Saint Gobain Sekurit India Ltd has informed BSE that the Board of Directors of the Company in their meeting held on August 20, 2002 has taken the following decision:
1.To increase the paid up share capital of the company from existing Rs 65,07,55,000 to Rs 91,10,57,000 by issuing 2,60,30,200 equity shares of Rs 10 each for cash at par.
2.To amend the capital clause of the memorandum and articles of association of the Company in order to increase the authorised capital of the Company from existing Rs 660 million to Rs 920 million.
3.To issue equity shares of Rs 10 each for cash at par on rights basis in the ratio of 5:2 ie for five existing shares two new shares to be allotted.
Earlier the Company had informed the following:
The Board of Directors of the Company in their meeting held on August 20, 2002 has taken the following decision:
1. To increase the paid up share capital of the company from existing Rs 65,07,55,000 to Rs 90,07,55,000 by issuing 2,50,00,000 equity shares of Rs 10 each for cash at par.
2. To amend the capital clause of the memorandum and articles of association of the Company in order to increase the authorised capital of the Company from existing Rs 660 million to Rs 910 million.
3. To issue equity shares of Rs 10 each for cash at par on rights basis in the ratio of 5:2 ie for five existing shares two new shares to be allotted.
Govt. of West Bengal nominates Birenjit Kumar Paul on the Board of CESC
CESC Ltd has informed BSE that Birenjit Kumar Paul has been nominated by the Government of West Bengal on the Board of Directors of the company.
Thomas Cook Q3 net up by 56.05%
Thomas Cook India Ltd has posted a net profit of Rs 54.43 million for the quarter ended July 31, 2002 as compared to Rs 34.88 million for the corresponding period last fiscal. Income from domestic operations has increased from Rs 232.75 million for quarter ended July 31, 2001 to Rs 258.33 million for quarter ended July 31, 2002. Other income has decreased from Rs 5.31 million for quarter ended July 31, 2001 to Rs 4.52 million in quarter ended July 31, 2002.
The consolidated results are as follows:
The company has posted a net profit of Rs 55.19 million for quarter ended July 31,2002. Income from domestic operations is at Rs 266.99 million for quarter ended July 31, 2002. Other income is at Rs 4.71 million for quarter ended July 31, 2002.
Grauer & Weil India Board recommends issue of bonus shares
Grauer & Weil India Ltd has informed BSE that at the Board Meeting held on Wednesday the Board of Directors of the Company have decided as under:
1. Recommendation of dividend @ 15% ie Rs 1.50 per share for the year ended March 31, 2002 subject to its approval by the shareholders at the forthcoming AGM.
2. Recommendation of issue of Bonus Shares in the ratio of 1:1.
SK Wali/ S Chouksey appointed as Whole time Directors of JK Corp
JK Corp Ltd has informed BSE that Mr S K Wali and Mr S Chouksey have joined the Board of Directors of the Company as Whole-time Directors.
Kiran Syntex announces change in management structure
Kiran Syntex Ltd has informed BSE that Mr Iqbal Hingora and Mr Abdul Kadir Chasmawala have been appointed as Directors of the Company.
Smt. Pratibha Godiwala has resigned as Director of the Company.
Fortune Informatics awarded ISO 9001: 2000 certification by American Quality Assessors
Fortune Informatics Ltd, has been awarded the ISO 9001: 2000 certification by American Quality Assessors, with a scope of Design, Development, Implementation, Upgradations and maintainance of software products, projects and services.
The ISO 9001: 2000 certification for Fortune Informatics underlines the Company's compliance with standards that focus on the universally accepted quality management principles of customer focus, leadership, continual improvement, systems approach to management, involvement of people, process approach, factual approach to decision making and mutually beneficial supplier relationship.
According to the Company's Management Representative for ISO, Mr B Srinivas Reddy this certification confirms Fortune's process approach benefiting the various departments in the Company in terms of improvement in the process that result in reducing the software development life cycle time, optimum usage of resources, effective monitoring of the processes and the use of metrics at various identified processes.
M Sridhar appointed as Company Secretary of Webel SL Energy
Webel SL Energy Systems Ltd has informed BSE that Mr M Sridhar has been appointed as the Company Secretary of the Company w e f August 17, 2002.
Chintapalli Sirisha appointed as Company Secretary of Continental Coffee
Continental Coffee Ltd has informed BSE that Mr V. Srinivas has resigned from the office of Company Secretary w e f August 13, 2002 and Ms Chintapalli Sirisha has been appointed as the Company Secretary of the Company w e f from the same date ie August 13, 2002.
SK Wali/ S Chouksey appointed as Whole time Directors of JK Corp
JK Corp Ltd has informed BSE that Mr S K Wali and Mr S Chouksey have joined the Board of Directors of the Company as Whole-time Directors.
Balaji Telefilms announces change in management structure
Balaji Telefims Ltd has informed BSE that as a part of management restructuring exercise Mr Rajesh Pavithran, Vice President - Marketing has been re-designated as Chief Operating Officer and Mr Ajay Patadia, Company Secretary has been re-designated as President - Corporate Affairs & Company Secretary.
IndusInd Bank to consider proposal for merger of IndusInd Ent & Finance with the Bank
IndusInd Bank Ltd has informed BSE that the Board of Directors of the Bank is scheduled to meet on August 22, 2002 to consider inter alia a proposal for the merger of IndusInd Enterprise & Finance Ltd (one of its promoter companies) with the Bank.
Transcorp International to seek shareholders approval for scheme of arrangement
Transcorp International Ltd has informed BSE that as per the order dated August 9, 2002 passed by the Hon'ble High Court of Andhra Pradesh, Hyderabad a meeting of the equity shareholders of the company will be held on September 7, 2002 for the purpose of considering and if though fit approving with or without modifications, the proposed scheme of arrangement between the company and its shareholders for reduction of share capital.
Shri Shakti LPG referred to BIFR
Shri Shakti LPG Ltd has informed BSE that a reference application has been made to the Board for Industrial and Financial Reconstruction (BIFR) as the entire networth of the company stood eroded. A proposal for revival of the unit is also submitted along with the application.
Eonour Technologies to seek shareholders approval for increase in Authorised Capital
An Extraordinary General Meeting of the shareholders of Eonour Technologies Ltd has been convened on August 27, 2002 for seeking their approval for increase in Authorised Capital from Rs 20,00,00,000 to Rs 55,00,00,000 by creation of additional equity Rs 35,00,00,000 divided into 17,50,00,000 shares of Rs 2 each.
Max India fixes book closure for AGM
Max India Ltd has informed BSE that the fourteenth AGM of the Company will be held September 30, 2002 at the registered office of the Company and the Register of Members will be closed from September 23, 2002 to September 30, 2002 (both days inclusive).
Binani Industries to seek shareholders approval for scheme of arrangement
An Extraordinary General Meeting of the shareholders of Binani Industries Limited has been convened on September 11, 2002 for seeking their approval for the scheme of arrangement for hiving off of Zinc Division and to Binani Zinc Ltd and to rationalize the capital and financial structure of the company as directed by the Hon'ble High Court of Calcutta.
Bommidala Aquamarine Board to consider issue of redeemable preference shares on private placement basis
Bommidala Aquamarine Industries Ltd has informed BSE that the following items will be considered in the Board Meeting to be held on August 31, 2002.
1. To consider in dealing with new products either by alteration of main objects clause or adopting the other objective as main objects of the Company.
2. To consider the issue of Redeemable Preference Shares on private placement basis
Grasim clarifies on news item
With reference to a news item appearing in a leading financial daily titled " Grasim in the race for Mangalam Cement" Grasim Industries Ltd has informed BSE that the news item is speculative in nature.
Soma Textile Board allots OFCD to ICICI Bank & IDBI
The board of directors of Soma Textile & Industries Ltd at its meeting held on August 7, 2002 has allotted:
1. 3,22,000 -15% Optionally Fully Convertible Debentures (OFCD) of Rs 100 each by converting the portion of company's overdue liabilities to ICICI Bank Ltd. aggregating to Rs 3,22,00,000.
2. 3,52,000 -15% Optionally Fully Convertible Debentures of Rs.100 each by converting part of the Rupee Tied overdue loan to the IDBI aggregating to Rs 3,52,00,000.
The allotment has been made in exercise of the authority and powers conferred upon the Board of the company by the members of the company at the EGM held on July 29, 2002.
CyberTech Board approves purchase of 100% equity of CyberTech Europe
The Board of Directors of CyberTech Systems and Software Ltd at its meeting held on August 16, 2002 has approved purchase of 100% equity of CyberTech Europe from CyberTech Systems Inc., making CTE a 100% wholly owned subsidiary of the company subject to regulatory requirements and fixation of price at the next Board Meeting.
Tata Infomedia announces first project in Hindi motion picture production
Tata Infomedia Ltd has informed BSE that it has on Wednesday announced its first project in Hindi motion picture production. The film titled "Aitbaar" directed by Vikram Bhatt and with music by Rajesh Roshan stars Amitabh Bachchan, Bipasha Basu and John Abraham. This maiden project will be produced under the banner of Cutting Edge Entertainment, a new division of Tata Infomedia Ltd.
Competent Automobiles Director resigns
Competent Automobiles Co Ltd has informed BSE that Mr S S Grewal who held office of director in the company has resigned from the board w e f July 28, 2002 and his resignation is accepted by the board.
Infosys Technologies to host analyst meet
Infosys Technologies Ltd announced that it will host its Annual Analyst meet on August 27, 2002 at Infosys City Campus, Bangalore. The theme of the years meet is "Living up to the promise".
GDR Media Board to consider issue of equity shares on rights basis
GDR Media Ltd has informed BSE that a meeting of the board of directors is convened to be held on August 29, 2002 to consider, inter alia issuing of equity shares of the company on rights basis.
Videsh Sanchar Nigam Ltd announces change in Companies Directorate
Videsh Sanchar Nigam Ltd has informed BSE that at the 129th Meeting of the Board of Directors held on August 20, 2002 the Chairman R N Tata informed that S K Gupta the present Managing Director of the Company on his superannuation on September 30, 2002 from VSNL will be appointed by Tatas as their senior executive for a period of five years and will be deputed to VSNL for a period of upto two years as its Managing Director. The Board approved the reappointment of Gupta as the Managing Director of the Company for a period of upto two years w e f October 01, 2002 on deputation basis from Tatas.
At the Board Meeting the Board also appointed Vivek Singhal and Professor Ashok Jhunjhunwala as Additional Directors (Independent Directors) on the Board of VSNL w e f from the conclusion of 16th AGM held on August 20, 2002.
ICRA assigns 'A1+' rating to Archies Greetings & Gifts Commercial Paper Programme
Archies Greetings & Gifts Ltd has informed BSE that ICRA has assigned "A1+" rating to its proposed Commercial Paper programme of Rs 70 million. This rating indicates highest safety.
Discontinuance of Buyback of the shares of Winsome Yarns
BSE has informed the members that Winsome Yarns Ltd. (Scrip Code: 514348) will discontinue with the scheme of buyback of its fully paid-up equity shares of face value of Rs 10 each from the Open Market through the trading mechanism of the Exchange.
Accordingly, the scheme of buyback of shares of Winsome Yarns Ltd. will not be available in Physical as well as Demat form with effect from August 21, 2002 and trading under the following scrip code for physical mode will be suspended:
Scrip Code------Name Of the Securities
532428------Winsome Yarns Ltd
Suspended From August 21, 2002
