State Trading Corpn Board to consider special Interim Dividend

State Trading Corporation of India Ltd has informed BSE that it has been decided to get approved by Board in circulation the following agenda : Declaration of Special Interim Dividend and fixation of record date for the purpose.

Jubilant Organosys FY-02 net profit up by 76.79%

Jubilant Organosys Ltd has posted a net profit of Rs 236.20 million for the year ended March 31, 2002 as compared to Rs 133.60 million in the previous financial year ended March 31, 2001. Total Income (net of excise) has increased from Rs 7844.30 million in the year ended March 31, 2001 to Rs 8035.60 million in the year ended March 31, 2002. The Board has recommended dividend of Rs 7.50 per Equity share which subject to approval by shareholders in ensuing Annual General Meeting. Commenting on the company's performance for FY-2002 Mr Shyam Bhartia Chairman & Managing Director said, Jubilant Organosys Ltd said "I am delighted to report our results for FY 2002 particularly because the performance reflects the continued success of our strategic intent to increase the share and contribution from specialty chemicals and exports business. The current year provides us with a strong foundation to further our business interests that are in line with our defined corporate objectives. We remain confident of achieving operational progress that will positively accrue to our financial performance for the future." Business Outlook The company is likely to deliver an earnings lead growth in FY 2003 with a 50% increase in net profits in the financial year ended March 31, 2003. Revenue performance will reflect the company's continued focus on value-added specialty and fine chemicals business Export operations have achieved critical mass and will continue to deliver growth by addressing new markets and consolidating position in the existing markets likely to show a rapid increase in FY-2003. Market and customer led R&D initiatives continue to drive the expansion of the product portfolio and have contributed to developing a promising product pipeline in the high growth segments across functional divisions of organic intermediates. Specialty & Fine Chemicals Performance Chemicals and Plant Health & Animal Nutrition. Operating efficiencies across all business functions, integrated processes and global scale manufacturing facilities contribute to the ability to compete effectively and deliver superior products.

Pradip Burman appointed as Whole time Director of Dabur India

Dabur India Ltd has informed BSE that the approval of Board of Directors of the Company has been sought for passing the resolution by circulation for the appointment of Mr Pradip Burman (who is presently non-executive Director) as Whole-time Director w e f May 01, 2002.

Sunil Lalai appointed as Company Secretary of Thermax

Thermax Ltd has informed BSE that Mr Mahesh Nalavade, General Manager - Finance & Company Secretary has resigned from the services of the Company w e f April 30, 2002. The Company has further informed that Mr Sunil Lalai Deputy Company Secretary has been appointed as the Company Secretary of the Company w e f May 02, 2002. Mr Sunil Lalai would also be responsible as the Compliance Officer of the Company.

Deveshwar Kumar nominated by GOI as non official Director of BOI

Bank of India has informed BSE that Mr Deveshwar Kumar Kapila has been nominated by Government of India as part time non-official Director of the Bank for a period of 3 years commencing from April 24, 2002.

ICICI Bank fixes record date for purpose of issue of equity shares to ICICI shareholders

The Board of Directors of ICICI Bank has fixed June 07, 2002 as the record date for the purpose of issue of equity shares to the equity shareholders of ICICI. ICICI Bank will issue ICICI Bank equity shares and ADRs respectively to equity shareholders and ADR holders of ICICI after the record date.

Hindalco declares dividend @135% per share

Hindalco Industries Ltd has informed BSE that at the meeting of the Board of Directors of the Company held today (May 03, 2002) the Directors of the Company have recommended to the Company's Shareholders about the payment of the following Dividends on Equity Shares for the Financial Year commencing on April 01, 2001 upto March 31, 2002. On 7,44,60,163 Equity Shares of Rs 10 per share (fully paid-up) @ 135% ie (Rs 13.50) per Equity Share. The Company has informed that the Register of Members & Transfer Books of the Equity Shares of the Company will remain closed from July 12, 2002 to July 31, 2002 (both days inclusive). All the Equity Shares received by the Company for transfer till the conclusion of the business hours on July 11, 2002 will be entitled for the above mentioned Equity Dividend for the Financial Year commencing on April 01, 2001 upto March 31, 2002. The Dividend on the Equity Shares as and when sanctioned will be made payable to the Company's Equity Shareholders, who are entitled for the dividend as on July 31, 2002 and the Warrants will be made encashable at par in accordance of arrangement made by the Company with the Bankers as per guidelines of RBI.

ICICI Bank announces FY 2002 results as per US GAAP

Under US GAAP business combinations must be accounted for in the accounting period in which they are consummated and not in a previous accounting period, other than in exceptional circumstances. The date of merger for accounting purposes under US GAAP would therefore be April 01, 2002 and not March 30, 2002 as sanction of the High Court of Bombay and approval of RBI were received in April 2002. Accordingly ICICI's Bank US GAAP accounts for FY 2002 do not reflect the results of operations, assets and liabilities of ICICI, ICICI PFS and ICICI Capital, or of subsidiaries of ICICI that have now become subsidiaries of ICICI Bank. ICICI Bank's net income increased 55.7% to Rs 2040 million in the financial year ended March 31, 2002 from Rs 1310 million in FY 2001. Net interest income increased 43% to Rs 5720 million in FY 2002 from Rs 4000 million in FY 2001.

ICICI Bank announces results for FY-2002

With the completion of all requirements for the merger of ICICI Ltd and two of its wholly owned subsidiaries with ICICI Bank Ltd the combined entity came into existence with effect from May 03, 2002. The appointed date for the merger however continues to remain March 30, 2002 as provided in the scheme of amalgamation. ICICI Bank's profit after tax as per the audited unconsolidated Indian GAAP increased by 60.2% to Rs 2580 million in the financial year ended March 31, 2002 from Rs 1610 million in the previous year. As the merger has come into effect only on March 30, 2002 ICICI Bank's profit of Rs 2580 million for FY-2002 includes only two days profit of ICICI and its merging subsidiaries, amounting to about Rs 80 million. The profit of FY 2002 for the bank is therefore largely comparable to FY 2001. Net Interest income increased 46.7% to Rs 5930 million from Rs 4040 million, and core fee income increased 65.5% to Rs 2830 million from Rs 1710 million. The average cost of deposits declined to 7.3% in FY 2002 from 7.80% in FY 2001. The profit for the quarter ended March 31, 2002 was Rs 570 million compared to Rs 500 million in the corresponding quarter last year. The profit for the quarter ended March 31, 2002 has been affected due to higher deposit mobilisation and substantial addition to the SLR portfolio to meet the reserve requirements of the merged entity. However the core fee income for the quarter ended March 31, 2002 increased by 62.30% as compared to the corresponding quarter in the previous year. In view of the substantial interim dividend of Rs 2 per share declared in January 2002, the Board of ICICI Bank while approving the audited accounts decided not to recommend any further dividend for the year.

Hindalco Q4 net up by 26.36%, FY-02 net up by 1.16%

Hindalco Industries Ltd has posted a net profit of Rs 1922 million for quarter ended March 31, 2002 as compared to Rs 1521 million for corresponding period last fiscal. The total income has increased from Rs 6269 million in MQ 2001 to Rs 7279 million in MQ 2002. The Company has posted a net profit of Rs 6860 million for FY-02 as compared to Rs 6781 million for FY-01.The total income has increased from Rs 24069 million in FY-01 to Rs 25423 million in FY-02.

Titan Industries announces change in management structure

Titan Industries Ltd has informed BSE that at the Board Meeting held on May 02, 2002 the Board of Directors have appointed Mr M Kalaivanan, IAS, Executive Director, Tamilnadu Industrial Development Corporation Ltd as a Director of the Company. Mr M Kalaivanan's appointment is in place of Mr V K Jeyakodi who has resigned from the Board on March 27, 2002. The Board of Directors have also appointed Mr Krishnadas Nair as an additional independent Director on the Board of the Company effective May 02, 2002.

Bilt Board to finalise issue price, interest rate and discount rate for rights issue

Ballarpur Industries Ltd has informed BSE that a meeting of the Committee of Directors of the Company has been convened on May 07, 2002 for: 1. Finalizing the issue price, interest rate and discount rate etc for the securities being offered to the shareholders on rights basis, within the range already files with SEBI & 2. Approving the final letter of offer.

India Sugars Board to seek shareholders approval for preferential allotment of shares to promoters

India Sugars & Refineries Ltd has informed BSE that the Board of Directors of the Company in their meeting held today (May 3, 2002) have decided to convene and hold an EGM of the Company to seek the approval of the members for increase in Authorised Share Capital from Rs 20 million to Rs 35 million and also Preferential Allotment of Rs 12.60 million equity shares to the promoters in pursuance of a scheme of rehabilitation sanctioned by the BIFR recently.

PSI Data FY-02 net loss at Rs 129.72 million

PSI Data Systems Ltd has posted a net loss of Rs 129.72 million for the year ended March 31, 2002 (15 months) as compared to a net profit of Rs 182.28 million for the year ended December 31, 2000 (12 months). Total Income for the year ended March 31, 2002 is at Rs 968.17 million as compared to Rs 849.96 million for the year ended December 31, 2000. During the year the company acquired 97,91,350 shares representing 99.91% of the equity capital of Birla Technologies Ltd (BTL). Consequently BTL has become a subsidiary of the Company.

Century Textiles fixes Book Closure for dividend

The Board of Directors of the Century Textiles & Industries Ltd has recommended a dividend of 15% on the paid up equity capital for the year ended March 31, 2002 subject to the necessary approvals, if any. The Register of Members & Transfer Books of equity shares will remain closed from June 18, 2002 to July 04, 2002 (both days inclusive). The dividend will be paid to those members whose name appears on the Register of Members as on July 04, 2002.

Grasim fixes Book Closure for dividend

Grasim Industries Ltd has informed BSE that the Register of Members and Share Transfer Books of the Company will remain closed from July 19, 2002 to August 03, 2002 (both days inclusive) for the purpose of payment of dividend @ Rs 9 per equity share for the year ended March 31, 2002 as recommended by the Board of Directors of the Company in their meeting held on May 02, 2002.

Century Textiles FY-02 net at Rs 117.20 million

Century Textiles Industries Ltd has posted a net profit of Rs 117.20 million for Financial year ended March 31, 2002 as compared to Rs 539.50 million for corresponding period last fiscal. The total income has increased from Rs 22671 million in FY-01 to Rs 22854 million in FY-02. The Board of Directors has recommended dividend @ 15% (Fifteen per cent) on paid up Equity Share Capital of the Company for the year ended March 31, 2002 as against 10 %(Ten percent) paid in the previous year on Equity Shares of Rs 10/- each, and the same will be paid when declared by the Shareholders in accordance with law. Since the company has provided full depreciation as per the relevant provisions of the Companies Act as also proportionate arrears of depreciation for previous two years, the net profit for the year under review is not comparable with that of the previous year.

ACC April 02 despatches up by 29.52%

Associated Cement Companies Ltd has informed BSE its production and despatch figures for the month of April 2002 which are as follows: April 2002: Cement producti on --- 1.207 million tonnes Cement despatches --- 1.246 million tonnes April 2001 Cement production --- 0.966 million tonnes Cement despatches --- 0.962 million tonnes

Colgate Palmolive declares second interim dividend for FY-02

Colgate Palmolive India Ltd has informed BSE that the board of directors of the company at their meeting held today (May 3, 2002) declared a second interim dividend of 17.5% ie Rs 1.75 (Rupees one and paise seventy five only) per equity share of Rs 10 for the financial year 2001-02. The said interim dividend will be paid on the paid up equity share capital of Rs 1359.90 million involving a total pay out of Rs 238 million. The company has fixed May 28, 2002 as the record date for payment of the said interim dividend. The company has further informed that the interim dividend will be payable on or about May 31, 2002 to those shareholders whose names appear on the register of members of the company on May 28, 2002.

Max India Q4 net profit at Rs 68.10 million, FY-02 net up by 28.46%

Max India Ltd has posted a net profit of Rs 68.10 million for quarter ended March 31, 2002 as compared to a net loss of Rs 138.10 million for corresponding period last fiscal. The total income has increased from Rs 189 million in MQ 2001 to Rs 602.40 million in MQ 2002 The company has posted a net profit of Rs 65.90 million for FY-02 as compared to Rs 51.30 million for FY-01.The total income has increased from Rs 1265.20 million in FY-01 to Rs 1817.70 million in FY-02. During the quarter the Healthcare division of the company has commenced operations in its second Medcentre (Nursing Home & Diagnostics) situated at HB Towers, New Delhi.

Fitch revises rating of F D programme of Motor & General Finance

Motor & General Finance (M.G.F.) Ltd has informed BSE that Fitch Rating India Pvt Ltd has revised the rating of the Fixed Deposit programme of the Company to 'IND - BBB- (FD)'.

High Court at Bombay directs Mirc Electronics to seek members approval for scheme of arrangement

Mirc Electronics Ltd has informed BSE that the Hon'ble High Court at Bombay has directed Company to hold a General Meeting of shareholders on May 27, 2002 for getting their approval for scheme of arrangement of Onida Infotech Ser. Ltd.with the Company.

Gordon Woodroffe Board to consider allotment of 8% redeemable non cumulative preference shares under the scheme of amalgamation

Gordon Woodroffe Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 08, 2002 to consider the approvals received from the High Courts of Madras and Calcutta and to allot 8% Redeemable Non Cumulative Preference Shares under the Scheme of Amalgamation between Shaw Wallace Properties Ltd and Gordon Woodroffe Ltd.

BSE imposes Special Margin on 3 scrips

BSE has informed the members of the exchange that Special Margin of 25% has been imposed as mentioned alongside with effect from today (May 3, 2002). Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net) as indicated below: Code Scrip Name Scrip Group 500125 E. I. D. PARRY (I) LTD. B1 505190 KINETIC MOTOR CO. LTD. B1 500267 MAJESTIC AUTO LTD. B2