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April 4, 2000
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| Following companies will have Board meetings for declaring interim dividend
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The Board of Directors of the following Companies companies will meet on the dates mentioned alongside to consider the declaration of interim dividend
1. Priyadarshini Cement Ltd ( April 29, 2000)
2. Kse Ltd ( April 28, 2000)
3. The West Coast Paper Mills Ltd ( April 6, 2000)
4. Vikas Wsp Ltd ( April 8, 2000)
5. Pegasus Castalloy Ltd ( April 15, 2000)
6. HDFC Bank Ltd ( April 14, 2000)
7. Nagarjuna Construction Company Ltd ( April 20, 2000)
8. Indo Gulf Corporation Ltd ( April 12, 2000)
9. G M Breweries Ltd ( April 20, 2000)
10. The Central Pulp Mills Ltd ( April 20, 2000)
11. Cholamandalam Investment & Finance Company Ltd ( April 25, 2000)
12. Bank of Baroda ( April 11, 2000)
13. Goa Carbon Ltd ( April 24, 2000)
14. Gangotri Textiles Ltd ( April 15, 2000)
15. Syndicate Bank ( April 15, 2000)
16. Blue Star Ltd ( April 7, 2000)
17. Skylid Telecommunication Ltd ( April 8, 2000)
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| Voltas declares 12% interim dividend
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| The Board of Directors of Voltas Ltd at its meeting held on April 4, 2000 has declared an interim dividend of 12% (Rs 1.20 per share) for the financial year ended March 31, 2000. The record date for the aforesaid dividend is May 8, 2000.
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| Blue Star board meeting to fix record date for scheme of arrangement
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| The Board of Directors of Blue Star Ltd will meet on April 7, 2000 to fix the record date for implementation of the scheme of arrangement between the company and Blue Star Infotech Ltd. The board will also approve payment of interim dividend for the financial year ended March 31, 2000 and fix the record date for payment of interim dividend.
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| Selan Exploration buys 37900 shares for Rs 4,33,197
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| Selan Exploration Technology Ltd has informed the BSE that the company has bought 37,900 equity shares for a total consideration of Rs 4,33,197. The company has bought the shares today i.e April 04, 2000. Cumulatively the company has bought 42,500 shares for a total consideration of Rs 4,84,717.
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| Gestetner board reshuffled
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The following changes have taken place in the Board of Directors of Gestetner India Ltd:
Mr K Swetharanayan has been appointed as Managing Director of the Company wef April 1, 2000.
Mr Paul Wilkinson has resigned from the post of Managing Director wef April 1, 2000
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| Ram Informatics MQ 2000 Net Profit up by 59 % at Rs 4.20 million
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| Ram Informatics Ltd has announced a net profit of Rs 4.20 million for the quarter ended March 31, 2000 as against Rs 2.64 million in MQ 99. The sales are up by 34.80 % at Rs 26.20 million. Other income is Rs 0.60 million (MQ99 Rs 0.13 million). The profits for the year ended March 31, 2000 are Rs 14.40 million, an increase of 74.65 % previous year figures of Rs 8.25 million. The annual sales are 64.45 % up at Rs 87 million as against Rs 52.91 million in financial year ending March 1999. During the year the company has allotted 1,666,000 equity shares of Rs 10/- each to OCBs, Mutual Funds, Bodies Corporate and others at a price of Rs 110/- per share. The company has reported that has finalized the strategic acquisition of Aravali Technologies Inc., a software consulting firm based in the Silicon Valley, USA. The acquisition is subject to necessary approvals. The Board has announced an interim dividend of 12% for the year 1999-2000 and has fixed May 18, 2000 as the record date for the same.
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| Malco subscribes to equity shares of India Foils
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| The Madras Aluminium Company Ltd has subscribed to 1,10,00,000 equity shares and 1,00,00,000 equity warrants of the India Foils Ltd representing 54.76% of the equity capital. The date of subscription was March 31, 2000.
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| BIL Industries MQ 2000 net loss at Rs 88.31 million
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| BIL Industries Ltd has announced a net loss of Rs 88.311 million for the quarter ended March 31, 2000. The sales for the period are Rs 123.59 million. The paid up capital of the company is Rs 196 million and the reserves of the company as on March 31, 2000 stood at Rs 12.04 million.
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| Global Tele signs MOU with Vysya Bank for E-Commerce Infrastructure |
Global Tele-Systems Ltd (GTL) has entered into a MOU with Vysya Bank Ltd (VBL) for setting up E-Commerce payments processing infrastructure. GTL and VBL will jointly work in the area of transaction acquiring in B2B and B2C Electronic Commerce. GTL will employ its expertise in the areas of networking &communication technologies and E-Commerce technologies using quality based software systems, designs and development methodologies. GTL will develop install and maintain necessary connectivity and software interfaces to various back -end banking hosts and /or commercially available networks /switches / Visa/ Master network switches in co-ordination with various internet technologies.
GTL will also provide the necessary technological infrastructure for settlement and reconciliation including data communication network and effective reporting system. VBL will act as the prime bank for its clients for inter-bank settlement services required to successfully carry out B2B and B2C E-Commerce transaction services, both inter city and intra-city. GTL and VBL will jointly and / or individually, actively promote, market and campaign the use of B2B and B2C e-commerce in the Indian as well as global business environment.
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| Goa Carbon signs Property Deed
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| Goa Carbon Ltd has informed the BSE that the company has signed and executed the Deed of Assignment regarding transfer of immovable properties including land to Apparent Iron and Steel Private Ltd. The Deed has been signed on March 31, 2000. |
| Colour-Chem Interim dividend at Rs 65/- per share
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| Colour-Chem Ltd has declared an interim dividend at the rate of 65 % (Rs 65/- per equity share of face value Rs 100/- each) for the financial year 1999-2000. The record date for the said interim dividend has been fixed as April 26, 2000. The above decision has been taken at the meeting of the Board of Directors held today (April 26, 2000). At the meeting the Board elected Dr. Ulrich Cuntze as the Chairman of the Board of Directors of the company in place of Dr. R. Handte who will continue as a Director on the Board of the company.
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| Rama Phosphates declares 6% interim dividend
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| The Board of Directors of Rama Phosphates Ltd at its meeting held on March 31, 2000 has declared an interim dividend of 6% (Rs 0.60 per share). The record date for the aforesaid dividend is May 17, 2000. |
| Indian Oil denies newspaper reports
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| In a correspondence to the BSE Indian Oil Corporation Ltd has stated that the company is not aware of the said talks alleged (reported in a daily newspaper) to have been taken place between Indian Oil and Enron of U.S.A to source and market LNG in the western part of the country. The company also denied the news about the offer of equity in Andhra Unit. |
| BSE restricts dealing in 25 scrips
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BSE has advised its members, not to deal in the shares of the undermentioned scrips as the companies have not complied with clause 16 of Listing Agreement, regarding informing their Book closure/Record Dates to the Exchange. The members have been asked to stop dealing in these shares from April 10, 2000.
1. Fairyland Amusement And Water Parks Ltd.
2. Femnor Mineral (India) Ltd.
3. Fenoplast ltd.
4. Finalysis Credit & Guarantee Co. Ltd.
5. Fintech Communication Ltd.
6. Fiscal Ltd.
7. Fluid-Air (India) ltd.
8. Freshtrop Fruits Ltd.
9. G.Claridge & Co. Ltd.
10. Gamma Infoway Ltd.
11. Indo-French Biotech Enterprises Ltd.
12. Inter State Finance Ltd.
13. Jamna Auto Industries Ltd.
14. Jay Electric Ltd.
15. Meca Quilts Ltd.
16. Micron Chemicals Ltd.
17. Moongipa Capital Finance Ltd.
18. Nagarjuna Agritech Ltd.
19. New Plastomers India Ltd.
20. Nutraplus Products (India)ltd.
21. Pasupati Spg. & Wvg. Mills Ltd.
22. Pet Plastics Ltd.
23. Pioneer Cashew Industries Ltd.
24. Planter's Polysacks Ltd.
25. Protech Electromech Ltd
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| Linc Pen to consider preferential allotment
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| The Board of Directors of Linc Pen & Plastics Ltd will be meeting on April 13, 2000 to consider preferential allotment of shares. |
| Sterlite accepts Arthur Andersen recommendations, declares 110% interim dividend |
The Board has accepted the Arthur Andersen recommendations and has taken the following decisions :
1. Demerge the telecom business into a separate company and enter into total telecom solutions business.
2. Consolidate the Group's non-ferrous metals business by merging Madras Aluminium Company Ltd (MALCO) into Sterlite, subject to Malco Board approval.
3. Not to undertake the greenfield aluminium project.
4. Divest the investment in the paper project which has been already been spun off into a separate subsidiary.
5. Appoint Arthur Andersen for valuation, capital structuring of the new entities, determining demerger and swap ratios.
6. Mandate Arthur Anderson for divestment of investment in paper project.
Arthur Andersen will be presenting their detailed valuations, swap and demerger ratio report within 3 weeks. Decision on the above will be taken by a Committee of Independent Directors.
The Board of Directors of Sterlite Industries Ltd at its Board meeting held today April 4, 2000 has declared an interim dividend of 110%(Rs 11/- per share) for the year 1999-2000. The total outgo on interim dividend including tax shall be around Rs 60.37 crores. The Register of Members and Share Transfer Books of the company will remain closed from May 4, 2000 to May 17, 2000 (both days inclusive) for the purpose of interim dividend.
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| HFCL postpones board meeting
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| The Board meeting of Himachal Futuristic Communications Ltd which was scheduled to be held today April 4,2000 has been postponed due to unavoidable reasons. |
| Titan Industries sells 5 million shares of Timex Watches
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| Titan Industries Ltd has sold the 5 million fully paid up equity shares of Rs 10/- each held by the company in Timex Watches Ltd. These shares were sold to Timex Watches B V, the co- promoter company incorporated under the laws of the Netherlands. The transaction was carried on March 31, 2000 after necessary approvals had been received from the FIPB and the RBI. The Board of Timex Watches Ltd has approved the deal at its meeting held on the same day. The aforesaid shares were sold at a price of Rs 29.25 per share for which Titan Industries Ltd has received the full payment. |
| Birla 3M MQ 2000, net profit down by 18.62 % at Rs 36.95 million |
| Birla 3M Ltd has posted a net profit of Rs 36.95 million for the quarter ended March 2000 as compared to Rs. 45.40 million for the same period in the last year. MQ 2000 sales are Rs 533.52 million against Rs 372.89 million in MQ 99, an increase of 43.08 %. Total Income is up by 43.80 % to Rs 534.04 million from Rs 371.38 million in MQ 99. |
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