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April 8, 2000
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| Visual Soft grants options under ESOS at Rs 10/- each |
| The Compensation Committee of Visual Soft Technologies Ltd at its meeting held on April 5, 2000 granted 4000 options to the employees of the company under the Employee Stock Option Scheme (ESOS) formulated by the company as per the SEBI guidelines. The price of the option is Rs 10/- each .The closing market price of the share on the given date of the meeting was Rs 5918.10 on the Bombay Stock Exchange. |
| SPL Infoweb board to consider preferential allotment of shares |
| The Board of Directors of SPL Infoweb Ltd will meet on April 15, 2000 to consider and decide on further issue of equity shares on preferential allotment basis and to finalise the terms and conditions thereof. |
| Crompton Greaves board to meet for change in management structure |
| The Board of Directors of Crompton Greaves Ltd will meet on May 2, 2000 to consider the present Managing Director's request to retire from the services of the Company. In view of the above, the management structure of the company will need to be redefined, and the proposals in this regard will be placed before the board at the above meeting. |
| Emami declares 20% interim dividend |
| The Board of Directors of Emami Ltd at its meeting today (April 8, 2000) has declared an interim of 20% (Rs 2/- per share) on the equity shares of the company for the year 2000-2001. The record date for the aforesaid dividend is May 17, 2000. |
| Melstar Information declares 10% interim dividend |
| The Board of Directors of Melstar Information Technologies Ltd at its meeting today (April 8, 2000) has declared an interim of 10% (Re 1/- per share). The record date for the aforesaid dividend is May 22, 2000. |
| Dewan Housing fixes record date for rights issue |
Dewan Housing Finance Corporation Ltd has fixed the Record Date for the purpose mentioned below. The transactions in the equity shares of the following company should be done on an ex-right basis with effect from the undermentioned date.
Transactions in equity shares on cum-rights basis up to 07/04/2000 ex-rights basis from 10/04/2000. Record date 03/05/2000, Purpose 30 equity shares of Rs.10/- each at a premium of Rs.10/- per share on rights basis for every 100 existing equity shares held and for payment of interim dividend.
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| Stone India to form joint venture with WABTEC, USA |
| Stone India Ltd has formed a joint venture with Westinghouse Air Brake Technologies Inc USA in India for railway product business. A new company is proposed to be floated as the vehicle for this joint venture. Subject to the required approvals, this joint venture will inter alia, acquire the railway product business from Stone India Ltd as per mutually agreed terms. |
| Shanthi Gears declares 50% interim dividend |
| The Board of Directors of Shanthi Gears Ltd at its meeting held today (April 8, 2000) has declared 50% (Rs 5/- per share) interim dividend on the equity shares. The record date for the aforesaid dividend is May 24, 2000. |
| Sun Pharmaceuticals fixes record date for allotment of shares for Gujarat Lyka shareholders |
| The Board of Directors of Sun Pharmaceuticals Industries Ltd (SPIL) at its board meeting held today April 8, 2000 took on record the order by the BIFR sanctioning merger/amalgamation of Gujarat Lyka Organics Ltd (GLOL) with SPIL wef April 1, 1999. The Board of SPIL also took on record May 23, 2000 as the Record Date fixed by the Board of Directors of GLOL for GLOL shareholders for allotment of 1(One) equity share of SPIL in exchange of every 21.33 (Twenty One Point Thirty Three) equity shares held by the shareholders of GLOL in GLOL. |
| BSE to resume dealings in 5 scrips |
Members of the BSE were advised not to deal in the securities of the undermentioned companies because of non-compliance of listing requirement regarding intimation of dates of closure of Register of Members/ Record Date to the Exchange. The dealings in the securities can now be resumed with effect from the dates indicated alongside:
Company Name: Dealings Can Be Resumed
Digital World India Ltd.: 10/04/2000
Esskay Telecom Ltd.: 10/04/2000
Omega Ag-Seeds (Punjab) Ltd. : 10/04/2000
Shri Lakhavi Financial Services Ltd.: 10/04/2000
Sri Jayalakshmi Spg.Mills Ltd.: 10/04/2000
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| HCL Infosystems board to discuss exercise price under ESOP scheme |
| The Board of Directors of HCL Infosystems Ltd. will meet on April 10, 2000 to discuss and decide on the grant of options and the exercise price before the issue and offer of options to the employees under the ESOP Scheme approved by the shareholders of the company. |
| Neyveli Lignite MQ 2000 Net Profit down by 24.64 % at Rs 1500.10 million |
| Neyveli Lignite Corporation Ltd has announced a net profit of Rs 1500.10 million for the quarter ended March 31, 2000 as against Rs 1990.50 million in MQ 99. The sales are down by 5.35 % at Rs 3961.1 million. Other income is Rs 226.7 million (MQ99 Rs 341.70 million). The profits for the year ended March 31, 2000 are Rs 4194.7 million. The annual sales are down by 12.93% at Rs 14833.9 million as against Rs 17037 million for the financial year ending March 1999. The Board of Directors of the company has approved an interim dividend of 5% (Rs 0.50 per share) which will be paid to the members whose names appear on the register of members of the company as on May 10, 2000. |
| TNPL declares 12% interim dividend |
| The Board of Directors of Tamil Nadu Newsprint and Papers Ltd. at its board meeting held on April 7, 2000 has declared an interim dividend of 12% (Rs 1.20 per share) for the year 1999-2000 .The record date for the aforesaid interim dividend is May 19, 2000. |
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