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April 13, 2000
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| Shree Krishna Petro MQ 2000 Net Profit up by 119.60 % at Rs 99.70 million |
| Shree Krishna Petro Yarns Ltd has announced a net profit of Rs 99.70 million for the quarter ended March 31, 2000 as against Rs 45.40 million in MQ 99. The sales are up by 72.33 % at Rs 2108 million. Other income is Rs 0.30 million (MQ99 Rs 4.80 million). The profits for the year ended March 31, 2000 are Rs 605.10 million, as compared to Rs 489.20 million in the previous financial year, an increase of 23.69%. The annual sales are 29.02 % up at Rs 7485.10 million as against Rs 5801.70 million in the financial year ending March 1999. The Board has decided to pay an interim dividend of Rs 1.80 per share. |
| Daikaffil Chemicals to make preferential issue at Rs 22/- per share |
| Daikaffil Chemicals Ltd is raising Rs 11,000,000 by making a preferential allotment of equity shares to Individuals, Bodies Corporate, etc. The fund so raised shall be utilized to finance its growing financial requirements for strengthening its marketing and administrative set up. This will give the company an edge over its competitors thereby streamlining the present set up. The shares shall be issued at a price of Rs 22/- per share (including Rs 12/- per share as premium). The Board has sought the approval of shareholders for the aforesaid issue by means of a resolution, to be passed at the forthcoming EGM on May 6, 2000. |
| Quantum Industries to consider entry into Media & Entertainment and IT business |
The Board of Directors of Quantum Industries Ltd will meet on May 14, 2000 to transact the following business.
1) To consider alteration of the Main Object Clause of the Company to carry on the business in the field of Media & Entertainment and Information Technology.
2) To consider further issue of shares on preferential basis to the promoters.
3) To consider change of name of the Company from Quantum Industries (India) Ltd to Quantum Digital Vision India Ltd.
4) To consider shifting the Registered office from the state of Tamil Nadu to Maharashtra.
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| Wartsila NSD MQ 2000 Net Profit down by 66.67 % at Rs 12 million
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| Wartsila NSD India Ltd has announced a net profit of Rs 12 million for the quarter ended March 31, 2000 as against Rs 36 million in MQ 99. The sales are down by 10.31 % at Rs 574 million. Other income is Rs 4/-million (MQ99 Rs 2/- million). The Company' order book on March 31, 2000 for power plants to be executed during the year was Rs 1,415 million as against Rs 1,358 million on March 31, 1999. |
| Leading Edge denies certain items in news reports |
| Leading Edge Systems Ltd in a clarification given to the BSE has informed that there have been certain errors in the news article appeared in a daily newspaper. The company has clarified that the Applisoft deal is for Rs 39 crores and not for Rs 950 crores. The deal is a all cash deal and not a stock-swap deal. The company has not officially announced a turnover of $22 million for the year ended March 31, 2000 as mentioned in the article. The company has informed that the results are yet to be finalized and approved by the Board. While the company has examined various options for financing the company's growth plans including ADR listing, the Board of the company has so far not discussed an ADR listing next year, as mentioned in the article. The company has clarified that Indocean does not hold 12 per cent stake in Leading Edge a reported. As a result of e-Capital deal that was struck earlier the holding of various entities has changed substantially. |
| Prism Mercantile to enter into software, e-commerce business |
| The Board of Directors of Prism Mercantile Company Ltd has decided to enter into new activities in developing software/hardware, media, e-commerce, etc. The Board has also decided to offer shares on preferential basis to business associates and others up to an aggregate amount of Rs 50 million. The above decisions are subject to the necessary approvals in this regard. |
| Special Margin @ 25% on Pentagon Global |
| BSE has informed Special Margin on Pentagon Global Solutions Ltd at the rate of 25% with effect from April 13, 2000. |
| ZEE Telefilms to consider acquisition of Majority stake in Asianet |
| The Board of Directors of Zee Telefilms Ltd will meet on April 14, 2000 to consider acquisition of Majority equity share in Asianet Communication Ltd. Asianet is into the business of broadcasting general entertainment channels in South Indian Languages. At the meeting the Board will also consider issuance of equity shares of the company on preferential basis to discharge the consideration for the acquisition. |
| Alchemies Organics Amalgamation scheme becomes effective |
Alchemie Organics Ltd (AOL) has informed the BSE that, the scheme of amalgamation of Valient Industries Ltd (VIL) and Jaytex Synthetics Pvt. Ltd (JSPL) with AOL has become effective upon filing of the orders received from the High Court, Bombay, with the Registrar of Companies on April 7, 2000. The scheme becomes effective from April 01, 1998, the appointed date.
AOL has allotted 1,339,360 fully paid equity shares of Rs 10/- each to the shareholders of VIL and JSPL pursuant to the scheme the scheme of amalgamation on April 11, 2000. The shares shall rank pari passu with the existing listed equity shares of the company.
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| Sirpur paper declares 15 % interim dividend
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| The Board of Directors of The Sirpur Paper Mills Ltd at its meeting held on April 12, 2000, has declared an interim dividend of Rs 1.50 per share (15%) for the financial year ended March 31, 2000. The dividend will be payable to those shareholders whose names appear in the Register of Members of the company as on the record date, May 18, 2000.
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| Jindal Strips to consider second interim dividend |
| A meeting of the Board of Directors of Jindal Strips Ltd is scheduled on April 21, 2000 to consider the declaration of second interim dividend for the financial year ended March 31, 2000. The Board has proposed to fix May 16, 2000 as the record date for the payment of the said second interim dividend. |
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