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April 15, 2000
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| Quantum Industries Board approves entry into Media & Entertainment and IT business
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The Board of Directors of Quantum Industries Ltd at its meeting held on May 14, 2000 the following decisions were taken.
1) To alter the Main Object Clause of the Company to carry on the business in the field of Media & Entertainment and Information Technology.
2) To issue further shares on preferential basis.
3) To change the name of Company from Quantum Industries (India) Ltd to Quantum Digital Vision India Ltd.
4) To shift the Registered office from the state of Tamil Nadu to Maharashtra.
5) To hold an EGM on of the members on May 12, 2000.
The above decisions are subject to the approval of the shareholders and the CLB (wherever applicable).
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| Normal Production at Century Extrusions resumed
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| Century Extrusions Ltd has informed the BSE that pursuant to an agreement with the workmen, normal production has resumed with effect from April 14, 2000.
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| Yokogawa Blue Star declares 30% interim dividend
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| The Board of Directors of Yokogawa Blue Star Ltd has declared an interim dividend of Rs 3/- per share (30%) for the year 1999-2000. The Board has fixed May 31, 2000 as the record date for the payment of Interim dividend.
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| Tricom Finance to diversify into Information Technology
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The Board of Directors of Tricom Finance Ltd is scheduled to meet on April 17, 2000 to consider besides other matters the following.
1. To diversify its activities to Information Technology by merger/acquisition of Indus financial services, Indus Information Technology and shree Infotech, all proprietary concerns, thus creating a separate Software division.
2. To consider preferential allotment of five million equity shares of Rs 10/- each at a premium of Rs 15/- each.
3. To increase the Authorised Share capital of the company from the present Rs 5.25 crores to Rs 11 crores.
4. To alter the Memorandum and Articles of Association of the company.
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| Gujarat NRE Coke Net at Rs 2 million as against Loss of Rs 1.65 million |
| Gujarat NRE Coke Ltd has announced a net profit of Rs 2 million for the quarter ended March 31, 2000 as against a loss of Rs 1.65 million for MQ99. The sales at Rs 134.257 million have increased by 108.94% over the MQ 99 sales. The other income is Rs 1.72 million as compared to Rs 0.53 million in MQ 99. |
| Advanced Micronic Net up by 29.73 % at Rs 12.54 million |
| Advanced Micronic Devices Ltd has announced a net profit of Rs 12.54 million for the financial year ended March 31, 2000 as against Rs 9.67 million in the previous financial year. The sales are up by 30.32% at Rs 492.32 million. Other income is Rs 3.68 million (MQ99 Rs 2.57 million). The gross profits are up by 35.73% at Rs 20.37 million as against Rs 15.01 million in FY 99. The Board of Directors has declared an interim dividend at the rate of 8% on the equity share capital of the company. |
| GMM Pfaudler MQ 2000 Net Profit up by 214.60 % at Rs 11.98 million, 75% interim dividend |
| GMM Pfaudler Ltd (Formerly known as Gujarat Machinery Manufacturers Ltd) has announced a net profit of Rs 11.98 million for the quarter ended March 31, 2000 as against Rs 3.81million in MQ 99. The sales are up by 14.60 % at Rs 130.02 million. Other income is Rs 10.77 million (MQ99 Rs 10.30 million). The profits for the year ended March 31, 2000 are Rs 22.04 million, as compared to Rs 18.79 million in the previous financial year. The annual sales are 5.11 % up at Rs 402.73 million as against Rs 383.15 million in the financial year ending March 1999. On the equity capital of Rs 19.49 million the company has reported a basic EPS of Rs 12.12 and a diluted EPS of Rs 11.31. The company has allotted 357,200 equity shares to Pfaudler Inc., on preferential basis at Rs 450/- per share (Including premium of Rs 440/- per share) on July 28, 1999. The Board has declared an interim dividend of Rs 7.50/ -per share (75%) for the financial year 1999-2000. |
| Loyal Textile interim dividend at Rs 1.50 per share |
| The Board of Directors of Loyal Textiles Ltd has announced a 15% interim dividend on 4,703,946 equity shares of Rs 10/- each. The record date for the said interim dividend working out to Rs 1.50 per share has been fixed at May 25, 2000. |
| KSB Pumps second interim dividend at Rs 2/- per share |
| At a meeting of the Board of Directors of KSB Pumps Ltd held today (April 15, 2000), a second interim dividend of Rs 2/- per share (20%) has been declared. The Board has fixed May 22, 2000 as the record date for the purpose of the said interim dividend. |
| Raunaq Automotive to consider revival plans |
The Board of Directors of Raunaq Automotive Components Ltd will meet on April 27,2000 to consider and transact the following business.
1. Revival plans/OTS with Financial Institutions.
2. Appointment of Additional Director/Whole Time Director
3. Allotment of Equity shares on Preferential Basis.
4. Convening the Extra Ordinary General Meeting.
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| Lanco Industries to consider preferential offer of Lanco Net to shareholders |
| A Board meeting of Lanco Industries has been convened on April 19, 2000 to consider preferential offer of Lanco Net Ltd shares to the shareholders of Lanco Industries Ltd. |
| Orchid Chemicals declares 40% interim dividend |
| The Board of Directors of Orchid Chemicals & Pharmaceuticals Ltd has declared an interim dividend of Rs 4/- per share (40%) for the financial year ended March 31, 2000. The dividend will be payable to the shareholders whose names appear on the register of members as on May 20, 2000. |
| Sakthi Sugars to issue 14.10 million equity shares on private placement basis, Soya division to hived off as 100% subsidiary |
| The Board of Sakthi Sugars Ltd has decided to issue 14,100,000 equity shares on private placement basis to promoters and/or to companies belonging to the promoter's group or such persons intending to subscribe to the shares of the company. The shares shall be issued at a price to be calculated as per the SEBI guidelines in this regard. The Board has decided to hive off the Soya division of the company into a wholly owned subsidiary of the company. AN EGM of the members has been convened on May 15, 2000 to pass a special resolution under section 81(1A) of the Companies Act, 1956. |
| Mold -Tek Technologies to consider take over of US based Software Company |
| At its meeting to be held on April 21, 2000, the Board of Directors of Mold-Tek Technologies Ltd will consider to enter into a MOU for taking over of a Chicago (USA) based company engaged in software development, onsite consulting & training. The company proposes to take over the company, as it's wholly owned subsidiary. The Board's consideration is subject to the approval of shareholders, RBI and others as may be required. |
| HDFC Bank MQ 2000 Net Profit up by 74.91% at Rs 385.50 million |
| HDFC Bank Ltd has announced a net profit of Rs 385.50 million for the quarter ended March 31, 2000 as against Rs 220.40 million in MQ 99. The interest income is up by 121.26 % at Rs 2559.80 million. Other income is Rs 450.80 million (MQ99 Rs 164.40 million). The profits for the year ended March 31, 2000 are Rs 1200.40 million, as compared to Rs 824.40 million in the previous financial year. The annual interest income is 80.78 % up at Rs 6798.70 million as against Rs 3760.80 million in the financial year ending March 1999. |
| NIIT MQ 2000 Net Profit up by 84.50 % at Rs 367.70 million |
| NIIT Ltd has announced a net profit of Rs 367.70 million for the quarter ended March 31, 2000 as against Rs 199.30 million in MQ 99. The sales are up by 19.78 % at Rs 2099.60 million. Other income is Rs 41.40 million (MQ99 Rs -11.50 million). On the equity capital of Rs 386.50 million the company has reported a basic and diluted EPS of Rs 9.51 for the year to date march 31, 2000. For the half-year ended March 31, 2000 the company has reported a PAT of Rs 553 million representing a growth of 94%. The company has reported that the Software revenues are 50% up, while the revenues from US have improved by 51%. The company has added 19 new customers including Register.com, Ashton Group, PeopleSoft, Learn2.com and two large publishing houses. |
| Eonour Software Q4 net at Rs 24.21 million |
| Eonour Software Ltd has reported a net profit of Rs 24.21 million for the quarter ended March 31, 2000 as against Rs One million for the MQ 99. The sales for the quarter stood at Rs 62.36 million as compared to Rs 10.55 million in MQ 99. The profits for the year ended March 31, 2000 is Rs 23.397 million compared to Rs 1.569 million for the previous year. |
| Nagarjuna Fertilizer equity restructured, to offer 2 shares of Nagarjuna Oil for every one held |
| The Board of Directors of Nagarjuna Fertilizers and Chemicals Ltd (NFCL) at its meeting held on April 14, 2000 has decided to restructure its equity share capital. The restructuring would be subject to the approval of the shareholders of the company and the High Court of Andhra Pradesh. Under the scheme every member of NFCL shall be offered by NFCL two fully paid equity shares of Rs 10/- each in Nagarjuna Oil Corporation Ltd [100% subsidiary of NFCL]. |
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