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March 15, 2000

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Caprihans Board meeting rescheduled on March 21

The Board of Directors of Caprihans India Ltd that was scheduled to meet on March 22, 2000 to consider and approve the Audited Accounts for the year ended December 31, 1999, has been rescheduled to be held on March 22, 2000.

Hinduja Finance to acquire majority stake in Indusind Media

The Board of Directors of Hinduja Finance Corporation Ltd (HFCL) will meet on March 21, 2000 to consider a change in the financial year of the company from June 30 to March 31. At the meeting the Board will also consider the merger of Richman Investrade private Ltd with HFCL for acquiring majority stake in Indusind Media & Communications Ltd, a Hinduja Group company having cable, media and internet infrastructure with a subscriber base of about 4 million for cable business.

Unichem declares Rs 6/- per share interim dividend

The Board of Directors of Unichem Laboratories Ltd at its meeting held today (16/03/2000), has declared payment of an interim dividend of Rs 6/- per share on equity shares, for the financial year 1999-2000. The EGM of the members was held today whereat the members has given their approval to the issue of Bonus shares in the ratio of one bonus share for every existing share held. The record date for the Bonus and interim dividend has been fixed as April 20, 2000.

Bayer ABS DQ 99 Net profit up by 95 % at Rs 54.411 million (DQ 98 Rs 27.904 million)

Bayer ABS Ltd has announced a net profit of Rs 54.411 million for the quarter ended December 31, 1999 as against Rs 27.904 million for DQ 98. The sales for the period was Rs 600.905 million, an increase of 22.42 % over DQ 98 figures of Rs 490.852 million. Other income is Rs 4.21 million (DQ 98 Rs 3.607 million). The Board has recommended a dividend of Rs 1.50/- per share for the year 1999.

Ciba Speciality's new plant commences commercial production

Ciba Speciality Chemicals (India) Ltd has informed the BSE that its new Antioxidant plant at Santa Monica, Goa for manufacture of Irganox-1010 and Irganox-1076 (Additives) was recently commissioned in February 2000 and the commercial production and sale of the said additives have commenced. The new plant has a capacity of 2000 Tons per annum and the project cost was approximately Rs 200 million. This plant will cater to the growing Indian market.

Shri MM Softek quarterly results on March 31

The Board fo Directors of Shri MM Softek Ltd will meet on March 31, 2000 to consider unaudited financial results for the quarter ended February 29, 2000.

Birla Century declares Re1/- per share Interim Dividend

The Board of Directors of Birla Century Finance Ltd has declared an interim dividend of Re1/- per share. The Board has stated that in view of the present operating trend of the company, it is uncertain whether any further dividend can be declared for the year under review. The Board has fixed April 28, 2000 as the record date for the purpose of dividend.

VSNL shake hands with Indiainfo.com

Videsh sanchar Nigam -Ltd has signed a MoU with indiainfo.com for a period of three years. After signing definitive agreements in due course, indiainfo.com will become the default homepage for all current and future VSNL subscribers. VSNL and indiainfo.com will promote a single integrated co-branded portal that will offer all indiainfo.com content, commerce, utilities and services to current and future VSNL Subscribers. As per the agreement, VSNL will have 30% stake in indiainfo.com and will also share the revenues generated by the portal as above to an extent of 20% with minimum commitments amounting to Rs 2010 million over the three years period.

BPL to consider Interim Dividend

The Board of Directors of BPL Ltd will meet on March 22, 2000 to consider the payment of interim dividend for the financial year 1999-2000.

Dr Reddy's to consider ADS issue

The Board meeting of Dr Reddy's Laboratories Ltd is scheduled on March 23, 2000 to consider among other things the following
1. To consider and recommend interim dividend
2. To consider the proposalof issue of American Depositary Shares.

Wim Plast to consider Interim Dividend

The Board of Directors of Wim Plast Ltd will meet on March 22, 2000 to consider the declaration of interim dividend for the financial year 1999-2000.

Cheminor Drugs commences commercial production at Bachepally plant, Board to consider Interim dividend

Cheminor Drugs Ltd has informed the BSE about the commencement of its Export oriented Formulations plant at Bachepally. The commercial production began from March 15, 2000. The Board of Directors of the company will meet on March 23, 2000 to consider among other things recommendation of interim dividend.

Tisco to consider Interim Dividend

The Board of Directors of Tata Iron and Steel Company Ltd will meet on March 23, 2000 to consider the proposal for payment of interim dividend on Ordinary shares for the financial year 1999-2000.

Phoenix Lamps re-purchases 11 lakh shares at Rs 19.50 /-per share

The Board of Directors of Phoenix Lamps India Ltd at its meeting held on March 15, 2000 has approved besides others, the following matters:
As per the scheme of arrangement approved by the Allahabad High Court the company has re-purchased 11 lakh fully paid equity shares of the company from PICUP at a price of Rs 19.50/- per share. The re-purchased shares have been extinguished and consequently the paid up share capital of the company stands reduced by Rs 11 million on this account.
As per the scheme of arrangement approved by the Allahabad High Court, the company has allotted 766,000 Redeemable preference shares of Rs 100/- each aggregating to Rs 76.60 million carrying no dividend rights to its foreign collaborator Phoenix Electric Co. Ltd, Japan. The allotment has been made by varying the terms of 7,660,000 shares equity shares of Rs 10/- each held by them and converting the same into redeemable Preference Shares.

Mico FY 99 Net Profit up by 51.40%, Revives buy-back

Motor Industries Co. Ltd has announced a net profit of Rs 1057.70 million for the financial year ending December 31, 1999 as compared to Rs 698.60 million for the financial year ending December 31, 1998. The sales are up by 16.31 % at Rs 15099.80 million against Rs 12981.70 million in FY 98. Other income is at Rs 432.80 million (FY 98 Rs 322.60 million). The Board has decided to revive the buy-back of upto 200,000 equity shares of the company of the face value of rs 100/- each through "Tender Offer" from the existing shareholders, not exceeding 5.3 % of the existing paid up equity capital. The shares shall be bought back at Rs 4200/- per share.

Ratnabali Capital to consider Interim Dividend

The Board meeting of Ratnabali Capital Markets Ltd is scheduled on March 31, 2000 to declare an interim dividend for the year 1999-2000.

Archies Greetings to consider Second Interim Dividend

The Board of Directors of Archies Greetings & Gifts Ltd will meet on March 21, 2000 to consider the recommendation of second interim dividend.

Hoecsht Marion to consider Interim Dividend

The Board meeting of Hoecsht Marion Roussel Ltd is scheduled on March 24, 2000 to consider declaring an interim dividend for the year ending March 31, 2000.

ICI India to consider Interim Dividend

The Board meeting of ICI India Ltd is scheduled on March 24, 2000 to consider payment of interim dividend for the current financial year.

Aurobindo Pharma to consider Interim Dividend

The Board meeting of Aurobindo Pharma Ltd is scheduled on March 27, 2000 for consideration of payment of interim dividend to the equity shareholders of the company for the financial year ending on March 31, 2000. The Board has fixed May 20, 2000 as the record date for the purpose of determining the names of the persons eligible for the interim dividend.

Corporation Bank tie up with ICICI Bank in preliminary stage

The Corporation Bank (CB) has clarified regarding the news item appearing in a daily newspaper about its strategic alliance with ICICI Bank Ltd (ICICI). CB has informed that it is examining the proposal of sharing of ATMs with ICICI for the mutual benefit of both the banks. The proposal is still in the preliminary stage and there are no issues beyond the above proposal. The company has denied any other strategic collaboration under its consideration at the present juncture.

Modison Metals to consider Interim Dividend

The Board meeting of Modison Metals Ltd is scheduled on March 21, 2000 for declaring interim dividend for the financial year ending on March 31, 2000. The Board will also fix the record date for the same at the meeting.

R S Mohta Mills to consider Interim Dividend

The Board meeting of R S R Mohta Spinning & Weaving Mills Ltd is scheduled on March 22, 2000 to consider and declare interim dividend for the financial year ending March 31, 2000.

Modern Home to consider Interim Dividend

The Board of Directors of Modern Home Credit & Capital Ltd will meet on March 22, 2000 to consider declaration of interim dividend for the financial year 1999-2000.

Eveready Industries to consider Interim Dividend

The Board of Directors of Eveready Industries India Ltd will meet on March 21, 2000 to consider payment of Interim Dividend to the shareholders for the year 1999-2000. The record date for the interim dividend, if declared, shall be April 27, 2000.

Eveready Industries to consider Interim Dividend

TTK Prestige to consider Interim Dividend

The Board of Directors of TTK Prestige Ltd will meet on March 29, 2000 to consider amongst other matters, payment of interim dividend. The company has entered into an agreement with NSDL and CDSL for dematerializing the shares of the company.

Orient Ceramic to consider Bonus Issue

The Board of Directors of Orient Ceramics and Industries Ltd will meet on March 31, 2000 to consider the following :
1. Issue of Bonus shares
2. Recommend interim dividend for the year 1999-2000
3. Increase Authorised & Paid up capital
4. To fix the date, time, and venue for the Extra Ordinary General Meeting of the shareholders.

Tamil Telecom to pay 5% interim dividend

The Board of Directors of Tamilnadu Telecommunications Ltd at its meeting held on March 15, 2000, has declared an interim dividend at the rate of 5%. The dividend shall be payable to those whose names appear on the register of members of the company as on March 28, 2000.

S B & T International to make private placement at Rs 30/- per share

The Board of Directors of S B & T International Ltd has decided the following:
1. Private placement of equity shares of the company at a premium of Rs.20/- per share.
2. Acquiring of equity shares in Soft Touch Jewellers L.1.c, Dubai.
3. Venture into e-commerce.
4. EGM of the company will be held on 15.03.2000.

Sunku Auto to quicken software business through acquisition route

An EGM of Sunku Auto Ltd is proposed to be held on 10.04.2000 to consider the following:
1. Incorporating additional clause in the object clause of the company's MoA to enable entering into Software Business, by acquisition of existing software companies to quicken the process of positioning in IT Business.
2. Fresh issue of shares.

BSE imposes special margin on 8 scrips

The BSE has imposed special margin on the following scrips with effect from March 16, 2000.
1. Beta Corporation Ltd (Rs 4/-)
2. Hittco Precision Tool Technologies Ltd (Rs 5/-)
3. Mintage Electro Equipments Ltd (Rs 3/-)
4. Odyssey Financial Services Ltd (Rs 4/-)
5. Pankaj Polymers Ltd (Rs 5/-)
6. Quantum Industries (India) Ltd (Rs 6/-)
7. REI Agro Ltd (Rs 4/-0
8. Shriyam Securities & Finance Ltd (Rs 5/-)

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