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May 15, 2000
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| Indian Seamless Metal Tube records net profit of Rs 2.9 million in MQ 2000 |
| Indian Seamless Metal Tube Ltd (ISMT) has registered a net profit of Rs 2.90 million for the quarter ended March 31, 2000 as against a loss of Rs 48.90 million in MQ 99. The revenues including other income are up by 73.71 % at Rs 1042.10 million. Correspondingly the expenditure for the quarter has increased by 67.88% from Rs 537.70 million in MQ 99 to Rs 902.70 million in MQ 2000. The depreciation charges for the quarter was higher by 26.90 million at Rs 65.60 million as against Rs 38.70 million in MQ 99. However as per the scheme of Arrangement between ISMT and Kalyani Seamless Tubes Ltd (KST), ISMT stands merged with KST effective July 1, 2000. In view of the above the results are not strictly comparable with those of quarter ended March 31, 1999. |
| Hindustan Lever stock split record date on July 18, 2000 |
| The shareholders of Hindustan Lever Ltd at the AGM of the company held on April 25, 2000 approved the subdivision of the shares of Rs 10/- each of the company into ten shares of Re 1/- each. In a notice to the BSE the Company has informed that the Board of Directors of the company has fixed July 18, 2000 as the record date for ascertaining those shareholders (holding shares either in physical form or in the demat form) who would be entitled to receive the new sub-divided shares. |
| TV18 enters into content sharing alliance with e-FE |
In a press release issued by Television Eighteen Ltd, the business news provider, has informed that it has entered into a business news content sharing alliance with e-FE. e-FE is claimed to be India's first e-Business newspaper. This alliance is effective from May 16, 2000.
TV18 provides India based television content to CNBC India, a dedicated 24-hour business news channel. E-FE is the technology-centric section of the Financial Express newspaper, focusing on the rapidly emerging sectors like IT and media.
The objective of the alliance is to create synergies that allows users news seamlessly through TV and print, enhancing their access to quality reporting and in depth analysis and generating greater interest and higher reader/viewer reach, the press release added.
Under this arrangement e-FE will support CNBC India's 'ICE' (Information Technology, Communication, Entertainment) sectors coverage. Breaking stories from these sectors will be telecast in 3-4 minutes multiple slots titled "e-FE on Air" on weekdays, providing viewers with value-added insights about industry developments. TV18 will, in turn, share content emanating from its strong business news network with the Financial Express. This will be published in the Financial Express as an exclusive column titled "CNBC India Daily Digest".
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| Bajaj Auto Finance net profit rises 34%, other income up by 64% |
| Bajaj Auto Finance Ltd has recorded a net profit of Rs.212.80 million for the year ended March 31, 2000 as against Rs. 158.70 million in FY 99. The income from operations is up by 13.23 % at Rs 646.20 million. Other income is significantly higher at Rs. 213.60 million (FY 99 Rs 130.20 million). The interest charges for the year were higher at Rs 230.80 million as against Rs 177.20 million in the previous financial year. The depreciation charges for the year is lower at Rs 58.70 million (Rs 87.90 million). The company has reported basic and diluted earnings of Rs 12.89 per share (Rs 9.60). The book value per share as on March 31, 2000 was Rs 90.02 as compared to Rs 80.45 as on March 31, 1999. The Directors has recommended that the interim dividend of Rs 3/- per share (30%) paid on May, 2000 be taken as the final dividend for 1999-2000. As per SEBI directions the shares of the company will be traded in compulsory demat form by all the investors with effect from 28 th June, 2000. |
| Oriental Carbon Board approves Scheme of Arrangement with Posh Investments Ltd |
The Board of Directors of the Oriental Carbon & Chemicals Ltd (OCCL) in its meeting held today (15th May, 2000) has approved a Scheme of Arrangement proposed to be made between the Company and posh Investments Limited (PIL) and their respective Shareholders. Under the scheme it is proposed to re-organise and reconstruct the company by transferring the Carbon Black Division of the Company on a going Concern basis along with assets and liabilities relating thereto to PIL with effect from April, 2000 (the Appointed Day). The rest of the business and undertakings of the Company will continue to remain with the Company. PIL is a subsidiary of OCCL.
Upon transfer and vesting of the Carbon Black Division of the Company to PIL and upon the Scheme becoming effective, PIL shall issue and allot in consideration of such transfer, Ten million Equity Shares of Rs. 10/- each at a premium of Rs 67/- (Rs Sixty Seven only) per share in PIL to OCCL
The Scheme is subject to the approval of the Shareholders of the Company & PIL, Banks, Financial Institutions and Chargeholders over the Carbon Black Division and sanction of the Honourable High Court at Calcutta.
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| Vamshi Rubber 1999-20000 net profit at Rs 3.59 million |
| Vamshi Rubber Ltd has announced a net profit of Rs. 3.59 million for the year ended March 31, 2000 as against Rs. 0.16 million in FY 99. The sales are up by 74.76 % at Rs 162.02 million. Other income is Rs. 0.31million (FY 99 Rs 1/-million). The other income for the year was Rs 0.31 million as compared to Rs 1/- million for FY 1999. The raw material cost for the year is Rs 79.44 million as against Rs 47.77 million in FY 99. The company's equity share capital is Rs 42.06 million. The EPS for the year ended March 31, 2000 is Rs 0.96. |
| Tai Chonbang Textile FY 2000 net profit at Rs 15.01 million |
| Tai Chonbang Textile Industries Ltd has reported a net profit of Rs 15.01 million for the year ended March 31, 2000 as against Rs 7.07 million, in the previous financial year, an increase of 112.37%. The annual sales are 117.04 % up at Rs 584.77.million as against Rs 269.44 million in the financial year ending March 1999. Other income for FY 2000 is Rs 1.95 million as compared to Rs 3.66 million for FY 99. |
| BSE imposes special margin on 12 scrips w.e.f May 15, 2000 |
SR. NO Scrip Code Scrip Name Group Special margin per share (%)
1 31707 BEST MULYANK B2 25
2 32321 CADILA HEALTH B1 25
3 31984 GUJARAT FISCON B2 25
4 31897 HITECH ENT. B2 25
5 31870 MANSUKH FIN. B2 25
6 31417 MEGA CORPN. B2 25
7 285 MODILUFT B2 25
8 32089 MOH GRANITES Z 25
9 26411 MOVILEX IRRIGAT B2 25
10 23033 SOUNDCRAFT I LT B1 25
11 31940 VINTAGE FOODS B2 25
12 12493 YASHODHAN B2 25
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| Sri Skandan Industries to issue shares on preferential basis |
| The Board of Directors of Sri Skandan Industries Ltd has decided to issue 8,86,200 equity shares to Mr.Ganesh Mahadevan, his friends, associates and associate companies for cash at par on preferential basis. |
| Sultej Industries MQ 2000 net profit at Rs 27.80 million |
| Sultej Industries Ltd has reported a net profit of Rs 27.80 million for the quarter ended March 31, 2000 as against Rs 25.10 million in MQ 99. The sales are up by 9.44 % at Rs 719.80 million. Other income is Rs. 15.30 million (MQ 99 Rs17.80 million). The profits for the year ended March 31, 2000 are Rs 75.30 million, as compared to Rs 74.70 million in the previous financial year, an increase of 0.80%. The annual sales are 14.99 % up at Rs 3018.30 million as against Rs 2624.90 million in the financial year ending March 1999. On the equity capital of Rs 106.10.million the company has reported a basic and diluted earnings of Rs 7.10 per share for FY 2000. |
| Glenmark Pharmaceuticals FY 2000 net profit at Rs 219.65 million
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| Glenmark Pharmaceuticals Ltd has reported a net profit of Rs 219.65 million for the year ended March 31, 2000 as against Rs 127.74 million in FY 99. The annual sales are up by 39.20 % at Rs 1380.29 million as against Rs 991.61 million. Other income for FY 2000 is Rs 154.51 million (FY 99 Rs 41.79million). The profits for MQ 2000 are Rs 108.26 million. The sales for MQ 2000 are at Rs 450.40 million and the other income is Rs 112.07 million which includes dividend from W.O.S Rs 72 million. |
| Syndicate Bank FY 2000 net profit up 51.25% |
| Syndicate Bank Ltd has reported a net profit of Rs 2156.50.million for the year ended March 31, 2000 as against Rs 1425.80.million for FY99. The interest earned for FY 2000 is up by 17.77 % at Rs 24376.30 million as against Rs 20698/- million for FY 99. Other income is Rs 3064.80 million (FY 99 Rs 2710.90 million). |
| Bharat Forge FY 2000 net profit up 67.79% at Rs 626.2 million |
| Bharat Forge Ltd has reported a net profit of Rs 626.20 million for the year ended March 31, 2000 million, as compared to Rs 373.20 million in the previous financial year, an increase of 67.79%. The annual sales are 22.29% up at Rs 5828.40 million as against Rs 4766/- million in the financial year ending March 1999.Other income for FY 2000 is Rs 24.40 million as compared to Rs 101.5/- million for FY 99. |
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