Ram Informatics Q2 net profit at Rs 6.72 million

Ram Informatics Ltd has posted a net profit of Rs 6.72 million for the quarter ended September 30, 2000 as compared to Rs 4.50 million in the same period last year. Net sales for SQ 2000 are at Rs 32.73 million as compared to Rs 21.61 million in SQ 99. Other income has increased for the quarter ended September 30, 2000 is at Rs 2.70 million as compared to nil in SQ 99. The Equity Capital of the company has increased to Rs 67.41 million & the Reserves & Surplus to Rs 441.97 million consequent to the allotment of 1 million shares at a price of Rs 250/- per share to the NRI shareholders of Aravali Technologies Inc ,in part consideration of the acquistion of 100% equity of Aravali Technologies Inc, USA.

Mahindra & Mahindra Q2 results on October 25, 2000

A meeting of the Board of Directors of Mahindra & Mahindra Ltd has been convened on October 25, 2000 at 10.00 am to consider the un-audited financial results for the second quarter ended September 30, 2000.

Kalyani Brakes Q2 net profit down by 27.67%

Kalyani Brakes Ltd has posted a net profit of Rs 14.32 million for the quarter ended September 30, 2000 as compared to Rs 19.80 million in the same period last year. Net sales for the quarter ended September 30, 2000 are at Rs 372.86 million as compared to Rs 366.85 million in the same period last year. Other income for the quarter ended September 30, 2000 is at Rs 6.56 million as against Rs 6.14 million in SQ 99.

BILT Q1 net profit up by 127.94%

Ballarpur Industries Ltd has posted a net profit of Rs 230.90 million for the quarter ended September 30, 2000 as compared to Rs 101.30 million in the same period last year. Net sales have increased from Rs 2958.60 million in SQ 99 to Rs 3766.20 million in SQ 2000. Other income has decreased from Rs 15.40 million in SQ 99 to Rs 11.20 million in the quarter ended September 30, 2000. The figures for the current period relates to the restructured BILT and accordingly include the financial performance of pulp Unit of APR Ltd and excludes those of Ashti Unit vested in the APR packaging Ltd pursuant to the Scheme of Arrangement & Reorganisation as approved by the Honble High Court of Mumbai, Nagpur and Andhra Pradesh, Hyderabad. The figures for the corresponding Quarter of last year are therefore not comparable to the figures of the current Quarter ended 30th September 2000. Pursuant to the Scheme of Arrangement and Reorganisation, the company has since issued 11887469 Equity shares, thereby raising the total capital by Rs 11.89 crores. The Company has also issued 500,000 nos 12% Preference Shares of Rs 100 each on Private Placement basis maturing on 20.8.2001. Mr R R Vederah has been appointed as Additional Director of the company wef October 16, 2000.

Extra Ordinary income helps Global Tele post a 234.85% increase in Q2 net profit

Global Tele-Systems Ltd has reported a net profit of Rs 1015.11 million for the quarter ended September 30, 2000 as compared to Rs 303.15 million in the same period last year. Net sales for the quarter ended September 30, 2000 are at Rs 2116.02 million as compared to Rs 1881.29 million in the same period last year. Other income for the quarter ended September 30, 2000 is at Rs 37.02 million(which is earned from exchange difference). The company has divested the entire balance shareholding of 1,635,100 equity shares in GECS, This divestment fetched an extra-ordinary income (net of tax and expenses) of Rs.281.06 million. In keeping with its philosophy of exploring business opportunities in new areas, the Company has made strategic investments through its wholly owned subsidiary, namely Internet Holdings (Global) Limited (IHGL) (formerly known as Global Software Services Limited ). Towards this, the Company has invested Rs 61.50 million IHGL. At a meeting held on September 20 2000 the Board of Directors of GTL Ltd and GECS have approved the merger of the two companies.The merger will entitle shareholders of GECS one equity shares of GTL of the face value of Rs 10.00 for every six shares of GECS held on the record date.The merger is subject to the approval by the shareholders of the two companies and completion of the legal formalities ,which are expected to be completed by February 2001.The merged entity when approved would would become and end to end e-business transations on a robust scalable and secure network.It proposes to partner with its customers to create B2B transaction chains with a subscription and transaction based revenue model.

Anant Hi-Fin increases holding in Srei International Finance through market purchases

Srei International Finance Ltd has informed BSE that M/s Anant Hi Fin Private Ltd has acquired 4,05,100 equity shares of the company on September 29, 2000 through market purchases. Anant Hi Fin Private Ltd has acquired 4,01,100 equity shares of Srei International Finance Ltd on October 12, 2000. After this said acquisition Anant Hi Fin Private Ltd holds 5.76% of the equity share capital of the company.

JCT Electronics Q4 results on October 23, 2000

A meeting of theBoard of Directors of JCT Electronics Ltd is scheduled on October 23, 2000 for taking up the following: 1. To consider and take on record the unaudited financial results for the quarter and year ended September 30, 2000 2. To consider and approve issue of equity/preference shares and optionally fully convertible debentures to financial institutions and banks on preferential basis in addition to preferential issue to promoters and associates as decided in the last board meeting. 3. To convene an Extra Ordinary Meeting (EGM) for seeking approval of the members under sec 81(1A) of the companies Act, 1956 as also increase in the authorised capital.

Esab Q2 results on October 24, 2000

A meeting of the Board of Directors of Esab India Ltd bas been convened on Tuesday October 24, 2000 to take on record the unaudited financial results for the quarter ended September 30, 2000.

ITC Q2 results on October 25, 2000

A meeting of the Board of Directors of ITC Ltd has been convened on Wednesday October 25, 2000 to consider and approve the un-audited financial results (provisional) of the company for the quarter and half-year ended September 30, 2000.

TTK Prestige inducts new director

TTK Prestige Ltd has informed BSE that in order to broad base the Board of Directors Mr R Srinivisan, an external professional director has been co-opted on the Board of our company effective October 09, 2000.

Indian Oil Q2 results on October 28, 2000

A meeting of the Board of Directors of Indian Oil Corporation Ltd will be held on October 28,2000 to take on record the unaudited quaterly financial results (provisional) for the second qaurter ending September 30,2000.

Philips Q3 results on October 24, 2000

A meeting of the Sub-Committee of the Board of Directors of Philips India Ltd will be held on October 24, 2000 to consider the un-audited financial results of the company for the quarter ended October 01, 2000.

NIIT Q4 net profit up by 70.33%, FY 2000 net up by 56.94%

NIIT Ltd has posted a net profit of Rs 908.20 million for the quarter ended September 30, 2000 as compared to Rs 533.20 million in the same period last year. Net sales for the quarter ended September 30, 2000 are at Rs 2149.30 million as compared to Rs 1597.60 million in the same period last year. Other income has risen from Rs 8/- million in SQ 99 to Rs 68.60 million in the quarter ended September 30, 2000. The net profit for the financial year ended September 30, 2000 is at Rs 2241.30 million as against Rs 1428.10 million in the financial year ended September 30, 99. Net sales for the year ended September 30, 2000 are at Rs 7499.40 million as compared to Rs 5813.30 million in FY 99. Other income has increased from Rs 22.30 million in FY 99 to Rs 95.70 million in the financial year ended September 30, 2000. Dividend of Rs 4.25 per share (42.5% on an equity share of par value of Rs 10/-) has been recommended amounting to Rs 164,259,436/- at the above Board Meeting for the year ended 30th September 2000. The Company had advanced a loan to a Trust for operating an Employee stock option scheme in line with the conservative accounting policy of the Company, a provision for contingencies of Rs 62.10 million has been made to reflect the change in NIIT share price.

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