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March 9, 2000
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| Adeshwar Cotton Industries to consider Interim Dividend |
| The Board of Directors of Adeshwar Cotton Industries Ltd will meet on March 17, 2000 to consider declaration of interim dividend. |
| Centak Chemicals to consider Interim Dividend |
| The Board meeting of Centak Chemicals Ltd is scheduled on March 21, 2000 to consider declaration of matter of payment of interim dividend. The board has fixed April 21, 2000 as the record date for the purpose of determining the persons entitled to interim dividend on its declaration. |
| Ginni Filaments to diversify into Software and Information Technology |
| The Board of Directors of Ginni Filaments Ltd at its meeting held today (09/03/2000), has decided to diversify the activities of the company into Software and Information Technology. To facilitate the commencement of the aforesaid activities the Board has convened an EGM of the company on April 11, 2000 seeking the approval of the shareholders to incorporate relevant clauses in the Main Objects clause of the MoA of the company. |
| Unichem Laboratories to consider Interim Dividend |
| The Board meeting of Unichem Laboratories Ltd is scheduled on March 16, 2000 to consider the matter of payment of interim dividend. |
| Finolex Industries declares Millennium Interim Dividend @ 15% |
| The Board of Directors of Finolex Industries Ltd has declared an interim Millennium dividend @ 15% on paid up capital of the company. The dividend amount comes to Rs 1.50/- per share. The Register of Members of the company shall remain closed from April 24, 2000 to May 2, 2000 for ascertaining entitlement of the shareholders to receive interim millennium dividend. |
| Pharma Offset to be renamed as Pharma Com Ltd |
| The Board of Directors of Pharma Offset Ltd is scheduled to meet on March 11, 2000 to call shareholders meeting for taking their approval to change the name of the company from Pharma Offset Ltd to Pharma Com Ltd. At the meeting the Board shall also discuss to invest/grant loan in other company in excess of limit prescribed by section 372A of Companies Act 1956. |
| Kopran Drugs to change name of the company |
| The Board of Directors of Kopran Drugs Ltd will meet on March 10, 2000 to consider and approve changing the name of the company. At the meeting Board will also consider to prepone the date of conversion of Optionally Convertible Cumulative Preference Shares (OCCPs) into equity shares. The Board shall also consider and approve, subject to approval of shareholders, the issue of equity shares to employees per the SEBI guidelines for ESOS. |
| Mangalya Soft-Tech plans overseas acquisitions |
| The Board of Directors of Mangalya Soft-Tech Ltd will meet on March 13, 2000 to consider a proposal to take over a Singapore based company. The said company is engaged in the business of providing software solutions with established brand and strong network worldwide. |
| Oscar Investments planning Merger |
| The Board of Directors of Oscar Investments Ltd is meeting on March 16, 2000 to consider the Merger/Amalgamation of Vitoba Investment Company, Vajreshwari Investment Company, Cradel Investment & Trading Company Pvt. Ltd, and Suraj Builders Pvt. Ltd with the company. |
| Garware Synthetics DQ99 Sales down by 25.33%, Net Loss at Rs 1.649 Million |
| Garware Synthetics Ltd has announced a net loss for the quarter ended December 31, 1999. The sales for DQ 99 is Rs 29.799 million, 25.33% less compared to Rs 39.907 million in DQ98. The company has earned other income of Rs .026 million during the quarter. |
| Indal declares Rs 2.50/- Interim Dividend |
| The Board of Directors of Indian Aluminum at its meeting held today (09/03/2000), has declared an interim dividend of Rs 2.50/- per ordinary share of Rs 10/-each for the year 1999-2000. |
| Hindalco denies acquisition news |
| Referring to a news appearing in a daily newspaper Hindalco Industries Ltd has clarified in a communication to the BSE, that no such proposal is under consideration. It has stated that any proposal for the acquisition of a business would have to be first considered by the Board of Directors of the company. Hindalco has clarified that, no Board meeting has been planned in the near future for working on such proposal. |
| Chemfab Alkalis AGM on April 27, 2000 |
| A meeting of the Board of Directors of Chemfab Alkalis Ltd is scheduled on March 31, 2000 for the purpose of considering and approving the Audited Accounts of the Company for the year ending March 31, 2000. The AGM of the company is to be held on April 27, 2000. |
| Shilpa Antibiotics to consider Interim Dividend |
| The Board meting of Shilpa Antibiotics Ltd is scheduled on March 30, 2000 to consider payment of interim dividend. |
| Liberty Oil Mills to consider Interim Dividend |
| The Board meting of Liberty Oil Mills Ltd is scheduled on March 16, 2000 to consider and declare interim dividend in respect of financial year 1999-2000. |
| Darjeeling Plantations planning Fresh issue, Merger, Name change |
The Board of Directors of Darjeeling Plantation Industries Ltd (DPIL) is scheduled to meet on March 11, 2000 to consider besides other matters, the following :
- Amalgamation of Katalguri Tea Company Ltd, The Enabarie Tea Company Ltd, and Lectra Tracom Pvt. Ltd with DPIL.
- Change of name of the company to DPIL Ltd
- Amending the objects clause of the MoA of the company to include provisions for setting up packaging and blending units in India and abroad relating to Tea and other agricultural items and marketing of such items in India and abroad.
- Increasing the Authorised Capital of the company from Rs 50 million to Rs 250 million.
- Issue of Shares of Rs 10/- each at a premium on preferential basis to overseas investor(s).
- Issue of shares to public at a premium.
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| ABB denies investment in Videocon Power Project |
| Asea Brown Boveri Ltd (ABB) has informed the BSE that the company is not involved in the process of investment in Videocon Power project. The investment was infact intended to be made by ABB Energy Ventures as a foreign investor. However it is understood that ABB Energy Ventures have decided to withdraw from their role as investors in this project. The power generation business of ABB has now been demerged into a new entity "ABB Alstom Power" and in India this company is called ABB Alstom Power India Ltd. It is understood that ABB Alstom Power India Ltd continues to act as EPC contractor for this project. |
| Siro Plast Interim Dividend decision on March 24 |
| The Board of Directors of Siro Plast Ltd will meet on March 24, 2000 consider declaration of interim dividend on equity shares of the company. |
| VSNL to consider Interim Dividend |
| The Board meeting of Videsh Sanchar Nigam Ltd will be held on March 10, 2000 to consider payment of interim dividend to equity shareholders. |
| Tata Elxsi clarifies Newspaper report |
| In connection with a report in a daily newspaper, Tata Elxsi Ltd has stated that the company is looking at all avenues of growth including acquisitions and setting up of development centers, both locally as well as overseas. The company has however clarified that as of now there are no concrete proposals on hand. |
| Acquisition of shares in Lafarge India is routine investment - clarifies HDFC |
| Housing Development Finance Corporation has informed the BSE that its investment in Lafarge India Pvt. Ltd has been made as a part of routine treasury investment. The said investment is not a strategic investment in nature and would not have any substantial impact on the profitability of the corporation. |
| Jaipan industries Ltd trading to resume today |
| The members of BSE who were advised not to deal in the shares of Jaipan Industries Ltd have been informed that trading in the shares of the said company shall be resumed today. The market lot of the said scrip shall be 100 equity shares instead of 50 shares. |
| Century Enka to consider Interim Dividend |
| The Board of Directors of Century Enka Ltd will meet on March 21, 2000 to consider declaration of interim dividend for the financial year ending March 31, 2000. The record date for the purpose of determining the entitlement of interim dividend will be April 20, 2000. |
| Exide Industries to consider Interim Dividend |
| The Board meeting of Exide Industries Ltd is scheduled on March 14, 2000 to consider payment of interim dividend to equity shareholders and to fox the record date thereof. |
| Nods Worldwide Swap ratio at 159:1 |
| At the Board meeting of Nods Worldwide Ltd (NWL) (Formerly Worldwide Technologies Ltd), the Board has accepted the Valuation report submitted by M/s Dalal & Shah, Chartered Accountants, in connection with the proposed merger of Electronic Broking Services Ltd (EBSL) with NWL. Accordingly the shareholders of EBSL will be allotted 159 shares of NWL for every one equity share presently held by them. On the merger being approved by the High Courts, the merged entity shall have paid up equity capital of Rs 210,838,170. |
| BSE imposes Special Margin on nine scrips |
BSE has imposed special margin on the following scrips with effect from March 8, 2000
- Axtel Industries Ltd. (Rs 3/-)
- Poddar Pigments Ltd. (Rs 3/-)
- Selan Exploration Technology Ltd. (Rs 4/-)
- Shalibhadra Finance Ltd. (Rs 3/-)
- Toheal Pharmachem Ltd. (Rs 3/-)
with effect from March 9, 2000
- Patel On Board Couriers Ltd. (Rs 6/-)
- Shikhar Consultants Ltd. (Rs 3/-)
- Supan Syntech Ltd. (Rs 5/-)
- Surana Strips Ltd. (Rs 5/-)
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