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March 21, 2000

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The following Companies will hold their Board meeting to consider the declaration/payment of Interim dividend.

The following Companies will hold their Board meeting to consider the declaration/payment of Interim dividend.
1. Binani Metals Limited (March 29, 2000)
2. Jenburkt Pharmaceuticals Limited (March 27, 2000)
3. Ruchi Soya Industries Limited (March 22, 2000)
4. The Great Eastern Shipping Company Limited (March 23, 2000)
5. The Credit Rating Information Services of India Limited (April 10, 2000)
6. Tata Chemicals Limited (March 22, 2000)
7. Wockhardt Limited (April 11, 2000)
8. Oriental Hotels Limited (March 28, 2000)
9. Novartis Limited (March 27, 2000)
10. Trent Limited (March 29,2000)
11. Thermax Limited (April 10, 2000)
12. Coromandel Fertilisers Limited (March 28, 2000)
13. Apollo Tyres Limited (March 22, 2000)
14. Lupin Laboratories Limited (April 11,2000)
15. Savita Chemicals Limited (March 30,2000)
16. Larsen Services & Trading Co Limited (March 24, 2000)
17. Shri Dinesh Mills Limited (March 27, 2000)
18. Bimetal Bearings Limited (May 3,2000)
19. Vanavil Dyes And Chemicals Limited (March 31, 2000)

Ranbaxy gains FDA approval for new tablets in the US

Ranbaxy Pharmaceuticals Inc has announced today its ANDA approval by the US FDA to market Pentazocine (50mg) + Nalaxone (0.5mg) tablets in the United States. Ranbaxy is the first Indian Company to receive an approval in this product category which belongs to a potent analgesic segment.

Flex Chemicals board approves diversification, change of name

The board of directors of Flex Chemicals Ltd at its meeting held today has considered and approved the matter regarding issue of equity shares on preferential basis. The board has also approved to amend the MoA of the company to include activities relating to information technology, telecommunication, media, and related areas and accordingly proposed to change the name of the company. The proposal is subject to necessary approval as may be required/applicable in this regard.

Hinduja Finance board approves merger of Richman Investrade with self

The board of directors of Hinduja Finance Corporation Ltd at its meeting held today has decided to change the financial year of the company from June 30 to March 31. At the meeting, the board has also given its in-principal approval to the merger of Richman Investrade Private Ltd with Hinduja Finance Corporation, 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.

JJ Exporters recommends 30% interim, millennium dividend at 40%

The board of directors of JJ Exporters Ltd at its meeting held today has recommended an interim dividend of Rs 3/- per share (30%) for the year 1999-2000. The board has recommended a special millennium dividend of Rs 4/- per share (40%) on paid up equity share capital of the company. The board has fixed May 4, 2000 as the record date for the payment of the aforesaid dividend.

JCT Ltd to consider restructuring proposal

A meeting of the board of directors of JCT Ltd is convened on March 23, 2000 to consider and review the restructuring proposal of business activities/financial liabilities including hive-off of the polyester staple fibre unit of the synthetic fibre division at Hoshiarpur.

Centak Chemicals recommends 33% interim dividend

The board of directors of Centak Chemicals Ltd at its meeting held today (21/03/2000), has recommended an interim dividend of Rs 3.30/- per equity share (33%) of Rs10/- each for the year ended March 31, 2000. The board has fixed April 21, 2000 as the record date for the interim dividend. The board has informed that it does not intend to recommend any further dividend in respect of the year ending March 31,2000.

Gujarat Ambuja denies report of selling ACC stake

Gujarat Ambuja Cements Ltd (GACL) in a clarification made to the BSE has denied the news appearing in a daily newspaper regarding the company selling its 7.2% stake in ACC to Narotam Sekhsaria's private holding company. The company has stated that the report is false and misleading. The company has further clarified that the re is no proposal to sell ACC shares and/or any other shares directly or indirectly to any of the promoters of GACL and/or its associates.

Archies recommends 26% interim dividend

The board of directors of Archies Greetings & Gifts Ltd at its meeting held today (21/03/2000), has recommended an interim dividend at the rate of 26% (Rs 2.60/-).

Global Tele-Systems into JV for laying of Optic Fibre Cable

Global Tele-Systems Ltd (GTL) in consortium with Enron has participated in a bid to lay a state-of-the-art optical fibre cable network in a joint venture with Maharashtra State Electricity Board (MSEB). The new JV anticipates that GTL will hold 20% and Enron 40% of the total equity and the balance 40% will be held by MSEB. The investment by GTL in this venture will be Rs 500 million. GTL believes that the JV wil facilitate GTLs business for :

Engineering, procurement, software, billing, and intellectual property rights support. The company expects revenue to the tune of Rs 3,500 to Rs 5,250 million over eighteen to twenty four month period.
Fibre optic network spanning 1400 to 5000 kilometres range of OFC cable capable of carrying broadband content, text, data and graphics.
GTL expects its existing customer base to utilise the bandwidth providing cost effective and high speed access to various internet applications.

While the MSEB will play a role of a facilitator by providing the right of way along its transmission line infrastructure, the day-to-day management will be the responsibility of the JV. GTL does not expect its financial exposure to exceed Rs 500 million in the project.

Eveready Industries recommends 20% interim dividend

The board of directors of Eveready Industries India Ltd at its meeting held today (21/03/2000), has recommended an interim dividend at the rate of 20% (Rs 2.60/-). The dividend shall be payable to those members whose names appear on the register of members as on April 27, 2000.

Ind-Swift Laboratories to launch new drug Atorvastatin

Ind-Swift Laboratories Ltd has informed the BSE that the company has developed a new drug Atorvastatin which the company plans to launch in the domestic and international market. The company expects that its sales and profitability would get a tremendous boost with the introduction of this product in the market.

BSE shifts eleven scrips from B2 to B1 Group

The BSE has decided to shift the equity shares of the following companies from the (B2) group to (B1) group w.e.f Monday, the 3rd April, 2000.

Cybermate Infotech Limited
Cyberspace Infosys Limited
Datapro Information Limited
Gramaphone Company of India Limited
ICICI MF (Premier)
Indraprastha Medical Corporation Limited
Morgan Stanley MF ( Growth Fund)
Shri MM Softek Limited
SPIC Electronics Systems Limited
SQL Star International Limited
VJIL Consulting Limited

Trading resumed in Anuvin Ind, Dhoot Ind, Elegant Pharma

Members of the BSE were earlier advised not to deal in the securities of the undermentioned companies because of non-compliance of listing requirements regarding intimation of dates of closure of Register of Members/Record Dates to the Exchange. The exchange has now informed the members that dealings in the securities will be resumed with effect from March 21, 2000:

Anuvin Industries Ltd.
Dhoot Industries Ltd.
Elegant Pharmaceuticals Ltd.

Sonata Software to make preferential issue

The board of directors of the company has decided, subject to necessary approvals, to issue equity shares of the company on preferential basis.

Amex Information to be listed on BSE tomorrow

The BSE has informed its members that effective from March 22, 2000 the shares of Amex Information Technologies Ltd will be admitted to dealings on the exchange in the list of Non-Specified securities.

Sifa Trading to make preferential issue

The board of directors of the company has decided as under:

Issue of equity shares not exceeding one crore of Rs.10/- each for cash at par on preferential basis to Bodies Corporate and Individuals, whether existing shareholders or not.
Increase in Authorised Share capital from Rs.50,00,000/- to Rs.15,00,00,000/- and consequent alteration to the MoA and AoA.
Acquisition and/or investment in new business.
Amendment of object clause of MoA of the company by insertion of new sub-clause for business pertaining to sports, amusement, cinema complex's family entertainment centres and allied activities.

Karnataka Financial approves acquisition of software unit

The board of directors of Karnataka Financial Services Ltd at its meeting held on March 20, 2000 has approved the acquisition by investment in a software unit having products and services in a management consultancy unit specialised in software technology.

Gujarat Flourochemicals interim dividend at Rs 3/- per share

The Board of Directors of Gujarat Flourochemicals Ltd at its meeting held on March 18, 2000, has declared an interim dividend of Rs 3/- per share (30%). The dividend shall be paid to those shareholders whose names would appear in the register of members as on April 19, 2000 being the record date fixed for the payment of interim dividend.

Phoenix Mills to consider Rights, preferential issue to FIIs

The Board of Directors of Phoenix Mills Ltd will meet on March 25, 2000 to transact besides others the following business:
(1) To consider and discuss a proposal for a private placement of equity shares to FIIs, to finance the diversification cum expansion project of the company.
(2) To consider and discuss a proposal for a issue of a Rights Shares to the shareholders of the company to finance the diversification cum expansion project of the company.

Shree Neelachal Lab changes name to Neelachal Technologies

Shree Neelachal Laboratories Ltd has informed the BSE that the Registrar of Companies, Cuttack has approved the change of name of the company to Neelachal Technologies Ltd.

Agro Dutch Foods allots shares at Rs 150/- per share

M/s Kanan Foods Inc., USA an Overseas Corporate Body has acquired 1,000,000 equity shares of Agro Dutch Foods Ltd for cash at a premium of Rs 140/- each. The preferential allotment has been made by the Board of Directors at its meeting held on March 18, 2000.

Hindalco Industries to consider Interim Dividend

The Board meeting of Hindalco Industries Ltd is scheduled on March 23, 2000 to consider payment of interim dividend for the year 1999-2000.

Essel Packaging to consider Interim Dividend

The Board of Directors of Essel Packaging Ltd will meet on March 29, 2000 to consider and approve the declaration of interim dividend for the year 1999-2000.

Satyam announces Stock Split into Rs 2/- per share (5-for-1)

The Board of Directors of Satyam Computer Services Ltd at its meeting held today (21/03/2000), has recommended sub-division (stock-split) of each of the existing fully paid up equity share of par value of Rs 10/- each into 5 (five) fully paid up equity shares of par value Rs 2/- per share.

Karnataka Financial approves acquisition of software unit

The Board of Directors of Karnataka Financial Services Ltd at its meeting held on March 20, 2000 has approved the acquisition by investment in a software unit having products and services in a management consultancy unit specialized in software technology.

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