Sensex

Monday, April 25, 2011

Tayo Rolls Ltd: Resumed MBF operations

Tayo Rolls Ltd has informed BSE that the MBF operations of Tayo Rolls Limited which was suspended temporarily w.e.f. August 16, 2010 has now been resumed w.e.f. April 15, 2011.

Numeric Power Systems Ltd: Publish Audited Results

Numeric Power Systems Ltd has informed BSE that the Company will publish Audited Financial Results for the entire year within sixty days of end of the financial year ended 31.03.2011 [i.e. on or before May 30, 2011.

Kpit Cummins Infosystems Ltd: Consolidated Financial Results for Mar 31, 2011

Kpit Cummins Infosystems Ltd has informed BSE about the Consolidated Financial Results for the Quarter & Year ended March 31, 2011.Read More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Procter & Gamble Hygiene and Health Care Ltd: Results Press Release

Procter & Gamble Hygiene and Health Care Ltd has informed BSE about a Results Press Release dated April 25, 2011 titled "Procter & Gamble Hygiene and HealthCare Ltd declares results for the 3rd Quarter ending March 31, 2011"Read More

Hinduja Ventures Ltd: Updates on Scheme of Amalgamation

Hinduja Ventures Ltd has informed BSE that High Court of Judicature at Mumbai has approved the Scheme of Amalgamation of HTMT Telecom Private Limited, with Hinduja Ventures Limited on April 15, 2011, pursuant to Section 391 to 394 of the Companies Act, 1956.

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Kitex Garments Ltd: Financial Results for Mar 31, 2011

Kitex Garments Ltd has informed BSE about the Financial Results for the Year ended March 31, 2011.Read More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Infinite Computer Solutions (India) Ltd: Buy back Offer

SPA Merchant Bankers Ltd ("Manager to the Buyback") on behalf of Infinite Computer Solutions (India) Ltd ("Target Company") has informed this Public Announcement ("PA") to the Equity Shareholders / Beneficial Owners of the equity shares of the Target Company, pursuant to the provisions of Regulation 8(1) read with Regulation 15(c) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time ("Buy-Back Regulations") and contains the disclosure as specified in Schedule II to the Buy-Back Regulations.

The Buy-back Offer & Price:

The Board of Directors (the "Board") of the Target Company at its meeting held on April 11, 2011 has approved the proposal for Buy-back ("the Buy-back") of its own fully paid-up Equity Shares of Rs.10/- each from the existing registered shareholders / beneficial owners of the Equity Shares, other than Promoter, Promoter Group and persons in control of the Company, from the Open market through Stock Exchanges by using the electronic trading facilities of the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE) ("Stock Exchanges"), where the company's equity shares are listed, in accordance with the provisions contained in the Article 35 of the Articles of Association of the Company, Section 77A, 77AA & 77B and other applicable provisions of the Companies Act, 1956 (the "Act") and the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 including amendments made from time to time ("Buy-back Regulations") and subject to approval(s) as may be necessary, from time to time, from statutory authorities including but not limited to Securities and Exchange Board of India ("SEBI"), Stock Exchanges, Reserve Bank of India, etc. as may be required and further subject to such conditions as may be prescribed while granting such approval(s) which may be agreed to by the Board of Directors for an amount upto Rs. 27 crores (Rupees twenty seven crores) ("Maximum Offer Size"). The Maximum Offer Size represents 9.99% of the Company's aggregate paid up equity share capital and free reserves as on December 31, 2010 (the date of latest audited standalone accounts as on the date of Board meeting approving the Buy-Back) which is less than 10% of the paid-up equity share capital and free reserves of the Company.

The Company proposes to Buy Back upto a maximum of 14,00,000 Equity Shares ("Maximum Offer Shares") of
Rs. 10/- each, and a minimum of 3,00,000 Equity Shares ("Minimum Offer Shares") subject to Buy Back price being less than or equal to Rs. 230/- per share (Rupees two hundred thirty only).

The actual number of Shares to be bought back would depend upon the average price paid for the Shares bought back and the amount deployed in Buy-Back in accordance with the resolution passed by the Board of Directors in their meeting held on April 11, 2011. However, total number of shares to be bought back shall not exceed 14,00,000 Equity Shares.

The Company's Equity Shares are fully paid-up and there are no partly paid-up Equity Shares with calls-in-arrears. As required under the Act and Buy-Back Regulations, the Company shall not purchase Equity Shares which are locked in or non-transferable in the Buy-Back till the time they become transferable. There will be no negotiated deals (whether on or off the Stock Exchanges), spot transactions or any other private arrangements in implementation of the Buy-Back.

This offer is only for buy back of Equity Shares and not for other convertible securities (compulsory or optionally) issued by the Company.

The Buy-Back has been approved by the Board of Directors in their meeting held on April 11, 2011.

As per Section 77A of the Companies Act, 1956, the buy back of equity shares in any financial year shall not exceed 25% of the total paid up equity capital of the Company in any financial year.

Proposed Timetable:

Board Meeting approving Buy-Back - April 11, 2011

Date of Public Announcement - April 18, 2011

Date of commencement of Buy-Back - May 02, 2011

Acceptance of Equity Shares - As per relevant payout dates of the Exchange(s)

Verification of Shares Accepted in the Physical Mode - Within 7 days from the Payout day

Extinguishment of Shares - Within 15 days of acceptance of Shares as mentioned above. Further, all the Shares bought back within 7 days of the last date of completion of Buy-Back.

Last Date for the Buy-Back - April 10, 2012 (i.e. 12 months from the date of the approval by Board of Directors) or in case Maximum Offer Shares have been bought back or Maximum Offer Size has reached, whichever is
earlier. However the Board of Directors of the Company reserves the right to decide to close the Buy-Back offer at an earlier date, in the event Minimum Offer Shares have been purchased under the Buy Back even if Maximum Offer size has not been reached or Maximum Offer shares have not been bought back by giving appropriate notice of such date and completing all formalities in this regard as per laws and regulations. All payment obligations in respect of Buy Back shall be completed prior to the last date of the Buy Back.

Specified Date - Not Applicable as the Buy-Back is proposed to be implemented through Stock Exchanges using the electronic trading facilitiesRead More

Malabar Trading Company Ltd: Board recommends Final Dividend

Malabar Trading Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2011, inter alia, has recommended a final dividend @ 1% on equity Shares, i.e. Rs. 0.10 per equity share of the face value of Rs. 10 each for the financial year ended on March 31, 2011. The same shall be payable upon the declaration by the shareholders at the ensuing annual general meeting.

Deepak Nitrite Ltd: Board to consider Dividend

Deepak Nitrite Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 06, 2011, inter alia, to transact the following business:

1. To consider and approve the Audited Annual Accounts for the year ended March 31, 2011.

2. To recommend Dividend on the Equity shares.

Solid Containers Ltd: Reappointment of Manager

Solid Containers Ltd has informed BSE that Mr. Suresh Kumar Suri has been re-appointed as "Manager" of the Company under section 269 of the Companies Act, 1956, subject to the approval of the Members and other approvals, as may be required, for period of three years with effect from April 29, 2011.

Andhra Bank: Updates on Outcome of EGM

Andhra Bank has submitted to BSE a copy of the minutes of the Extra Ordinary General Meeting (EGM) of the Bank held on March 23, 2011.Read More

Transgene Biotek Ltd: Outcome of EGM

Transgene Biotek Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 18, 2011, have given their fresh consent for the allotment of 7,50,000 Equity shares of Rs. 10/- each allotted to Dr. K. Koteswara Rao, Promoter of the company, @ Rs. 80/- per share pursuant to the consent given by the shareholders of the Company at the Extra-ordinary General Meeting held on June 18, 2008 against the interest free unsecured loans brought in by him and his family.

Malabar Trading Company Ltd: Financial Results for Mar 31, 2011

Malabar Trading Company Ltd has informed BSE about the Financial Results for the Quarter & Year ended March 31, 2011.Read More

Tayo Rolls Ltd: Commercial production of Forge Shop/Induction Hardening Shop

Tayo Rolls Ltd has informed BSE that the commercial production of Forge Shop/Induction Hardening Shop of Tayo Rolls Limited has commenced from March 30, 2011.

BOSS Securities Ltd: Appointment of Additional Director

BOSS Securities Ltd has informed BSE that Mr. Ch. Krishnaiah appointed as additional Director of the Company in the Board of Directors meeting held on April 05, 2011.

The Board has also reconsidered the matter of forfeiture of partly paid up shares of the Company and decided to issue one more final opportunity to the partly paid shareholders of the Company for payment of balance amount.

Sri Ramakrishna Mills Coimbatore Ltd: Publish Audited Results

Sri Ramakrishna Mills Coimbatore Ltd has informed BSE that the Company propose to consider the Audited Financial Results for the year ended March 31, 2011 within sixty days of the end of the financial year 2010-11 (i.e.) on or before May 31, 2011.

Gopal Iron & Steels Company Gujarat Ltd: Publish Audited Results

Gopal Iron & Steels Company Gujarat Ltd has informed BSE that the Company shall publish audited results for the year ended March 31, 2011 on or before May 31, 2011 instead of publishing unaudited results.

Gopal Iron & Steels Company Gujarat Ltd: Disclosure of Pledged Shares

Gopal Iron & Steels Company Gujarat Ltd has informed BSE that the promoters and for promoters group have not pledged any of the equity shares held by them in the company as on March 31, 2011.

Mahindra & Mahindra Financial Services Ltd: Fixes Book Closure for Dividend & AGM

Mahindra & Mahindra Financial Services Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 09, 2011 to July 29, 2011 (both days inclusive) for the purpose of Payment of Dividend & 21st Annual General Meeting (AGM) of the Company to be held on July 29, 2011.

The dividend on Equity Shares, if declared at the ensuing Annual General Meeting to be held on July 29, 2011, will be credited / dispatched between July 30, 2011 and August 08, 2011 to those Members whose names appear on the Company's Register of Members and to the beneficial owners as per the particulars to be furnished by the Depositories as on close of the Business hours on July 08, 2011.

PTC India Ltd: Appointmen of Director

PTC India Ltd has informed BSE that Shri. Dipak Chatterjee has joined PTC Board w.e.f. April 15, 2011 as an independent Director. He is an ex-IAS officer and has worked as Secretary to the Government of India.

Advanced Micronic Devices Ltd: Publish Audited Results

Advanced Micronic Devices Ltd has informed BSE that the Company will publish the Audited Results of the Company for the accounting year ended March 31, 2011 within the prescribed period. Therefore, the quarterly result for the last quarter ended March 31, 2011 will not be published within the stipulated period from the close of the quarter.

Ganon Trading & Finance Company Ltd: Publish Audited Results

Ganon Trading & Finance Company Ltd has informed BSE that the Company proposes to publish Audited Financial Results for the year ended March 31, 2011 within 45 days from the Financial Year ended March 31, 2011 i.e. on or before May 15, 2011.

Indiabulls Power Ltd: Earnings update

Indiabulls Power Ltd has submitted to BSE a copy of the Earnings update of Indiabulls Power Limited. (the
Company) for the year ended March 31, 2011.Read More

Clarus Finance & Securities Ltd: Equity Shareholders to approve Scheme of Amalgamation / Merger

Clarus Finance & Securities Ltd has informed BSE that pursuant to the order dated April 08, 2011 read with order dated April 21, 2011 of the Hon'ble High Court of Bombay; an Extra Ordinary General Meeting of the members of the Company will be held on May 16, 2011 at 11 A.M. at Pranjali School Auditorium, Ground floor, 155/157, August Kranti Marg, next to Stephens Church, Kemps Corner, Mumbai - 400036 for the purpose of considering and approving the scheme of amalgamation / merger of M/s. Scan Steels Ltd with M/s. Clarus Infrastructure Realties Ltd.

S.E. Investments Ltd: No payment of Stamp Duty on Increased Authorise Share Capital

S.E. Investments Ltd has informed BSE about No payment of Stamp Duty on Increased Authorise Share Capital by the Company as per the Order dated April 21, 2011 by the High Court of Delhi at New Delhi.Read More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg. 7(3) of SEBI (SAST) Regulations, 1997

Magma Fincorp Ltd has submitted the disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg. 7(3) of SEBI (SAST) Regulations, 1997

Magma Fincorp Ltd has submitted the disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSERead More

AksharChem India Ltd: Open Offer

Vivro Financial Services Pvt Ltd ("Manager to the Offer") on behalf of Mrs. Paru M Jaykrishna, Mr. Gokul M Jaykrishna & Mr. Munjal M Jaykrishna ("Acquirers") has informed this Public Announcement ("PA") to the Shareholders of AksharChem India Ltd ("Target Company"), pursuant to regulation 11(2) & other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("Regulations" or "SEBI (SAST) Regulations, 1997") and subsequent amendments thereto.

The Offer:

The Acquirers are making this offer under Regulation 11(2) of the Regulations to the public shareholders of the Target Company (other than the existing Promoters & Promoter Group of the Target Company) to acquire 9,90,570 fully paid-up Equity Shares of Rs. 10/- each representing 20% of the Post Issue Voting equity Share Capital (Post Preferential Issue) of the Target Company, at a price of Rs. 18.50 per fully paid-up equity Share ("Offer Price"), payable in cash subject to the terms & conditions mentioned in PA.

Schedule of Activities:

Specified Date - May 13, 2011

Date of Opening of the Offer - June 11, 2011

Date of Closing of the Offer - June 30, 2011Read More

Mahindra & Mahindra Financial Services Ltd: Outcome of Board Meeting

Mahindra & Mahindra Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2011, inter alia, has pursuant to the approval of the Remuneration/Compensation Committee of the Board and subject to the approval of the Members by a Special Resolution to be obtained at the forthcoming Annual General Meeting (AGM) of the Company re-appointed Mr. Ramesh Iyer as the Managing Director of the Company for a period of 5 years with effect from April 30, 2011. The Board has also approved the commission payable to the Non-Whole-time Directors of the Company, subject to approval of the Members by a Special Resolution at the said AGM.

The Company has further informed that the Board at the said Meeting, has subject to the approval of the shareholders to be obtained by means of the Postal Ballot in accordance with Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, approved of the increase in the borrowing limits from Rs.15,000 crores to Rs.20,000 crores, in order to further expand its business and to meet its increased financial needs and has fixed 6th May, 2011 as the cut off date for ascertaining the list of the shareholders to whom Postal Ballot Notice and Postal Ballot Form will be sent and also for reckoning the voting rights.

The results of the Postal Ballot will be declared on or before June 14, 2011 at the Corporate Office of the Company, situated at Mahindra Towers, P. K. Kurne Chowk, Worli, Mumbai, 400 018.

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Magma Fincorp Ltd: Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992

Magma Fincorp Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSERead More

Sesa Goa Ltd: Fixes Book Closure for Dividend

Sesa Goa Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 05, 2011 to July 07, 2011 (both days inclusive) for the purpose of Dividend

Oberoi Realty Ltd: FY 11 results on May 04, 2011

Oberoi Realty Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 04, 2011, inter alia, to consider, approve and take on record the audited financial results of the company for the entire financial year ended March 31, 2011 & recommendation of dividend for the financial year ended March 31, 2011, if any to be paid subject to shareholders approval in the ensuing Annual General Meeting.

Sesa Goa Ltd: Announces Q4 & FY11 results

Sesa Goa Ltd has announced the following results for the quarter & year ended March 31, 2011:

The Unaudited results for the Quarter ended March 31, 2011

The Company has posted a net profit of Rs 12103.80 million for the quarter ended March 31, 2011 where as the same was at Rs 9643.30 million for the quarter ended March 31, 2010. Total Income is Rs 32407.30 million for the quarter ended March 31, 2011 where as the same was at Rs 19252.50 million for the quarter ended March 31, 2010.

The Audited results for the Year ended March 31, 2011

The Company has posted a net profit of Rs 34328.00 million for the year ended March 31, 2011 where as the same was at Rs 21180.90 million for the year ended March 31, 2010. Total Income is Rs 80082.80 million for the year ended March 31, 2011 where as the same was at Rs 49478.70 million for the year ended March 31, 2010.

The Consolidated Results are as follows:

The Unaudited consolidated results for the Quarter ended March 31, 2011

The Group has posted a net profit after minority interest of Rs 14617.60 million for the quarter ended March 31, 2011 as compared to Rs 12128.70 million for the quarter ended March 31, 2010. Total Income has increased from Rs 24925.50 million for the quarter ended March 31, 2010 to Rs 37926.30 million for the quarter ended March 31, 2011.

The Audited consolidated results for the Year ended March 31, 2011

The Group has posted a net profit after minority interest of Rs 42224.50 million for the year ended March 31, 2011 as compared to Rs 26291.30 million for the year ended March 31, 2010. Total Income has increased from Rs 61623.50 million for the year ended March 31, 2010 to Rs 97450.10 million for the year ended March 31, 2011.


Pursuant to the scheme of amalgamation approved by the Hon'ble Supreme Court of India vide its order dated February 07, 2011 by setting aside the judgement dated February 21, 2009 delivered by a Division Bench of the High Court of Bombay at Goa and restoring the Judgement of the learned single Judge dated December 18, 2008, the entire undertaking and business of the subsidiary, Sesa Industries Ltd (SIL) stand transferred to and vests with Sesa Goa Ltd from the appointed date April 01, 2005. Consequently the figures of the Pig Iron segment for the full year ended March 31, 2011 were incorporated in the company's results in the quarter ended March 31, 2011. The figures for the quarter and year ended March 31, 2011 are therefore not comparable with those of the corresponding quarter and year of the previous period on stand alone basis.Read More

Sesa Goa Ltd: Board recommends Dividend

Sesa Goa Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2011, inter alia, has recommended a Dividend of Rs. 3. 50 per equity share for the year 2010-2011. The payment is subject to the approval of the shareholders in its Annual General Meeting which will be held on July 21, 2011 and the Dividend shall be paid/ dispatched on or before the due date, i.e. August 19, 2011.

Religare Enterprises Ltd: Allotment of Equity Shares under ESOS

Religare Enterprises Ltd has informed BSE that the Share Allotment Committee of Board of Directors of the Company, in its meeting held on April 25, 2011, has allotted 28,340 Equity Shares of the Company on exercise of stock options under the Employees Stock Option Scheme 2006 (ESOS). The paid up Equity Share Capital of the Company post allotment is 13,94,62,834 Equity Shares of Rs. 10/- each aggregating Rs. 139,46,28,340/-.

Piramal Glass Ltd: Board to Consider Dividend

Piramal Glass Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2011, inter alia, to consider and approve the Audited Financial Results (Consolidated & Standalone) for the financial year ended March 31, 2011 & recommendation of dividend if any on equity shares for the said financial year.

Indiabulls Securities Ltd: Financial Results for March 31, 2011

Indiabulls Securities Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More

Nandan Exim Ltd: Board Meeting on May 04, 2011

Nandan Exim Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 04, 2011, inter alia, to consider and approve the following business:

1. To consider and approve the Un-audited Financial (Provisional) Results for the 4th Quarter ended on March 31, 2011.

2. To consider and discuss the various sources to raise funds for the expansion / diversification / new project and to analyze and consider the same by the board regarding the various possibilities for raising the funds for the expansion / diversification / new project.

3. To consider the strategic investment in textile related Companies for the growth and future plan of business of the Company.

Agarwal Holdings Ltd: EGM on May 16, 2011

Agarwal Holdings Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on May 16, 2011.Read More

Procter & Gamble Hygiene and Health Care Ltd: Financial Results for March 31, 2011

Procter & Gamble Hygiene and Health Care Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More