GeeCee Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has transacted the following:
1. Board of Directors has recommended a dividend @ 15% i.e. Re. 1.50/- per share of Rs. 10/- each on 20626543 Equity Shares for the financial year 2010-11, subject to approval of members.
2. Re-appointment of Statutory Auditors was considered and recommended for the approval of the Shareholders.
3. Re-appointment of Shri V. P. Biyani & Shri Rakesh Khanna as Directors, who are liable to retire by rotation was considered and recommended for the approval of Shareholders.
4. Board of Directors has considered for addition to the Main Object of the Company the Business of Real Estate Development and NBFC subject to the approval of the shareholder.
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Thursday, May 26, 2011
Mphasis Ltd: Announces Q2 results
Mphasis Ltd has announced the following results for the quarter ended April 30, 2011:
The Audited results for the Quarter ended April 30, 2011
The Company has posted a net profit after tax of Rs 2192.90 million for the quarter ended April 30, 2011 as compared to Rs 2631.00 million for the quarter ended April 30, 2010. Total Income has decreased from Rs 10075.90 million for the quarter ended April 30, 2010 to Rs 8594.70 million for the quarter ended April 30, 2011.
The Consolidated Results are as follows:
The Audited consolidated results for the Quarter ended April 30, 2011
The Group has posted a net profit after tax of Rs 2173.20 million for the quarter ended April 30, 2011 as compared to Rs 2672.80 million for the quarter ended April 30, 2010. Total Income has increased from Rs 12321.40 million for the quarter ended April 30, 2010 to Rs 12929.60 million for the quarter ended April 30, 2011.Read More
The Audited results for the Quarter ended April 30, 2011
The Company has posted a net profit after tax of Rs 2192.90 million for the quarter ended April 30, 2011 as compared to Rs 2631.00 million for the quarter ended April 30, 2010. Total Income has decreased from Rs 10075.90 million for the quarter ended April 30, 2010 to Rs 8594.70 million for the quarter ended April 30, 2011.
The Consolidated Results are as follows:
The Audited consolidated results for the Quarter ended April 30, 2011
The Group has posted a net profit after tax of Rs 2173.20 million for the quarter ended April 30, 2011 as compared to Rs 2672.80 million for the quarter ended April 30, 2010. Total Income has increased from Rs 12321.40 million for the quarter ended April 30, 2010 to Rs 12929.60 million for the quarter ended April 30, 2011.Read More
Orient Ceramics and Industries Ltd: Financial Results for Mar 31, 2011
Orient Ceramics and Industries Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Muthoot Finance Ltd: Results Press Release
Muthoot Finance Ltd has submitted to BSE a copy of Highlights of Performance - Financial Year 2010-11".Read More
Reliance Industries Ltd: Allotment of Equity Shares
Reliance Industries Ltd has informed BSE that the Company has allotted 2,23,887 equity shares of Rs.10/- each, on May 23, 2011, pursuant to the Employees Stock Option Scheme.
Gujarat State Petronet Ltd: Board recommends Dividend
Gujarat State Petronet Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has transacted the following:
1. The Board recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%) for the financial year 2010-11.
2. The Board approved allotment of 31,707 Equity Shares under Employees Stock Option Scheme - 2005 (ESOP - 2005) consequent to which the paid up Share Capital of the Company has increased from Rs. 5,625,824,680 to Rs. 5,626,141,750.
1. The Board recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%) for the financial year 2010-11.
2. The Board approved allotment of 31,707 Equity Shares under Employees Stock Option Scheme - 2005 (ESOP - 2005) consequent to which the paid up Share Capital of the Company has increased from Rs. 5,625,824,680 to Rs. 5,626,141,750.
HCL Technologies Ltd: ESOP Allotment on May 26, 2011
HCL Technologies Ltd has informed BSE that the Employees Stock Option Allotment Committee of the Company has on May 26, 2011 allotted 2,54,020 Equity Shares of Rs. 2/- each, under the 1999, 2000 and 2004 Stock Option Plans of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone upto 687,716,596 equity shares of Rs. 2/- each aggregating to Rs. 137,54,33,192/-.
Elecon Engineering Company Ltd: Results Press Release
Elecon Engineering Company Ltd has submitted to BSE a copy of Press Note as on the date of Board Meeting i.e. May 24, 2011 on the performance of Elecon Engineering Company Ltd.Read More
Ipca Laboratories Ltd: Results Press Release
Ipca Laboratories Ltd has informed BSE regarding a Press Release titled "Ipca Laboratories FY 2010-11 Audited Results".
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Tilaknagar Industries Ltd: Board recommends Final Dividend
Tilaknagar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has:
1. Recommended a final dividend of Rs. 0.80 per equity share of Rs. 10/- each for the financial year 2010-11 which shall be paid on or before September 15, 2011 subject to the approval of the Members at the ensuing Annual General Meeting to be held on September 08, 2011.
2. Approved the allotment of 24,590 equity shares to option grantees under ESOP Scheme, 2008 pursuant to exercise of vested stock options.
1. Recommended a final dividend of Rs. 0.80 per equity share of Rs. 10/- each for the financial year 2010-11 which shall be paid on or before September 15, 2011 subject to the approval of the Members at the ensuing Annual General Meeting to be held on September 08, 2011.
2. Approved the allotment of 24,590 equity shares to option grantees under ESOP Scheme, 2008 pursuant to exercise of vested stock options.
INOX Leisure Ltd: Financial Results for Mar 31, 2011
INOX Leisure Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Elecon Engineering Company Ltd: Change in Directorates
Elecon Engineering Company Ltd has informed BSE that :
- Shri Prayavin B. Patel has been re-appointed as Chairman and Managing Director for a period of three years w.e.f. July 01, 2011 subject to the approval of the members in Annual General Meeting.
- Shri Prashant C. Amin has been appointed as an Executive Director for a period of three years w.e.f. June 01, 2011 subject to the approval of the members in Annual General Meeting.
- Shri Prayavin B. Patel has been re-appointed as Chairman and Managing Director for a period of three years w.e.f. July 01, 2011 subject to the approval of the members in Annual General Meeting.
- Shri Prashant C. Amin has been appointed as an Executive Director for a period of three years w.e.f. June 01, 2011 subject to the approval of the members in Annual General Meeting.
INOX Leisure Ltd: Outcome of Board Meeting
INOX Leisure Ltd has informed BSE that the Board Meeting of the Company held on May 26, 2011, Mr. Amit Jatia, has been appointed as an Independent Director of the Company with immediate effect. Mr. Amit Jatia is also appointed as a Member of the Audit Committee and Compensation Committee.
Som Datt Finance Corporation Ltd: Board recommends Dividend
Som Datt Finance Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended dividend at Rs. 1/- per share of Rs. 10 each, to the Equity Shareholders of the Company at March 31, 2011.
Mandhana Industries Ltd: Results Press Release
Mandhana Industries Ltd has informed BSE regarding a Press Release titled "Mandhana Industries net for the year jumps 53.80%, revenue up 33.96%".
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Ahmednagar Forgings Ltd: Change in Compliance Officer
Ahmednagar Forgings Ltd has informed BSE that Ms. Divya Pandita has joined the Company as Company Secretary in place of Mr. Prabhjot Singh Ahluwalia. Henceforth Ms. Divya Pandita will act as Compliance Officer of the Company.
Simran Farms Ltd: Financial Results for Mar 31, 2011
Simran Farms Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Engineers India Ltd: Outcome of Board Meeting
Engineers India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has approved the appointment of M/s. Karvy Computershare Pvt. Ltd. as Registrar and Share Transfer Agent of the Company w.e.f. July 01, 2011.
Shriram City Union Finance Ltd: Financial Results for Mar 31, 2011
Shriram City Union Finance Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Igarashi Motors India Ltd: Financial Results for Mar 31, 2011
Igarashi Motors India Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
VA Tech Wabag Ltd: Financial Results for Mar 31, 2011
VA Tech Wabag Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Relaxo Footwears Ltd: Financial Results for Mar 31, 2011
Relaxo Footwears Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Agre Developers Ltd: Financial Results for Mar 31, 2011
Agre Developers Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Chandni Textiles Engineering Industries Ltd: Result of Postal Ballot
Chandni Textiles Engineering Industries Ltd has informed BSE regarding "Result of Postal Ballot conducted pursuant to Section 192A of the Companies Act."Read More
VA Tech Wabag Ltd: Board recommend Dividend & Sub-Division of Shares
VA Tech Wabag Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has transacted the following:
1. The Directors have recommended dividend of Rs. 10/- (Rupees Ten only) per Equity Share of Rs. 5/- each (i.e. 200%) on the paid up equity capital of the Company.
2. The Board of Directors have also approved a proposal to sub-divide each ordinary (Equity) share of face value of Rs. 5/- each fully paid up in the Equity share capital of the Company into face value of Rs. 2/- each fully paid up.
3. Appointed Mr. Rajiv Balakrishnan as the Company Secretary & Compliance Officer of the Company, effective
from June 01, 2011. Consequent to this, Mr. S. Ramasundaram will cease to be the Company Secretary & Compliance Officer of the Company, effective from May 31, 2011.
1. The Directors have recommended dividend of Rs. 10/- (Rupees Ten only) per Equity Share of Rs. 5/- each (i.e. 200%) on the paid up equity capital of the Company.
2. The Board of Directors have also approved a proposal to sub-divide each ordinary (Equity) share of face value of Rs. 5/- each fully paid up in the Equity share capital of the Company into face value of Rs. 2/- each fully paid up.
3. Appointed Mr. Rajiv Balakrishnan as the Company Secretary & Compliance Officer of the Company, effective
from June 01, 2011. Consequent to this, Mr. S. Ramasundaram will cease to be the Company Secretary & Compliance Officer of the Company, effective from May 31, 2011.
Techtran Polylenses Ltd: Outcome of Board Meeting
Techtran Polylenses Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, convened 24th Annual General Meeting on June 27, 2011, Monday at 3.30 P.M. Sri Anupama the Royal, Padmavathi Towers, N.H.9, Nizampet, "X" Roads, Kukatpally, Hyderabad - 500072.
Shriram City Union Finance Ltd: Board recommends Final Dividend
Shriram City Union Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held May 26, 2011, inter alia, have recommended a final dividend of Rs. 3.5 per equity share (35%), subject to approval of the shareholders at their ensuing Annual General Meeting of the Company.
ABG Shipyard Ltd: Received Industrial Licenses for Design and Construction of Naval Warship and Naval Support Ships etc.
ABG Shipyard Ltd has informed BSE that Ministry of Commerce & industry has awarded industrial Licenses for Design & Construction of Defence ships to the Company. The Company are qualified for building:
1. Naval Warships and Naval Support Ships etc.
2. Submarines and Underwater Vessels.
3. Fast attack Crafts,
4. Weapons and Equipment including their Mounts, turrets, launchers, etc. along with associated systems, sub-systems and all types of assemblies for Navy, Army and the Air Force.
5. Command Control Communication Computers and intelligence (C41) systems, Sub-systems, etc. for the Navy, Army and the Air Force.
6. Propulsion system, Subsystems etc. for Naval Ships.
The said licenses are issued for the Surat as well Dahej shipyards of the Company.
ABG is one of the few yards that are being approved for submarine production as well.
This open a major opportunity for Defence shipbuilding in India, which is the one of the long term objective.
1. Naval Warships and Naval Support Ships etc.
2. Submarines and Underwater Vessels.
3. Fast attack Crafts,
4. Weapons and Equipment including their Mounts, turrets, launchers, etc. along with associated systems, sub-systems and all types of assemblies for Navy, Army and the Air Force.
5. Command Control Communication Computers and intelligence (C41) systems, Sub-systems, etc. for the Navy, Army and the Air Force.
6. Propulsion system, Subsystems etc. for Naval Ships.
The said licenses are issued for the Surat as well Dahej shipyards of the Company.
ABG is one of the few yards that are being approved for submarine production as well.
This open a major opportunity for Defence shipbuilding in India, which is the one of the long term objective.
Punjab Alkalies & Chemicals Ltd: Financial Results for Mar 31, 2011
Punjab Alkalies & Chemicals Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Relaxo Footwears Ltd: Board recommends Dividend
Relaxo Footwears Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended a dividend @ 20% i.e. Re. 1.00 per share subject to the shareholders at the forthcoming Annual General Meeting. This along with the interim dividend of Re. 0.50 per share works out to total dividend of Rs. 1.50 per share for the year 2010-2011.
Centum Electronics Ltd: Financial Results for Mar 31, 2011
Centum Electronics Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Talbros Automotive Components Ltd: Financial Results for Mar 31, 2011
Talbros Automotive Components Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Core Projects & Technologies Ltd: Announces Q4 & FY11 results
Core Projects & Technologies Ltd has announced the following results for the quarter & year ended March 31, 2011:
The Audited results for the Quarter ended March 31, 2011
The Company has posted a net profit of Rs 517.113 million for the quarter ended March 31, 2011 as compared to Rs 266.246 million for the quarter ended March 31, 2010. Total Income has increased from Rs 1138.811 million for the quarter ended March 31, 2010 to Rs 1592.424 million for the quarter ended March 31, 2011.
The Audited results for the Year ended March 31, 2011
The Company has posted a net profit of Rs 1237.012 million for the year ended March 31, 2011 as compared to Rs 1118.429 million for the year ended March 31, 2010. Total Income has increased from Rs 4265.298 million for the year ended March 31, 2010 to Rs 5298.517 million for the year ended March 31, 2011.
The Consolidated Results are as follows:
The Audited consolidated results for the Quarter ended March 31, 2011
The Group has posted a net profit of Rs 702.761 million for the quarter ended March 31, 2011 as compared to Rs 547.576 million for the quarter ended March 31, 2010. Total Income has increased from Rs 2393.667 million for the quarter ended March 31, 2010 to Rs 3002.533 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 of Rs 2250.108 million for the year ended March 31, 2011 as compared to Rs 1722.239 million for the year ended March 31, 2010. Total Income has increased from Rs 8559.184 million for the year ended March 31, 2010 to Rs 11068.046 million for the year ended March 31, 2011.Read More
The Audited results for the Quarter ended March 31, 2011
The Company has posted a net profit of Rs 517.113 million for the quarter ended March 31, 2011 as compared to Rs 266.246 million for the quarter ended March 31, 2010. Total Income has increased from Rs 1138.811 million for the quarter ended March 31, 2010 to Rs 1592.424 million for the quarter ended March 31, 2011.
The Audited results for the Year ended March 31, 2011
The Company has posted a net profit of Rs 1237.012 million for the year ended March 31, 2011 as compared to Rs 1118.429 million for the year ended March 31, 2010. Total Income has increased from Rs 4265.298 million for the year ended March 31, 2010 to Rs 5298.517 million for the year ended March 31, 2011.
The Consolidated Results are as follows:
The Audited consolidated results for the Quarter ended March 31, 2011
The Group has posted a net profit of Rs 702.761 million for the quarter ended March 31, 2011 as compared to Rs 547.576 million for the quarter ended March 31, 2010. Total Income has increased from Rs 2393.667 million for the quarter ended March 31, 2010 to Rs 3002.533 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 of Rs 2250.108 million for the year ended March 31, 2011 as compared to Rs 1722.239 million for the year ended March 31, 2010. Total Income has increased from Rs 8559.184 million for the year ended March 31, 2010 to Rs 11068.046 million for the year ended March 31, 2011.Read More
Core Projects & Technologies Ltd: Board recommends Dividend
Core Projects & Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has approved the following:
1. Recommended payment of dividend for the financial year 2010-2011, @ 30% i.e. Rs. 0.60 per equity share of Rs. 2/- each.
2. Appointment of Prof. Arun Nigavekar, as Executive Director of the Company, subject to approval of shareholders.
3. Appointment of Mr. K. C. Ganjwal, former member of Company Law Board as additional Indenpendent Director of the Company.
4. Conducting of postal ballot for seeking approval of shareholders for the following events:
i. Alternation of Memorandum of Association of the Company.
ii. Alternation of Articles of Association of the Company.
5. Appointment of Mr. Pradeep Purwar, as scrutinizer, for conducting postal ballot voting process in fair manner.
1. Recommended payment of dividend for the financial year 2010-2011, @ 30% i.e. Rs. 0.60 per equity share of Rs. 2/- each.
2. Appointment of Prof. Arun Nigavekar, as Executive Director of the Company, subject to approval of shareholders.
3. Appointment of Mr. K. C. Ganjwal, former member of Company Law Board as additional Indenpendent Director of the Company.
4. Conducting of postal ballot for seeking approval of shareholders for the following events:
i. Alternation of Memorandum of Association of the Company.
ii. Alternation of Articles of Association of the Company.
5. Appointment of Mr. Pradeep Purwar, as scrutinizer, for conducting postal ballot voting process in fair manner.
Core Projects & Technologies Ltd: Fixes Book Closure for Dividend & AGM
Core Projects & Technologies Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 04, 2011 to August 11, 2011 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on August 11, 2011.
Tilaknagar Industries Ltd: Financial Results for Mar 31, 2011
Tilaknagar Industries Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Simran Farms Ltd: Board recommends Dividend
Simran Farms Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended a dividend of Re. 1/- per share (10%), subject to the approval of shareholders.
Centum Electronics Ltd: Board recommends Dividend
Centum Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended a dividend of Re. 1/- (Rupee One only) per equity share on the paid up capital of the Company.
It has been decided to convene the 18th Annual General Meeting of the Company on August 09, 2011 and the payment of the above mentioned dividend, subject to the approval of the shareholders shall be made on September 06, 2011.
It has been decided to convene the 18th Annual General Meeting of the Company on August 09, 2011 and the payment of the above mentioned dividend, subject to the approval of the shareholders shall be made on September 06, 2011.
Talbros Automotive Components Ltd: Board recommends Dividend
Talbros Automotive Components Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, have recommended for approval by members, payment of dividend on equity shares of Rs. 10/- each @ Rs. 1.20 per equity share (12%) for the financial year ended on March 31, 2011, on the entire paid up share capital of 12345630 shares aggregating to Rs. 1,48,14,756/-. The dividend, if approval by the shareholders will be paid on or after September 10, 2011.
Core Projects & Technologies Ltd: Outcome of Shareholders & Investors Grievance Committee Meeting
Core Projects & Technologies Ltd has informed BSE that at the Meeting of the shareholders & Investors Grievance Committee held on May 26, 2011, have approved the following:
Allotment of 7,777 equity shares of Rs. 2/- each to the employee of subsidiary Company under CORE Employee stock Option Scheme, 2007.
The paid up Share Capital of the Company post this allotment will be Rs. 22,09,39,536/- comprising 11,04,69,768 Equity Shares of Rs. 2/- each.
Allotment of 7,777 equity shares of Rs. 2/- each to the employee of subsidiary Company under CORE Employee stock Option Scheme, 2007.
The paid up Share Capital of the Company post this allotment will be Rs. 22,09,39,536/- comprising 11,04,69,768 Equity Shares of Rs. 2/- each.
Tilaknagar Industries Ltd: Investor Presentation
Tilaknagar Industries Ltd has submitted to BSE a copy of Q4 - FY 2011 - Investor Presentation.Read More
Bengal & Assam Company Ltd: Financial Results for Mar 31, 2011
Bengal & Assam Company Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
Agre Developers Ltd: Outcome of Board Meeting
Agre Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has transacted the following:
1. The Board took on record the plans of the company to strengthen its presence in real estate development and expand into infra logistics, wholesale markets in addition to strengthening its presence in retail infrastructure, mall management and project management. The board approved strategic plans for the company to set up logistics parks and whole sale markets with a focus on the top eight cities in the country.
2. With a view to strengthen its asset base and financials of the Company and presence in retail infrastructure and real estate development the Board considered and approved a Scheme of Arrangement with Future Realtors (India) Private Ltd ('FRIPL'), Prudent Vintrade Private Ltd ('Prudent') and AIGL Holdings Pvt Ltd ('AIGL') and their respective shareholders and creditors (Scheme), and further subject to approval of High Court and such other regulatory approvals as may be necessary, to merge FRIPL, Prudent and AIGL with the company.
FRIPL through its subsidiaries and associate companies is engaged in the business of development and leasing of retail real estate properties and development of integrated townships in India. Currently FRIPL has ready leased and under development retail assets of 0.8 mn sq ft and 0.3 inn sq ft leasable area respectively.
Prudent and AIGL through their subsidiaries and associate companies hold 23% of the equity of Riverbank Developers Private Ltd, a special purpose vehicle that is developing an integrated township called Calcutta Riverside at Batanagar in Kolkata. This township is spread over an area of 262 acres and has been promoted by the Hiland and Belani Groups in joint venture along with Kolkata Metropolitan Development Authority.
For arriving at the exchange ratio, the Board has been advised by Enam Securities Pvt Ltd (who had been appointed as transaction advisors & Valuers) and Singhi & Co, Chartered Accountants (who had been appointed as the Valuers). Based on the valuation reports, the Board considered and proposed the exchange ratio under the Scheme and accordingly shareholders of FRIPL, Prudent and AIGL will receive 0.9499, 22.8112 and 804.3096 equity shares of Rs. 10 each respectively in Company for every equity share of Rs. 10 each held in FRIPL, Prudent and AIGL respectively. The scheme of arrangement will be subject to approval from the Hon'ble High Court of Bombay and other regulatory authorities as may be applicable.
1. The Board took on record the plans of the company to strengthen its presence in real estate development and expand into infra logistics, wholesale markets in addition to strengthening its presence in retail infrastructure, mall management and project management. The board approved strategic plans for the company to set up logistics parks and whole sale markets with a focus on the top eight cities in the country.
2. With a view to strengthen its asset base and financials of the Company and presence in retail infrastructure and real estate development the Board considered and approved a Scheme of Arrangement with Future Realtors (India) Private Ltd ('FRIPL'), Prudent Vintrade Private Ltd ('Prudent') and AIGL Holdings Pvt Ltd ('AIGL') and their respective shareholders and creditors (Scheme), and further subject to approval of High Court and such other regulatory approvals as may be necessary, to merge FRIPL, Prudent and AIGL with the company.
FRIPL through its subsidiaries and associate companies is engaged in the business of development and leasing of retail real estate properties and development of integrated townships in India. Currently FRIPL has ready leased and under development retail assets of 0.8 mn sq ft and 0.3 inn sq ft leasable area respectively.
Prudent and AIGL through their subsidiaries and associate companies hold 23% of the equity of Riverbank Developers Private Ltd, a special purpose vehicle that is developing an integrated township called Calcutta Riverside at Batanagar in Kolkata. This township is spread over an area of 262 acres and has been promoted by the Hiland and Belani Groups in joint venture along with Kolkata Metropolitan Development Authority.
For arriving at the exchange ratio, the Board has been advised by Enam Securities Pvt Ltd (who had been appointed as transaction advisors & Valuers) and Singhi & Co, Chartered Accountants (who had been appointed as the Valuers). Based on the valuation reports, the Board considered and proposed the exchange ratio under the Scheme and accordingly shareholders of FRIPL, Prudent and AIGL will receive 0.9499, 22.8112 and 804.3096 equity shares of Rs. 10 each respectively in Company for every equity share of Rs. 10 each held in FRIPL, Prudent and AIGL respectively. The scheme of arrangement will be subject to approval from the Hon'ble High Court of Bombay and other regulatory authorities as may be applicable.
Mphasis Ltd: Results Press Release
Mphasis Ltd has informed BSE regarding a Press Release dated May 26, 2011 titled "Mphasis Consolidated Results for the Quarter Ended April 30, 2011".Read More
Bhansali Engineering Polymers Ltd: Board recommends Dividend
Bhansali Engineering Polymers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has considered and approved the followings:
1. Appointed Mr. D. N. Mishra as Company Secretary & AVP Legal and also the Compliance Officer of Company in place of existing Compliance Officer Ms. Shailaja Karkera.
2. Approved Expansion Project for enhancing the overall manufacturing capacity of ABS & SAN of company at its Abu Road and Satnoor Units from existing 51,000 TPA to 1,25,000 TPA by March-2013.
3. Recommended a Dividend of 10% on the equity share capital of Company for the Financial year ended March 31, 2011 subject to approval of members in ensuing AGM of company.
1. Appointed Mr. D. N. Mishra as Company Secretary & AVP Legal and also the Compliance Officer of Company in place of existing Compliance Officer Ms. Shailaja Karkera.
2. Approved Expansion Project for enhancing the overall manufacturing capacity of ABS & SAN of company at its Abu Road and Satnoor Units from existing 51,000 TPA to 1,25,000 TPA by March-2013.
3. Recommended a Dividend of 10% on the equity share capital of Company for the Financial year ended March 31, 2011 subject to approval of members in ensuing AGM of company.
Bengal & Assam Company Ltd: Board recommends Dividend
Bengal & Assam Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended for declaration at the Annual General Meeting a dividend of Rs. 4 per share i.e. 40% on the 86,83,553 Equity Share of Rs. 10 each for the Financial year ended March 31, 2011. If approved at the Annual General Meeting the dividends will absorb Rs. 347.34 lacs.
Orient Ceramics and Industries Ltd: Board recommends Dividend
Orient Ceramics and Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended a dividend of Rs. 2/- per share (face value of Rs. 10/-) for the financial year ended on March 31, 2011 subject to the approval of shareholders at forthcoming Annual General Meeting. The total outgo will be Rs. 245.58 Lacs in this respect.
Trend Electronics Ltd: Board recommends Dividend
Trend Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended dividend of Rs. 1/- (Rupee One Only) per share for the accounting year ended on December 31, 2010, for the consideration and declaration by the members at the ensuing Annual General Meeting.
Trend Electronics Ltd: Audited Financial Results for Dec 31, 2010
Trend Electronics Ltd has informed BSE about the Audited Financial Results for the period ended December 31, 2010.Read More
GeeCee Ventures Ltd: Financial Results for Mar 31, 2011
GeeCee Ventures Ltd has informed BSE about the Financial Results for the period ended March 31, 2011.Read More
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