Kerala Ayurveda Pharmacy Ltd has informed that the Board of Directors of the Company at its meeting held on December 29, 2006, has considered the change of name of the Company from Kerala Ayurveda Pharmacy Ltd to Kerala Ayurveda Ltd and approved the Notice of the Extra ordinary General Meeting and also the time, date and venue of the meeting.
Further the Company has informed that, an Extra ordinary General Meeting of the members of the Company will be held on January 31, 2007.
Saturday, December 30, 2006
Sujana Universal Members Approve Increase In Authorized Share Capital
Sujana Universal Industries Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on December 28, 2006, inter alia, have passed the following resolutions:
1. Resolution for regularization of Shri. B Ramachandra Rao who was appointed as an Additional Director during the year 2005-2006.
2. Increase of Authorized Share Capital of the Company from Rs 110 Crores to Rs 115 Crores.
3. Authority to the Board to issue and allot the optionally Fully Convertible Debentures (OFCDs) (Securities) worth of Rs 1200 lakhs to IFCI Ltd, Hyderabad, either at par or at premium (issue price being not less than the price as arrived at), in accordance with the terms of Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000, when converted into equity would ultimately result in an increase in the paid up equity share capital of the Company upto an amount not exceeding Rs 5.50 Crores in addition to the existing paid up equity capital of the Company, through conversion of existing loans and / or interest on such loans through private placement as preferential allotment as the Board may deem fit with or without voting rights in General Meetings / Class Meetings of the Company as may be permitted under the prevailing laws at such price or prices, or in such manner as the Board or Committee thereof may on its absolute discretion think fit.
1. Resolution for regularization of Shri. B Ramachandra Rao who was appointed as an Additional Director during the year 2005-2006.
2. Increase of Authorized Share Capital of the Company from Rs 110 Crores to Rs 115 Crores.
3. Authority to the Board to issue and allot the optionally Fully Convertible Debentures (OFCDs) (Securities) worth of Rs 1200 lakhs to IFCI Ltd, Hyderabad, either at par or at premium (issue price being not less than the price as arrived at), in accordance with the terms of Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000, when converted into equity would ultimately result in an increase in the paid up equity share capital of the Company upto an amount not exceeding Rs 5.50 Crores in addition to the existing paid up equity capital of the Company, through conversion of existing loans and / or interest on such loans through private placement as preferential allotment as the Board may deem fit with or without voting rights in General Meetings / Class Meetings of the Company as may be permitted under the prevailing laws at such price or prices, or in such manner as the Board or Committee thereof may on its absolute discretion think fit.
Union Bank Of India Board Announces Interim Dividend
Union Bank of India has informed that the Board of Directors of the Bank at its meeting held on December 28, 2006, has declared an interim dividend of 15% i.e. Rs 1.50 per share for the financial year 2006-07.
Further the Bank has informed that, January 13, 2007 has been fixed as the Record Date for purpose of payment of above declaration of interim dividend. The date of payment of Interim Dividend shall be January 24, 2007.
Further the Bank has informed that, January 13, 2007 has been fixed as the Record Date for purpose of payment of above declaration of interim dividend. The date of payment of Interim Dividend shall be January 24, 2007.
Zee Telefilms Members Approve Dividend
Zee Telefilms Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on December 28, 2006, inter alia, have accorded to the following:
1. Adoption of Profit & Loss Account for the year ended March 31, 2006 and Balance Sheet as at that date, both on standlone and consolidated basis, and the Reports of the Auditors and Directors thereon.
2. Approved dividend @ 100% (i.e. Re 1) per equity share of Re 1/- each.
3. Approved re-appointment of Mr Subhash Chandra, Mr B K Syngal as Directors of the Company who retired by rotation.
4. Approved re-appointment of M/s MGB & Co as Statutory Auditors of the Company.
5. Approved appointment of Sir Gulam Noon & Dr M Y Khan as Directors of the company, liable to retire by rotation.
6. Approved delisting of Company''s Equity Shares from Calcutta Stock Exchange Association Ltd.
7. Approved change of name of the Company from Zee Teleflims Ltd to Zee Entertainment Enterprises Ltd and consequent changes in Memorandum and Articles of Association of the Company.
8. Approved payment of Commission to Non-Executive Directors of the company for a period of 5 years commencing from Financial year ended March 31, 2006.
9. Approved appointment of Mr Subhash Chandra in Asia TV Ltd, UK, a wholly owned overseas subsidiary of the Company, as its Chief Executive Officer.
Since Mr Ramjilal Choudhary had withdrawn his proposal for appointment as Director of the Company, resolution specified in Item no. 8 of the Notice of the Annual General Meeting, was treated as withdrawn.
1. Adoption of Profit & Loss Account for the year ended March 31, 2006 and Balance Sheet as at that date, both on standlone and consolidated basis, and the Reports of the Auditors and Directors thereon.
2. Approved dividend @ 100% (i.e. Re 1) per equity share of Re 1/- each.
3. Approved re-appointment of Mr Subhash Chandra, Mr B K Syngal as Directors of the Company who retired by rotation.
4. Approved re-appointment of M/s MGB & Co as Statutory Auditors of the Company.
5. Approved appointment of Sir Gulam Noon & Dr M Y Khan as Directors of the company, liable to retire by rotation.
6. Approved delisting of Company''s Equity Shares from Calcutta Stock Exchange Association Ltd.
7. Approved change of name of the Company from Zee Teleflims Ltd to Zee Entertainment Enterprises Ltd and consequent changes in Memorandum and Articles of Association of the Company.
8. Approved payment of Commission to Non-Executive Directors of the company for a period of 5 years commencing from Financial year ended March 31, 2006.
9. Approved appointment of Mr Subhash Chandra in Asia TV Ltd, UK, a wholly owned overseas subsidiary of the Company, as its Chief Executive Officer.
Since Mr Ramjilal Choudhary had withdrawn his proposal for appointment as Director of the Company, resolution specified in Item no. 8 of the Notice of the Annual General Meeting, was treated as withdrawn.
Friday, December 29, 2006
Thermax To Launch Manufacturing Facility In China
Thermax Ltd has informed that the Company is setting up a plant in the Peoples Republic of China for manufacturing Absorption Chillers with an investment of USD 8.0 million.
The Company is setting up a subsidiary, i.e., Wholly Foreign Owned Enterprise (WFOE) in China, in the name of Thermax (Zhejiang) Cooling & Heating Engineering Co. Ltd by investing in its registered share capital. The WFOE has already receive license from the authorities concerned to commence business in China. This Subsidiary would cater to the requirements of Absorption Chiller market in China and also of other export markets.
The Company is setting up a subsidiary, i.e., Wholly Foreign Owned Enterprise (WFOE) in China, in the name of Thermax (Zhejiang) Cooling & Heating Engineering Co. Ltd by investing in its registered share capital. The WFOE has already receive license from the authorities concerned to commence business in China. This Subsidiary would cater to the requirements of Absorption Chiller market in China and also of other export markets.
Varun Shipping Inks MoA To Acquire Further Vessel
Varun Shipping Company Ltd has informed that the Company has in order to expand its asset base in the hydrocarbon sector, entered into a Memorandum of Agreement (MOA) for acquiring a Very Large Gas Carrier (VLGC) having a cargo carrying capacity of approximately 76,644 cbm. The Company will be the first Indian shipping Company to acquire a VLGC. This VLGC is scheduled to be delivered in June / July, 2007 and will be the largest gas carrier to be registered under the Indian flag.
The Company has on December 18, 2006 acquired Large Gas Carrier, LPG/C Maharshi Vamadeva. Further, the aframax crude tanker for which Company has entered into Memorandum of Agreement is scheduled to be delivered by January 15, 2007.
With the acquisition of above mentioned vessels, Company would have completed an investment of around USD 200 million out of the proposed expansion plan of USD 400 million.
The Company has on December 18, 2006 acquired Large Gas Carrier, LPG/C Maharshi Vamadeva. Further, the aframax crude tanker for which Company has entered into Memorandum of Agreement is scheduled to be delivered by January 15, 2007.
With the acquisition of above mentioned vessels, Company would have completed an investment of around USD 200 million out of the proposed expansion plan of USD 400 million.
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