Friday, October 31, 2008

Infosystems Company Gets Contract From Delhi Police - Oct 31, 2008

HCL Infosystems, IT company, has received a multi-year contract from Delhi Police to provide solutions and technologies that would enable the police force to access automated information. The company has restructured the police control room through ICT as part of the contract. The control room consists of multimedia contact centre, and has the ability to track all PCR vans fitted with GPS devices and to coordinate their movements.

The Dial 100 solution contains Calling Line Identification and Direct Inward Dialling to help in identification and routing of calls. It also provides connectivity to mobile PCR vans through two-way radios/GPRS.

Rolta India Fixes Book Closure For Dividend - Oct 31, 2008

Rolta India Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from November 17, 2008 to November 24, 2008 (both days inclusive) for the purpose of payment of dividend on equity shares recommended by Board of Directors of the Company @ Rs 3.00 per equity share of the face value of Rs 10/- each (for the financial year July 01, 2007 to June 30, 2008) & 18th Annual General Meeting (AGM) of the Company to be held on November 24, 2008.

Systems International - Utilisation Of Funds - Oct 31, 2008

R Systems International Ltd has informed about the statement of variation between projected utilisation of funds & actual utilisation of funds for the quarter and nine months ended September 30, 2008.

Saturday, October 25, 2008

Satyam Computer Company - Conversion Of Options - Oct 25, 2008

Satyam Computer Services Ltd has informed that the Compensation Committee of Directors of the Company allotted 39,877 equity shares through circular resolution on October 23, 2008, approved on October 24, 2008 under stock option plans of the Company.

Consequent to the above allotment, the paid up share capital of the Company has gone up from 673,614,078 equity shares of Rs 2/- each aggregating Rs 1,347,228,156.00 to 673,653,955 equity shares of Rs 2/- each aggregating Rs 1,347,307,910.00.

Geojit Financial Services Ltd Has Informed The Members - Oct 25, 2008

Geojit Financial Services Ltd has informed that the members of the Company by way of Postal Ballot have passed the Ordinary Resolution for issue and allotment of upto 2,28,26,300 (Two Crore Twenty Eight Lakh Twenty Six Thousand Three Hundred) equity shares, by the Company, to BNP Paribas S.A. (BNP), upon BNP exercising its right to convert warrants aggregating to 2,28,26,300 (Two Crore Twenty Eight Lakh Twenty Six Thousand Three Hundred) (each a Warrant) issued by the Company to BNP on March 13, 2007 with right of conversion to be exercised, by BNP any time either during the offer period (as defined in the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997) or at any time not later than March 12, 2009 (Extended Warrants Exercise Date), with requisite majority.

Deccan Gold Fixes Book Closure For AGM Company - Oct 25, 2008

Deccan Gold Mines Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from November 26, 2008 to November 28, 2008 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company.

Friday, October 24, 2008

Infotech Enterprises Ltd Has Informed The Company - Oct 24, 2008

Infotech Enterprises Ltd has informed that the Board of Directors of the Company at its meeting held on October 23, 2008, inter alia, has appointed Mr. David Carter as Alternate Director to Mr. Paul Roger Adams under Section 313 of the Companies Act, 1956.
Further the Company has informed that, Prof. P N Thirunarayana has ceased to be a director on the Board with effect from October 23, 2008.

Group India Ltd Informed The Members Of Company - Oct 24, 2008

Timex Group India Ltd has informed that the members of the Company, by way of postal ballot, have approved the ordinary Resolution relating for sale of Precision Engineering Division of the Company vide postal ballot notice dated August 23, 2008, with Requisite majority.

Ordinary General Company On Accorded Approval - Oct 24, 2008

Aarti Industries Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 24, 2008, inter alia, have accorded their approval to increase the number of directors of the Company from Twelve to Twenty and consequential amendments in Articles of Association of the Company, subject to necessary provisions & approvals.

Thursday, October 23, 2008

Supertex Industries Fixes Book Closure For Reduction - Oct 23, 2008

Supertex Industries Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed on November 08, 2008 for the purpose of Companys reduction and consolidation of the existing paid-up share capital pursuant to the Order from the Honble Board for Industrial & Financial Reconstruction (BIFR).

LT Overseas - Change In Directorate Company - Oct 23, 2008

LT Overseas Ltd has informed that the Board of Directors of the Company at its meeting held on October 22, 2008, inter alia, has transacted the following:

1. Resignation of Mr. Satish Bal from the directorship of the Company w.e.f. October 22, 2008.

2. Appointment of Mr. J C Sharma as an Additional director of the Company w.e.f. October 22, 2008.

Exide Industries Announces Company Quarter - Oct 23, 2008

Exide Industries Ltd has announced the following Unaudited results for the quarter ended September 30, 2008:

The Company has posted a net profit after tax of Rs 778.40 million for the quarter ended September 30, 2008 as compared to Rs 622.40 million for the quarter ended September 30, 2007. Total Income has increased from Rs 6682.50 million for the quarter ended September 30, 2007 to Rs 9008.30 million for the quarter ended September 30, 2008.

Wednesday, October 22, 2008

Vishal Cotspin Company Ltd Has Informed Extra General - Oct 22, 2008

Vishal Cotspin Ltd has informed that the Extra Ordinary General Meeting (EGM) of the Company will be held on November 14, 2008, inter alia, to authorise the Board of directors to deal, negotiate and dispose off the Land, buildings, complete plant and machineries along with electricals of the Company. Mr. Balkishan Boob, Managing Director and any one director is hereby authorized to sign, seal and deliver such instruments or Deeds that may be necessary and proper for execution of the Sale.

Rajratan Global - Resignation Of Director - Oct 22, 2008

Rajratan Global Wire Ltd has informed that Mr. Nihalchand Kothari, Director of the Company has resigned from the directorship and the Board has accepted his resignation in its meeting held on October 21, 2008.

Yes Bank Ltd Has Announced Unaudited - Oct 22, 2008

Yes Bank Ltd has announced the following Unaudited results for the quarter ended September 30, 2008:

The results for the Quarter ended September 30, 2008
The Bank has posted a net profit of Rs 636.20 million for the quarter ended September 30, 2008 as compared to Rs 452.80 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3793.80 million for the quarter ended September 30, 2007 to Rs 5699.30 million for the quarter ended September 30, 2008.

Tuesday, October 21, 2008

Steel Authority Of India Ltd Company - Oct 21, 2008

Steel Authority of India Ltd (SAIL) has announced the following Unaudited results for the quarter ended September 30, 2008:

The Company has posted a net profit from the ordinary activity after tax of Rs 20096.00 million for the quarter ended September 30, 2008 as compared to Rs 17002.40 million for the quarter ended September 30, 2007. Total Income has increased from Rs 94677.50 million for the quarter ended September 30, 2007 to Rs 126609.90 million for the quarter ended September 30, 2008.

Balkrishna Industries Cancellation Of Record Date - Oct 21, 2008

With reference to the earlier announcement dated October 07, 2008 regarding Record Date on October 24, 2008 for first interim dividend, Balkrishna Industries Ltd has now informed that the Board of Directors at its meeting held on October 18, 2008 has decided not to declare the 1st Interim Dividend for the financial year 2008-2009. Therefore, the Company has cancel the Record Date fixed on October 24, 2008.

Industan Construction - Award Of New Contract - Oct 21, 2008

Hindustan Construction Company Ltd has informed that the Company has received a Letter of Intent from M/s. Lanco Infratech Ltd. Gurgaon, for execution of Lot-II: All civil works of twin Head Race Tunnels of 16.5 kms including adit-II at Kalej Khola and adit-III for Teesta -VI Hydroelectric Project, Sikkim.

The value of the contract is Rs 360.05 Crore.
The project is to be completed in 45 (forty five) calendar months from the date of Letter of Intent.

Monday, October 20, 2008

Gujarat Mineral Development Corporation - Oct 20, 2008

Gujarat Mineral Development Corporation Ltd (GMDC) has informed that a meeting of the Board of Directors of the Company will be held on October 24, 2008, to consider and approve the unaudited financial results for the Quarter ended September 30, 2008.

Ingersoll-Rand Board Declares Interim Dividend - Oct 20, 2008

Ingersoll-Rand (India) Ltd has informed that the Board of Directors of the Company at its meeting held on October 20, 2008, inter alia, has declared an Interim Dividend of Rs 3.00 per equity share. The nominal value per equity share is Rs 10/.

Rolta India Announces Quarter - Oct 20, 2008

Rolta India Ltd has announced the following Unaudited results for the quarter ended September 30, 2008:
The results for the Quarter ended September 30, 2008
The Company has posted a net profit after exceptional items & tax of Rs 446.40 million for the quarter ended September 30, 2008 as compared to Rs 613.90 million for the quarter ended September 30, 2007. Total Income has increased from Rs 2036.40 million for the quarter ended September 30, 2007 to Rs 2660.40 million for the quarter ended September 30, 2008.

The Consolidated results are as follows:
The consolidated results for the Quarter ended September 30, 2008
The Group has posted a net profit after tax, minority interest & exceptional items of Rs 239.00 million for the quarter ended September 30, 2008 as compared to Rs 538.20 million for the quarter ended September 30, 2007. Total Income has increased from Rs 2306.60 million for the quarter ended September 30, 2007 to Rs 3611.20 million for the quarter ended September 30, 2008.

Saturday, October 18, 2008

Corp Bank Announces Festival Bonanza Offer - Oct 18, 2008

Corporation Bank has announced the festival bonanza offer on ''Corp Home'' and ''Corp Mobile'' loans from October 17 to November 15. The bank will offer 25 basis points interest rate concession on the applicable card rate for fresh loan proposal received during the festival bonanza period, under ''Corp Home'' (for both fixed and floating rates) and ''Corp Mobile'' schemes.

SBT Raises FCNR Deposit Rates - Oct 18, 2008

State Bank of Travancore (SBT) has hiked the interest rates for FCNR and NRE term deposit rates with effect from October 17. As per the revision, the interest rates for NRE deposits will be 4.96 per cent for a period of one year to less than two years; 4.26 per cent for two years to less than three years; and 4.56 per cent for three years up to five years.

LIC Offloads 6.91% Of Ranbaxy - Oct 18, 2008

Life Insurance Corp of India (LIC) said that it has sold a 6.91% stake in drug maker Ranbaxy Laboratories at Rs737 a share. LIC did not say when the sale had taken place. It owned 15.01% of Ranbaxy as on 30 June, latest data available with the two main stock exchanges showed.Ranbaxy has agreed to a takeover by Japan''s Daiichi Sankyo Co. As part of that deal, Daiichi Sankyo made an open offer for up to 20% of Ranbaxy''s shares at Rs737, which it said had been completed. Ranbaxy shares were down 0.9% at Rs264.

Friday, October 17, 2008

Industrial Investment - Appointment of Director - Oct 17, 2008

Industrial Investment Trust Ltd has informed that the Board of Directors of the Company at its meeting held on October 16, 2008, has appointed Mr. R K Mittal as an Additional Director on the Board of the Company.

Lloyd Electric - Result Of Postal Ballot - Oct 17, 2008

Lloyd Electric & Engineering Ltd has informed that the members of the Company by way of postal ballot, have passed the Ordinary resolutions, with requisite majority:

1. Increase in the borrowing limits under Section 293(1)(d) of the Companies Act, 1956.
2. To mortgage / charge the properties of the Company.

India Infoline - Outcome Of Compensation Committee - Oct 17, 2008

India Infoline Ltd has informed that the Compensation Committee of the Board of Directors of the Company on October 17, 2008, have granted 500,000 Employee Stock Options to the eligible employees as per the ESOP Scheme, 2007 of the Company.

Wednesday, October 15, 2008

South Indian Bank Reports 45% Rise In Net - Oct 15, 2008

South Indian Bank has witnessed a 45 per cent rise in net profit and 27 per cent rise in total income during the second quarter of 2008-09 fiscal. Its margins have improved due to the growth in advances, fall in Non Performing Assets and increasing corpus of low cost deposits. Net NPA was lower at 0.40 per cent as against 0.71 per cent for the corresponding quarter of last year. Gross NPA have also fallen sharply to 1.86 per cent from 3.41 per cent.

Low cost deposits of the bank have gone up by Rs 804 crore from Rs 3,181 crore to Rs 3, 985 crore, registering a growth of 25.29 per cent. Our focus during the current financial year is to increase the CASA funds by adding 5 lakh new customers. The total business grew by 16 per cent to Rs 26,836 crore (Rs 23,078 crore). Deposits registered a slower growth of 13 per cent to Rs 15,715 crore while advances grew by 22 per cent to Rs 11,121 crore. The book value has risen from Rs 123.34 to Rs 138.42.

Hydro S&S Buy Back Updates Company - Oct 15, 2008

Hydro S&S Industries Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 13, 2008, the Resolution put up for consideration viz, amendment to the Articles of Association to include the Clause on Buy Back of Shares was unanimously approved by the shareholders.

The Company have also to advise that two shareholders of the Company, one of whom is the Chairman of one of the Companys Competitor, the other a group Company of such Competitor filed a Petition before the Company Law Board, Chennai objecting to the said Buy Back of the Companys shares approved by the Board of Directors at their Meeting held on September 16, 2008. The Honourable Bench of the CLB, at the time of admitting the Petition on October 07, 2008, has only directed that the Company will not Buy Back its own Shares or Securities without the leave of the Bench.

Corporate Raid On ICICI Bank Through - Oct 15, 2008

Ruling out the possibility of a corporate raid on ICICI Bank through hammering down of its share price, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said it is not possible for just anyone to take over the management due to strong regulations in India.

There are limits (shares) on what can be bought by an individual. Ability to change management is also dependent on lots of regulatory approvals, so I don''t think people should have any fear that all of a sudden ICICI Bank may change management because of stock manipulation, he said.

On whether nationalised banks are more capable of handling market pressures due to backing of the government, he said, It is true that in public sector banks nobody can change the management because we are not going to reduce the government ownership below 51 per cent. So the trading in stocks only remains up to 49 per cent.

He added, in a private sector bank there is no freeze on majority ownership so stocks would be traded more freely. Whether that leads to instability or not depends on market conditions. I don''t see that very crucial for the actual stability of the banking system.
ICICI Bank management had earlier alleged that vested interests were indulging in malicious rumours to pull down the bank but ruled out that any banking rival was behind it.

Tuesday, October 14, 2008

Ramco Industries Ltd Has Informed Company - Oct 14, 2008

Ramco Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 23, 2008, to consider and take on record the Un-audited Financial Results of the Company for the Quarter / Half Year ended September 30, 2008.

Further the Company has informed that, at the aforesaid Meeting, the Board of Directors will consider the proposal to pay interim Dividend for the Current Financial year 2008-09.

Financial Technologies India Ltd Has Informed - Oct 14, 2008

Financial Technologies India Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 24, 2008, inter alia, to consider and approve the Un-audited Financial Results of the Company for the Second quarter ended September 30, 2008 and interim dividend, if any.

ICICI Bank Files Complaint Against - Oct 14, 2008

ICICI Bank on Sunday filed a complaint against some brokers and websites that were creating panic among depositors and shareholders by spreading rumours about the financial health of the bank.The complaint filed before Additional Commissioner of Police Economic Offense wing of Mumbai Police said that certain people were acting in concert to spread malicious rumours through various media to gain financial benefits by hurting the bank reputation.

Monday, October 13, 2008

Dhunseri Tea Company Fixes For Dividend AGM - Oct 13, 2008

Dhunseri Tea & Industries Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from November 25, 2008 to November 28, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on November 28, 2008.

Girdharilal Sugar Company Industries Ltd - Oct 13, 2008

Girdharilal Sugar & Allied Industries Ltd has informed that the members of the Company by way of Postal Ballot have passed both the resolutions as stated in Notice of Postal Ballot i.e. u/s 293(1)(a) and Section 149(2A) of the Companies Act, 1956, with requisite majority.

Himadri Chemicals - Result Of Postal Ballot - Oct 13, 2008

Himadri Chemicals & Industries Ltd has informed that the Shareholders of the Company, by way of Postal Ballot, have approved the following Special Resolution at the deemed Extra Ordinary General Meeting (EGM) held on October 11, 2008:

1. Alteration of Objects clause of the Memorandum of Association of the Company, by way of passing a Special Resolution pursuant to Section 17 of the Companies Act, 1956.

Saturday, October 11, 2008

Dhanprayog Investments - Egm Preponed - Oct 11, 2008

With reference to the earlier announcement dated October 07, 2008 regarding the Extra Ordinary General Meeting (EGM) of the Company scheduled to be held on October 31, 2008 to consider issue of bonus shares, Dhanprayog Investments Company Ltd has now informed that the Company has since received consent letters from all its shareholders for preponing and holding the said meeting on October 13, 2008.

Accordingly the subject meeting will be held on October 13, 2008.

Wipro Ltd Has Informed That The Company - Oct 11, 2008

Wipro Ltd has informed that the Company has granted 51,042 ADS Restricted Stock Units with effect from October 01, 2008 to identified employees of subsidiary Company of Wipro Ltd under the ADS Restricted Stock Unit Plan 2004.
The grant of above stock options is in line with SEBI (Employee Stock Option Scheme and
Employee Stock Purchase Scheme) Guidelines, 1999, as amended and as per the terms of the
Stock Option Plans.

These stock options shall vest as per the vesting schedule approved by the Board Governance & Compensation Committee of the Board and can be exercised over the exercise period as per the Stock Option Plans.

Infra Industries - Changes In Directorate - Oct 11, 2008

Infra Industries Ltd has informed that Mr. Rajnikant N Shah has been appointed as an additional Director of the Company w.e.f. October 08, 2008.

Further the Company has inform that Mr. A P Abraham has resigned as a Director w.e.f. October 08, 2008 from the organisation.

Friday, October 10, 2008

Infosys Technologies Declares Interim Dividend - Oct 10, 2008

Infosys Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on October 10, 2008, inter alia, has declared an interim dividend of Rs 10/- on each equity share (200% on a par value of Rs 5/- per share).

Electricals Informed Change Of Company Secretary - Oct 10, 2008

Bharat Heavy Electricals Ltd (BHEL) has informed that Shri. Inder Pal Singh has been appointed as Company Secretary / BHEL w.e.f. September 30, 2008 (afternoon) vice Shri. N K Sinha who has since been relieved from the services of BHEL to join ONGC.

In pursuance of Resolution passed by the Board of Directors in its 323rd meeting held on January 31, 2001, Company Secretary/BHEL shall act as a compliance officer of the Company. As such, Shri. Inder Pal Singh, Company Secretary will be compliance officer of BHEL.

Dhanprayog Investments - Outcome Of AGM - Oct 10, 2008

Dhanprayog Investments Company Ltd has informed that the members at the 25th Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have accorded the following:

1. Adoption of the Companys Balance sheet as on March 31, 2008 and Profit & Loss Account for the year ended on that date and the reports of the Directors and the Auditors.
Further resolved that, the Board of Directors be and is hereby authorized to declare and pay dividend in terms of the appropriation made hereinabove and to do all acts, matters, deeds and things as may be required to effectuate this resolution including fixing a record date and opening a dividend account in a bank.

2. Re-appointment of Mr. Sunil Hirawat, as a Director of the Company, liable to retire by rotation.

3. Appointment of M/s. Rajendra K Gupta & Associates, Chartered Accountants, Mumbai, as auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration terms & conditions.

Wednesday, October 8, 2008

Infrastructures Projects Ltd Has Secured Irrigation - Oct 8, 2008

IVRCL Infrastructures & Projects Ltd has secured the lift irrigation project from the Government of Andhra Pradesh. The project is valued at Rs499.23 crore. As per the agreement, the company would execute Kaleswaram Lift Irrigation Scheme that includes investigation, designs with allied works lifting of 4.50 TMC of water from Godavari River, Karimnagar District. This project is expected to be completed in 4 years.

Ambuja Cements September Production Up 8.4% - Oct 8, 2008

The company''s production for the month ended September 2008 was witnessed 8.4% growth to 13.77 lakh tons in comparison to 12.70 lakh tons recorded during the same month a year ago. In line with this, the company''s dispatches surged 6.2% to 13.68 lakh tons in September 2008 as against 12.88 lakh tons a year ago. On cumulative basis, Ambuja Cements has reported 5.57% and 5.2% growth in production and dispatches to 132.02 lakh tons and 131.94 lakh tons from January 2008 to September 2008 respectively.

Texplast Industries - E-Mail ID For Investors Complaints - Oct 8, 2008

Texplast Industries Ltd has informed that the given below are the details of the email i.d. designated exclusively for grievance redressal division / compliance officer:
account_texplast@yahoo.com

Tuesday, October 7, 2008

Dhanprayog Recommends Dividend Bonus Share - Oct 7, 2008

Dhanprayog Investments Company Ltd has informed that the Board of Directors of the Company at its meeting held on October 06, 2008, inter alia, has decided to pay a dividend of Rupee One on each Fully Paid Equity Share of Re 10 to the members.

Further the Company has informed that, during conduct of other business, the Board decided to convene an Extra Ordinary General meeting of the members on October 31, 2008 to consider approval of resolution for issue of bonus shares in the ratio of 75 equity shares of Rs 10 each for every one equity share by capitalizing part of Reserves and Surplus.

Accel Transmatic - Result Of Postal Ballot - Oct 7, 2008

Accel Transmatic Ltd has informed that members of the Company, by way of Postal Ballot have passed the special resolution for granting loans to, furnishing guarantees or providing security in connection with a loan or accruing the securities of any body corporate upto an a amount of Rs 20 crores (Rupee Twenty Crores only), including any loans or guarantees already given or security already created or securities already acquired by the Company including the issue of the corporate guarantee of Rs 2 crores (Rupees Two Crores only) (the Corporate Guarantee) by the Company on January 28, 2008 in favour of The Federal Bank Ltd, guaranteeing the repayment of principal interest and all other amounts relating to the loan of Rs 2 crores (Rupees Two Crores Only) for a term of 3
(Three) years granted by the said The Federal Bank Ltd to Accel Academy Ltd.

ONGC To Ties Up With Uranium Corp - Oct 7, 2008

With the Indo-US nuclear deal throwing open new vistas of nuclear power generation in the country, Oil and Natural Gas Corporation Ltd (ONGC) will shortly ink a memorandum of understanding (MoU) with State-owned Uranium Corporation of India for exploration and mining of the fissile matter. A number of companies have showed interest in nuclear power generation in India.

ONGC is trying to explore new avenues in countries such as Venezuela, Columbia and others and increase its overseas output from the current eight million tonnes a year. ONGC, which has seven onshore and offshore hydrocarbon fields in India, was active across 17 countries at present. India currently imports almost 80 per cent of its domestic crude necessity of 120 million tonnes annually.

Monday, October 6, 2008

STI Granite - Notice Of Postal Ballot - Oct 6, 2008

STI Granite India Ltd has informed that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution relating to modifications to the original terms and conditions as prescribed either in the Debenture Certificate, Debenture Trust Deed, Charge filed with the Registrar of Companies, Memorandum & Articles of Associations of the Company and / or any of the resolutions passed by the shareholders or Debenture Holders earlier or the settlement of Debenture holders as may have been made earlier by the Company or the terms and conditions as may have been mentioned in any other documents in respect of such debentures and that this approval of the debenture holders may be considered as an unconditional and irrevocable approval for settlement of all the outstanding dues of Debenture holders as proposed herein by the Company, subject to necessary provisions & approvals.

The Company has appointed Mr. S Govinda Rao, a Senior Chartered Accountant, Bangalore, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer on or before the close of working hours on October 25, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on October 26, 2008.

Orbit Corporation Commencement First Warrant - Oct 6, 2008

Orbit Corporation Ltd has informed that the Company had vide its Prospectus dated March 29, 2007, issued 91 Lacs warrants. The said warrants are due for conversion from the period commencing front the completion of 18 month from the date of allotment i.e. April 03, 2007, of the Equity Shares and Warrants fill end of 30 month (i.e. October 03, 2008 October 05, 2009). The first conversion of the warrant exercise period commences from October 03, 2008, and ends on January 02, 2009.

ACC - Allotment Of Shares Against Exercise - Oct 6, 2008

ACC Ltd has informed that pursuant to the Resolutions passed by Circular dated October 01, 2008, by the Shareholders / Investors Grievance Committee of the Board,
600 shares were allotted against exercise of Employee Stock Options under various ESOS as under:

ESOS 2003 : 600 No of shares
Consequently, the paid up Share Capital of the Company has increased from 18,76,53,080 shares to 18,76,53,680 shares of Rs 10/- face value, as of date.

Saturday, October 4, 2008

Government Approved Daiichi Indian Company - Oct 4, 2008

Ranbaxy Laboratories has jumped nearly 7 per cent in afternoon trade after the government approved Daiichi''s buyout of the biggest Indian pharma company. Finance Minister P Chidambaram on Friday disclosed the FIPB nod for the Ranbaxy deal. The stock had opened higher today on reports the US Department of Justice may withdraw the motion against the company next week in a local court in the US. The total FDI flow into India on Daiichi''s Ranbaxy buy is Rs 21,500 crore.

Zenith Exports - Outcome Of AGM - Oct 4, 2008

Zenith Exports Ltd has informed that the members at the 26th Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded the following:

1. Adoption of Audited Balance Sheet and Profit & Loss Account and Directors & Auditors report.

2. Re-appointment of Retiring Director Mr. Surendra Kumar Loyalka & Mr. Ravi Poddar of the Company.

3. Reappoint of Statutory Auditors M/s. Tiwari & Co. of the Company.

4. Increase in monthly remuneration of Mr. Raj Kumar Loyalka & Mr. Surendra Kumar Loyalka as Managing Directors of the Company.

5. Appointment of Mr. Shyamal Bhattacharjee, Mr. Chanchal Kumar Jain & Mr. Mahesh Kumar Saraff as Directors of the Company U/s 257 of Companies Act, 1956.

6. Removal of Mr. Madhukar Manilal Bhagat, Mr. Ravi Poddar as Directors of the Company U/s 284 of Companies Act, 1956.

7. Removal of Mr. Raj Kumar Loyalka & Mr. Surendra Kumar Loyalka as the Managing Directors of the Company U/s 284 of Companies Act, 1956.

Orbit Exports Ltd Has Informed - Oct 4, 2008

Orbit Exports Ltd has informed that the members at the 25th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have accorded the following:

1. The Audited Profit and Loss Account for the period ended March 31, 2008 and the Balance Sheet as at that date together with the Report of Board of Directors and Auditors thereon, were adopted by the shareholders.

2. Mr. Vishnu Ajitsaria who retires by rotation was re-appointed as a Director of the Company.

3. Mr. Manoj Jain, who retires by rotation was re-appointed as a Director of the Company.

4. M/s. Krishna R Moondra & Associates Chartered Accountants, the retiring Auditors of the Company, were appointed as Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting on such remuneration as may be determined by the Board of Directors.

5. The Shareholders approved the Special Resolution authorizing Increase in Remuneration of Mrs. Anisha Seth Director- Marketing from Rs 1,50,000/- to Rs 2,00,000, effective from April 01, 2008, for the remaining period of her tenure is up to August 31, 2009.

Friday, October 3, 2008

Reliance Infrastructure Invites For Supply - Oct 3, 2008

Reliance Infrastructure Ltd, Anil Dhirubhai Ambani Group company, invited global bids for supply of power to its distribution license area in Mumbai. The company plans to procure power from the suppliers on round-the-clock basis for a period of 25 years.

As per the bid document, the successful bidders will be required to supply power within 48 to 60 months from the date of signing of the power purchase agreement with Reliance Infrastructure. The document also states that, the applications with a minimum capacity to supply 100 mw of power will be eligible to submit the bids.

The bid document, which has been priced at Rs 1 lakh, will be available for purchase from October 1 to 15.

Reliance Infrastructure intends to procure power on long-term basis through tariff-based competitive bidding process. For this, it will select bidders through a process of single-stage bidding.

Company Affairs, Gujarat, For Extension - Oct 3, 2008

Speciality Papers Ltd has informed that the Company has sought the permission of ROC, Ministry of Company Affairs, Gujarat, for extension of time for holding Annual General Meeting as currently the Process of Amalgamation of Reliable Paper (India) Ltd., Opel Paper Mill Ltd and Prime Hygiene Papers Pvt Ltd, with the company is progressing with the respective Honorable High Courts of Gujarat and Maharashtra.

Jagatjit Industries Ltd Informed The Members - Oct 3, 2008

Jagatjit Industries Ltd has informed that the members at the 63rd Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have approved the following:

1. Approval and adoption of the Audited Balance Sheet of the Company as at March 31, 2008 and the Profit & Loss Account for the year ended on that date, together with the Reports of the Auditors and Directors thereon.

2. Re-appointment of Mrs. Gita Bawa & Mr. Arvind Behl, as Directors who retired by rotation and being eligible offered themselves for reappointment.

3. Re-appointment of M/s. Mittal Chaudhry and Company, Chartered Accountants, New Delhi, as Auditors of the Company from the conclusion of this meeting to the conclusion of the next Annual General Meeting.

Wednesday, October 1, 2008

Company To Sell And Transfer The Companys - Oct 1, 2008

Uflex Ltd has informed that members of the Company by way of postal ballot have passed the resolution giving authority to the Board of Directors of the Company to sell and transfer the Companys Undertaking comprising of its Distillery Unit located at Ramghat Road, Village - Ahmedapura, Tahsil Altauli, Distt. Aligarh 202002 (U.P.) along with all the employees as well as assets and liabilities of the Distillery Unit including all licences, permits, consents and approvals whatsoever, as is where is basis to UBIO Chemicals Ltd, 100% subsidiary of UFLEX Ltd, New Delhi, at such consideration being not less than the actual cost incurred as certified by an independent Chartered Accountant and with effect from such date as the Board of Directors of the Company may think fit.

The total consideration for the transfer of the said undertaking will be settled by the Wholly Owned Subsidiary by way of issue of equity shares / debts instruments as the Board may think fit & proper in the interest of the Company.

Consider The Resolution Under The Provisions - Oct 1, 2008

OnMobile Global Ltd has informed that members of the Company will consider the Resolution under the provisions of the Companies Act, 1956 and the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and any amendments thereto, seeking the consent of the members for the adoption of a new stock option plan (Employees Stock Option Plan IV, 2008) for the grant of stock options.

Strips Infrastructures Ltd Has Informed - Oct 1, 2008

Steel Strips Infrastructures Ltd has informed that the members at the 35th Annual General Meeting (AGM) of the Company held on September 24, 2008, inter alia, have accorded to the following:
1. Adoption of the Audited Profit & Loss Account for the year ended March 31, 2008 and the Balance Sheet as at that date along with the Directors and Auditors Report thereon.
2. Re-election of Shri. R K Garg & Prof. (Dr) B B Tandon, as Directors of the Company.
3. Re-appointment of M/s. S C Dewan & Company, Chartered Accountants, as the Statutory Auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on terms & conditions to be decided by the Board of Directors.
4. Re-appointment of Shri. Sanjay Garg as Executive Director of the Company from January 01, 2009 for three years.