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April 12, 2000
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| Companies considering interim dividend |
| The Board of Directors of the following Companies will meet on the dates mentioned alongside to consider the declaration of interim dividend.
1. Petron Engineering Ltd. (April 27, 2000)
2. Gujarat Gas Ltd. (April 18, 2000)
3. Walchand Capital Ltd.(April 27, 2000)
4. Dolphin Offshore Enterprises (India) Ltd.( April 27, 2000)
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| Vibros Organics to consider preferential allotment |
| The Board of Directors of Vibros Organics Ltd. will meet on April 28, 2000 to consider preferential allotment of shares to promoters, their relatives, friends and associates. |
| Porritts & Spencer to consider transfer of shares in favour of German Company |
| A meeting of the Board of Directors of Porritts & Spencer (Asia) Ltd. will be held on April 29,2000 to consider transfer of 32,52, 418 shares in favour of Voith Bespannungstechbik Gmbh, Germany. |
| Sonata Software MQ 2000 Net Profit up by 229.34 % at Rs 73.87 million |
| Sonata Software Ltd has announced a net profit of Rs 73.87 million for the quarter ended March 31, 2000 as against Rs 22.43 million in MQ 99. The sales are up by 22.08 % at Rs 518.08 million. Other income is Rs10.48 million (MQ99 Rs 1.85 million). The profits for the year ended March 31, 2000 are Rs 233.96 million, as compared to Rs 97.55 million in the previous financial year. The annual sales are 39.34 % up at Rs 1743.49 million as against Rs 1251.22 million in financial year ending March 1999. A final dividend of 25% has been recommended at the Board meeting. This along with the interim dividend of 15% raises the total dividend for the year to 40%. |
| Mastek MQ 2000 Net Profit up by 218.54 % at Rs 65.30 million |
| Mastek Ltd has announced a net profit of Rs 65.30 million for the quarter ended March 31, 2000 as against Rs 20.50 million in MQ 99. The sales are up by 70.84 % at Rs 245.50 million. The gross profit at Rs 88.50 million represent a growth of 194 % over Rs 30.10 million in MQ99. The Board has declared an interim dividend of Rs 3/- per equity share for the year ending June 30, 2000. |
| Reliance Industries Buy Back at a maximum of Rs 303/- per share, total Rs 11 billion |
| Reliance Industries Ltd has announced that its Board of Directors has approved the buy back of equity shares for an amount not exceeding Rs 11 billion. The Board has decided that the shares shall be bought back at a maximum of Rs 303 /- per share. The above decision is subject to the approval of the shareholders in the General Meeting. The above decision was taken at the Board meeting held today (April 12, 2000). |
| Knoll Pharmaceuticals interim dividend at Rs 30/- per share |
| The Board of Directors of Knoll Pharmaceuticals Ltd. at its meeting held today (April 12, 2000) has declared an interim dividend of Rs 30/- per share out of the profits for the year ending December 31, 2000.The said interim dividend will be payable on or before May 15, 2000 along with the final dividend and special one time millennium dividend for 1999 when sanctioned at the Annual General Meeting to be held on April 27, 2000,to those shareholders whose name appear on the Register of Members of the Company as on April 27, 2000. |
| Nagarjuna Fertilizers board meet to reorganise equity capital |
| A meeting of the Board of Directors of Nagarjuna Fertilizers and Chemicals Ltd. has been convened on April 14, 2000 to consider a proposal to reorganise the equity share capital of the Company. |
| Texmaco declares 15% interim dividend |
| The Board of Directors of Texmaco Ltd at its board meeting held today (April 12, 2000) has declared an interim dividend of 15% (Rs 1.50 per share) on the equity shares for the year 1999-2000. |
| Indo Gulf Corporation net up by 29.40% at Rs 2.12 billion |
| Indo Gulf Corporation Ltd has reported a 29.40% increase in the net profits at Rs 2.12 billion for the financial year ended on March 31, 2000, as compared to Rs 1.64 billion earned in the previous financial year. The sales for the year are Rs 20.71 billion as against Rs 14.53 billion in FY 99, an increase of 42.57%. The other income is Rs 485.50 million (FY 99 Rs 369.90 million). The Gross profit is 38.64 % up at Rs 3.51 billion as against Rs 2.53 billion in last year. The company has reported an EPS of Rs 9.58 for the whole year. The total outgo for equity dividend (including Corporate Tax) for the year is Rs 510.60 million. |
| Taparia Tools MQ 2000 Net Profit down by 3.22 % at Rs 4.48 million |
| Taparia Tools Ltd has announced a net profit of Rs 4.48 million for the quarter ended March 31, 2000 as against Rs 4.63 million in MQ 99. The sales are up by 10.25 % at Rs 124.51 million. Other income is Rs 3.41million (MQ99 Rs 4.01 million). |
| Vinati Organics MQ 2000 Net Profit up by 31.10% at Rs 24.65 million |
| Vinati Organics Ltd has announced a net profit of Rs 24.65 million for the quarter ended March 31, 2000 as against Rs 18.80 million in MQ 99. The sales are up by 7.11 % at Rs 85.13 million. Other income is Rs 0.41million (MQ99 Rs 0.49 million). The profits for the year ended March 31, 2000 are significantly higher at Rs 65.39 million, as compared to the previous year figures of Rs 0.50 million. The annual sales are 3.91 % up at Rs 314.26 million as against Rs 302.43 million in financial year ending March 1999.The Board has declared an interim dividend of 15% (Rs 1.50 per share) .The record date for the aforesaid dividend is May 24, 2000. |
| Sahara India Media to consider preferential issue |
| A Board meeting of Sahara India Media Communication Ltd. (Formerly Padmanab Investment Company Ltd.) is scheduled on April 17, 2000 to consider issue of equity shares on preferential basis. |
| Elpro International MQ 2000 Net Profit down by 98.08 % at Rs 0.5 million |
| Elpro International Ltd. has announced a net profit of Rs 0.5 million for the quarter ended March 31, 2000 as against Rs 26.1million in MQ 99. The sales are up by 4.31 % at Rs 152.6 million. Other income is Rs 4.9million (MQ99 Rs 35.20 million) The profits for the year ended March 31, 2000 are Rs 12.5 million, an increase of 111.86 % over previous year figures of Rs 5.9 million. The annual sales are 14.54 % up at Rs 436.30 million as against Rs 380.9million in financial year ending March 1999. The Board has declared an interim dividend of 20% (Rs 2/- per share) |
| Rajratan Gustav to consider preferential issue to promoters |
| A Board meeting of Rajratan Gustav Wolf Ltd (Formerly Rajratan Wires Ltd) is scheduled on April 22, 2000 to consider issue of equity shares on preferential basis to the promoters of the company, including the foreign collaborators. At the meeting the Board will take on record the results for the last quarter and the Audited results for the year ended on March 31, 2000. The Board will also consider recommendation of dividend for the financial year. |
| Monsanto Chemicals interim dividend at Rs 2.50/- per share |
| At its meeting held on April 11, 2000 the Board of Director of Monsanto Chemicals of India Ltd, has declared an interim dividend @25% (Rs 2.50/- per share). Including this dividend the total dividend for the financial year 1999-2000 is Rs 12.50/- per share. The Board has fixed May 04, 2000 as the record date for the aforesaid dividend. |
| Elcid Investments declares 45% interim dividend
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| The Board of Directors of Elcid Investments Ltd at its meeting held on April 10, 2000 has declared an interim dividend of Rs 4.50/- per share (45%) on 2,00,000 equity shares of Rs 10/- each. The said interim dividend will be payable to the shareholders whose names appear on the register of members of the company as on May 8, 2000.
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| VisualSoft to consider bonus issue
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| The Board of Directors of VisualSoft Technologies Ltd will meet on April 20, 2000 to consider issue of Bonus shares. The issue shall be subject to the approval of the members at the ensuing AGM. At the meeting, the Board will also consider the Audited results for the year ending March 31, 2000. The Board will recommend the dividend payable for the year at the same meeting.
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