BSE informs members to stop dealings in 58 scrips

BSE has informed its members the undermentioned companies have not complied with Clause 16 of Listing Agreement (i.e. about their Book-Closure/Record Dates to the Exchange as required under the Listing Agreement. Therefore BSE has advised its members not to deal in the securities of the undermentioned companies from the dates indicated alongside until further notice. CODE COMPANY NAME NO DEALINGS FROM 26003 Alps Laboratories Ltd. 14/08/2000 4390 Arun Varun Trade & Investment Ltd., 14/08/2000 2352 Aurangabad Paper Mills Ltd., 14/08/2000 31379 Avi Export (India) Ltd 14/08/2000 12195 Bentley Commercial Enterprises Ltd., 14/08/2000 20131 Coastal Roadways Ltd. 14/08/2000 24466 Core Organics Ltd. 14/08/2000 8814 Cosmo Films Ltd., 14/08/2000 5426 Dagger-Forst Tools Ltd., 14/08/2000 7886 Dhruv Estates Ltd., 14/08/2000 31346 Eastern Treads Ltd. 14/08/2000 13424 Ellora Steels Limited 14/08/2000 26787 Euro Marine Products Ltd. 14/08/2000 12163 Extol Commercial Ltd., 14/08/2000 32084 Fast Track Financial Services Ltd. 14/08/2000 31225 Frontier Information Technologies Ltd. 14/08/2000 30615 Garg Furnace Ltd. 14/08/2000 68 Georg Fischer Disa.Ltd. 14/08/2000 24226 Gujarat Ambuja Exports Ltd. 14/08/2000 24184 Gulshan Sugars & Chemicals Ltd. 14/08/2000 3839 Hamco Steels & Alloys Ltd. 14/08/2000 9073 Hathway Bhawani Cabletel & Datacom Ltd. 14/08/2000 6140 Hiramoti Finance Ltd., 14/08/2000 26475 Hotel Krishna International (I)Ltd. 14/08/2000 7935 Innovative Print Forms Ltd. 14/08/2000 30963 J.G.Finance Ltd. 14/08/2000 7924 Jaybharat Fabrics Mills Ltd., 14/08/2000 32268 Kale Consultants Ltd. 14/08/2000 31904 Karuna Cables Limited 14/08/2000 23321 Kashiram Pannalal Industries 14/08/2000 31374 Kashyap Foundations Ltd. 14/08/2000 22062 Kaveri Engineering Industries Ltd., 14/08/2000 12369 Khatoo Synthetics, Ltd., 14/08/2000 19023 Kocher Oil Mills Ltd 14/08/2000 31393 Krystal Knitwear Ltd. 14/08/2000 23688 Krystal Polyfab Ltd 14/08/2000 12537 Lakshmi Trade Credits Ltd. 14/08/2000 8982 Linkson Leasing Ltd., 14/08/2000 8929 Madhusudan Leasing & Finance Ltd., 14/08/2000 11672 Mittal Securities Finance Ltd. 14/08/2000 13603 Moira Wires Ltd. 14/08/2000 2407 Nath Pulp & Paper Mills Ltd., 14/08/2000 26656 Nava Bharat Enterprises Ltd. 14/08/2000 19445 Pawan Proteins Ltd. 14/08/2000 31914 Regency Spin-tex Ltd. 14/08/2000 30271 Rich Capital And Financial Services Ltd. 14/08/2000 26317 Rishi Oil And Fats Ltd. 14/08/2000 31812 SGN Cable Industries Ltd. 14/08/2000 31483 Sarash India Mines & Marines Ltd. 14/08/2000 26071 Sellaids Publications (Ind) Ltd 14/08/2000 26713 Stiefel UND Schuh (India) Ltd. 14/08/2000 31433 Sungold Capital Ltd 14/08/2000 24784 Supriya Pharmaceuticals Ltd. 14/08/2000 14138 Suryalata Spinning Mills Ltd., 14/08/2000 12327 Trilochan Traders & Agencies Ltd., 14/08/2000 12117 Twin Roses Trades & Agencies Ltd., 14/08/2000 19252 Vishal Lakto (India) Ltd. 14/08/2000

ATN International Q1 net profit at Rs 4.30 million

ATN International Ltd has posted a net profit of Rs 4.30 million as compared to a net loss of Rs 4.66 million in the same period last year. Net sales for the quarter ended June 30, 2000 are at Rs 11.17 million as compared to Rs 2.24 million in the quarter ended June 30, 99. Other income has increased from Rs 0.65 million in JQ 99 to Rs 4.42 million in JQ 2000.

Premier Automobiles JQ 2000 net loss at Rs 18.3 million

Premier Automobiles Ltd. has posted a net loss of Rs 18.3 million for JQ 2000 as against a net loss of Rs 30.5 million in JQ 1999. Net sales for the quarter ended June 30, 2000 stood at Rs 80.3 million as against Rs 83.9 million for the same period last year. Other income of the company increased from Rs 1.2 million in JQ 99 to Rs 10.2 million in JQ 2000. Sales of cars continued to remain affected due to the delay in obtaining finance by Taxi Customers.

Mahindra & Mahindra launches its new vehicle "Bolero"

Mahindra & Mahindra Ltd., the utility vehicle market leader, today (4th August, 2000) announced the launch of its latest UV (Utility Vehicle), the Bolero GLX. The Bolero GLX is in response to the needs of the urban consumer, to match toughness with smoothness. With Bolero GLX, M&M is moving into a completely new category of UVs, recognising changing consumer preferences as urban car buyers are increasingly inclined towards good-looking utility vehicles. Competitively priced at just Rs 498,503 (ex-showroom Mumbai price inclusive of Sales Tax & Octroi), the Bolero GLX offers a great value package that will be a first in the industry. Bolero GLX comes packed with a host of customer friendly features like air-conditioning, power steering, power windows, audio system & central locking. The Bolero GLX will thus be in keeping with the Mahindra commitment of providing more value for the customers' money. The Bolero GLX will be positioned with the caption "Break Free". It signifies the attitude of the Bolero customer & also the fact Bolero GLX breaks free the limits of the terrain & can be driven through the highways, good roads, bad roads & no roads. Speaking on the occasion, Mr. Anand Mahindra commented, "The Bolero GLX is the harbinger of things to come at Mahindra & Mahindra. The millennium began with our adopting a new logo & the company is actively focused towards competing at the international level". He added, "The utility vehicles industry is poised at an interesting juncture as global auto majors plan to enter this arena. We have been gearing ourselves towards this change & Bolero marks the start of a new phase for M&M." The Bolero GLX will be launched simultaneously across the country. It will be compliant with all the necessary emission norms.

Goodricke Group Q2 net loss at Rs 23.2 million

Goodricke Group Ltd. has posted a net loss at Rs 23.2 million for the quarter ended June 30, 2000 as against a net profit of Rs 87.7 million for the same period last year. Net sales for JQ 2000 stood at Rs 233.4 million as against Rs 384.7 million in JQ 99. Other income has grown from Rs 2.4 million in JQ 99 to Rs 5 million in JQ 2000. The results of the Company do not reflect a fair view of the operations as they cover only a part of the tea production season. Average auction prices are substantially lower than previous year due to surplus situation resultant of large carryforward of Tea coupled with higher production this season.

SPIC Organics amalgamation with Manali Petrochemical approved

The Board of Directors of SPIC Organics Ltd. at its meeting held on 28.07.2000 in principal approved the scheme of amalgamation of the company with Manali Petrochemical Ltd., with a swap ratio of 1:1 subject to the approval of TIDCO and other necessary statutory approvals.

ITC appoints B G Daga as Non-Executive Director

ITC Ltd has informed BSE that Shri B.G. Daga has been appointed by the Board of Directors of the company at its meeting held on 28.07.2000, as an additional non-executive director, representing UTI.

Hinduja Finance Board approves hiving off equity trading business

The Board of Directors of Hinduja Finance Corporation Ltd at its meeting held on 31.07.2000 has approved the following: 1. The merger of Sartahk Mercantile Pvt. Ltd. 2. To Change the name of company. 3.As recommended by Anderson Consulting, the Board has in principle approved the proposal of spinning off the equity trading business. The final modalities in this regard will be worked out in due course of time.

Greaves to invest Rs 50 million in JV through rights issue

The Board of Directors of Greaves Limited at its meeting held on 31.07.2000 has approved a further investment of Rs.50 million in the Rights Equity Issue of Same Greaves Tractors Ltd., a Joint Venture company in which the company holds 50% equity stake.

Centurion Bank board approves rights issue, ESO

The Board of Directors of Centurion Bank Ltd. at its meeting held on 31.07.2000 has approved the raising of additional capital by way of a Rights Issue in the ratio of 7 equity shares for every 10 equity shares held at a premium of Rs.2/- per share and ESOPS up to Rs.100 million.

FDC Q1 net profit up by 6.53%

FDC Ltd has posted a net profit of Rs 86.50 million in the quarter ended June 30, 2000 as compared to Rs 81.20 million in the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are up by 3.32% at Rs 501.30 million as compared to Rs 485.20 million in JQ 99. Other income for the quarter ended June 30, 2000 is at Rs 6.60 million as compared to Rs 6.40 million in JQ 99.

Max India Q1 net profit at Rs 111 million

Max India Ltd has posted a net profit of Rs 111/- million in the quarter ended June 30, 2000 as compared to Rs 37.60 million in JQ 99. Net sales for the quarter ended June 30, 2000 are up by 73.04% at Rs 403/- million as compared to Rs 232.90 million in JQ 99. Other income has increased from Rs 0.70 million in JQ 99 to Rs 5.30 million in JQ 2000. The figures for the quarter ended June 30, 2000 are for the consolidated entity post amalgamation of Max Corporation Limited with the Company effective July 1, 1999 and hence not comparable with the figures for the quarter ended June 30, 1999.

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