|
March 27, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
| Torrent Pharmaceuticals interim dividend at Rs 10.10 per share |
| The Board of Directors of Torrent Pharmaceuticals Ltd at its meeting held on March 27, 2000, has declared an interim dividend of Rs10.10 per share. The Board has fixed May 10, 2000 as the record date for this purpose.
|
| Chicago Pneumatic declares 20% interim dividend |
| The Board of Directors of Chicago Pneumatic India Ltd at its meeting held on March 27, 2000 has resolved that an interim dividend of 20% (Rs 2/- per share) be paid for the financial year ended March 31, 2000. The interim dividend will be payable to the members whose names appear on the register of members of the company as on May 19, 2000. For the purpose of payment of interim dividend the Register of Members and Share Transfer books of the Company will remain closed from May 16, 2000 to May 19, 2000 (both days inclusive).
|
| LMW declares 30% interim dividend |
| The Board of Directors of Lakshmi Machine Works Ltd at its meeting held on March 27, 2000 has declared an interim dividend of 30% Rs (30/- per share) and the record date for this purpose has been fixed at April 29, 2000.
|
| Jenburkt declares 10% interim dividend |
| The Board of Directors of Jenburkt Pharmaceuticals Ltd at its meeting held on March 27, 2000 has recommended to pay an interim dividend at the rate of 10% (Rs 1/- per share) on the paid up share capital of the company for the year 1999-2000.
|
| Rasoi declares 25% interim dividend |
| The Board of Directors of Rasoi Ltd at its meeting held on March 27, 2000 has declared an interim dividend of 25% (Rs 2.50 per share) and has fixed May 10, 2000 as the record date for this purpose.
|
| Harita Finance declares 10% interim dividend
|
| The Board of Directors of Harita Finance Ltd at their meeting held on March 27, 2000 has declared an interim dividend of 10% (Re 1/- per share). The Board has fixed May 12, 2000 as the record date for the purpose of ascertaining the eligibility of the members for the aforesaid dividend.
|
| Shri Dinesh Mills declares 12% interim dividend
|
| The Board of Directors of Shri Dinesh Mills Ltd at its meeting held on March 27, 2000 has declared an interim dividend of 12% (Rs 12/- per share) for the financial year 1999-2000 and the record date for this purpose has been fixed as May 09, 2000.
|
| Aeonian Investments interim dividend at Rs 20/- per share
|
| The Board of Directors of Aeonian Investments Company Ltd at its meeting held on March 27, 2000 has declared an interim dividend of Rs 20/- per share for the financial year 1999-2000.
|
| Thirumalai Chemicals declares 30% dividend, set to enter IT business |
| At its meeting held on March 27, 2000, the Board of Directors of Thirumalai Chemicals Ltd has declared a second interim dividend of 30% (Rs 3/- per share) including a millenium dividend of 10 % (Re 1/- per share). With this dividend, the total dividend for the year is 50%. At the EGM held today, the shareholders have approved the company's foray into IT businesses which includes Multimedia, Graphics Advertising, Animation and other IT enabled services. The company has reported that one of its directors is presently abroad for negotiations and tie-ups and exploring opportunities in these new areas.
|
| BSL Ltd declares 18% interim dividend
|
| The Board of Directors of BSL Ltd at its meeting held on March 27, 2000 has declared an interim dividend of 18% (Rs 1.80 per share) and the record date for this purpose has been fixed as May 02, 2000.
|
| India Glycols declares 20% interim dividend
|
| The Board of Directors of India Glycols Ltd at its meeting held on March 27, 2000 has declared an interim dividend of 20% (Rs 2/- per share). The record date for the purpose of payment of interim dividend is May 09, 2000.
|
| La Opala RG declares 20% interim dividend
|
| The Board of Directors of La Opala RG Ltd at its meeting held on March 25, 2000 has declared an interim dividend of 20% (Rs 2/- per share) for the year ending March 31, 2000 and has fixed May 16, 2000 as the record date for this purpose.
|
| LCC Infotech to offer simultaneous Demat facility
|
| LCC Infotech Ltd has decided to offer a simultaneous Demat facility- claimed to be the first within eastern India. Under this system, the Registrars of the company on completion of the transfer formalities shall intimate the same to the shareholder and shall ask him to send the registrar a "Demat Request Form". On receipt of the same, the Registrars shall immediately dematerialise the shares and complete the formalities like defacing of the certificate after making a note of the above. The company expects this move to have a many fold advantage in the form of reducing the time taken for dematerialising the shares, savings of postage costs to the company as well as the shareholders and reducing the chances of delay and pilferage in transit.
|
| Premium Granites ceases to be a subsidiary of Voltas Ltd
|
| Voltas Ltd (VL) and its wholly owned subsidiary Voltas International Ltd (VIL) have sold the shares held by them in Premium Granites Ltd (PGL) on March 24 2000. After the sale of this stake, the shareholding of VL in PGL stands reduced to 3.09% of the subscribed share capital. Accordingly, PGL ceases to be a subsidiary company of the VL with effect from March 24, 2000.
|
| Novartis interim dividend at 150 %
|
| The Board of Directors of Novartis India Ltd, at its meeting held today (March 27, 2000), has declared an interim dividend of Rs 15/- per share. The Board has approved the dividend in view of the higher profits due to improved business performance as well as exceptional non operational income.
|
| Bombay Dyeing declares 30 % interim dividend
|
| The Board of Directors of Bombay Dyeing & Manufacturing Co. Ltd has declared an interim dividend of 30% for the year ended March 31, 2000. The Board has fixed April 26, 2000 as the record date to determine the members to the said interim dividend.
|
| WPIL Ltd to issue 4 million shares on preferential basis
|
WPIL Ltd (Formerly known as Worthington Pump India Ltd) has informed the BSE that its Board of Directors has proposed to allot 4 million equity shares by way of preferential basis as under.
1. Dufflaghur Investments Ltd - 2 million shares at Rs 10/- each.
2. Natex Investment & Marketing Ltd - 2 million shares at Rs 10/-each.
Both the allottees will hold more than 5 % of the total voting rights of the company when the aforesaid shares will be allotted in their favour.
|
| Amtek Auto shareholders approve preferential allotment
|
| The shareholders of Amtek Auto Ltd at its meeting held today (March 27, 2000), has approved the Board's recommendation to issue 1,350,400 equity shares to the company's promoters, their friends, relatives and associate companies ion preferential basis. The Board of Directors of the company will meet on March 31, 2000 to complete the formalities regarding the allotment of shares. The said shares of Rs 10/-each will be issued at a premium of Rs 90/- each.
|
| Godrej Soaps declares 27% interim dividend
|
| At the Board of Directors meeting of Godrej Soaps Ltd held today (27/03/2000), the Board has recommended an interim dividend of 27% for the financial year 1999-2000. The Board has decided to the period of May 10, 2000 to May 15, 2000 (both days inclusive) as the Book closure for the purpose of the aforesaid interim dividend.
|
| Mahindra & Mahindra Interim Dividend at Rs 5.50 /- per share
|
| The Board of Directors of Mahindra & Mahindra Ltd at its meeting held today has declared an interim dividend of Rs 5.50/- per share (55%) for the year 1999-2000. The interim dividend will be paid to those shareholders whose names appear on the Register of Members as on the Record date i.e. April 19, 2000.
|
| Tata Investment Interim Dividend at Rs 5/- per share
|
| The Board of Directors of Tata Investment Corporation Ltd at its meeting held today (27/3/2000) has declared an interim dividend at the rate of 50% (Rs 5/- per share) for the year 1999-2000. The Board has fixed May 8, 2000 as the record date for payment of interim dividend on ordinary shares to those shareholders whose names appear on the Register of Members of the company.
|
| Surana Strips allots 4,075,000 shares to promoters at par
|
| The Board of Directors of Surana Strips Ltd at its meeting held on March 24, 2000 has allotted 4,075,000 equity shares of Rs 10/- each to the core promoters of the company viz, G P Surana, his associates and group companies. The allotment has been made on preferential basis at par ie Rs 10/- per share.
|
| Jindal Photo declares 11% interim dividend
|
| The Board of Directors of Jindal Photo Films Ltd at its board meeting held today (March 27, 2000), has declared an interim dividend of 11% (Rs 1.10 /-per share). The Board has fixed May 10, 2000 as the record date for the purpose of ascertaining the eligibility for the interim dividend.
|
| Vindhya Telelinks declares 45% interim dividend
|
| The Board of Directors of Vindhya Telelinks Ltd at its board meeting held today (March 27, 2000), has declared an interim dividend of 45% (Rs 4.50/- per share). The Board has decided to keep the Register of Members and Share Transfer Books of the company closed from May 10, 2000 to May 16, 2000 for the purpose of payment of Interim Dividend. The Interim dividend is payable to those shareholders whose names appear on the company's register of members as on May 9, 2000.
|
| Machino Plastics declares 30% dividend |
| The Board of Directors of Machino Plastics Ltd at its board meeting held today (March 27, 2000), has declared an interim dividend of 20% (Rs 2 per share) and 10% (Re1 per share) as special millenium dividend.
|
| Birla Ericsson declares 15% interim dividend
|
| The Board of Directors of Birla Ericsson Ltd at its board meeting held today (March 27, 2000), has declared an interim dividend of 15% (Rs 1.50 per share).
|
| Sol Pharmaceuticals DQ 99 Net Loss at Rs 142.673 million
|
| Sol Pharmaceuticals Ltd has announced a net loss of Rs 142.673 million for the quarter ended December 31, 1999 as against a net loss of Rs 105.455 million for DQ 98. The sales for DQ 99 are down by 68.78 % at Rs 32.245 million as against Rs 103.306 million in DQ 98. The other income for DQ 99 is Rs 0.548 million (DQ 98 Rs 0.366 million).
|
| Nicholas Piramal to consider disposal of Deonar Factory
|
| The Board of Directors of Nicholas Piramal India Ltd is scheduled to meet on March 30, 2000 and will, besides other matters of ADR/ADS, Interim Dividend etc, also consider a proposal for disposal of Deonar Factory of the company.
|
| Punwire to consider allotment of shares to IFCI
|
| Punjab Wireless Systems Ltd has convened a board meeting on March 29, 2000 to consider allotment of 4 million shares of Rs 10/- each at par to IFCI amounting to Rs 40 million. This allotment is as per the loan agreement, whereby the company had availed a loan of Rs 200 million from IFCI. As per the agreement, IFCI has the right to convert whole of the outstanding principle amount of the loan of Rs 200 million or a part, not exceeding 20% of the loan, into equity shares of the company at par, in case the company fails to repay two consecutive installment of principle amount of the loan the interest thereon. Since the company has failed to make the payment of principal amount IFCI has opted to convert an amount of Rs 40 million being 20% of the total loan into 4 million equity shares of the company at par.
|
| Bata India DQ 99 Net Profit at Rs 94.80 million
|
| Bata India Ltd has announced a net profit of Rs 94.80 million for the quarter ended December 31, 1999 as against a net loss of Rs 22 million for DQ 98. The sales for DQ 99 are 4.83 % up at Rs 2034.70 million as against Rs 1940.80 million in DQ 98. The other income for DQ 99 is Rs 3.40 million (DQ 98 Rs 0.20 million).
The Board has recommended a final dividend of Rs 1.50/- per share (15%).
|
| Rinki Petrochemicals to invest Rs 300 million in E Business
|
| Rinki Petrochemicals & Industries Ltd plans to invest Rs 300 million in E Business ventures through its autonomous division Motorol Technologies. The investments will be made in a phased manner for three in-house B to B projects and around 10 external projects. The external projects would be taken up through venture funding, acquisitions and tie-ups. The company has earmarked funds to the tune of Rs 100 million for the coming days and Rs 200 million in pipeline for external projects in the next two years.
|
| 22 scrips in the Demat segment |
The BSE has informed its members that the Exchange has permitted trading in the undermentioned scrips in the Demat segment with effect from March 28, 2000.
1) Aridhi Hi-Tech Industries Ltd.
2) Gujarat Fluorochemicals Ltd.
3) IFGL Refractories Ltd.
4) Machino Plastics Ltd.
5) Siyaram Silk Mills Ltd.
6) South India Corporation (Agencies) Ltd.
7) Su-Raj Diamonds (India) Ltd.
8) Videocon Appliances Ltd.
9) Dujohn Laboratories Ltd.
10) Elegant Marbles & Granites Industries
11) Surana Telecom Ltd.
12) JIK Industries Ltd.
13) Paramount Communications Ltd.
14) Sanghvi Movers Ltd.
15) Hitech Entertainment Ltd.
16) Alps Industries Ltd.
17) Nucleus Software Exports Ltd.
18) Avon Organics Ltd.
19) Ami Computers (I) Ltd.
20) Zodiac-JRD-MKJ Ltd.
21) Amico Pesticides Ltd.
22) Kalyani Brakes Ltd.
|
| Global Tele-Systems to consider issue of shares to FCCB holders |
| The Board of Directors of Global Tele-Systems Ltd will meet on March 28, 2000 to consider besides other things, allotment of 4,981,295 equity shares of Rs 10/- each for cash at a premium in terms of Offer Documents to Foreign Currency Convertible Bond (FCCB) holders consequent upon exercise of right option for conversion of FCCBs worth Swiss Francs 15,560,000.
|
| Shipping Corporation BOD reshuffled |
Th following changes have been reported in the Board of Directors of The Shipping Corporation of India Ltd.
A. The following persons ceased to be the Directors of the company
1. Dr. P. Vijayan w.e.f March 13, 2000.
2. Shri M.J. Subbaiah w.e.f March 15, 2000
B. The following persons have been appointed as Directors of the company w.e.f March 22, 2000
1. Shri S.H. Khan
2. Shri O.N. Marwah
3. Shri M.G. Bhide
4. Shri Pritam Singh
5. Shri N.C. Singhal
|
| ICICI Bank to provide Rs 135 million under US GAAP for non-performing loans |
| The Board of Directors of ICICI Bank Ltd has decided to provide an additional sum of Rs 135 million (US $ 3 million) under the US GAAP in respect of certain accounts already identified as non-performing loans. This provision is in response to developments in March 2000 in connection with certain borrowers, the loans of which were already classified as non-performing. The provision will be in addition to the provisions, the company expects to make in the fourth quarter, which is expected to be in line with the provisions made in the first three quarters. The net non-performing assets of the Bank are expected to reduce further as a result of these provisions.
|
| UTI MEP 93 to consider Bonus issue |
| The Unit Trust of India has informed the BSE that a meeting of its executives will be held on March 27, 2000 to consider the revised dates of Book Closure At the meeting the executives will also consider issue of Bonus Units under Matser Equity Plan 1993 (MEP 93). |
| Yashodham Commercial to change name, to make preferential allotment |
The Board of Directors of the Yashodham Commercial Enterprises Ltd has decided as under :
1. Issue of 2,762,500 equity shares of Rs.10/- each at a premium on preferential basis to individuals and bodies corporate, whether they are existing shareholders of the company or not.
2. Change in the name of company to Adelphia Vision India Ltd.
|
| Morgan Industries promoters to infuse fresh capital |
| Morgan Industries Ltd has informed BSE that, as a part of rehabilitation package, the promoters have agreed to bring in a sum of Rs.78 million (approx) towards the rehabilitation cost. The said sum shall be brought in the form of equity.
|
| Mangalya Exports to merge with Avinash Technologies |
| The Board of Directors of Mangalya Exports Ltd company has decided to proceed with the merger of Avinash Information Technologies Pvt. Ltd. with the company.
|
| IEC Software into agreement with Camtech Asia, Malaysia |
IEC Software Ltd has informed the BSE regarding the following matters:
1. IEC has entered into an agreement with Camtech Asia, Malaysia for the purpose of providing e-commerce solutions.
2. IEC has signed an agreement with Kumayoon University for providing computer training and education to its students.
3. Very shortly company is going to launch MCA Level degree course in the coming session.
|
| Interface Financial to forfeit 303,100 equity shares |
| The board of directors of Interface Financial Services Ltd at its meeting held on March 22, 2000 has approved the proposal for the forfeiture of 303,100 equity shares of Rs 10 each for non-payment of allotment money.
|
| Amison Foods registered under BIFR |
| Amison Foods Ltd has informed the BSE that the BIFR has registered the company as a Sick company under the Sick Industrial Companies (SP) Act, 1985,
|
RISC
Tell us what you think of this feature
|
