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May 2, 2000
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| VSNL denies news of tie-up with IN2Cable.com |
| Videsh Sanchar Nigam Ltd (VSNL) has denied news reports in the press alleging that it was in discussion with IN2Cable.com India for an alliance for sharing VSNL infrastructure on a revenue sharing basis. |
| Colgate declares interim dividend at 30% |
| The Board of Directors of Colgate Palmolive Ltd at its meeting held on April 28, 2000 has declared an interim dividend of 30% (Rs 3/- per share) on the equity capital of Rs 135.99 crores for the year ended March 31, 2000. The record date for the aforesaid interim dividend is May 4, 2000. |
| Strike at Mahindra Ugine steel plant withdrawn |
| Mahindra Ugine Steel Co Ltd. has informed the BSE that the workers of the Companys Steel plant at Khopoli have withdrawn their strike wef May 2, 2000 and have resumed their normal work. |
| Hero Honda MQ Net profit up 78.47% at Rs 622.5 million |
| Hero Honda Motors Ltd has reported a net profit of Rs. 622.5 million for the quarter ended March 31, 2000 as against Rs. 348.8 million in MQ 99. The sales are up by 55.55 % at Rs5835.8 million. Other income is Rs. 121.10 million (MQ 99 Rs 89.4 million). The profits for the year ended March 31, 2000 are Rs. 1920.80 million, as compared to Rs 1213.70 million in the previous financial year, an increase of 58.26%. The annual sales are 51.49 % up at Rs. 22481.7 million as against Rs 14840.40 million in the financial year ending March 1999. The Board of Directors of Hero Honda Motors Ltd has deferred the issue of sub-division /split of face value of equity share. |
| Chartered Capital net profit at Rs. 2.08 million in MQ 2000 |
Chartered Capital and Investment Ltd. has reported a net profit of Rs. 2.08 million for the quarter ended March 31, 2000 as against Rs. 0.06 million in MQ 99, a rise of 3680%. The sales for the quarter ended March 31,2000 are up by 1838.84 % at Rs 11.38 million (MQ 99 Rs.0.59 million). Depreciation charges in the quarter were lower at Rs. 0.089 million as compared to Rs. 0.107 million in MQ 99. ).
The profits for the year ended March 31, 2000 are Rs. 1.83 million, as compared to a loss of Rs. 0.42 million in the previous financial year. The annual sales are higher by 301.60 % at Rs. 13.58 million as against Rs. 3.38 million in the financial year ending March 1999.
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| Hinduja Finance to issue 5 million equity shares |
| The Board of Directors of Hinduja Finance Corporation Ltd at its Board Meeting held on April 27, 2000 decided to issue 5 million equity shares through public offerings or private /preferential placement basis in domestic/or one or more international markets, to such persons , who may or may not be members of the company. The Board would make the offering at such time as, in its discretion, it deems fit. This is in contrast to the Board's earlier position of putting a cap on the amount to be raised by the Preferential Allotment of shares. |
| Shervani Industrial declares interim dividend of 20% |
| At a meeting of its Board of Directors on May 2, 2000, Shervani Industrial Syndicate Ltd has declared an interim dividend of 20%. The payment of the dividend will be made to those shareholders whose names appear on the Register of Members on the record date of 16.05.2000. |
| Coral Laboratories posts net profit of Rs. 1.50 million in MQ 2000, turnover rises 40.82% |
| Coral Laboratories Ltd has reported a net profit of Rs. 1.50 million for the quarter ended March 31, 2000 as against Rs. 2.54 million in MQ 99, a decline of 40.92%. The sales are up by 40.82% at Rs.35.38 million (MQ 99 Rs. 25.12 million). Other income is Rs. 0.26million (MQ 99 Rs. 0.34 million). The profits for the year ended March 31, 2000 are Rs. 16.20 million, as compared to Rs. 13.74 million in the previous financial year, an increase of 17.95%. The annual sales are marginally higher by 8.72 % at Rs. 182.46 million as against Rs. 167.82 million for the financial year ending March 1999. |
| Universal Starch-Chem Allied net profit at Rs. 11.70 million in MQ 2000, sales higher by 16.68% |
| Universal Starch-Chem Allied Ltd has reported a net profit growth of 387.50% at Rs. 11.70 million for the quarter ended March 31, 2000 as against Rs. 2.40 million in MQ 99. The sales are up by 16.68 % at Rs 122.40 million (MQ 99 Rs. 104.90 million). Other income is Rs. 12/-million (MQ 99 Rs. 8.70 million). The profits for the year ended March 31, 2000 are lower by 25% at Rs. 16.50 million, as compared to Rs. 22/-million in the previous financial year. The annual sales are marginally higher by 6.32 % at Rs. 447.50 million as against Rs. 420.90 million in the financial year ending March 1999. |
| Paintex Chemicals records net loss of Rs. 1.30 million in MQ 2000 |
| Paintex Chemicals Ltd has reported a net loss of Rs. 1.30 million for the quarter ended March 31, 2000 as against a loss of Rs. 1.31million in MQ 99. The sales for the quarter ended March 31,2000 have fallen by 18.08 % at Rs. 4.41 million compared to Rs. 5.38 million in MQ 99. Other income is Rs. 0.04 million (MQ 99 Rs. 0.21million). Depreciation charges have increased in MQ 2000 to Rs. 398 million as against Rs. 270 million in MQ 99.
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| Oswal Leasing net profit up by 5.07% in MQ 2000 |
| Oswal Leasing Ltd has reported a net profit of Rs. 0.29 million for the quarter ended March 31, 2000 as against Rs. 0.28 million in MQ 99. The sales are up by 7.23 % at Rs 0.34 million (MQ 99 Rs. 0.32 million). |
| Kopran MQ 2000 net profit up by 67.42% at Rs. 37 million |
| Kopran Ltd has recorded a net profit growth of 67.42% at Rs. 37/- million for the quarter ended March 31, 2000 as against Rs. 22.10 million in MQ 99. The sales for the quarter ended March 31,2000 are marginally higher by 1.18% at Rs 456.20 million (MQ 99 Rs. 450.90 million).The interest charges are higher in MQ 2000 at Rs. 56.3 million as compared to Rs. 40.6 million in MQ 99. |
| Nagarjuna Finance posts net loss of Rs. 409.20 million in MQ 2000 |
| Nagarjuna Finance Ltd has reported a net loss of Rs. 409.20 million for the quarter ended March 31, 2000 as against a loss of Rs. 345.20 million in MQ 99. The sales have declined by 76.09% at Rs 58.80 million. Other income is Rs. 19.80 million (MQ 99 Rs. 16.50 million). |
| Emami Ltd net profit rises 34.36% in MQ 2000 |
| Other income is Rs. 2.30 million (MQ 99 Rs (0.01) million). The profits for the year ended March 31, 2000 are higher by 72.08% at Rs. 170.70 million, as against Rs. 99.20 million in the previous financial year. The annual sales are 35.17 % up at Rs. 1483.50 million as against Rs. 1097.50 million for the financial year ending March 1999. |
| C-Mac Centum net profit up 101.50% in MQ 2000, turnover rises 40.02% |
C-Mac Centum Electronics Ltd has posted a net profit of Rs. 17.41million for the quarter ended March 31, 2000 as against Rs. 8.64 million in MQ 99, an increase of 101.50% The sales grew by 40.02 % at
Rs. 112.15 million in MQ 2000(MQ 99 Rs.80.09 million). Other income is Rs. 0.46 million.
The profits for the year ended March 31, 2000 grew by 153.99% at Rs. 55.70 million, as compared to
Rs. 21.93 million in the previous financial year. The annual sales are higher by 39.39% at Rs. 350.73 million as against Rs. 251.63 million in the financial year ending March 1999.
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| Oriental Containers MQ 2000 net profit down by 77.47% at Rs. 2.44 million |
| Oriental Containers Ltd has registered a net profit of Rs. 2.44 million for MQ 2000 as compared to Rs. 10.85 million in MQ 99. The sales have declined by 10.76% in the quarter ended March 31, 2000 at Rs 237.48 million (MQ 99 Rs.266.10 million) The depreciation charge for the quarter ended March 31, 2000 is higher at Rs. 9.515 million as against Rs.9.079 million in MQ 99. |
| Ram Ratna Wires MQ 2000 net profit up by 494.78% at Rs. 7.06 million |
Ram Ratna Wires Ltd has reported a net profit growth of Rs. 494.78% at Rs. 7.06 million for the quarter ended March 31, 2000 as against Rs. 1.19 million in MQ 99. The sales are up by 70.24 % at Rs. 155.02 million. Other income is nil for both MQ 2000 and MQ 99.
The profits for the year ended March 31, 2000 are Rs. 14.84 million, as compared to Rs. 4.12 million in the previous financial year, an increase of 260.24%. The annual sales have grown by 22.89% and stand at Rs.478.95 million as against Rs.389.73 million for the financial year ending March 1999.
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| Kinetic Fincap Board approves merger and exchange ratio |
| The Board of Directors of Kinetic Fincap Ltd has approved the scheme of amalgamation of both Kinetic Lease and Finance Ltd and Kinetic Capital Finance Ltd with the company. At a meeting held on April 29, 2000, the Board also agreed on the exchange ratio of equity shares of these companies with Kinetic Fincap. While one equity share of the company will be exchanged with 25 equity shares of Kinetic Capital Finance Ltd, three equity shares of Kinetic Lease and Finance Ltd will be exchanged for one equity share of Kinetic Fincap. |
| NIIT to set up subsidiary for online learning |
| At a meeting held on May 1, 2000, the Board of Directors of NIIT Ltd approved the setting up of a subsidiary company to be engaged in the business of online learning. NIIT is now in the process of carrying out the necessary formalities to incorporate the proposed subsidiary company. |
| Compudyune Winfosystems FY 2000 net profit at Rs 19.30 million |
| Compudyne Winfosystems Ltd has announced a net profit of Rs 19.30 million for the financial year ended March 31, 2000. The company has reported sales of Rs 60.12 million for the year as against Rs 17.54 million in FY 99. The other income for the year was Rs 4.23 million while the same for the quarter ended March 31,2 000 is Rs 3.63 million. The company recorded net sales of Rs 28.30 million for the quarter ended March 31, 2000 and a net profit of Rs 9.54 million for the same period. The company's reserves as on March 31, 2000 stood at Rs 153.11 million. The net worth of the company as on that date was Rs 215.12 million. |
| BSE imposes Special Margins on 21 scrips |
BSE has informed that the following scrips, which are at present under Special Margins, will attract Special Margins as indicated hereunder with effect from Tuesday, May 2, 2000. BSE has revised the rates of Special Margins keeping in view the closing price of the scrip on the last day of the settlement.
SR.No. SCRIP CODE SCRIP NAME GROUP SPECIAL MARGINPER SHARE (%)
31823 ARVIND REMEDIES B2 25
31707 BEST MULYANK Z 25
31460 CONT.CONTROLS B2 25
9073 HATHWAY BHAW B2 25
31897 HITECH ENT. B2 25
31816 IT MICROSYS B2 25
32033 JAIN STUDIOS B2 25
31870 MANSUKH FIN. B2 25
31131 MASCON GLOBAL B2 50
285 MODILUFT B2 25
32089 MOH GRANITES Z 25
30551 MONALISA INFOTE B2 25
26411 MOVILEX IRRIGAT B2 25
30281 QUANTUM INDS B2 25
30951 RAM INFORMAT B2 25
23033 SOUNDCRAFT I LT B1 25
32211 SUN EARTH CERAM B2 25
11431 VAKRANJEE IND B2 25
31940 VINTAGE FOODS B2 25
11642 WISEC GLOBAL B2 25
12493 YASHODHAN B2 25
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| Dealings in Optel Telecommunications resumed at BSE from May 02, 2000 |
| The members of the BSE were earlier advised not to deal in the securities of Optel Telecommunications Ltd (Scrip Code 31093). The Exchange has now informed them that dealings in the said scrip shall be resumed w.e.f. May 02, 2000. |
| BSE shifts 15 scrips from 'Z' Group to 'B-2' Group |
BSE has informed its members that it has shifted the following 15 scrips from the 'Z' Group to the 'B-2' Group with effect from Wednesday, the 3rd of May, 2000.
Alps Laboratories Limited (Scrip Code 26003)
Arun Agro Products Limited (Scrip Code 31777)
Link International Corporate Services Limited (Scrip Code 30345)
Mercury Fund Management Company Limited (Scrip Code 31732)
Pioneer Farms Limited (Scrip Code 31769)
Alexcon Foamcast Limited (Scrip Code 7933)
Best Mulyankan Consultants Limited (Scrip Code 31707)
Burr Brown (India) Limited (Scrip Code 11383)
C. T. Cotton Yarn Limited (Scrip Code 94)
Essen Supplements India Limited (Scrip Code 26532)
Gordon Herbert (India) Limited (Scrip Code 22148)
Insutech India Limited (Scrip Code 31447)
PVD Plast Mould Industries Limited (Scrip Code 7910)
Towa Sokki Limited (Scrip Code 31771)
Ritesh Polyesters Limited (Scrip Code 31057)
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