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May 13, 2000
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| Stewarts and Lloyds of India net profit at Rs. 11.10 million in FY 2000
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| Stewarts and Lloyds of India Ltd has reported a net profit of Rs. 11.10 million for the year ended March 31, 2000 as against Rs. 10.80million in FY 99. The sales are up by 14.58 % at Rs. 495.80 million (FY 99 Rs. 432.70 million). Other income is Rs. 1.50 million (FY 99 Rs. 1.30 million). On the paid up equity share capital of Rs. 30/- million, the company has reported an EPS of Rs. 3.69 in FY 2000 as against Rs. 3.61 in FY 99.
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| Zuari Industries records loss of Rs. 215.98 million in FY 2000
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| Zuari Industries Ltd has recorded a net loss of Rs. 215.98 million for the year ended March 31, 2000 as against a profit of Rs. 159.73 million in FY 99. The sales are up by 63.56% at Rs. 13924.43 million (FY 99 Rs. 8513.43 million). Other income is Rs. 235.95 million (FY 99 Rs. 346.09 million). The depreciation charges for FY 2000 are up to Rs. 381.73 million from Rs. 145.65 in FY 99. The interest charges have also increased from Rs. 516.89 million in FY 99 to Rs. 1035.57 million in FY 2000.
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| Best Mulyankan to change business profile, to enter IT services
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In line with the shift in the business profile of the company from
consultancy services to convergence technology, Best Mulyankan Consultants Limited has changed its name to Sun Infoways Limited with effect from May 11, 2000.
The company has made heavy investments in the field of wireless application protocol, mobile telephony, Internet banking and trading and Internet security. Besides, it has also been engaged in developing e-commerce products and setting up development centres at Mumbai and Bangalore.
Apart from undertaking and completing contracts for overseas clients worth Rs. 60 million, the company has also sourced contracts worth 2.5 million US % from the Australian Telecom Company and a US based Internet company.
Currently, the company is in the process of completing B2B and B2C shopping portals.
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| Linc Pen & Plastics to consider preferential allotment of shares
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| At a meeting to be held on May 23,2000, the Board of Directors of Linc Pen & Plastics Ltd will consider the preferential allotment of shares of the company.
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| Hikal Chemical Industries MQ 2000 net profit at Rs. 50.20 million, Board proposes 1:1 bonus issue |
| Hikal Chemical Industries Ltd has reported a net profit of Rs. 50.20 million for the quarter ended March 31, 2000 as against Rs. 12.20 million in MQ 99, an increase of 311.48%. The sales are up by 35.48 % at Rs. 288.10 million (MQ 99 Rs. 212.50 million). The profits for the year ended March 31, 2000 are Rs. 172.70 million, as compared to a loss of Rs. 27.40 million in the previous financial year. The annual sales are higher by 110.25 % at Rs. 1028.10 million as against Rs. 489/- million in the financial year ending March 1999. On the paid up equity share capital of Rs. 50.30 million, the company has reported an EPS of Rs. 34.33 for FY 2000.
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| Surya Roshni denies entry into Internet services
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| Responding to a news article that appeared in the Times of India on New Delhi on 22.04.2000, Surya Roshni Ltd has clarified that the company had not taken any decision regarding its foray as an internet service provider. The Company also denied any business relationship between Primesoftex Ltd. and itself.
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| Palace Height Hotel allots 6 million shares to UTI
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| The Board of Directors of Palace Height Hotel Ltd has allotted 6 million equity shares of Rs.10/- each at a premium of Rs.15/- per share to UTI.
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| Harbor Network to consider Rinki Petro's proposal of acquiring 14.5% stake
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| The Board of Directors of Harbor Network Systems Ltd is considering the proposal received from Rinki Petro Chemical & Industries, engaged in petrochemicals, to acquire 14.5% stake in the equity capital of the company.
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| Work at Apollo Tyres Vadodara plant stalled
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| Apollo Tyres Ltd has informed the BSE that production at its Vadodara plant has come to a stop due to some workers indulging in violence at the unit recently. The management is planning to take disciplinary action against the workmen, who have gone on an illegal strike, and is making efforts to resume production at the plant at the earliest.
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| Spic Electronic and System FY 2000 net profit at Rs. 15.47 million
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| Spic Electronic and System Ltd has posted a net profit of Rs. 15.47 million for the year ended March 31, 2000 as against Rs. 26.45 million in FY 99, a fall of 41.50%. The sales have gone down by 12.98% to Rs. 552.95 million (FY 99 Rs. 635.46 million). Other income is Rs. 5.40 million (FY 99 Rs. 6.47 million).
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| Camphor & Allied Products FY 2000 net profit at Rs. 40.45 million
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| Camphor & Allied Products Ltd has reported a net profit of Rs. 40.45 million for the year ended March 31, 2000 as against Rs. 37.25 million in FY 99. The sales for FY 2000 have fallen by 6.96% to Rs. 766.25 million (FY 99 Rs. 823.57 million). Other income is Rs. 21.91 million (FY 99 Rs. 19.86 million).
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