Pentamedia Graphics fixes record date for bonus issue
Pentamedia Graphics Ltd has fixed September 27, 2002 as the record date for the purpose of allotting bonus shares.
The Company has further informed that at the 26th AGM of the Company held on July 10, 2002 the shareholders have given the approval for issue of bonus shares at the proportion of one equity share for every ten shares held.
Cadila Healthcare fixes book closure for dividend
Cadila Healthcare Ltd has informed BSE that the Company has fixed Book Closure dates from September 16, 2002 to September 28, 2002 (both days inclusive) for the purpose of payment of dividend on equity shares as may be approved by the members at the 7th AGM of the Company to be held on September 28, 2002.
JK Industries examining possibilities of amalgamation of Vikrant Tyres
JK Industries Ltd has informed BSE that the company has progressed with making a proposal to the Industrial Development Bank of India and its several options are pending consideration with the lenders. The proposal includes, inter-alia a possibility of amalgamating JK Industries Ltd and or its undertaking/divisions and Vikrant Tyres for making a combined tyre company. The proposal is under consideration of IDBI and other lenders and the company is not aware of its outcome.
Wipro allots equity shares pursuant to exercise of stock options
Wipro Ltd has informed BSE that the Board of Directors vide circular resolution effective August 13, 2002 resolved to issue and allot 551 equity shares of Rs 2 each pursuant to exercise of stock options by eligible employees.
Moser Baer India denies news item
With reference to a news item appearing in a leading financial daily titled "Moser Baer plans insurance foray with Vijaya Bank, PNB" Moser Baer India Ltd has informed BSE that the Company has not released any such news to the press and neither it is at the current juncture entering into any diversification (including the insurance business).
Further the Company has expressly denied the news item.
Vikrant Tyres examining possibilities of amalgamation with J K Industries
Vikrant Tyres Ltd has informed BSE that the company has sent a resolution to the Directors for considering and if approved, for passing by circulation to examine all the possibilities of restructuring the company including by amalgamation with J K Industries Ltd or any undertaking or division thereof for setting up of a combined tyre company and for this purpose to appoint Advisors/Consultants/Financial Consultants/Legal Advisors/Lawyers/Valuers.
Kamla Dials & Devices Ltd has informed BSE that the Board of Directors in their meeting held on August 14, 2002 have proposed the dividend @ 10% (ie Re 1 per share) to the shareholders of the company.
Bharat Electronics revises Book Closure for AGM
Bharat Electronics Ltd has informed BSE that the Register of Members and the Share Transfer Register of the Company would be closed from September 17, 2002 (and not September 16, 2002 as intimated earlier ) to September 30, 2002 both days inclusive for the purpose of taking record of the shareholders for the payment of dividend for the year ended March 31, 2002 and in connection with the 48th AGM to be held on September 30, 2002.
Tube Investments Board to consider buyback
Tube Investments of India Ltd has informed BSE that a meeting of the Board of Directors of the Company has been convened on August 22, 2002 for considering the proposal for buyback of equity shares of the Company.
Godrej Industries Board declares interim dividend
Godrej Industries Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on August 14, 2002 the Board has
Declared interim dividend of 10% (ie Rs 0.60 per share) on the equity shares of the face value of Rs 6 per share of the Company for the financial year 2001-02.
Hinduja TMT fixes book closure for dividend
Hinduja TMT Ltd has fixed the book closure from September 17, 2002 to September 24, 2002 (both days inclusive).
Teledata Informatics members approve issue of shares to promoter/reissue of forfeited shares
Teledata Informatics Ltd has informed BSE that the shareholders at the EGM held on August 7, 2002 have agreed to issue of following shares:
To allot two million equity shares of the Company to Mr K Padmanabhan Promoter of the Company at the rate of Rs 16 per equity share (face value of Rs 10 per share and premium of Rs 6 per share) on preferential basis.
To reissue 5,01,900 forfeited equity shares at the rate of Rs 16.50 per equity share (Rs 10 face value and Rs 6.50 premium).
Goldiam International fixes record date for bonus issue
Goldiam International Ltd has fixed September 2, 2002 as record date for bonus issue of one share for every one existing equity share held.
Transactions in equity shares will be on cum bonus basis till August 28, 2002 and ex-bonus basis from August 29, 2002.
Munoth Hire Purchase members approve stock split
The members of Munoth Hire Purchase Ltd at their meeting held on August 8, 2002 have approved the following:
Increase in Authorised Capital from Rs 1,50,00,000 to Rs 2,50,00,000
Atul Kamath, CEO Trigyn Technologies expires
Trigyn Technologies Ltd has informed BSE the sudden demise of its co-founder, Wholetime Director and CEO, Mr Atul Kamath. Mr. Kamath was on a business development visit to the US and expired in sleep, on August 13, 2002. The death is diagnosed to have occurred due to a massive cardiac arrest.
The board also decided to appoint Mr Tushar Vaidya, a Whole time Director and co founder of the Company as CEO with immediate effect. Mr Vaidya has been spearheading the global sales and marketing activities and is based in New Jersey, USA.
ETP Corporation fixes book closure date for bonus issue
Members of the exchange are informed that ETP Corporation Ltd has fixed September 21, 2002 to September 27, 2002 as book closure date for bonus issue of one share for every one existing equity share held.
Transactions in equity shares will be on cum bonus basis till September 17, 2002 and ex-bonus basis from September 18, 2002.
Bharat Electronics fixes book closure for dividend
Bharat Electronics Ltd has fixed the book closure from September 16, 2002 to September 30, 2002 both days inclusive for the purpose of taking record of the shareholders for the payment of dividend for the year ended March 31, 2002 and in connection with the 48th AGM of the company to be held on September 30, 2002.
Federal Court decision delays Dr Reddy's Cipro launch
Dr Reddy's Laboratories Ltd announced today (August 14, 2002) that a three judge panel of the United States Federal Circuit Court of Appeals has issued a decision affirming the validity of Bayer's 444 patent on Ciprofloxacin. In the light of this development, Dr Reddy's will be unable to launch the product until Bayer's 444 compound patent expires on December 09, 2003.
In July this year, the US Food and Drug Administration had issued final approval for the Company's Abbreviated New Drug Application (ANDA) for Ciprofloxacin Tablets 100, 250, 500 and 750 mg. The Company has paragraph IV certifications on all dosages and believes is the first to file on the 100 mg, brand sales of which were $ 1.5 million in 2001 (IMS 2001).
Ciprofloxacin is the AB rated generic equivalent of Bayer Corporation's CiproŽ. CiproŽ is a broad-spectrum antibiotic, approved for the treatment of several types of infection.
Madhusudan Oils & Fats announces change in management structure
Madhusudan Oils & Fats Ltd has informed BSE that the Board at its meeting held on August 13, 2002 appointed Shri Vikram Somany as Chairman-Cum-Managing Director of the Company (formerly he was Chairman and Non-executive Director of the Company)
The Board at its meeting also appointed Shri S C Kothari as Whole Time Director (formerly he was Non-Executive Director of the Company).
The Board has further informed that Shri N K Maheshwari and Shri O P Bhandari have been appointed as Additional Directors of the Company
Shrish Anjaria resigns from Directorship of Lee & Nee Softwares Exports
Lee & Nee Softwares Exports Ltd has informed BSE that the Board of Directors have accepted the resignation of Mr Shrish Anjaria from the Directorship of the Company with effect from April 1, 2002
GM Ramamurthy coopted as nominee Director of IDBI in the Board of Tamilnadu Petroproducts
Tamilnadu Petroproducts Ltd has informed BSE that the Board of Directors at their Meeting held on August 2, 2002 accepted the withdrawal of nomination of Thiru S Gajendran as Director by IDBI.
The Board of Directors at their Meeting held on August 2, 2002 co-opted Thiru G M Ramamurthy as Director representing IDBI vice Thiru S Gajendran.
Mascon Global Board approves issue of shares to ISC Holdings Inc, USA
Mascon Global Ltd has informed BSE that the Board of Directors at its meeting held on August 10, 2002 approved the following, subject to approval of members at the next AGM:
1. Appointment of Kishore Soni as Director.
2. Issue of further capital by way of public / preferential issue including ADR / GDR basis for meeting the long term requirements including acquiring business in India/abroad to the extent of US $ 150 million.
3. Issue of shares/securities to ISC Holdings Inc, USA on a preferential basis up to US $ 11 million.
The board has accepted the resignation of Mr. H. K.Agarwal, Director of the company.
Lahoti Overseas Board meeting for buyback adjourned to August 20, 2002
Lahoti Overseas Ltd has informed BSE that a meeting of the Board of Directors of the Company which was scheduled to be held on August 13, 2002 to consider the buyback of equity shares have been adjourned for the want of quorum to August 20, 2002.
