Sonata Software Ltd has posted a net profit of Rs 15.63 million for the quarter ended December 31, 2001 as against Rs 83.42 million for the corresponding period last fiscal. Total Income for the quarter ended December 31, 2001 is at Rs 171.48 million as compared to Rs 296.44 million for the quarter ended December 31, 2000.
The net profit of Sonata Software and its subsidiaries (consolidated) is at Rs 27.89 million for the quarter ended December 31, 2001 and the Total Income for the same period is at Rs 493.88 million.
Speaking on the occasion, Mr B Ramaswamy President & Managing Director stated that the results are in line with the guidance issued earlier.
He added, "Owing to the downturn in business environment the decision cycles are getting elongated. However focus is on customers who are looking at proven offshore project delivery capabilities in the Financial services, Banking and Insurance Segments. Sonata, with its established capabilities in offshore delivery and reference customers is well positioned to take advantage of the growth opportunities once the downturn is reversed."
UTI Bank Q3 net up by 55.27%
UTI Bank Ltd has posted a net profit of Rs 357.60 million for the quarter ended December 31, 2001 as compared to Rs 230.30 million for the quarter ended December 31, 2000. Total Income for the quarter ended December 31, 2001 is at Rs 3940.40 million as against Rs 2658.50 million for the same period last year.
During the current quarter, the Bank has raised additional Tier I capital of Rs 1575.90 million and Tier II Capital of Rs 1120 million.
Other Income of Rs 1043 million for the current quarter includes commission from guarantees, letters of credit, gains from security transactions and fees earned from provision of services.
Provisions and Contingencies which includes provision for NPAs as well as standard assets made by the Bank has increased from Rs 29.10 million in DQ-00 to Rs 475.10 million in the current quarter ended December 31, 2001.
LML Q3 results on Jan 28, 2002
A meeting of the Board of Directors of LML Ltd will be held on January 28, 2002 to take on record the Unaudited Financial Results for the Quarter ended December 31, 2001.
E.Merck appoints new Additional Director
E.Merck (India) Ltd has informed BSE that Prof. Thomas Schereckenbach has been appointed as Additional Director at the Board Meeting held on December 12, 2001.
The Company has also informed that Mr.K. J.Mallya has been appointed as the Company Secretary of the Company on November 19, 2001 and he will also be the Compliance Officer of the Company.
ICICI sells Maharashtra Polybutenes stake to promoters at Rs 10 per share
Maharashtra Polybutenes Ltd has informed BSE that ICICI Ltd. has sold 11,40,000 equity shares acquired on conversion of loans, of the company, at the rate of Rs.10/- per share on January 08, 2002 to the promoters and associates under a buyback arrangement on a Spot Delivery basis.
ICI India Q3 results on Jan 21, 2002
A meeting of the Board of ICI India Ltd will be held on January 21, 2002 to consider the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2001.
ACC Committee allots shares to employees
Associated Cement Cos. Ltd has informed BSE that 18300 shares have been allotted through a resolution passed by a circular dated December 31, 2001 by the shareholders/Investors Grievance Committee to the permanent employees of the company including employees retired during the FY 2001-02. The company has received from applicants the issue price of Rs.108/- per share in full for 18300 shares allotted on December 31, 2001.
K C Thapar & Bros acquires 0.046% stake in BILT
Ballarpur Industries Ltd (BILT) has informed BSE that, Mr.Karam Chand Thapar & Bros. Ltd. has acquired 33034 (0.046%) the paid up equity capital. Consequent upon the said acquisition, the total shareholding of Karam Chand Thapar & Bros.Ltd. in the company has increased from 69,99,426 (9.78%) to 70,32,460 (9.83%) equity shares of Rs.10/- each.
The voting rights in respect of the said 70,32,460 equity shares of Rs.10/- each vest with Mr.L.M.Thapar.
L & T Q3 results on Jan 25, 2002
A meeting of the Board of Directors of Larsen & Toubro Ltd will be held on January 25, 2002 to consider and take on record the Unaudited Financial Results of the Company for the quarter ended December 31, 2001.
CRISIL downgrades rating of Birla Global Finance instruments
Birla Global Finance Ltd has informed BSE that CRISIL has downgraded its rating in respect of company Fixed Deposit from FA+ to FA and Secured Debentures amounting to Rs.700 million from A to BBB+.
The above rating shall be valid for a period of 1 year.
Global Infrastructure members approve issue of shares to FD holders in settlement of dues
Global Infrastructure & Technologies Ltd has informed BSE that at the EGM of the company held on January 07, 2002, the shareholders have approved, for issue and allotment of not more than 1,24,200 equity shares of Rs.10 each at par to Fixed Deposit holders of the company, who have consented to accept the allotment of shares in lieu of repayment of their entire dues of Fixed Deposit amounts kept with the company.
High Court directs TCI Finance to seek members approval on amalgamation of companies
TCI Finance Ltd has informed BSE that, the Hon'ble High Court Andhra Pradesh, Hyderabad has directed the Company to hold a General Meeting of shareholders on February 09, 2002 for getting their approval for amalgamation of following companies with the company.
M/s Giri Roadlines Pvt.Ltd.
M/s Shweta Developers Pvt. Ltd.
M/s Neera Finance & Investments Pvt. Ltd
M/s Grow Well Commercial & Trading Pvt. Ltd
M/s TCI Securities Ltd.
M/s KPM Investment & Finance Ltd.
E.Merck FY-01 results on Jan 29, 2002
A meeting of the Board of Directors of E.Merck (India) Ltd will be held on January 29, 2002 to consider the Accounts for the year ended December 31, 2001 and for recommendation of final Dividend for the year 2001.
Central Govt approves appointment of Sunil Agarwal as CMD of Vaibhav Gems
Vaibhav Gems Ltd has informed BSE that the company has received approval from Central Govt. for the appointment of Shri. Sunil Agrawal as Chairman and MD of the company for the period of 5 years w.e.f. May 16, 2001.
Trading to resume in Griffin Chemicals from January 14, 2002
BSE has informed the members of the exchange that trading in the securities of Griffin Chemicals Ltd can now be resumed with effect from January 14, 2002. BSE had earlier advised the members of the exchange not to deal in the securities of the abovementioned company because of non-compliance of listing requirement regarding intimation of dates of closure of Registrar of Members/Record dates to the Exchange.
The trading will be resumed on trade to trade basis.
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