Dewang Master revises open offer to acquire stake in voting capital of Harijay Industries to 24.84%

Weizmann Capital Ltd has informed BSE that acquirer Mr Dewang Master has decided to make a upward revision in the offer size to the shareholders of Harijay Industries Ltd (HIL) from the present 10,000 equity shares at a offer price of Rs 10 each (representing 20 % of the paid up equity share capital of Harijay Industries Ltd) to 12420 equity shares at the offer price of Rs 10 each. (representing 24.84% of the paid up equity share capital of Harijay Industries Ltd) . Earlier it was informed that the acquirer is making an open offer to all the shareholders (other than the promoters) to acquire upto 20% of the voting capital representing 10000 fully paid up equity shares of Rs 10/- each at a price of Rs 10 per fully paid up equity share of HIL

Gujarat Heavy Chemicals appoints Company Secretary

The Board of Directors of Gujarat Heavy Chemicals Ltd in their meeting held on April 24, 2002 appointed Mr J P Mehrotra as a Company Secretary of the company and designated him as Sr General Manager Finance & Company Secretary, in place of Mr P Sampath who has relinquished the position of Company Secretary and continues as Executive Director Finance of the company.

Aarti Drugs to delist equity shares from Ahmedabad Stock Exchange

Aarti Drugs Ltd has informed BSE that the Board of Directors of the company at its meeting held on May 10, 2002 has decided to voluntary delist the equity shares of the company from the Stock Exchange at Ahmedabad subject to approval of the company and compliance of all formalities The Board has re-appointed Mr Prakash M Patil and Mr Satish P Nachane as Managing Directors of the company wef June 01, 2002 for a period of five years. Their current term as Managing Directors will expire on May 31, 2002. Re-appointment of Mr Harshit M Savla as Joint Managing Director of the company wef June 01, 2002 for a period of five years. His current term as Joint Managing Director will expire on May 31, 2002.

Deepak Mehta reappointed as Whole-time Director of Precision Wires India

Precision Wires India Ltd has informed BSE that a meeting of the Board of Directors was held today (May 10, 2002) and the following matters were discussed: 1. Proposal of diversification into manufacture of various types of electrical insulated covered conductors/wires 2. Subject to the approval by the Company at General Meeting and other approvals as may be necessary and based on the recommendations of the remuneration committee of Directors the Board has reappointed the Whole-time Director Mr Deepak M Mehta for a further period of five years from August 01, 2002.

Pioneer Overseas Finance to seek shareholders approval for issue of shares on preferential basis to promoters

Pioneer Overseas Finance Ltd has informed BSE that at the Board meeting held today (May 10, 2002) it has been decided to convene an EGM of the shareholders of the Company on June 26, 2002 to consider the following 1. Increase in authorised share capital of the Company to Rs 200 million from Rs 100 million 2. Issue of 8,00,000 equity shares of Rs 10 each to the promoters on preferential basis

TRF declares 26% interim dividend

TRF Ltd has informed BSE that the Board at its meeting held today (May 10, 2002) declared an interim dividend of Rs 2.60 per equity shares of Rs 10 each.

Agee Gold Refiners announces change in management structure

Agee Gold Refiners Ltd has informed BSE the following changes in the management structure of the Company: 1.Mr Chintan Amarish Patel and Mr Tapan Mukesh Patel are appointed as Additional Directors of the Company w e f April 29, 2002. 2.Mr Sanjay Gupta ceased to be an Executive Director w e f April 16, 2002 on expiry of his tenure as an Executive Director. However he continues as a Director of the Company.

HLL shareholders approve disposal of its detergents undertaking engaged in the business of industrial and institutional cleaning

Hindustan Lever Ltd has informed BSE the result of the postal ballot on ordinary resolution relating to disposal of the Company's part of the detergents undertaking engaged in the business of industrial and institutional cleaning. The Company has informed that 1,28,57,61,084 votes were in favour and 13,92,057 votes were against the resolution and accordingly the said resolution was approved by an over whelming majority of 99.89% votes.

Chennai Petro FY-02 results on May 22, 2002

Chennai Petroleum Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 22, 2002 to consider the statement of audited accounts for the financial year ended March 31, 2002 and also to consider the recommendation of dividend for the said year.

Tata Chemicals reschedules Board meeting for considering interim dividend

Tata Chemicals Ltd has informed BSE that the meeting of the Board of Directors of the Company scheduled to be held on May 17, 2002 to consider declaration of interim dividend on ordinary shares of the Company for the financial year 2001-02 has been postponed to May 20, 2002.

Geometric Software enters into an agreement with IBM Global services

Geometric Software Solutions Co. Ltd has informed BSE that it has entered into an agreement with IBM Global Services India Pvt Ltd under which the Company will provide its PLM expertise and resources for executing projects for IBM Global Services customers around the world. There is no assured or minimum revenue specified in the contract. The management believes that while the revenue potential of the agreement can be significant, this will take time and will be spread over several quarters.

Alpic Finance members to consider issue of preferential shares to FINPIC Financial Services

Alpic Finance Ltd has informed BSE that EGM of the Company is proposed to be held on May 30, 2002 for issue of preferential shares to FINPIC Financial Services Pvt. Ltd aggregating to Rs 50 million in lieu of business proposed to be acquired by the Company from FINPIC. The shares will be issued at Rs 10 per share.

M&M FY-02 results on June 17, 2002

Mahindra & Mahindra Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 17, 2002 for consideration of the audited financial results of the Company for the year ended March 31, 2002.

Trent declares 50% Interim Dividend

Trent Ltd has informed BSE that the Board of Directors at their meeting held today (May 10, 2002) have declared an Interim Dividend at the rate of 50% (Rs 5 per share) for the financial year 2001-2002. The Company has fixed May 30, 2002 as the Record Date for the purpose of payment of the said Interim Dividend to the shareholders registered in the books of the Company as well as the beneficial owners of the Shares (as per details by the Depositories) as on May 30, 2002.

M & M fixes Book Closure for AGM

Mahindra & Mahindra Ltd has informed BSE that the Company proposes to close the Register of Members and Share Transfer books for payment of dividend and AGM from June 29, 2002 to July 27, 2002, both days inclusive. The dividend on the shares for the year ended March 31, 2002 which may be recommended by the Board of Directors at the Meeting to be held on June 17, 2002 and as may be declared at the forthcoming AGM of the Company will be made payable to those shareholders whose names will appear on the Company's Register of Members as on the aforesaid book closure date

NIIT launches industry endorsed ITES education

NIIT, the IT education pioneer launched 'Planetworkz' a new initiative to address the manpower needs of the growing IT enabled services (ITES) industry in India. The new initiative was launched by NIIT Chairman Rajendra S Pawar today (May 10, 2002) in the presence of Nasscom Chairman Arun Kumar and Nasscom President Kiran Karnik. "NIIT's ITES Education offering is a result of long and intensive interaction with key ITES industry leaders. The ITES industry participation in curriculum development is the key to NIIT strategy," said Rajendra Pawar Chairman NIIT. 'Planetworkz' launches NIIT's Manpower Development initiative for ITES industry that will contribute to the existing pool of 1,07,000 ITES manpower in India.

Ankur Drugs & Pharma reissues forfeited shares

Ankur Drugs & Pharma Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on April 13, 2002, the Director (Mr Purnandu Jain) had been authorised to finalize the re-issue of forfeited shares. In terms thereof 6,67,200 Equity Shares have been re-issued @ Rs 7 per share as fully paid by the Director on May 09, 2002.

GNFC FY-02 net down by 32.09%

Gujarat Narmada Valley Fertilisers Company Ltd has posted a net profit of Rs 716.8 million for the financial year ended March 31, 2002 as compared to Rs 1055.50 million for the financial year ended March 31, 2001. Total Income has increased from Rs 14787.60 million in FY-2001 to Rs 15079.50 million in the financial year ended March 31, 2002. The Board has decided to recommend a dividend for the year ended March 31, 2002 @ 25% (ie Rs 2.50 per equity share of Rs 10 each)

Champagne Indage announces change in management structure

Champagne Indage Ltd has informed BSE that the following changes in Directorship have taken place on April 30, 2002 at the Board Meeting held on that date. 1. Mr M A Pandit resigned as Director of the Company. 2. Mr Haresh G Desai has been appointed as Director in the casual vacancy caused by the resignation of Mr M A Pandit.

Pankaj Shah resigns from Directorship of Ankush Finstock

Ankush Finstock Ltd has informed BSE that Mr Pankaj M Shah has given resignation from Directorship as on May 8, 2002 and three new Directors have been appointed as on May 07, 2002. Name of the new Directors are as under- Jayesh A Shah Satish N Shah Bharat R Modi

Digital Art Media, the Multimedia Division of Compudyne Winfosystems wins 'Golden Web Award'

Compudyne Winfosystems Ltd has informed BSE that Digital Art Media, the Multimedia Division of Compudyne, has won the prestigious "Golden Web Award" for its own website www.digitalartmedia.com. The award was presented by International Association of Web and Media design, USA (IAWMD), Mr Marc Kolbe, Chief Operating Officer of Digital Art Media has collected the award on behalf of Compudyne.

Haresh G Desai appointed as Director of Champagne Vineyards

A meeting of the Board of Directors of Bharat Forge Ltd is scheduled to be held on May 18, 2002 to consider Balance Sheet and Profit and Loss Account for the year ended on March 31, 2002. After consideration of accounts, the Board may also consider recommendation of Dividend.

Bharat Forge FY-02 results on May 18, 2002

A meeting of the Board of Directors of Bharat Forge Ltd is scheduled to be held on May 18, 2002 to consider Balance Sheet and Profit and Loss Account for the year ended on March 31, 2002. After consideration of accounts, the Board may also consider recommendation of Dividend.

BSE imposes Special Margin on Aplab

BSE has informed the members of the exchange that Special Margin of 25% has been imposed on Aplab Ltd with effect from today (May 10, 2002). Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net).

HFCL FY-02 results by June 30, 2002

Himachal Futuristic Communications Ltd has informed BSE that the company will publish the audited financial results for the year ended March 31, 2002 on or before June 30, 2002 and as such the company will not publish the unaudited financial results for the quarter ended March 31, 2002.

Lakshmi Automatic Looms operations at Foundry Division and Weaving Division suspended

Lakshmi Automatic Loom Works Ltd has informed BSE that in order to minimise the loss, the operations in the Foundry Division and Weaving Machinery Division have been suspended w e f February 13, 2002 and May 05, 2002 respectively.

ADF Foods to seek shareholders approval for transfer of registered trademark "mother's recipe" as a going concern

ADF Foods Ltd has informed BSE that subject to the approval of shareholders under section 293(1) (a) of the Companies Act, 1956 ("the Act") such consent to be obtained by postal ballot as per the requirements of Section 192A of the Act, approval be and is hereby granted to the transfer by the Company of the business connected with or relating to the registered trademark "Mother's Recipe" as a going concern and the goodwill associated therewith at or for the consideration of Rs.600,00,000 (Rupees sixty million only) and upon and subject to the other terms and conditions contained in the draft agreement for sale placed on the table and initialed by the Chairman for the purpose of identification and that the Executive Director be and is hereby authorized to execute an agreement in terms of the aforesaid draft agreement for sale.

Mascot Systems FY-02 net up by 20.80%

Mascot Systems Ltd has posted a net profit of Rs 453 million for the year ended March 31, 2002 as compared to Rs 375 million in the financial year ending March 31, 2001. Net sales have increased from Rs 3403 million in FY-2001 to Rs 4074 million in the year ended March 31, 2002. The Board has recommended a dividend of 40% (Rs 1.60 per share) as compared to 15% (Rs 0.60 per share) paid last year. This translates into a payout ratio of 9.60% and will involve cash distribution of Rs 43.42 million. In FY 2001 the company incurred a non-recurring charge of Rs 91 million towards acquisition of new business revenues. Following the announcement of results, Mr Gerhard Watzinger CEO Mascot Systems said: "In FY 2002 we delivered consistent financial performance in a tough year and difficult operating environment. We utilized the previous year as an opportunity to strengthen our existing client relationships, establish operations in extended geographies and implement key initiatives that have raised the level of our operating efficiencies. We have also been successful in our strategic intent of increasing the contribution from offshore delivery services. I believe that the signs of optimism have returned and we expect to post an encouraging quarter on quarter performance in FY-2003."