Syngenta South Asia makes open offer to acquire 49.01% of the paid up capital of Syngenta India at Rs 130 per share

Syngenta South Asia a company registered under the laws of Switzerland is hereby making a voluntary offer to acquire up to 1,56,15,214 fully paid up equity shares of Rs 5 each representing 49.01% of the paid up equity share capital of Syngenta India Ltd (SIL) at a price of Rs 130 per share payable in cash. If the public shareholding is reduced to 10% or less of the voting capital of Syngenta India Ltd then SIL will be requested to make applications to the Stock Exchanges where the shares are listed, for delisting of shares. The specified date is November 29, 2002 The Date of Opening of the offer is December 30, 2002 The Date of Closing of the offer is January 28, 2003

BPCL appoints new Director

Bharat Petroleum Corporation Ltd informed BSE that Shri S Radhakrishnan, Executive Director (Marketing Coordination) has been appointed as Director on the Board of the company and he has taken over as Director (Marketing) with effect from November 1, 2002

Andhra Bank proposes to return the Capital to GOI

Andhra Bank has informed BSE that it has decided to approach Reserve Bank of India and Ministry of Finance seeking permission for returning the capital of Rs 500 Million to Government of India during the financial year 2002-03

Widia (India) announces change in management structure

Widia (India) Ltd has informed BSE that Mr.Juergen Schubert and Mr.Andreas Nobis have resigned from the Board of Directors of the company. Mr.Gerd Wagner also ceases to be the member of the Board and Managing Director and CEO of the company with effect from October 30, 2002

Standard Industries intends to develop company's property at Prabhadevi, Mumbai

Standard Industries Ltd has informed BSE that the company has executed a letter of intent for the proposed development of company's property at Prabhadevi, Mumbai to enable the company to discharge the dues of the Banks and its employees / workmen as per the VRS scheme.

SRF Polymers allots shares pursuant to the Scheme of amalgamation, arrangement & reconstruction

SRF Polymers Ltd has informed BSE that at its meeting held on October, 30, 2002 has allotted 600 fully paid-up equity shares to a shareholders of SRF Ltd pursuant to the Scheme of Amalgamation, Arrangement and Reconstruction between SRF Ltd, SRF Chemicals Ltd.

K Bhati ceases to be the Director of Shipping Corporation Of India

Shipping Corporation Of India Ltd has informed BSE that Shri K.R. Bhati, ceased to be Director of the company.

Pearl Global to issue two more final notices to defaulting shareholders

Pearl Global Ltd has informed BSE that the Board have re-considered and decided to issue two more final Notices to the defaulting shareholders holding partly paid - up shares for payment of Allotment Money in arrears alongwith interest @15% p.a from May 21, 1994 till the date of payment and afterwards forfeit the said shares in case no allotment money in arrears is received. Earlier many reminders, requesting to pay the allotment money in arrears alongwith interest @ 15% p.a from May 21, 1994 till the date of payment on their shares were issued to the defaulting shareholders.

DRT confirms sale of assets of Shibi Capsules in favour of Natural Capsules

Natural Capsules Ltd has informed BSE that the Hon'ble DRT III, Mumbai on OA no.2446 of 2000 has awarded the confirmation of sale of assets of Shibi Capsules, Pondicherry in the company's favour through ITCOT Ltd., Chennai, the official receiver appointed for the purpose of disposal of the above assets.

Mercator Lines vessel put into operation after repairs

Mercator Lines Ltd has informed BSE that one of the vessel of the company namely M.T. Bhuvani (Ex - M.T. Feliz) suffered major breakdown and remained inoperative for about two months. However the vessel has now been put into operations after necessary repairs. The loss / damage is covered by the insurance.

DPIL to sell Tippuk Tea Estate to Warren Tea

DPIL Ltd has informed BSE that in the Board Meeting held on October 30, 2002 it was decided to sell subject to the approval of the shareholders and such other approvals as may be required Tippuk Tea Estate of the Company in Assam to Warren Tea Ltd.

Citurgia Biochemicals Board approves amalgamation of Jasper Invt with the Company

Citurgia Biochemicals Ltd has informed BSE that the Board of Directors at its meeting held on October 30, 2002 have approved the proposal of amalgamation of the Company's Wholly Owned Subsidiary, Jasper Investments Ltd with the company subject to the approval, if any, required. The Amalgamation will be effective from October 1, 2002

Order of Moratorium issued for Nedungadi Bank

Reserve Bank of India has informed that the Government of India have under Section 45 of the Banking Regulation Act, 1949 issued an Order of Moratorium for Nedungadi Bank Ltd. dated November 2, 2002 for the period from the close of business on November 2, 2002 up to and inclusive of February 1, 2003.

Saw Pipes FY-02 results on Nov 14, 2002

Saw Pipes Ltd has informed BSE that a meeting of Board of Directors will be held on November 14, 2002 to consider and approve the Audited Financial Accounts for the year ended September 30, 2002 and to consider the recommendation of dividend to the shareholders.

Alembic enters into contract research agreement with Chiron Corp - California

Alembic Ltd has informed BSE that the company has entered into contract research agreement with Chiron Corporation, a Research based pharmaceutical company headquartered in Emeryville, California. Chiron applies its advanced understanding of the biology of cancer and infectious disease to develop products from its flatforms in proteins, small molecules and vaccines. The multi year agreement will seek to utilize the expertise offered by company in the field of Heterocyclic chemistry.

Tisco denies news item

With reference to the news article appearing in a leading financial daily captioned "Tatas in talks to buy Ispat" Tata Iron & Steel Company Ltd has informed BSE that the company has not approached ICICI Bank and the IDBI with any proposal to buy Ispat Industries. The company denies the news article and refers it as incorrect to this extent.

BSE revises special margin on 44 scrips

BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from today (November 4 2002). The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. Members are hereby informed that special margins will be imposed on the basis of memberwise gross purchase or sales position (clientwise net) as indicated below: Code Name Group Per Share(Purchase)(%) Per Share(Sale)(%) 532311 Amex Informatio B2 25 531823 Arvind Remedy B1 25 532113 Brijlaxmi Le B2 25 508814 Cosmo Films B2 25 532099 Database Fin B2 25 532365 Dynacon System B2 25 505200 Eicher Motor B1 25 500128 Electrosteel Ca B1 25 506156 Etc Networks B2 25 511744 Fcgl Industries B2 25 532326 Fortune Info B2 25 531399 G G Automative B2 50 500655 Garware Poly B2 25 506109 Genesys Inter B1 25 503699 Geodesic In B2 25 507732 Godavari Fert B2 25 532129 Hexaware B1 25 524652 Ind Swift B1 25 500207 Indo Rama Syn B1 25 532010 Indotech Capita B2 25 500213 Inter Travel B1 25 531816 It Microsystem B2 25 532256 Jindal Strips B1 25 532283 Kashyap Radiant B2 25 500241 Kirloskar Bros B1 25 517471 Ktl Infosys B2 25 532275 Landmarc Leisur B1 25 500265 Maharashta Seam B1 50 524794 Matrix Labs B2 25 512267 Media Matrix B2 25 25 524101 Nalco Chemical B1 25 532091 Orbit Mult B2 25 25 531512 Orient Trade B2 25 532114 Pan Packaging B2 25 531492 Penta Commun B1 25 522205 Praj Industries B2 25 531611 Prraneta Inds B2 50 532055 Rashel Agrotech B2 25 513583 S B & T B1 25 523083 Somplet B2 25 532468 Srf Polymers B2 25 531554 Top Telemedia B2 25 531659 Transnat Sec B2 25 524802 Veronica Labs B2 25

Sterling Biotech to consider issue of shares on preferential basis

A meeting of the Board of Directors of Sterling Biotech Ltd is scheduled to be held on November 11, 2002 to consider issue of Shares on preferential basis to part finance the expansion project of the Company for meeting with the conditions placed by the Banks granting Term Loans.

Jaiprakash Ind allots shares under employees stock purchase scheme

Jaiprakash Industries Ltd has informed BSE that at the meeting of the Finance Committee of the Board of Directors held on November 02, 2002, 40,43,970 equity shares of Rs 10 each have been allotted under the 'Jaypee Employee Stock Purchase Scheme 2002' to the employees of the Company and its subsidiaries at a price of Rs 18/- per share (Rs 10/- towards share capital and Rs 8/- towards share premium), in terms of the Securities & Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999. In terms of the scheme, the share allotted shall be under lock-in for a period of three years from the date of allotment.

Progeon - subsidiary of Infosys Tech appoints new Chief Executive Officer and Managing Director

Progeon Ltd. the business process management subsidiary of Infosys Technologies Ltd. announced today that its Board of Directors appointed Mr. Akshaya Bhargava as its Chief Executive Officer and Managing Director MrBhargava was inducted as an Additional Director of the Board of Directors of the company with effect from November 4, 2002. Bhargava will serve as an Additional Director of the Board until the next Annual General Meeting of the company, when his appointment as an executive director of the board will be placed for approval of the members. With his induction, Progeon has four members on its Board. "Akshaya's long experience in the financial services industry quality him exceptionally well for his new position", said T V Mohandas Pai, Chairman of Progeon Ltd. "His practical knowledge and experience in conceptualizing and executing process outsourcing for Citibank will be valuable fir Progeon".

Eonour Technologies bags orders from L&T and State Bank of India

Eonour Technologies has been signed by L&T (LTM Business Unit); for the development and implement an e-CRM solution. This is the second order from the L&T. Likewise, System Data and telecom Services (STADS), a fully owned subsidiary of Eonour Technologies Ltd, has bagged an order from State Bank of India. The order of L&T pertains development of a system. It involve implementing an e-catalog system which will automate the spare part ordering process between L&T and their customers, who are present all over the world. According to R Karthi, CMD, Eonour, the information related to the various spare parts will be available on the web and the customer can view, select and submit their requirements over the web. Status on order, on stock etc will also be available for the customer. A communication module will help on online clarifications/information required by the customer. STADS a premium provider of networking and system integration was recently acquired by Eonour for complimenting it in its supply chain business.