Amex Information Technologies Director and Company Secretary resign
Amex Information Technologies Ltd has informed BSE that the company has accepted resignation of Ajay Saluja as Director of the company with effect from October 1, 2002. The company has also accepted resignation of Ms Shalu Bhandari as Company Secretary with effect from August 1, 2002
Narendra Singh ceases to be a director of Inertia Industries
Intertia Industries Ltd has informed BSE that Narendra Singh has ceased to be a Director of the company with effect from October 31, 2002 in terms of provisions of section 283(1)(g) of the Companies Act, 1956.
SKOL Breweries to consider allotment of shares on preferential basis to Shaw Wallace Breweries
SKOL Breweries Ltd has informed BSE that the Board of Directors of the company will meet on November 8, 2002 for considering allotment of shares on preferential basis to Shaw Wallace Breweries Ltd as per SEBI guidelines in that regard
G Babu resigns from the Board of Rajeswari Graphics
G Babu has resigned from the office of Director(Technical) from the Board of Directors of Rajeswari Graphics Ltd with effect from November 6, 2002
Maharashtra Seamless fixes record date for determining the entitlement of members for issuing 10% Redeemable Preference Shares as Bonus Shares
Maharashtra Seamless Ltd has informed BSE that December 12, 2002 has been fixed as record date for the purpose of determining the entitlement of members for issuing 10% Redeemable Preference Shares as bonus shares in the ratio of One Fully Paid up Preference Share of Rs 10 for every two Equity Shares held on that date.
Pentamedia Graphics appoints new Company Secretary
Pentamedia Graphics Ltd has informed BSE that Mrs Padma Suresh has been appointed as Company Secretary of the Company with effect from October 1, 2002
Kinetic Motor Company appoints new Director
Kinetic Motor Company Ltd has informed BSE that Mr A M Shirolkar has been appointed as Director (Technical) of the company with effect from November 1, 2002.
Tainwala Poly announces change in management
Tainwala Polycontainers Ltd has informed BSE that Shri Subramani N Murthy has resigned from the Board of Directors of the company with effect from October 28, 2002
Further Shri Mayank G Dhuldhoya and Shri Subhash Kadakia have been appointed as Additional Directors of the Company.
Uday S Kotak resigns from the Board of Blue Star
Blue Star Ltd has informed BSE that Uday S Kotak has resigned from the Board of Directors with effect from October 31, 2002
Dabur issues options to the employees
Dabur India Ltd has informed BSE that the Compensation Committee of the company in its meeting held on November 6, 2002 has granted 10000 Options under Dabur Employees Stock Option Scheme 2000 to the eligible employees of the company with the following terms and conditions.
1. The said options shall vest in the employees after 5 years from the date of issue
2. The said options shall be exercisable within a period of 3 years after vesting the same
3. The said option shall carry a right to apply for equivalent number of equity shares of Re 1 each at par
PSI Data Systems appoints New Manager
PSI Data Systems Ltd has informed BSE that consequent to the resignation of Mr. Nagendra Venkaswamy from the position of President of the Company, Mr R Vittal, Vice President - Legal Affairs & Company Secretary has been entrusted by the Board of Directors the additional charge as 'Manager' under the Companies Act, 1956. Mr Vittal will hold the office of 'Manager' for a term not exceeding five years from the date of appointment.
Bata announces Q3 results
Bata India Ltd has posted a net loss of Rs 85.10 million for the quarter ended September 30, 2002 as compared to a net loss of Rs 42.20 million in the corresponding period last fiscal. Total Income (net of Excise) has decreased from Rs 1545.90 million in SQ-01 to Rs 1470.60 million in the quarter ended September 30, 2002.
Arlem Breweries to consider the scheme of merger into Aurangabad Breweries
Arlem Breweries Ltd has informed BSE that the meeting of Board of Directors of the company will be held on November 11, 2002 to consider the Rehabilitation Scheme sanctioned by the Board for Industrial and Financial Reconstruction (BIFR) for merger of Arlem Breweries Ltd into Aurangabad Breweries Ltd in terms of the said sanctioned scheme
Jay Shree Tea & Industries to seek shareholders' approval for Amalgamation with Siddhi Binayak Tea
Jay Shree Tea & Industries Ltd has informed BSE that the EGM of the Company is proposed to be held on November 13, 2002 to seek shareholders' approval for Amalgamation of Siddhi Binayak Tea Ltd. with the company and to alter the object clause of the Memorandum of Association of the company by inserting a new clause for setting up of educational institutions.
Su-Raj Diamonds to set up a branch at Calcutta for expanding business activities
Su-Raj Diamonds (India) Ltd has informed BSE that the Board of Directors of the company has approved through circular resolution to setting up of a branch at Calcutta for expansion of business activities.
India Cements H1 results on Nov 29, 2002
A meeting of the Board of Directors of India Cements Ltd will be held on November 29, 2002 to consider and take on record the audited financial results for the half year ended September 30, 2002.
Gujarat Gas to appoint new MD
Gujarat Gas Company Ltd has informed BSE that British Gas Asia Pacific Holdings Pte Ltd (BGAPH), the principle shareholder of the company has nominated Mr. B S Shantharaju as the Managing Director of the Company with effect from March 1, 2003
Robert Thomas, the existing nominee of BGAPH will continue to be in office till February 28, 2003.
SIV Industries declares lock-out of its factory at Sirurmugai
SIV Industries Ltd has informed BSE that pursuant to violent incidents which took place on October 25, 2002 and also to ensure that the valuable properties of the company, including its expensive plants, are not exposed to the possibilities of mischief and damage, the management has declared a lock out of the entire factory at Sirurmugai with effect from 10.00 pm of October 31, 2002.
Sun & Infosys deliver new revenue generating opportunities with retail banking reference architecture
Broadening its footprint in financial services to the retail banking industry, Sun Microsystems, Inc. and Infosys Technologies Ltd on November 06, 2002 unveiled, the Retail Banking Reference Architecture, making it easier for banks to respond to customer demand for 24 *7 web-enabled banking, Straight Through Processing (STP) and a unified channel access to manage their personal financial information. The Retail Banking Reference Architecture has been tested and tuned in the Sun (SM) iForce (SM) Solution Center located in Menlo Park, Calif., and has been documented through implementation and sizing guides to help banks accelerate the delivery of web-based, end-to-end banking solutions; increase operational efficiencies; reduce costs and generate new revenue streams.
The Retail Banking Reference Architecture offers a low-risk path for migration needs, offers banks a platform to keep pace with changing customer needs and market dynamics, and creates a competitive differentiation in their products and services. These services can be delivered through various retail delivery channels such as call centers, Automatic Teller Machines (ATMs) and retail kiosks - as seen in grocery stores and mobile tellers. In addition, the Retail banking Reference Architecture provides a unified view across channels and enables banks to significantly reduce cycle times and operational costs.
"The Reference Architecture based on Finacle Core Banking from Infosys and Sun Microsystems - Solaris Operating Environment and Oracle, provides banks around the world a powerful and flexible platform to reduce operational costs and enhance efficiencies on one hand, and to achieve and retain business agility on the other through constant product innovation and superior time to market" said Merwin Fernandes, Vice President and head of sales and marketing, Banking Business Unit, Infosys Technologies Ltd.
Jindal Steel & Power allots equity shares on exercise of option attached to warrants
Jindal Steel & Power Ltd has informed BSE that the Company has on November 06, 2002 allotted 1735000 equity shares of Rs 10 each at a premium of Rs 145 per share to the following allottees:
Name of Allottee----------No of shares allotted on exercise of option
Opeline Finance & Investment Pvt Ltd.---------- 8,92,000
Navin Sponge Iron Private Ltd---------- 8,43,000
These shares have been allotted on exercise of option attached to the warrants issued to the aforesaid allottees.
Earlier the Company had informed that it had allotted 12,50,000 warrants each on private placement basis in terms of Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000 to two promoter Companies aggregating to 25,00,000 warrants.
Polaris Software Board approves amalgamation of Orbitech Solutions with the Company
Polaris Software Lab Ltd has informed BSE that the Board of Directors in its meeting held on November 6, 2002 approved the Scheme of Amalgamation between Orbitech Solutions Ltd and the Company.
