Rashtriya Chemicals & Fertilizers Ltd has informed BSE that the President of India has appointed Shri S Balan, at present Director (Finance) RCF as the next Chairman and Managing Director (CMD) of RCF Ltd after the superannuation of Shri D K Varma (the present CMD) on October 31, 2002.
Salzer Controls Board to take on record order of High Court -- Chennai confirming scheme of amalgamation
Salzer Controls Ltd has informed BSE that a meeting of the Board of Directors will be held on September 28, 2002 to transact inter alia the following businesses:
To consider and approve/take on record
1. Order of Honourable High Court, Chennai confirming the Scheme of amalgamation of the Company with Salzer Electronics Ltd.
2. To fix the record date for determining the eligible shareholders for issue of shares by Transferee Company viz. Salzer Electronics Ltd in terms of Scheme of Amalgamation etc.
Salzer Electronics Board to take on record order of High Court--Chennai confirming scheme of amalgamation
Salzer Electronics Ltd has informed BSE that a meeting of the Board of Directors will be held on September 28, 2002 to transact inter alia the following businesses:
To consider and approve/take on record
Order of Honourable High Court, Chennai confirming the Scheme of amalgamation of Salzer Controls Ltd with Salzer Electronics Ltd.
To fix the record date to issue the shares of the Company to the shareholders of Transferor Company viz Salzer Controls Ltd in terms of scheme of amalgamation.
PVV Krishnan/ V Subba Rao resign from Directorship of Medicorp Technologies India
Medicorp Technologies India Ltd has informed BSE that Mr P V V Krishnan and Mr V Subba Rao, have resigned from the Board and hence ceased to be to be the Directors of the Company.
Aegis Chemical announces change in management structure
Aegis Chemical Industries Ltd has informed BSE that consequent to the members not approving the resolution for reappointment of Directors - R R Khimasia and S R Khimasia at the 45th AGM held on September 07, 2002 they ceased to be directors of the company.
Saptarishi Agro Ind allots shares to Global Green on preferential allotment basis
Saptarishi Agro Industries Ltd has informed BSE that the Committee of Directors in its meeting held on (September 13, 2002) has allotted 95,27,842 equity shares of Rs 10 each at par, aggregating to Rs 9,52,78,420 to Global Green Company Ltd (GGCL) on preferential allotment basis.
Consequent upon the aforementioned allotment of shares the shareholding of GGCL in the Company has increased from 1,57,50,535 equity shares of Rs 10/- each (64.30%) to 2,52,78,377 equity shares of Rs 10 each (71.29%).
Orchid ropes in RS Prasad for its US Generics thrust
Orchid Chemicals & Pharmaceuticals Ltd on Monday announced the induction of Mr RS Prasad as the Executive Director and Chief Operating Officer of Orchid Healthcare, its formulations division to fast-track its foray into the US and other regulated markets.
"Mr Prasad's joining will definitely add great thrust and value to our formulations operations. Over the last 12 months we have been successful in strengthening our formulations business. The strategy of bringing in experienced people to lead crucial business and operational areas has augured well for us. With the right team in place and with continuous focus on product-market diversification we are confident that our formulations division will surpass its business goals soon", said Mr K Raghavendra Rao, Managing Director, Orchid Chemicals & Pharmaceuticals Ltd.
George Williamson Assam announces change in management structure
George Williamson Assam Ltd has informed BSE that at the Board Meeting of the Company held on Monday the following changes have taken place in the Board:
S K Mitra the Chairman and Managing Director of the Company has resigned from the Board with immediate effect.
P Magor has been appointed as the Chairman of the Board
A Vira the Wholetime Director of the Company has also resigned from the Board of Directors.
i-flex to develop one-stop B2B mortgage broking solution from OnePort, Australia
i-flex solutions Ltd, a leading provider of technology solutions to the financial services worldwide, on Monday announced it would develop an end to end web enabled solution for the processing of mortgages applications for OnePort, Australia. OnePort is a Citibank owned entity that brings together lenders and mortgage brokers across Australia. It currently distributes the mortgage products of RAMS Home Loans, Bluestone Mortgages and Citibank.
The solution will be implemented with brokers throughout Australia and will offer considerable improvements in transaction turnaround times, especially in cases such as conditional loan approvals. This will in turn enable the mortgage broker to offer a much higher level of service to the end customer.
As part of the project, i-flex will also deliver simulation tools that mortgage brokers can use to help customers understand how to maximize their wealth during the mortgage duration. The OnePort win provides i-flex with an ideal launching pad to establish itself in the Australia and New Zealand Markets.
"We are very excited to be working with OnePort, one of Australia's leading distributors of mortgage products. The application we are building for OnePort will give the Australian, mortgage broker community increased convenience and flexibility in their operations and add functionality to their sales process. This win is also an excellent referral to establish i-flex in the local market," said Kishore Kapoor, Regional Head Asia Pacific, i-flex Solutions Ltd.
Mukta Arts launches a subsidiary television Company
Mukta Arts Ltd on Monday announced their foray into television software with the launch of Mukta Prime'3 Teleworks Pvt Ltd. Mukta Prime'3 Teleworks is a subsidiary of Mukta Arts Ltd and commenced shooting for its first project 'Archana Aaa-Haa' on September 15. The programme will go on air from the first week of October 2002.
Speaking on the launch of the Company, Meghna Ghai, Director, Mukta Prime'3 Teleworks and in charge of the International business said, "Mukta Arts foray into television software is a well considered move and comes after a close analysis and evaluation of the dynamics of the industry. The new initiative is a part of our overall strategy to de-risk business model of Mukta Arts from the previous focus on blockbuster films alone. We have set out with an initial budget of Rs 30 million."
Mukta Prime'3 Teleworks is set to develop a number of drama series, talk shows, serials, sitcoms and Telefilms as per the requirement of today and the future. With their excellent team of directors and executives comprising of Ms Meghna ghai, Ms Archana Puran Singh, Mr Parmeet Sethi and Ms. Shenaz Nadirshah as Marketing Manager, Mukta Prime'3 Teleworks assures to be a promising venture.
Tata Group to acquire Jardine Motors' equity in Concorde Motors
Tata Engineering & Locomotive Company Ltd has informed BSE that the Tata Group has reached an agreement with Jardine Motors to acquire its 50% stake in Concorde Motors Ltd (CML). CML is currently a joint venture of the Tata Group and Jardine Motors, in which each of the partners holds 50% of the equity and represents Tata Engineering's passenger vehicles.
The above agreement is subject to receiving the necessary statutory approvals and consents.
Wyeth Lederle to seek shareholders approval for scheme of amalgamation
Wyeth Lederle Ltd has informed BSE that the Hon'ble Bombay High Court has directed that a meeting of the equity shareholders of the Company, the Applicant be convened & held on October 07, 2002 to consider & if thought fit approve with or without modification scheme of Amalgamation proposed to be made between Geoffrey Manners & Co. Ltd. and the Company.
Update on Moser Baer FY-02 dividend
Moser Baer India Ltd has informed BSE that dividend @ 25% on pro-rata basis on the paid up equity share capital of the Company for the year 2001-02 will be payable on or before October 26, 2002 at par all over India.
Jaysynth Dyestuff India registered as Sick with BIFR
Jaysynth Dyestuff India Ltd has informed BSE that, Hon'ble BIFR (Board) have registered the Company as 'Sick' in terms of Sec 3(i)(o) of SICA, 1985.
ICICI Bank Ltd, is appointed as the Operating Agency (OA) u/s 17(3) of SICA, 1985.
The Board has also ordered that the Company is required to submit comprehensive proposal to OA, within four weeks.
The OA should submit its report to the Board within four weeks thereafter.
OA should intimate the Board if Company failed to submit its proposal.
On receipt of intimation from OA Board will consider other alternatives with a view to rehabilitate the Company including change of management of the Company.
The Board has fixed March 31, 2003 as the cut-off date.
Punjab National Bank clarifies on news item
With reference to the news article appearing in a leading financial daily titled "PNB to take over Nedungadi Bank" Punjab National Bank has informed BSE that Reserve Bank of India has suggested the bank to consider the possibility of merger/take over of Nedungadi Bank with the Bank. The matter is being examined by the Bank internally.
The Management Committee desired that a detailed note be placed to the Board of Directors on the matter.
Infosys allots Stock Options/ADS linked Stock Options under Stock Option Plan
Infosys Technologies Ltd has informed BSE that the Compensation Committee of Board of Directors of the Company met on September 13, 2002 and transacted the following business:
Allocated an aggregate of 106,600 Stock Options under the 1999 Stock Option Plan exercisable for equity shares and a total of 53,400 ADS linked Stock Options under the 1998 ADS Stock Option Plan exercisable for ADSs to the employees of the Company, who were found eligible.
BSE revises special margin on 81 scrips
BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from Monday. 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)(%)
524665 ADD LIFE PHARMA---------- B2----------25
530707 AFTEK INFOSYS---------- B1---------- 25
532311 AMEX INFORMATIO---------- B2 ---------- 25
532259 APAR INDUSTRIES ---------- B2---------- 25
531823 ARVIND REMEDY---------- B1---------- 25
532161 BAFFIN ENGINEER---------- B2---------- 25
500048 BHARAT EARTH MO---------- B1---------- 25
532113 BRIJLAXMI LE---------- B2 ---------- 25
506390 COLOUR CHEM---------- B1---------- 25
508814 COSMO FILMS---------- B2---------- 25
532419 D LINK INDIA---------- B1---------- 25
532099 DATABASE FIN---------- B2---------- 25
532365 DYNACON SYSTEM ---------- B2 ---------- 25
509028 E SERVE IN ---------- B1---------- 25
532417 E STAR INFOTECH---------- B2---------- 25
505200 EICHER MOTOR---------- B1---------- 25
500128 ELECTROSTEEL CA---------- B1---------- 25
500627 ESSAR STEEL---------- B1---------- 25
506156 ETC NETWORKS ---------- B2---------- 25
512127 ETP CORPORATION---------- B2---------- 25
511744 FCGL INDUSTRIES---------- B2---------- 25
532326 FORTUNE INFO---------- B2---------- 25
531399 G G AUTOMOTIVE---------- B2---------- 50
500655 GARWARE POLY---------- B2---------- 25
506109 GENESYS INTER---------- B1---------- 25
503699 GEODESIC INF ---------- B2 25
532312 GEOMETRIC SOFT---------- B1---------- 25
507732 GODAVARI FERT---------- B2---------- 25
526729 GOLDIAM INT---------- B1---------- 25
532439 GOLDSTONE TELE---------- B2---------- 25
530663 GOYAL ASSOCIATE---------- B2---------- 25
500185 HIND CONSTRUC---------- B1---------- 25
524652 IND SWIFT ---------- B1---------- 25
500207 INDO RAMA SYN---------- B1---------- 25
532010 INDOTECH CAPITA ---------- B2 ---------- 25
524494 IPCA LABORATOR ---------- B1---------- 25
507480 ISHWAR MEDICAL---------- B2------------------------------------------------------ 25
531816 IT MICROSYSTEM ---------- B2---------- 25
530773 IVRCL INFRA---------- B1---------- 25
506943 J B CHEMICALS---------- B1---------- 25
500107 JINDAL IRON---------- B1---------- 25
532256 JINDAL STRIPS---------- B1---------- 25
532283 KASHYAP RADIANT---------- B2---------- 25
517471 KTL INFOSYS---------- B2 ---------- 25
532275 LANDMARC LEISUR---------- B1---------- 25
500266 MAH. SCOOTER ---------- B1---------- 50
500265 MAHARASHTA SEAM---------- B1 ---------- 50
502157 MANGALAM CEMENT---------- B2---------- 25
524794 MATRIX LABS ---------- B2---------- 25
512267 MEDIA MATRIX---------- B2---------- 25
531417 MEGA CORPORATIO ---------- B2------------------------------------------------------ 25
524101 NALCO CHEMICAL---------- B1---------- 25
504112 NELCO ---------- B1 ---------- 25
531209 NUCLEUS SOFTWAR ---------- B1---------- 25
532091 ORBIT MULTI ---------- B2 ---------- 50
532114 PAN PACKAGING---------- B2---------- 25
531492 PENTA COMMUN---------- B1------------------------------------------------------ 25
524051 POLYPLEX---------- B2---------- 25
522205 PRAJ INDUSTRIES---------- B2---------- 25
531611 PRRANETA INDS ---------- B2---------- 50
500346 PUNJAB COMM---------- B1---------- 25
524230 RASHTRIYA CHEM---------- B1---------- 25
513583 S B & T ---------- B1---------- 25
500370 SALORA INTER---------- B1---------- 25
531488 SANYO IMPEX ---------- B2------------------------------------------------------ 25
511218 SHRIRAM TRANS---------- B2---------- 25
523083 SOMPLET ---------- B2---------- 25
512531 STATE TRADING---------- B1---------- 25
532348 SUBEX SYSTEM---------- B1 ---------- 25
504290 TATA INFOTEC---------- B1---------- 25
500463 TATA TELECOM---------- B1---------- 25
531554 TOP TELEMEDIA---------- B2------------------------------------------------------ 25
531659 TRANSNAT SEC---------- B2---------- 25
500423 TVS ELECTRONICS---------- B1---------- 25
500464 UCAL FUEL SYST---------- B1---------- 25
531790 UNIVERSAL MEDIA---------- B2---------- 25
532156 VAIBHAV GEMS---------- B1---------- 25
524802 VERONICA LABS ---------- B2---------- 25
532214 VISUAL SOFTWARE---------- B1 ---------- 25
511246 WHITE LION ASIA ---------- B2---------- 25---------------------------25
504067 ZENSTAR TECHNOL---------- B1---------- 25
