R R Vederah redesignated as Deputy Managing Director of BILT

Ballarpur Industries Ltd has informed BSE regarding the change in designation of Mr R R Vederah - Whole Time Director of the Company from Director & COO to Deputy Managing Director.

Khandwala Securities Company Sec resigns

Khandwala Securities Ltd has informed BSE that Ms Hoofrish Patel has resigned as Company Secretary of the company wef October 9, 2002.

Jumbo Bag announces change in management structure

Jumbo Bag Ltd has informed BSE that Sri S Nandangopal, Director/Chairman of the company has resigned wef September 20, 2002 and Sri N D Prabhu Additional Director was elected as Chairman of the company wef September 25, 2002.

Synergy Log-in Company Sec resigns

Synergy Log-in Systems Ltd has informed BSE that Mr P Santhanam Sr-Vice President & Secretary to the company has resigned.

Kishor Baxi designated as Compliance Officer of Dai Ichi Karkaria

Dai Ichi Karkaria Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on September 19, 2002 the Board has ratified the appointment of Mr Kishor B Baxi as Company Secretary w e f September 09, 2002. The Board has also designated him as Compliance Officer.

Satyam wins Golden Peacock Award for excellence in Corporate Governance

Satyam Computer Services Ltd has won the Golden Peacock Award 2002, for excellence in Corporate Governance in the private Sector/large companies category. This prestigious award is given every year by the Institute of Directors, New Delhi a non profit organization, which has been spearheading the quality movement in India. Satyam was selected as the winner of this internationally recognized award by a prominent panel of judges headed by Justice A M Ahmadi former Chief Justice Supreme Court of India. The award was given by the Union Minister for Labour Dr Sahib Singh Verma at a function held in New Delhi on September 26, 2002. Thanking IOD for having chosen Satyam as the winner, Mr B Ramalinga Raju, Chairman of Satyam said: " We are indeed very honored to have been chosen for the Golden Peacock Award for excellence in Corporate Governance by the Institute of Directors. At Satyam we believe better Corporate Governance enhances business results and helps us deliver higher value to all our stakeholders. This award provides greater encouragement to continue improving our Corporate Governance practices in the future".

Shree Rama Multi-Tech Board to seek shareholders approval for annulment of dividend

Shree Rama Multi-Tech Limited has informed the BSE that the Board of Directors in its meeting held on September 25, 2002 have conducted the following business: 1) Resignations and appointments of Non-Executive Directors. 2) Proposed appointment of H V Vasa & Co. as Joint Statutory Auditor to fill casual vacancy caused by resignation of C C Chokshi & Co. 3) Proposed annulment of dividend declared at the AGM held on December 29, 2001. 4) Calling EGM for considering items 2 & 3 above on October 26, 2002. 5) Extension of the FinancialYear of the Company and extension of the time for holding AGM of the Company subject to the approval of ROC.

Luigi Francavilla elected as Chairman of RayBan Sun Optics India

RayBan Sun Optics India Ltd has informed BSE that the Board of Directors in its meeting held on September 25, 2002 elected Mr Luigi Francavilla as the chairman of the board of directors of the company.

i-flex to participate in Sibos 2002

i-flex Solutions Ltd on Friday announced that it will showcase its suite of banking solutions at the world's premier financial services event Sibos 2002, to be held at Geneva, Switzerland between September 30-October 04, 2002. Sibos is an international exhibition and conference focussed on information technology for the financial services industry, attracting the industry's leading figures and firms. i-flex will highlight the modularity, scalability and flexibility of its solutions that make i-flex the solution provider of choice across the world. i-flex will demonstrate its entire FLEXCUBE product suite and its capabilities in business intelligence solutions offered by its new business intelligence and analytics division Reveleus.

Parke-Davis Q3 results on October 3, 2002

Parke-Davis India Ltd has informed BSE that the Board Meeting for consideration of the unaudited financial results for the quarter ended August 31, 2002 in now fixed on October 03, 2002.

Pfizer Q3 results on October 3, 2002

Pfizer Ltd has informed BSE that the Board Meeting for taking on record the unaudited financial result for the third quarter ended August 31, 2002 is to be held on October 3, 2002.

IT&T annuls forfeiture of shares

IT&T Ltd has informed BSE that the Board of Directors of the Company had authorized the Investor Grievance Committee of the Board to annul forfeiture of any shares for which the amount due is received latest by the date if the AGM of the Company ie the September 27, 2002. The Investor Grievance Committee in its meeting held on September 26, 2002 decided to annul the forfeiture of 200 shares.

BSES clarifies on news item

With reference to the news article appearing in a leading financial daily titled "NMDC in talks with BSES for lignite JV" BSES Ltd has informed BSE that the Company, in consonance with its corporate plan, has been evaluating various business opportunities in the power sector in different parts of the country, including the 600 MW lignite based power project proposed to be set up in Barmer district of Rajasthan. The viability of the project is under examination and at this stage, there is no concrete proposal on this project before the company.

Work resumes at the processing unit of Super Sales Agencies

Super Sales Agencies Ltd has informed BSE that the employees of its processing unit viz. Jay Textiles (Unit III) have resumed work w e f the 1st shift of September 16, 2002 after the strike.

Blue Star Infotech to invest Rs 50 million in new development center at Bangalore

Blue Star Infotech Ltd (BSIL) a global provider of software solutions and consultancy has announced the setting up of a new Development Center in Bangalore. This facility located at Koramanagala in Bangalore, will have the capacity to seat 250 engineers. The center will be fully operational by beginning of January 2003. This will be the fourth development center for Blue Star Infotech that already has three development centers in Mumbai. Speaking on the occasion Mr Parmod Bhalla, MD Blue Star Infotech Ltd said, " The setting up of this new development center at a cost of Rs 50 million in Bangalore is an important step for us. This is being done with the objective to meet the increasing demand for its development services from high technology sector. And to service this sector effectively, it is essential to tap the pool of good technical resources available in Bangalore and other Southern locations. We are confident that this initiative will bring maximum returns to BSIL in near future"

Karnataka Bank to modify rights offer ratio

Karnataka Bank Ltd has informed BSE that the meeting of the Board of Directors of the Bank is scheduled to be held on September 28, 2002 to consider inter alia the following: To fix the record date for bonus issue of shares To modify the rights offer ratio from already announced 1:1 pre bonus to 1:2-post bonus (ie one share for every two shares after bonus issue) at a price of Rs 25 including the premium of Rs 15 per share.

Astra Pharma AB & AstraZeneca AB makes open offer to acquire 12.79% stake in AstraZeneca Pharma

Astra Pharmaceuticals AB (Acquirer), a Company registered under the laws of Sweden alongwith its holding Company AstraZeneca AB (publ) ("Person Acting in Concert/PAC") registered with the laws of Sweden, as Person Acting in Concert is making a voluntary offer to the public shareholders of AstraZeneca Pharma India Ltd (Target Company) to acquire upto 6,39,367 fully paid up equity shares of Rs 10 each representing 12.79% of the paid up equity share capital and being its balance outstanding equity share capital of Target Company at a price of Rs 375 per share payable in cash. Acquirer holds 43,60,633 (87.21%) equity shares in Target Company as on the date of this PA. PAC does not hold any share in Target Company. Acquirer had acquired 11,45,186 shares at a price of Rs 375/- per equity share (through the Open offer) and 390,497 shares at an average price of Rs 373.30/- per equity share (through the open Market Purchase) of face value of Rs 10/- each of Target Company representing 30.71% of the paid up equity share capital of Target Company, pursuant to the open offer ("First open offer made by it). PAC has not acquired any shares of Target Company during the period of 12 months prior to the date of this PA. The offer is not conditional on any minimum level of acceptances by the shareholders. If pursuant to this offer and / or acquisition of shares from the open market or through negotiation or otherwise, the public shareholding falls to 10% or below, of the voting capital of Target Company, then in terms of Regulation 21(3) of SEBI (SAST) Regulations, Acquirer will make an offer to buy out the remaining outstanding equity shares held by the public shareholders in accordance with the guidelines specified by the Board in respect of delisting of securities. The specified date is October 25, 2002 The date of opening of the offer is November 7, 2002 The offer will close on December 6, 2002

Herdillia Chemicals members approve scheme of amalgamation

Herdillia Chemicals Ltd has informed BSE that at the Court convened meeting of the Equity Shareholders of the Company held on September 25, 2002 the scheme of arrangement for amalgamation of Schenectady Specialities Asia Pvt. Ltd with the Company was approved unanimously. The scheme of amalgamation is subject to the approval of the Bombay High court and the appointed date is September 27, 2002.

Bank of Baroda employees union defers one day strike indefinitely

Bank of Baroda has informed BSE that the employee union has deferred indefinitely the one day strike on September 27, 2002. Earlier the bank had had informed BSE that it has received a notice of one day strike on September 27, 2002 from the employees union operating in the Bank.