Dossabhoy Raja appointed as Alternate Director of Abbott Laboratories

Abbott Laboratories India Ltd has informed BSE that Dossabhoy M Raja has been appointed as Alternate Director to Mr Harry Patel w e f March 13, 2002

Orient Information to acquire a Company based in USA

Orient Information Technology Ltd has informed BSE that Company is in the process of acquiring a Company engaged in the business of Software Development & Consultancy based in USA

Orissa Sponge Iron Board to consider issue of Bonus shares

Orissa Sponge Iron Ltd has informed BSE that a meeting of the Board of Directors of the Company has been convened on April 23, 2002 to consider interalia the Issue of Bonus Shares to the shareholders and the un-audited financial results of the Company for the Quarter ended March 31, 2002

H Singh resigns from Directorship of Warren Tea

Warren Tea Ltd has informed BSE that H Singh has resigned as a Director and Whole-Time Director of the Company w e f March 13, 2002.

DoT grants ILD Telephony License to Bharti Telesonic

Bharti Tele-Ventures Ltd has informed BSE that one of their subsidiary company Bharti Telesonic Ltd has been granted the International Long Distance Telephony License vide a license agreement entered with the Department of Telecommunication (DoT) on March 14, 2002 With the grant of this license the Company plans to foray into the International Long Distance Telephony Business.

Insul Electronics announces change in management structure

Insul Electronics Ltd has informed BSE that the Board of Directors of the Company has appointed on March 14, 2002 A K Tulsyan and U S Sarogi both nominated by Bombay Mercantile & Leasing Company Ltd. as Directors of the Company in place of Shiv Kumar Rajgarhia and Taramani Rajgarhia.

Core Emballage announces change in management structure

Core Emballage Ltd has informed BSE that Rajiv Mehta has been reappointed as Executive Director of the Company for further period of five years. Justice B J Divan has retired from Directorship by rotation.

Gregg Wright Brown resigns from the Board of Schenectady-Beck

Schenectady-Beck India Ltd has informed BSE that Gregg Wright Brown has resigned as Director.

Voltas enters into a Joint Venture agreement with Sermo Montaigu, France for perfect moulds

Voltas Ltd has informed BSE that the Company has entered into a Joint Venture Agreement with Sermo Montaigu, France (Sermo), for its wholly-owned subsidiary Company located at Pune-Perfect Moulds Ltd (PML) engaged in the design and manufacture of precision plastic injections and compression moulds. As per the arrangements, Sermo would, subject to obtaining the requisite approvals, initially acquire 3500000 equity shares of Rs 10 each of PML from Voltas Ltd. (35% of PML's present paid-up capital) for a consideration of Rs 21 million. Sermo would also subscribe to further 30,00,000 equity shares of Rs 10 each, to be issued by PML, thereby increasing their shareholding in PML to 50%. The joint venture would enable them develop a low-cost base for outsourcing their requirements in Europe and for catering to the Indian automotive market. PML has been exporting moulds to Sermo and with the formation of the joint venture, PML would further stand to benefit from better manufacturing and process controls, appropriate technology and skills related to the manufacture of large size moulds and automobile moulds, higher capacity utilisation and foreign exchange earnings through exports.

Gopee Grover appointed as Additional Director of Modella Woollens

Modella Woollens Ltd has informed BSE that at the meeting of the Board of Directors held on March 14, 2002, Mrs Gopee Grover, has been appointed as an Additional Director of the Company.

Anil Gupta appointed as Additional Director of Procter & Gamble

Procter & Gamble Hygiene and Health Care Ltd has informed BSE that at the meeting of the Board of Directors held on March 14, 2002, Anil K Gupta, has been appointed as an Additional Director of the Company, and will retire at the ensuing Annual General Meeting.

Kodak India FY-01 results on March 26, 2002

A meeting of the Board of Directors of Kodak India Ltd is scheduled to be held on March 26, 2002 for adoption of the Audited Accounts and declaration of dividend for the year ended December 31, 2001.

Jindal Steel & Power Board to consider declaration of interim dividend on preference shares

Jindal Steel & Power Ltd has informed BSE that UTI Bank has subscribed to the Company's privately placed 10.5% 10,00,000 redeemable preference shares of Rs 100 each on September 15, 2001. These preference shares are not listed securities and as per terms of sanction and subscription agreement executed with UTI Bank Ltd the Company has to pay interim dividend on March 26 of every year till it is redeemed. The management has decided to circulate a draft resolution to all Directors of the Company on March 23, 2002 for their consideration and approval

Great Eastern Shipping Board declares an interim dividend on preference shares

Great Eastern Shipping Co Ltd has informed BSE that the Board of Directors of the Company by a circular resolution have, declared an interim dividend on the following preference shares at the rate stipulated below: An interim dividend of Re 0.85 per share on 9,50,00,000, 8.50% Cumulative Redeemable Non-Convertible Preference Shares of Rs 10 each. An interim dividend of Rs 1.05 per share on 5,50,00,000, 10.50% Cumulative Redeemable Non-Convertible Preference Shares of Rs 10 each (listed only with effect from March 7, 2002). The interim dividend to the preference shareholders will be paid on March 28, 2002.

Melstar Information Technologies members approve amalgamation of Melstar Indiacentric with the Company

Melstar Information Technologies Ltd has informed BSE that at the meeting of the members of the Company convened and held on March 14,2002 the scheme of amalgamation of Melstar Indiacentric Ltd with the Company has been approved unanimously by the shareholders present at the meeting. At a separate meeting of Secured Creditors and Unsecured Creditors the scheme of amalgamation was approved unanimously.

Otis Elevator fixes revised book closure date

Otis Elevator Company India Ltd has fixed a revised Book closure date, from April 23, 2002 to May 2, 2002 for the purpose of dividend at 100% (ie Rs 10 per equity share)

Atlas Copco India board approves buyback of equity shares

Atlas Copco India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on Friday have recommended to shareholder's approval of buyback of equity shares of the company involving an outlay upto 25% of paid up equity capital and free reserves at a price not exceeding Rs 150 per share subject to shareholder's approval of modification of Articles of Association of the Company in this regard.

Sanjay K Lahiri appointed as CEO of Apcotex Lattices from April 1, 2002

Apcotex Lattices Ltd has informed BSE that the Board of Directors at their meeting held on March 4, 2002 has decided to appoint Sanjay K Lahiri as Chief Executive Officer of the Company with effect from April 1, 2002.

T N Kannan appointed as Company Secretary of Ram Informatics

Ram Informatics Ltd has informed BSE that T N Kannan has been appointed as Manager (Accounts) & Company Secretary of the Company from March 11, 2002

Sicom withdraws M T Chiddarwar from Nominee Directorship of Alps Industries

Alps Industries Ltd has informed BSE that Sicom Ltd has withdrawn the Nominee Directorship of M T Chiddarwar w e f March 11, 2002. Further, the company plans to foray into retail market by opening up eight to ten outlets for fashion accessories in seven major cities like Mumbai, Delhi, Bangalore, Chennai, Pune, Ahmedabad and Hyderabad in the next two years time

Devendra Bhandari ceases to be Company Secretary of Indo Gulf Corporation

Indo Gulf Corporation Ltd has informed BSE that Mr Devendra Bhandari has ceased to be a Company Secretary of the Company w e f March 01, 2002. Mr Suresh C Dad has been appointed as Company Secretary of the Company in place of Mr Devendra Bhandari. Further Mr Suresh C Dad will also act as Compliance Officer.

Ramrup Sharma ceases to be Director of Bhagwati Oxygen

Bhagwati Oxygen Ltd has informed BSE the death of Director, Ramrup Sharma on February 23, 2002. Subsequently he ceases to be a Director on the Board.

Nalco Chemicals Board approves acquisition of equity shares of Aquazur

Nalco Chemicals India Ltd has informed BSE that at a meeting of the Board of Directors of the Company held on Friday the board has by resolution approved the acquisition by the Company of 15,00,000 equity shares of face value of Rs 10 each and 35,00,000 equity shares of face value of Rs 10 each from Ondeo Nalco Company, USA and Aquazur Ltd, UK. The said shares aggregate to 100 percent of the total issued, subscribed and paid-up equity share capital of the said Aquazur India Pvt Ltd.

BPCL clarifies on news item

With reference to a news item appearing in a leading financial daily regarding likely merger of Kochi Refineries Ltd with BPCL, Bharat Petroleum Corporation Ltd has informed BSE that informal discussions are being held between the officials of KRL and BPCL and there is no concrete proposal before the Board of BPCL in the matter as of date

Limat Developments acquires 0.90 million equity shares in HK Finechem

H K Finechem Ltd has informed BSE that Limat Developments Ltd have acquired 0.90 million equity shares of the company through preferential offer on March 2, 2002.Their shareholding after acquisition is 29,50,000 equity shares (of expanded capital).

High Court directs Analysis Finance to seek shareholders approval for merger of Vipul Infrastructure Developers

Analysis Finance Ltd has informed BSE that the Hon'ble High Court at Calcutta has directed company to hold a General Meeting of shareholders on April 6, 2002 for getting their approval for the merger of Vipul Infrastructure Developers Pvt Ltd with the company.

High Court directs Indian Organic Chemicals to seek shareholders approval for scheme of amalgamation

Indian Organic Chemicals Ltd has informed BSE that the Hon'ble High Court at Bombay has directed Company to hold a General Meeting of shareholders on April 8, 2002 for getting their approval for scheme of amalgamation of Futura Polymers Ltd with the Company.

Engagement of advisor by GOI for divestment in HPCL

Hindustan Petroleum Corporation Ltd has informed BSE that the Government of India Ministry of divestment have advised the Company that Government of India intends to divest a part of its holding in the Corporation through strategic sale. For this purpose the Government proposes to engage the services of an Advisor to advise and manage the divestment process successfully. Government of India currently holds 51.01% of the Equity Capital of HPCL. The Government may publish advertisement inviting bids for submission of expression of interest to act as an Advisor to GOI. GOI has directed that the details of the Advertisement may be hosted prominently on the website of the Company. Steps are being taken for the same.

Dr Reddy's starts commercial operations at their formulation plant at Pondicherry

Dr Reddy's Laboratories Ltd has informed BSE that the commercial operations at the new formulation plant at the Yanam, Pondicherry has started on Friday. The plant has a capacity of producing 20 million capsules and 50 million tablets in a month.

SmithKline Beecham Consumer Healthcare fixes book closure date for AGM

SmithKline Beecham Consumer Healthcare Ltd has informed BSE that the Register of Members of the Company shall remain closed from April 16, 2002 to April 19, 2002 (both days inclusive) for taking on record the shareholders for the purpose of the Annual General Meeting scheduled to be held on April 19, 2002.

Reliance Industries to seek shareholders approval for amalgamation of RPL

Reliance Industries Ltd has informed BSE that the Hon'ble High Court at Bombay has directed Company to hold a General Meeting of shareholders on April 8, 2002 to consider & approve the scheme of amalgamation of Reliance Petroleum Ltd with the company.

BSE imposes special margin on Peacock Industries

BSE has informed the members of the exchange that special margin of 25% has been imposed on Peacock Industries Ltd with effect from Friday. Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net).