BSE Notices 09 -Feb – 2010
Tuesday, February 9, 2010 16:13Stride Arcolab
Strides Arcolab Ltd has informed BSE regarding a Press Release dated February 09, 2010 titled “Strides Arcolab Announces USFDA approval for Labetalol Hydrochloride Injection, USP – Total Approvals in Sterile Space at 18″.
Source:BSEÂ Â Â Date :9th-Feb-2010
UltraTech Cement
With reference to earlier announcement regarding meeting of equity shareholders to approve Scheme of Amalgamation, Ultratech Cement Ltd has now informed BSE that the Company have made some changes in the layout of the notice convening the meeting of the Equity Shareholders of the Company to be held on March 19, 2010 under section 391 to 394 of the Companies Act, 1956 for the purpose of considering, and if thought, approving, with or without modification(s), the Scheme of Amalgamation of Samruddhi Cement Ltd with the Company. The Company has submitted to BSE copies of revised notice of meeting of the Equity Shareholders, Secured Creditors (including Debentureholder) & Unsecured Creditors together with explanatory statement.
Source:BSEÂ Â Â Date :9th-Feb-2010
Goodyear India
Goodyear India Ltd has informed BSE that the Board of Directors (the “Board”) of Goodyear India Ltd (the “Company”) have received a letter from The Goodyear Tire & Rubber Company (“GTRC”) on February 05, 2010, proposing a voluntary delisting of the equity shares of the Company (the “Shares”) from the Bombay Stock Exchange Ltd (the “BSE”), under the provisions of’ Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (the “Delisting Regulations”) with a view to acquire all outstanding Shares of the Company (Whether directly by GRTC itself or through one or more wholly owned subsidiaries) and delist the Company’s Shares from the BSE(the “Delisting Proposal”). At present, GTRC holds 74% of the total paid-up share capital of the Company. The letter also states that GTRC has approved an indicative price of Rs. 245 per share for acquisition of the shares tendered under the Delisting Proposal, subject to GTRC’s (or any of GTRC’s wholly owned subsidiaries) right under the Delisting Regulations to accept or reject any price discovered under the reverse book building process set forth therein. GTRC has indicated that a price of Rs. 245 per share represents a premium of approximately 33% to the closing price of the Company’s shares on February 05, 2010. GTRC has requested the Board to convene a meeting to consider the Delisting Proposal, to place the Delisting Proposal before the shareholders of the Company for their consideration and to seek their approval by special resolution passed through postal ballot in accordance with the Delisting Regulations, and to seek an in-principle approval for the Delisting Proposal from the BSE. Further the Company has informed that a Meeting of the Board of Directors has been scheduled for February 09, 2010, inter alia, to consider the Delisting Proposal as received from GTRC.
Source:BSEÂ Â Â Date :9th-Feb-2010
Ruchi Soya Industries
Ruchi Soya Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2010, inter alia, has approved the Scheme of Amalgamation of Palmtech India Ltd (‘PTIL’) with Ruchi Soya Industries Ltd (‘Ruchi Soya’). PTIL is engaged, inter alia, in the business of development of Oil palm plantation and processing of oil palm fruits. The Scheme will be subject to requisite approvals as may be required. The salient features of the scheme are as under : (a) Merger Appointed Date: April 01, 2009. (b) All assets and liabilities of PTIL would be transferred to Ruchi Soya. (c) As consideration for merger 19 equity shares of Rs. 2/- each of Ruchi Soya would be issued for every 25 equity shares of Rs. 2 each held by shareholders of PTIL. The share exchange ratio has been arrived at on the recommendation provided by SSPA & Co., Chartered Accountants. The Fairness Opinion Report has been provided by Fortress Capital Management Services Pvt Ltd, a Registered Category / Merchant Banker. (d) The fully diluted equity capital of the Company is 30,64,29,060 equity shares of Rs. 2/- each which will increase on account of this merger to 32,67,59,060 equity shares of Rs. 2/- each. The promoters’ holding on fully diluted basis will decrease from 53.64% to 50.30% The Scheme has also been approved by the Board of Directors of Palm Tech India Ltd. KPMG India Pvt Ltd was appointed as Tax Advisors for the scheme.
Source:BSEÂ Â Â Date :9th-Feb-2010
Tanla Solutions
Tanla Solutions Ltd has submitted to BSE a copy of the update from the Company titled “Tanla to launch on-device payments and pre-loaded content distribution partner program in Barcelona”.
Source:BSEÂ Â Â Date :9th-Feb-2010
India Motor Parts and Accessories
India Motor Parts & Accessories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2010, inter alia, have recommended an interim dividend of Rs. 14/- per share (140%) for the financial year 2009-10 on the paid-up capital of Rs. 415.98 lakhs.
Source:BSEÂ Â Â Date :9th-Feb-2010
Asian Paints
Asian Paints Ltd has submitted to BSE the announcement made by Berger International Ltd. (BIL), Singapore, which is listed on the Singapore Stock Exchange Ltd. BIL is a subsidiary of Asian Paints Ltd. The announcement has already been made via the masnet on the Singapore Stock Exchange Ltd. on February 08, 2010. Berger International Ltd, Singapore has no operations in India.
Source:BSEÂ Â Â Date :9th-Feb-2010
Munoth Capital Markets
Munoth Capital Markets Ltd has informed BSE about its tie up with Bank of Maharashtra, a nationalized bank with presence across India for Online Trading Services to be provided to the customer of the Bank.
Source:BSEÂ Â Â Date :9th-Feb-2010
Neyveli Lignite Corporation
Neyveli Lignite Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 04, 2010, inter alia, to consider declaration of Interim Dividend for the financial year 2009-2010.
Source:BSEÂ Â Â Date :9th-Feb-2010
TRF
TRF Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2010, have consented for listing of Company’s securities at the National Stock Exchange Ltd. (NSE), Mumbai and The Calcutta Stock Exchange Ltd., Kolkata. NSE has already admitted the TRF’s shares under “Permitted Category” on its Exchange, with effect from January 08, 2010.
Source:BSEÂ Â Â Date :9th-Feb-2010
HT Media
HT Media Ltd has informed BSE that the auditor’s have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2009.
Source:BSEÂ Â Â Date :9th-Feb-2010
Glory Polyfilms
Glory Polyfilms Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2010, have approved the issue of 3,500,000 Global Depositary Receipts representing 7,000,000 Equity Shares, par value of Rs. 10 each (subject to an over-allotment of up to a further 1,500,000 Global Depositary Receipts representing 3,000,000 Equity Shares in one or more tranches) to be listed on Luxembourg Stock Exchange (LuxSE), at such offer price as may be decided in consultation with the lead manager. The issue will be opened for subscription to the persons resident outside India on February 11, 2010.
Source:BSEÂ Â Â Date :9th-Feb-2010
Goyal Finance India
Goyal Financials India Ltd has informed BSE that the auditor’s have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2009.
Source:BSEÂ Â Â Date :9th-Feb-2010
Mayur Uniquoters
Mayur Uniquoters Ltd has informed BSE that the auditor’s have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2009.
Source:BSEÂ Â Â Date :9th-Feb-2010