BSE Notices 2– Mar – 2010
Tuesday, March 2, 2010 17:57Bharat Forge
Bharat Forge Ltd has informed BSE that Mr. V.K. Jairath has resigned and ceased to be Director of the Company with effect from February 22, 2010.
Source:BSEÂ Â Â Date :26th-Feb-2010
Fame India
Reliance Capital Partners has informed BSE that Pursuant to Regulation 22(17) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (the “SEBI Takeover Regulations”), Reliance Capital Partners, Reliance MediaWorks Ltd and Reliance Capital Ltd on February 25, 2010, have purchased 5,94,561 equity shares constituting 1.71% of the equity share capital of Fame India Ltd at an average price of Rs 83.11/- and a highest price of Rs 83.40/- per equity share through open market purchases on the normal segment on the stock exchange.
Source:BSEÂ Â Â Date :26th-Feb-2010
Indiabulls Real Estate
Indiabulls Real Estate Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 25, 2010, inter alia, has considered and approved the following: The proposal to restructure the wholesale trading business of the Company was considered and approved. This proposal shall be implemented in terms of a scheme of arrangement under the provisions of Sections 391-394 of the Companies Act, 1956 (“Scheme”) which will provide for the transfer by way of a demerger of the wholesale trading business of the Company as a going concern to Indiabulls Wholesale Services Ltd. (“IWSL”), currently a wholly owned subsidiary of the Company, in consideration for which IWSL will issue equity shares and global depository receipts (“GDRs”) to the shareholders and GDR holders, respectively, of the Company in accordance with the Scheme, based on a share entitlement ratio approved by the Boards of Directors of both the companies. The Board of Directors of the Company also approved the share entitlement ratio of 1(One) equity share in IWSL of face value Rs. 2 each credited as fully paid-up for every 8(Eight) equity shares of Rs. 2 each held by such shareholder in the Company, on the basis of the recommendation made by an independent valuer being M/s. Doogar & Associates, Chartered Accountants, and the fairness opinion on the said recommendation given by M/s. D & A Financial Services Pvt, Ltd., Category 1 Merchant Bankers. Pursuant to the Scheme, the shares of IWSL are proposed to be listed on the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Ltd. and the GDRs on the Luxembourg Stock Exchange. The above proposal is subject to the satisfaction of various conditions, including obtaining necessary approvals from the shareholders, creditors and regulatory authorities including those of the stock exchanges under the Listing Agreement, and sanction of the Scheme by the High Court of Delhi.
Source:BSEÂ Â Â Date :26th-Feb-2010
Suzlon Energy
Suzlon Energy Ltd has informed BSE that pursuant to the press note dated February 15, 2010 issued by the Ministry of Finance, Government of India, the Board of Directors of the Company has, subject to receipt of approval of the shareholders and regulatory approvals as may be required, approved the reduction of the conversion prices of its US$ 300,000,000 zero coupon convertible bonds issued on June 11, 2007 and due June 2012(ISIN:XS0302069249) and US$ 200,000,000 zero coupon convertible bonds issued on October 10, 2007 and due October 2012 (ISIN: XS0323163526) (collectively the “FCCBs”). Further the Company informed that the Board of Directors of the Company has decided to conduct a Postal Ballot for seeking the approval of the shareholders by way of special resolution for reduction in the conversion price of the FCCBs.
Source:BSEÂ Â Â Date :26th-Feb-2010
Power Grid Corporation of India
Power Grid Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 25, 2010, inter alia, has approved the following investment approvals: 1. Investment approval for System Strengthening in Southern Region-XII at an estimated cost of Rs 232.34 Crore, with commissioning schedule of within 28 months from the date of investment approval. 2. Investment approval for Mauda Transmission System at an estimated cost of Rs 469.38 Crore, with commissioning schedule of within 32 months from the date of investment approval. 3. Investment approval for Transmission System associated with Pallatana Gas Based Power Project and Bongaigaon Thermal Power Station (TPS) at an estimated cost of Rs 2144.00 Crore, with commissioning schedule of within 34 months progressively from the date of investment approval.
Source:BSEÂ Â Â Date :26th-Feb-2010
Thomas Cook (India)
Thomas Cook India Ltd has informed BSE regarding a Press Release dated February 25, 2010 titled “Thomas Cook ties up with Shamrao Vithal Co-Operative Bank Ltd. to expand MoneyGram services to customers”
Source:BSEÂ Â Â Date :26th-Feb-2010
Jyoti Structures
Jyoti Structures Ltd has informed BSE that the Compensation Committee of the Board of Directors by Circulatory Resolution dated February 25, 2010 has allotted 32,175 Equity Shares of Rs. 2 each arising out of Stock Options granted to the employees of the Company under Employees Stock Option Scheme. Consequent to the aforesaid allotment of 32,175 Equity Shares of Rs. 2 each, the paid up share capital of the Company has increased to Rs. 16,40,08,830 divided into 8,20,04,415 Equity Shares of Rs. 2 each.
Source:BSEÂ Â Â Date :26th-Feb-2010
Hit Kit Global Solutions
Hit Kit Global Solutions Ltd has informed BSE about the Financial Results for the Quarter & Year ended January 31, 2010.
Source:BSEÂ Â Â Date :26th-Feb-2010
Manappuram General Finance & Leasing
Manappuram General Finance & Leasing Ltd has informed BSE that subsequent to the approval accorded by the Shareholders of the Company under Section 81(1A) and other applicable provisions of the Companies Act, 1956, at their EGM held on January 20, 2010, authorizing the issuance of Equity Shares of an aggregate amount not exceeding Rs. 300 crores. The duly authorised committee of the Board of Directors of the Company has, at its meeting held on February 25 2010, decided to make an issuance of an aggregate amount not exceeding Rs. 300 crores to Qualified Institutional Buyers (QIBs) in terms of chapter VIII of the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations 2009, as amended and for this purpose, to open the issue. The Committee has also approved of a Preliminary Placement Document in respect of the Equity shares proposed to be issued as aforesaid.
Source:BSEÂ Â Â Date :26th-Feb-2010
Advanta India
Advanta India Ltd has informed BSE about the Financial Results for the Year ended December 31, 2009.
Source:BSEÂ Â Â Date :26th-Feb-2010
Country Condos
Country Condos Ltd has informed BSE that pursuant to an order made on February 11, 2010 the Hon’ble High Court of Andhra Pradesh at Hyderabad has directed that meeting of the shareholders of the above applicant / transferee Company (Country Condos Ltd) be held on March 20, 2010 for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed scheme of amalgamation of M/s. Country Club Bangalore Ltd. with M/s. Country Condo’s Ltd.
Source:BSEÂ Â Â Date :26th-Feb-2010
Kanoria Chemicals and Industries
Kanoria Chemicals & Industries Ltd has informed BSE that the members of the Company will consider to approve the special resolution through Postal Ballot.
Source:BSEÂ Â Â Date :26th-Feb-2010
Harita Seating Systems
With reference to the earlier announcement dated January 22, 2010, regarding Outcome of Board Meeting, Harita Seating Systems Ltd has informed BSE that in terms of the joint venture agreement between the Company and M/s. F. S. Fehrer Automotive Gmbh, Germany (Fehrer), HFRL allotted 68,33,364 equity shares of Rs. 10/- each at a premium aggregating Rs. 69.38 Cr. In view of this investment by Fehrer in HFRL, HFRL ceased to be a wholly owned subsidiary but continues to be a subsidiary of the Company and consequently, the entire paid up capital of HFRL is being held in the ratio of 60:40 by the Company and Fehrer respectively.
Source:BSEÂ Â Â Date :26th-Feb-2010
Allcargo Global Logistics
With reference to the earlier announcement dated February 24, 2010, regarding allotment of shares under the ESOP Scheme of the Company, Allcargo Global Logistics Ltd has now informed BSE that in the said announcement, the numbers of shares allotted was inadvertently mentioned as “33,998″ equity shares, which should be read as “34,000″ equity shares. Accordingly, with the allotment of 34,000 equity shares, the paid up capital share capital of the Company has been increased from Rs. 249,622,530 divided into 124,811,265 equity shares of Rs. 2 each fully paid to Rs. 249,690,530 divided into 124,845,265 equity shares of Rs. 2 each fully paid.
Source:BSEÂ Â Â Date :26th-Feb-2010