BSE Notices 24-06-2008

   Swastika Investsmart
    Swastika Investsmart Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2008, to consider and approve the Audited Financial Result for the year ended March 31, 2008 and to recommend the dividend on equity share if any as may be decided by the Board of Directors.
Source: BSE    Date: 2008-06-24

    Broadcast Initiatives    
Broadcast Initiatives Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has decided the following: 1. Increase the Authorised Share Capital of the Company from existing Rupees Twenty Five Crores to Rupees Thirty Crores; 2. Issue and allot on a preferential allotment basis Sixty lacs fully paid-up equity shares of Rs 10/- each at a price up to Rs 36.50 (Including Premium of Rs 26.50) per equity share to HDIL Infra Projects Pvt Ltd (HIPPL) as per SEBI Guidelines. in accordance with SEBI and other applicable guidelines and subject the consent of the members of the Company and other requisite authorities, if any. An Extra Ordinary General Meeting of the shareholders of the Company will be convened on July 23, 2008 for obtaining shareholders approval for abovementioned. increase in the authorised capital and the preferential issue. Further, the board has also noted the following: 1. This proposed preferential allotment will trigger an Open Offer to be made by HDIL Infra Projects Pvt Ltd to the public shareholders to acquire a minimum of 20% of the Emerging Voting Capital i.e. 5,062,800 Equity shares of the Company for a price that will be determined as per the SEBI Guidelines. 2. The present promoter group of the Company has also entered into an agreement with “HDIL Infra Projects Pvt Ltd” and other Persons Acting in Concert (Collectively referred to as “Acquirers”) to transfer such number of shares in the Company to Acquirers subject to the requisite approvals, consents and permissions, so as to make sure that the Acquirers collectively hold 51% of the Emerging Voting Capital of the Company i.e. 1,29,10,140 Equity shares of the Company including the shares to be allotted on preferential basis, the shares to be acquired through open offer and the shares to be acquired from the present promoters. 3. Also, allotment on a preferential basis of Equity shares in Sri. Adhikari Brothers Media Ltd and Technocraft Media Pvt Ltd, will be made to the Acquirers, pursuant to which these companies will cease to be subsidiaries of Broadcast Initiatives Ltd.
Source: BSE    Date: 2008-06-24

    Patel Engineering Company  
Patel Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has recommended a final dividend @ 20% on Equity Shares.
Source: BSE    Date: 2008-06-24

    Areva T&D    
Areva T&D India Ltd has informed BSE regarding a Press Release dated June 24, 2008 titled “Transmission and Distribution: AREVA awarded largest 400/220 kV Switchyard with transformers contract in India”
Source: BSE    Date: 2008-06-24

    IDBI Bank    
IDBI Bank Ltd has informed BSE regarding the 4th Annual General Meeting (AGM) of the members of the Bank will be held on July 22, 2008.
Source: BSE    Date: 2008-06-24

    TV Today Network   
TV Today Network Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has recommended dividend @ 15% on the paid-up capital of the Company for the financial year 2007-08.
Source: BSE    Date: 2008-06-24

    Sybly Industries  
Sybly Industries Ltd has informed BSE that GDR Issue of the Company for 1,510,250 Global Depository Receipts have been officially listed on the Luxembourg Stock Exchange since June 20, 2008.
Source: BSE    Date: 2008-06-24

    Elegant Floriculture and Agrotech (India)    
Elegant Floriculture & Agrotech India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 21, 2008, inter alia, have allotted 1,00,00,000 (One Crore) Warrants of Rs 10/- each on preferential basis to Promoters and others with each warrant convertible, at the sole option of the warrant holder, into one equity share of Rs 10/- each at par.
Source: BSE    Date: 2008-06-24

    Punjab National Bank  
Punjab National Bank has informed BSE that RBI vide their letter dated June 23, 2008 has granted approval for opening Bank’s Representative Office in Norway.
Source: BSE    Date: 2008-06-24

Satyam Computer Services
Satyam Computer Services Ltd has informed BSE regarding a Press Release dated June 24, 2008 titled “Satyam Joins Rockwell Automation PartnerNetwork”
Source: BSE    Date: 2008-06-24

    Modern India  
With reference to news item appearing in leading financial daily titled “Real Estate gains await Modern India”, Modern India Ltd has clarified to BSE that no information contained in the above referred news item is given by the Company sources to any news paper agency. These are merely speculations as to selling prices of properties and EPS interpolated by them. As such, the Company dose not subscribe to the above referred news item. However, the Company has further clarified that the Company in the regular business of buying end selling of properties and, as and when anything materializes, the Company will officially and formally inform all such events and dealings.
Source: BSE    Date: 2008-06-24

    Kotak Mahindra Bank   
Kotak Mahindra Bank Ltd has informed BSE that the 23rd Annual General Meeting (AGM) of the members of the Company will be held on July 28, 2008.
Source: BSE    Date: 2008-06-24

    Garware Polyester
Garware Polyester Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company was held on June 19, 2008.
Source: BSE    Date: 2008-06-24

    S Kumars Nationwide  
S.Kumars Nationwide Ltd (SKNL) has informed BSE that SKNL’s wholly owned unlisted subsidiary Reid & Taylor (India) Ltd, to which Reid and Taylor Division was spun off, has just concluded an agreement with Indivest Pte Ltd, an affiliate of GIC Special Investments (”GIC SI”) whereby GIC SI will invest Rs 900 crores in Reid & Taylor through a fresh issue of shares and warrants. Post-conversion, GIC SI would own 25.4% of Reid & Taylor, valuing it at Rs 3,540 crores. The Company will own 74.6% of Reid & Taylor (India) Ltd post the investment from GIC SI. GIC SI investment in Reid & Taylor will help to substantially strengthen Reid & Taylor and SKNL’s business and their ability to grow in the luxury fabric and apparel and other textile segments of the textile industry, where it is already a market leader.
Source: BSE    Date: 2008-06-24

    Tata Consultancy Services   
Tata Consultancy Services Ltd (TCS) has informed BSE regarding a Press Release dated June 24, 2008 titled “Tata Consultancy Services to design and implement integrated tax system for Uganda”.
Source: BSE    Date: 2008-06-24

    JJ Exporters    
JJ Exporters Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 23, 2008 have not recommended payment of any dividend for 2007-2008, due to inadequacy of profit.
Source: BSE    Date: 2008-06-24

    Tutis Technologies  
Tutis Technologies Ltd has informed BSE that Basiz Fund Service Pvt Ltd (”Basiz”), a subsidiary company of Vishal Information Technologies Ltd, subsidiary company of Tutis Technologies Ltd, has received capital investment of Rs 8,56,40,000/- (Rupees Eight Crores Fifty Six Lacs Forty Thousand only) on June 13, 2008 from NEA Indo US Venture Capital LLC, (”NEA”) a company having its registered office at Mauritius towards investment into equity and Cumulative Convertible Participative Preference Shares. Basiz has also appointed Dr. Kumar Shiralagi, as a nominee of NEA as a Director on its Board. The said funds will be utilized for development and marketing of fund accounting services provided by Basiz.
Source: BSE    Date: 2008-06-24

    Mercator Lines
Mercator Lines Ltd has informed BSE that 24th Annual General Meeting (AGM) of the members of the Company will be held on July 16, 2008.
Source: BSE    Date: 2008-06-24

    Torrent Pharmaceuticals   
With reference to the news item appearing in a leading financial daily titled “Sun Pharma eyeing Torrent Pharma”, Torrent Pharmaceuticals Ltd has clarified to BSE that the Company has denies that it or it’s promoters’ intend to sell any stake to Sun Pharmaceuticals Ltd.
Source: BSE    Date: 2008-06-24

    Sun Pharmaceutical Industries   
With reference to the news item appearing in a leading financial daily titled “Sun Pharma eyeing Torrent Pharma?”, Sun Pharmaceutical Industries Ltd has clarified to BSE that the Company are not looking for any domestic acquisitions, and the Company do not comment on any market rumors.
Source: BSE    Date: 2008-06-24

    Jain Irrigation Systems    
Jain Irrigation Systems Ltd has informed BSE regarding a Press Release dated June 24, 2008 titled “Jain Irrigation Secures Rs 227.7 mn Irrigation products export order”
Source: BSE    Date: 2008-06-24

    SE Investments  
SE Investments Ltd has informed BSE regarding the members at the 16th Annual General Meeting (AGM) of the Company held on June 03, 2008.
Source: BSE    Date: 2008-06-24

    Kilburn Chemicals
Kilburn Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has recommended a dividend of 5% for the year 2007-2008 subject to approval of shareholders.
Source: BSE    Date: 2008-06-24

    UP Hotels   
UP Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2008, inter alia, has recommended a dividend of 100% i.e. Rs 10 per equity share for the financial year ended March 31, 2008.
Source: BSE    Date: 2008-06-24

    Deccan Chronicle Holdings   
With reference to the earlier announcement dated June 13, 2008, Deccan Chronicle Holdings Ltd has now informed BSE that the Board may also consider declaration of dividend in addition to consider and take on record the Audited Financial Results of the Company for the year ended March 31, 2008 at the Board meeting to be held on June 30, 2008.
Source: BSE    Date: 2008-06-24

    Bharat Petroleum Corporation   
Bharat Petroleum Corporation Ltd (BPCL) has informed BSE that the Company will be amending its Objects Clauses of Memorandum of Association by way of conducting the Postal Ballot as required under Section 192A of the Companies Act, 1956 read with Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 for undertaking various new activities concerning to Bio-diesel, Ethanol, power generation, Non concentional sources of Energy, Water management, Climate control solutions, Information Technology etc.
Source: BSE    Date: 2008-06-24

    Religare Enterprises
With reference to the news item appearing in a leading financial daily titled “Religare to set up retail outlets for personal finance”, Religare Enterprises Ltd has clarified to BSE that this news item has been picked by the media from Industry sources and that Religare has not offered any official comment / issued any official press release regarding the same to the media. Further the Company has informed that, Religare Finvest Ltd (RFL), a wholly owned subsidiary of Religare Enterprises Ltd (REL), has recently undertaken an initiative to launch its Religare Finmart branded chain of financial services stores across the country to service the growing need of third party distribution and consumer finance business.
Source: BSE    Date: 2008-06-24

    Joindre Capital   
Joindre Capital Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2008, inter alia, to consider the following: 1. To consider and take on record the Audited financial results for the year ended March 31, 2008. 2. To consider the amalgamation of M/s. Priority Shareshoppe Pvt. Ltd. with the Company.
Source: BSE    Date: 2008-06-24

    Godawari Power & Ispat  
Godawari Power & Ispat Ltd has informed BSE that the Company received “In Principle” approval from Government of India, Ministry of Environment & Forest for diversion of 106.60 hectare of Forest Land for Ari Dongri Iron Ore Mines in Bhanupratappur Forest Division in Kanker District of Chhattisgarh under Section 2 of the Forest (Conservation) Act, 1980 subject to fulfillment of certain conditions. The Company shall comply with the various terms & conditions of “In Principle” approval and again approach the Ministry for grant of final approval before the transfer of forest land for mining use.
Source: BSE    Date: 2008-06-24

    Hikal    
Hikal Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 03, 2008, to consider and to take on record the Audited Financial Results and recommendation of final dividend for the year ended March 31, 2008.
Source: BSE    Date: 2008-06-24