Tata Steel

Tata Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 27, 2009, inter alia, has approved the following changes in the Board of Directors of the Company: 1. Mr. H M Nerurkar, Chief Operating Officer has been appointed as the Executive Director, India & South East Asia, with effect from April 09, 2009. Mr. Nerurkar will be responsible for the Indian and South East Asia operations of the Company. 2. Mr. Kirby Adams has been appointed as an Additional Director with effect from April 09, 2009. 3. Mr. Kirby Adams and Mr. H M Nerurkar will report to Mr. B Muthuraman, Managing Director of Tata Steel Ltd who will, in addition, be responsible for the Group Corporate functions. 4. Dr. T Mukherjee, currently Director, Technology and Integration, Tata Steel Group will retire from his executive position with effect from March 31, 2009. Consequent to this, Dr. Mukherjee will step down from the Board of Tata Steel effective this date.
Source: BSE    Date: 27th-Feb-2009
Bata India

Bata India Ltd has informed BSE about the Audited financial results for the Quarter & Year ended December 31, 2008 & Audited Consolidated financial result for the Year ended December 31, 2008.
Source: BSE    Date: 27th-Feb-2009
Videocon Communications

Trend Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2008, inter alia, has recommended 5 % dividend i.e., Re 0.50 (Paise Fifty only) per share for the financial year ended September 30, 2008 for the consideration and declaration by the members at the ensuing Annual General Meeting.
Source: BSE    Date: 27th-Feb-2009
Value Industries

Value Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2009, inter alia, has recommended dividend of Re 0.50 (Paise Fifty Only) per share for the financial year ended September 30, 2008 for the consideration and declaration by the members at the ensuing Annual General Meeting.
Source: BSE    Date: 27th-Feb-2009

Videocon Industries

Videocon Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2009, inter-alia, has recommended dividend of Re. 1/- (Rupee One only) per share for the financial year ended September 30, 2008 for the consideration and declaration by the members at the ensuing Annual General Meeting.
Source: BSE    Date: 27th-Feb-2009
Maytas Infra

Maytas Infra Ltd has informed BSE that regarding a Press Release dated February 26, 2009 titled “Maytas Infra files criminal case against Vedanta Aluminum and its employees”.
Source: BSE    Date: 27th-Feb-2009
Merck

Merck Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2009, inter alia, have recommended dividend of Rs 17.50/- per equity share of Rs 10/- each.
Source: BSE    Date: 27th-Feb-2009
Geojit Financial Services

Geojit Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2009, inter alia, has decided to make an additional share capital investment of Rs 8 crore in BNP Paribas Securities India Pvt Ltd, a Joint Venture Company formed with BNP Paribas for institutional broking business, to increase the paid up share capital of the Joint Venture from Rs 16 crore to Rs 32 crore.
Source: BSE    Date: 27th-Feb-2009
Passari Cellulose Ltd

Passari Cellulose Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 05, 2009, inter alia, to consider allotment of 20,45,500 Equity Shares in terms of special resolution passed in the Extraordinary General Meeting held on January 14, 2009 and in terms of in-principle approval letter dated February 19, 2009.
Source: BSE    Date: 27th-Feb-2009
Indbank Merchant Banking Services

Indbank Merchant Banking Services Ltd has informed BSE regarding a Press Release titled “Inauguration of Tuticorin Branch and Launching of Indbankonline Stock Trading Point” in connection with the inauguration of Branch and Stock Trading Point at Tuticorion.
Source: BSE    Date: 27th-Feb-2009

Gujarat Gas Company

Gujarat Gas Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2009, inter alia, have approved the following : 1. Recommended a Dividend @ 150% i.e. Rs 3/- per equity shares on the fully paid equity share of Rs 2 each. 2. Decided to convene the Annual General Meeting on April 30, 2009.
Source: BSE    Date: 27th-Feb-2009
Dujodwala Paper Chemicals

Dujodwala Paper Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 27, 2009, inter alia, to consider issue of Equity Shares on preferential issue basis.
Source: BSE    Date: 27th-Feb-2009
Tata Steel

Tata Steel Ltd has announced the following Un-Audited Consolidated Financial Results for the Quarter ended December 31, 2008: The Group has posted a Net profit of Rs 7322.10 million for the quarter ended December 31, 2008 as compared to Rs 13117.60 million for the quarter ended December 31, 2007. Total Income has increased from Rs 320743.40 million for the quarter ended December 31, 2007 to Rs 332225.90 million for the quarter ended December 31, 2008. – The actuarial gains and losses on funds for employee benefits (pension plans) of Tata Steel Europe Ltd for the period from April 01, 2008 have been accounted in “Reserves and Surplus” in the consolidated financial statements in accordance with IFRS principles and permitted by AS21. This treatment is consistent with the accounting principles followed by Tata Steel Europe and earlier by Corus Group plc. under IFRS. Had the Company followed the previous practice of recognizing changes in actuarial valuations of pension plans of Tata Steel Europe in the profit and loss account, the profit after tax for the current quarter would have been lower by Rs 4,256 crores and for the nine months ended December 31, 2008 would have been lower by Rs 8,635 crores The financial results for the quarter / nine months ended December 31, 2008 and the proforma results for the previous periods have been prepared taking the above into account.
Source: BSE    Date: 27th-Feb-2009
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 24, 2009, inter alia, has accorded investment approval to the following Projects: (I) Investment approval for implementation of ‘North East – Northern / Western Interconnector-I’ Project at an estimated cost of Rs 11130.19 crore with Commissioning Schedule of 54 months for Part A (related to HVDC) and 48 months for part B and C (related to AC) of the transmission system, from the date of investment approval. (II) Investment approval for implementation of ‘Transmission System associated with Korba-III generation project (1x500MW)’ at an estimated cost of Rs 276.61 crore with commissioning schedule of 28 months from the date of investment approval, and (III) Investment approval for implementation of ‘System Strengthening-XI in Southern Regional Grid’ with commissioning schedule of 28 months from the date of investment approval.
Source: BSE    Date: 27th-Feb-2009