BSE Notices 27-09-2007

September 27th, 2007 | by sharegyan |

   Dhanalakshmi Bank   
Dhanalakshmi Bank Ltd has informed BSE about the changes in the Bank’s directorate as follows : 1. The term of Mr. T Umamaheswara Rao, who has been appointed as additional director during the year has expired at the 80th Annual General Meeting (AGM) held on September 26, 2007. 2. AT the AGM, Mrs. Nandini Rangaswamy has been re-appointed as Director whose period of office shall be liable to determination by retirement of Directors by rotation. 3. AT the AGM, Mr. Gyanendra Nath Bajpai has been elected as Director whose period of office shall be liable to determination by retirement of Directors by rotation.
Source: BSE    Date: 2007-09-27

iGATE Global Solutions    
iGate Global Solutions Ltd has announced the induction of Hari Murthy into its Executive Management Team as Chief Sales and Marketing Officer. Hari has had a stellar record in client acquisition and growing businesses of all sizes. Till recently, Hari was the President of American Operations and Head of Peoplesoft Business Unit at Hexaware Technologies. Hari will lead the transformation of Company’s Global Business Development functions. He will report to Phaneesh Murthy, CEO of the Company and will be based in the US.
Source: BSE    Date: 2007-09-27

   Sterlite Projects    
Sterlite Projects Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held September 27, 2007, inter alia, have accorded to the following: 1. Adoption of the audited Balance Sheet of the Company for the year ended March 31, 2007, the Profit & Loss Account and the Cash Flow statement along with the Schedules and Notes forming part thereof together with the Reports of the Directors, Auditors and Practicing Company Secretaries. 2. Re-appointment of Mr. Sharad Khaitan as Director of the Company. 3. Re-appointment of M/s M L Choudhry & Co., as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.
Source: BSE    Date: 2007-09-27

  Emmsons International Ltd    
Emmsons International Ltd has informed BSE that the Company has signed an MOU with Dubai based ETA Star Group to form a Joint Venture for Coal Mining operations in Indonesia. The joint venture Company, hence established in Jakarta (Indonesia) under the name of “STAR EMMSONS RESOURCES” is in the process of acquiring coal mines in Kalimantan Province of Indonesia, and hopes to commence in-house production of coal in the coming months. ETA STAR GROUP, a conglomerate with 4 Billion Dollar turnover, is planning to set up 1200 MW (600 X 2), coal based power plants in South India. This power generation project of ETA STAR GROUP is estimated to have an investment of over Rs 6000 Crores, and will require over 5 million tons of imported coal. The J. V. operations under the flagship Company STAR EMMSONS RESOURCES, are an important step of taking forward the plans of leveraging coal supplies for the IPP’s through imported coal. ETA and Emmsons are both trading imported coal from Indonesia, South Africa, China and other African Countries. However, an initiative for acquisition of coal mines, under the present scenario of huge requirements of imported coal in India, is the need of the hour. The Company is confident that collaboration with a large conglomerate like ETA STAR GROUP will indeed enhance Company’s operations and growth plans of global expansions.
Source: BSE    Date: 2007-09-27

  Bombay Oxygen Corporation   
Bombay Oxygen Corporation Ltd has informed BSE that the members at the 46th Annual General Meeting (AGM) of the Company held on September 25, 2007, inter alia, have passed the following resolutions: 1. Adoption of Audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended on that date together with the reports of Directors and Auditors thereon. 2. Declaration of dividend @ Rs 11/- per equity shares. 3. Re-appointment of Mr. Ibrahim A Rahimtoola and Mr. Nirmal P Jhunjhunwala, as Directors of the Company. 4. Appointment of M/s. K G Shah & Co., Chartered Accountants as the Statutory Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company.
Source: BSE    Date: 2007-09-27

   Bilpower    
Bilpower Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 22, 2007, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2007 and the Profit & Loss Account for the year ended on that date together with the Directors Report’ thereon. 2. Declaration of Final dividend @ 5% per equity share on equity shares capital of Rs 900.08 Lac each for the financial year ended on March 31, 2007. 3. Re-appointment of Mr. Anil Raika and Mr. Vinod Agarwal as Directors of the Company. 4. Re-appointment of M/s. Bansal, Bansal & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & condition. 5. Appointment of Mr. V K Pandit, Mr. Jayat Godbole & Mr. AShok Bansall as Directors of the Company, on remuneration, terms & conditions. 6.Appointment of Mr. Ashok Bansal as Whole Time Director of the Company for a period of 5 years from July 26, 2007, on remuneration, terms & conditions. 7. Increasing the Authorized Share Capital of the company from Rs 15,00,00,000/- to Rs 20,00,00,000 /- by creation of 50,00,000 Equity of Rs 10/- each ranking parri passu with the existing equity shares of the Company. 8. Increase in Authorized Share Capital of the Company from Rs 15,00,00,000/- to Rs 20,00,00,000 by creation of 50,00,000 Equity Shares of Rs 10/- each ranking pari passu with the existing equity shares of the Company and consequential amendments in Memorandum of Association & Articles of Association of the Company. 10. Authority to Board of Directors for borrowing any sum or sums of money from time to time, from any one or more banks and / or from any one or more persons, firms, bodies, corporate, financial institutions, multi-lateral agencies, foreign institutional investors, foreign financial institutions, mutual funds and from any other persons or combinations, thereof whether by way of overdraft, cash credit, advance, deposits loans, debentures or bill discounting or otherwise and whether unsecured or secured way of mortgage, charge, hypothecation, lien or pledge of the Company’s assets and properties, whether in full or in part whether immovable, moveable or stock-in trade (including spares, components, stock and / or stock-in-transit), current assets and all or any other undertakings of the Company, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from the temporary loans obtained from the Company’s bankers in the ordinary course of business) will or may exceed at any time the aggregate of the paid-up capital of the Company and, its free reserves (that is to say, reserves not set apart for specific , by a sum not exceeding Rs 500 crores in rupees and / or in equivalent foreign currency. 11. Authority to Board of Directors of the Company to create mortgage and / or charge an addition of the mortgage of the charges created / to be created by the Company in such former manner and with such ranking and at such time and on such terms as the Board may determine on all or any of the immovable and / or immovable properties of the Company, both present and future and / or in whole or any part of the undertaking of the Company together with the power to take over the management of the business and concern of the Company in certain events of default in favour of lender(s), agent(s) and trustee(s) for securing the borrowing of the Company availed / to be availed by way of loan(s) (in Rupees and foreign currency), non-convertible debenture secured premium notes, floating rate notes / bonds or other instruments issued / to be issued by the Company from time to time subject to limits approved under Section 293 (1)(d) of the Companies Act, 1956 together with the interest at the respective rates, additional interest, compound interest in case of default, accumulated interests, liquidated damages, commitment charges, premia or pre -payment, remuneration of agent(s), trustee(s), premium, if any, on the rates of exchange and all other monies payable by the Company in terms of loan agreement(s) heads of agreement(s), debenture trust deed(s), loan agreement(s) or any other document(s) entered into / to be entered into between the Company and the lender(s), agent(s) and trustee(s) in respect of the said loans / borrowings containing such specific terms and conditions and covenants in respect of enforcement of security as may be stipulated in that behalf and agreed between the Board of Directors or committee(s) formed by the Board of Directors thereof and the lender(s) ,agent(s), trustee(s), subject to necessary provisions and approvals. 12. Revision in the remuneration payable to Mr. Suresh Kumar Chaoudhary, Chairman of the Company with effect from October 01, 2007, on terms & conditions. 13. Revision in the remuneration payable to Mr. Naresh Kumar Chaoudhary, Managing Director of the Company with effect from October 01, 2007, on terms & conditions. 14. Revision in the remuneration payable to Mr. Rajesh Kumar Chaoudhary, Whole Time Director of the Company for the period of 5 years with effect from October 01, 2007, on terms & conditions. 15. Alternation in the main object of the Clause No - 1 of the Clause No - III (A) and to be inserted immediately new clause No 2 of the Memorandum of Association of the Company as under : “- To carry the Business or Business of Manufacturing of Electrical Lamination, Core, Stampings, Transformers, all types of Instrument & Voltage Transformers and to carry on the Business of Distribution / Erection / Generation of Power and energy meters or equipments related to power Industries and parts thereof, to carry on a business of Power Trading activities, Transmission & Distribution / EPC Business, Business of Mining, Business of manufacturing of motors, alternators, business of drawing copper, Lamp / Lightning business and parts thereof, to carry on business of exporters, importers, traders, commission agents, Indenters, selling agents, stockiest, clearing agents, licensing agents and to do a business, of manufacturing and trading of Non Ferrous Metal including scrap. ” 16. Authority to the Board of Directors of the Company to commence all or any of the business specified in New Object clause as and when they may think fit.
Source: BSE    Date: 2007-09-27

  ANG Auto    
ANG Auto Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2007 and Profit & Loss Account of the Company for the year ended on that date, together with the Directors Report and the Report of the Auditor thereon. 2. Re—appointment of Mr. Manoj Gupta as a Director of the Company, liable to retire by rotation. 3. Declaration of Dividend at the rate of 20% on equity shares of Rs 10/- each. 4. Re-appointment of M/s. Sandesh Jain & Co., Chartered Account as Statutory Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions. 5. Increase in Borrowing powers under Section 293(1)(d) of the Companies Act, 1956.
Source: BSE    Date: 2007-09-27

   Samkrg Pistons and Rings    
Samkrg Pistons & Rings Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have accorded to the following: 1. Approval of Audited Statement of Accounts for the year ended March 31, 2007 and Balance Sheet as on that date along with the Report of Directors and Auditors thereon. 2. Declaration of Dividend 35% i.e. @ 3.50/- per equity share. 3. Re-appointment of Mr. V Chakrapani & Mr. M N Thakkar as Directors of the Company. 4. Appointment of M/s Ravi & Keshav, Chartered Accounts, as Statutory Auditors of the Company to hold office from the conclusion of the Annual General Meeting until the conclusion of next Annual General Meeting of the Company.
Source: BSE    Date: 2007-09-27

Suven Life Sciences   
Suven Life Sciences Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have declared the Dividend @ 25% for the year 2006-07 and also approved and authorized the Board of Directors to raise funds to the tune of USD 50 million either through international offering and / or domestic offering by way of FCCBs / ADRs / GDRs etc.
Source: BSE    Date: 2007-09-27

  Housing Development and Infrastructure  
Housing Development & Infrastructure Ltd (HDIL) has informed BSE that Shri Ashok Kumar Gupta is no more an Independent Director he will be considered as Non Executive Non Independent Director with immediate effect.
Source: BSE    Date: 2007-09-27

  Housing Development and Infrastructure    
Housing Development & Infrastructure Ltd (HDIL) has informed BSE that the Board of Directors of the Company at its meeting held on September 27, 2007, has approved the issue of 7500 Secured Redeemable Non Convertible Debenture of the face value of Rs 10 lakhs each comprising Rs 750 cr in one or more tranches and passed the umbrella offer document regarding that.
Source: BSE    Date: 2007-09-27

  Rajesh Exports    
Rajesh Exports Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 22, 2007, inter alia, to consider the following: 1. The issue of Bonus Shares. 2. Splitting of existing equity shares of Rs 2 each to equity share of Re 1 each.
Source: BSE    Date: 2007-09-27

  Tantia Constructions    
Tantia Constructions Ltd has informed BSE that the Company has received the following prestigious prestigious projects in the month of July and August, 2007:- 1. Three construction projects from National Hydroelectric Power Corporation Ltd (NHPC) for construction and maintenance of the road for the five years at Patna in the state of Bihar amounting to Rs 12.50 crones approx. 2. Two construction projects from World Bank Projects (Roads) U.P.P.W.D, Lucknow for Rehabilitation Road Works under Utter Pradesh Stale Roads Projects amounting to Rs 70.83 crores approx. 3. A rail work from Eastern Railway for earthwork, blanketing work, construction of RCC bridges between Azimganj Jn station to proposed bridge site across the river Bhagirathi along with the restoration of Rail Link in between Jiaganj (Murshidabad) and Azimganj Ju amounting to Rs 18.77 crore. The total value of work awarded is Rs 102.10 crore.
Source: BSE    Date: 2007-09-27

  Sakthi Sugars    
Sakthi Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 27, 2007, inter alia, has decided the following: 1. Recommended 15% dividend on 3,13,73,066 equity shares of Rs 10/- each of the Company. 2. Recommended the interim dividend paid on preference shares upto the date of redemption i.e. on September 28, 2006 as final dividend for declaration at the Annual General Meeting.
Source: BSE    Date: 2007-09-27

    Melstar Infotech    
Melstar Information Technologies Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on September 26, 2007, inter alia, have accorded to the following: 1. Adoption of Annual Audited Accounts for the year ended March 31, 2007. 2. Re-appointment of Mr. Bharat Ramani, Mr. Mrugesh Shah & Mr. Sattar Shaikh as directors of the Company, liable to retire by rotation. 3. Re-appointment of M/s Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company. 4. Authorizing the Board of Directors to appoint Branch Auditors, in consultation with the Statutory Auditors of the Company, for the existing overseas branch offices in the US and UK.
Source: BSE    Date: 2007-09-27

  Silicon Valley Infotech    
Silicon Valley Infotech Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 18, 2007, inter alia, have accorded to the following: 1. Adoption of the Balance Sheet of the Company as on March 31, 2007, the Profit and Loss Account of the Company for the financial year ended March 31, 2007, together with the Schedules and Notes, as attached thereto, the Directors Report dated July 30, 2007 annexed thereto, and the Auditors Report to the Members dated June 30, 2007. 2. Re-appointment of Shri Bhagwati Prasad Jhunjhunwala as Director of the Company, liable to retire by rotation. 3. Re-appointment of M/s P K Ajitsaria & Co., Chartered Accountants, Kolkata as Auditors of the Company, who shall hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company on remuneration, terms & condition. 4. Appointment of Shri Taposh Kumar Mullick & Sri Hari Ram Agarwal, as Directors of the Company, liable to retire by rotation.
Source: BSE    Date: 2007-09-27

Selan Exploration Technology    
Selan Exploration Technology Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 24, 2007, inter alia, have unanimously passed all the resolutions as stated in the Notice for the AGM of the Company.
Source: BSE    Date: 2007-09-27

  Millars India    
Millars India Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 24, 2007, inter alia, have approved the change of name of the Company from M/s Millars India Ltd to M/s Skyline Millars Ltd. The main intention for the change of Name was to reflect that Company’s Joint Promoters M/s Skyline Group consisting of M/s Skyline Vision Pvt Ltd, M/s Dave Builders Pvt Ltd and M/s Jatin Daisaria Realtors Pvt Ltd having been inducted in the Company.
Source: BSE    Date: 2007-09-27

Alok Industries    
Alok Industries Ltd has informed BSE that on September 27, 2007, the Company has received a conversion notice from its Paying, Conversion and Transfer Agent for conversion of 40 FCCBs of USD 50000 aggregating to USD 2.00 million into equity shares. In terms of the Offering Circular dated May 26, 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on September 27, 2007 issued and allotted 13,64,037 equity shares of the face value of Rs 10.00 each for cash at a premium of Rs 61.5875 per share as an outcome of conversion of above referred FCCBs. By virtue of conversion of 40 FCCBs referred above, the number of FCCBs and amount outstanding stands at 894 and USD 44.70 million respectively. By virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,03,71,974 equity shares of the face value of Rs 10/- each to 17,17,36,011 equity shares of the face value of Rs 10/- each.
Source: BSE    Date: 2007-09-27

Ansal Housing and Construction    
Ansal Housing & Construction Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have approved the following: 1. Adoption of Annual Accounts for the year ended March 31, 2007, together with the consolidated financial Statement of the Company. 2. Declaration of dividend @ 18% on the paid-up equity share capital. 3. Re-appointment of Shri Ashok Khanna and Shri S L Kapur, Directors of the Company, liable to retire by rotation. 4. Re-appointment of M/s. Khanna & Annadhanam, Chartered Accountants as Statutory Auditors of the Company. 5. Approval and authorization to the Board of Directors of the Company for borrowing and creation of charge in terms of section 293(1)(d) and 293(1)(a) of the Companies Act, 1956 upto an enhance limit of Rs 1000 crores. 6. Approval of re-appointment / remuneration of Shri Deepak Ansal, Managing Director of the Company with effect from April 01, 2008 to March 31, 2013. 7. Approval of increase in Remuneration of Mrs. Divya Ansal, Advisor (Interior Design and Landscape) of the Company.
Source: BSE    Date: 2007-09-27

    Garware Offshore Services    
Garware Offshore Services Ltd has informed BSE that the Company’s Anchor Handling Tug Cum Supply Vessel (AHTSV), M.V. Garware II, which has come off contract from ONGC has started work in the spot market and has been awarded contract on short term basis at a charter rate which is approx. 50% higher.
Source: BSE    Date: 2007-09-27

  Indian Hotels Company    
Indian Hotels Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 27, 2007, for approving the draft of the Offer document to be filed with SEBI, has decided to modify one of the two instruments comprising the Rights Issue. The modified Rights Issue proposals will now be as under: The Company will make two simultaneous but unlinked Rights Issues as follows:- (a) There will be no change in the Rights Issue of Equity shares to be offered to the shareholders in the ratio of 1:5 at a price of Rs 70 per share (of the face value of Rs l each). This issue will increase the Equity Capital by Rs 12.06 crores (over the present capital of Rs 60.29 crores) and will raise Rs 844 crores; and (b) In place of the proposed issue of 4% Fully Convertible Debentures announced earlier, it is now proposed to make a Rights Issue of 6% Non-Convertible Debentures (NCD) of the face value of Rs l00 each in the ratio of 1 NCD for every 10 Equity shares held with each NCD having a detachable Warrant which would give the holders the right to purchase 1 Equity share of the Company at a price in the range of Rs l30 to Rs l50 per share and this Right would be exercisable not later than 12 months from the date of allotment. The price at which the Warrants would be exercisable and the specific period for exercising the Warrants will be fixed at the time of the actual issue. The NCDs with a maturity of 3 years would raise an amount of Rs 600 crores and a further sum of Rs 780 crores to Rs 900 crores (depending on the price to be fixed) would be raised when the Warrants are exercised. The increase in capital from this modified instrument would remain at Rs 6 crores as earlier proposed.
Source: BSE    Date: 2007-09-27

   Laser Diamonds Ltd    
Laser Diamonds Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2007 to September 28, 2007 (both days inclusive) for the purpose of 13th Annual General Meeting (AGM) of the Company to be held on September 28, 2007.
Source: BSE    Date: 2007-09-27

  ABG Shipyard    
ABG Shipyard Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 27, 2007, inter alia, have accorded to the following: 1. Approval of the Directors Report and the Profit & Loss Account for the year ended on March 31, 2007 and the Balance Sheet. 2. Payment of Dividend of Rs 1.50 per equity share of Rs 10/- each on equity shares. 3. Re-appoint of Shri. Rishi Agarwal, Shri. Saket Agarwal and Shri. Kamlesh Kumar Agarwal as Directors. 4. Appointment of M/s Nisar & Kumar Auditors of the Company on remuneration, terms and conditions. 5. Insertion of new Articles in the Articles of Association of the Company pursuant to Section 31 and other applicable provisions of the Companies Act, 1956. 6. Approval to changes / variation in terms of remuneration payable to Shri. R S Nakra - Executive Director (Technical) w.e.f. April 01, 2006. 7. Authorisation pursuant to Section 81 (1A) of the Companies Act, 1956 and Chapter XIIIA of the SEBI (Disclosure and Investor Protection) (SEBI DIP Guidelines), 2000 and other applicable provisions, authorizing the Board to issue, offer and allot Equity Shares and / or convertible bonds and / or other securities convertible into Equity shares upto 58,89,175 equity shares to Qualified Institutional Buyers (as defined by SEBI (DIP) Guidelines), pursuant to a Qualified Institutional placement as provided under Chapter XIIIA of the SEBI DIP Guidelines QIB, in one or more franchises and at such price(s) and in such manner as the Board may decided from time to time. 8. Authorising the Board of Directors in terms of Section 293 (1)(a) and 293 (1)(d) of the Companies Act, 1956 and other applicable provisions to borrow money and to create security by creation of charge on the assets of the Company upto a limit of Rs 3000 Crores.
Source: BSE    Date: 2007-09-27

Parsvnath Developers    
Parsvnath Developers Ltd has announced that in an overwhelming response to the first phase of the launch of Parsvnath Prideasia, the Premium Township of the Company, more than 65% of the units on offer have been booked. 220 units in various categories at this luxurious township situated in the heart of Chandigarh have been booked amounting to a sale of Rs 325 crores approximately. 10% of the 359 units which were made available for booking were reserved for IT / ITES companies. This initiative was specially taken keeping in mind the upcoming IT / ITES / BPO companies in the vicinity of the township and the place seeing the interest of many professionals to reside in the city which is strategically located in Rajiv Gandhi Chandigarh Technology Park. The Township has been witnessing a sea of visitors since its launch at the beginning of the month. Even the limited edition 5 bedroom Penthouses and Exclusive Villas have witnessed tremendous response. The exquisitely designed 123 acres luxurious township providing for aristocratic living amidst Sukhna lake, golf course and in the backdrop of Shivalik Range is an integral part of the Rajiv Gandhi Chandigarn Technology Park which is fast becoming the most attractive hub for investments, job creation and education. According to Mr. Pradeep Jain, Chairman of the Company, “We are quite satisfied with the bookings that we have received in the first phase. The response and acceptance shown towards the new concept introduced is quite encouraging. The booking figures for the Hi end apartments and Villas are also very forthcoming.” “This is the first time that we have introduced many new concepts and amenities in the township that are synonymous with luxurious and premium lifestyle. The aspiration to own such an address is growing gradually and we are willing to wait for this enigma to grow,” Mr. Pradeep Jain added. Parsvnath PRIDEASIA is a joint venture between the Company and Chandigarh Housing Board. The Project has a saleable residential area of 38.5 lakh sq ft, a commercial area of 2.7 lakh sq ft. and a club, Sports centre and a water sports complex of 2 lakh sq. ft.
Source: BSE    Date: 2007-09-27

    Omaxe
Omaxe Ltd has informed BSE that on September 25, 2007, the Company has allotted 100 Secured Non Convertible Debentures of Rs 1 Cr. each (Series H) amounting to Rs 100 Crores to LIC Mutual Fund (Dist No. 601-700) on Private placement basis. The Company has further informed BSE that 100 nos. Secured Non Convertible Debentures of Rs 1 Cr. each (Series F) amounting to Rs 100 Crores issued to Axis Bank Ltd has been listed on the Exchange on September 26, 2007.
Source: BSE    Date: 2007-09-27

Sun Pharmaceutical Industries    
Sun Pharmaceutical Industries Ltd has informed BSE about the Press Release of Caraco Pharmaceutical Laboratories Ltd, i.e. Company’s U. S. subsidiary company dated September 26, 2007, as follows : “Caraco Pharmaceutical Laboratories, Ltd, (Amex: CPD) on September 26, 2007 has announced that the US Food and Drug Administration (FDA) has granted final approval for the Company’s Abbreviated New Drug Application (ANDA) for Methimazole Tablets USP, 5 mg and 10 mg (Methimazole). Methimazole is indicated in the medical treatment of hyperthyroidism. Caraco’s Methimazole is therapeutically equivalent to the FDA reference listed drug (RLD) listed in the Orange Book, Methimazole Tablets USP, 5 mg and 10 mg, respectively. According to IMS Data, for the twelve months ended June 2007, Methimazole had annual sales of approximately $21 million. Daniel H. Movens, Caraco’s Chief Executive Officer, said, “We are pleased to receive this approval from the FDA. This marks the third approval in the last 30 days and the sixth approval this quarter. This is in addition to the two tentative approvals granted by the FDA during the period. One of the main driver’s of our growth is to continue to expand and strengthen our product portfolio. This will bring our total product selection to 41 different products represented by 86 various strengths.” Detroit-based Caraco Pharmaceutical Laboratories Ltd, develops, manufactures, markets and distributes generic and private-label pharmaceuticals to the nation’s largest wholesalers, distributors, drugstore chains and managed care providers.”
Source: BSE    Date: 2007-09-27

   Satyam Computer Services    
Satyam Computer Services Ltd on September 27, 2007, has announced that the launch of a new solutions center in Brisbane’s Central Business District. The facility will support Queensland-based clients across various IT platforms with an emphasis on enterprise application-based solutions. The facility reflects the Company’s commitment to the Australian market (the Company has development centers in Melbourne and recently launched a regional solutions hub in North Sydney adding up to over 7,500 square meters) as well as its continuous efforts to bolster its Virtual Global Delivery Model. B. Rama Raju, the Company’s co-founder and managing director, officially opened the new facility at a ceremony attended by several senior Satyam clients, and officiated by Anita Nayar, India’s Consul General. “Satyam is already well established in Australia and today’s announcement reinforces our ongoing commitment to collaborating with customers-wherever they need us-to transform their organizations,” Raju said. “The Brisbane facility will generate world class ICT solutions and offer the same expertise and project management capabilities as our other solution centers across the globe. Moreover, it will enable Satyam to meet specific regional requirements of our Queensland-based clients and help them excel in a competitive national business environment. It clearly demonstrates our willingness to adjust our delivery models to align with our customers needs.” The Brisbane development center will serve local government, finance, and insurance clients, while addressing other sectors, including mining. In addition, a significant proportion of Satyam’s Australian development will also take place at the new facility, primarily the development of future enterprise applications for both Australian and multinational clients. The center currently employs 40 professionals and expects to employ another 50 professionals in the near future. Today, the Company has a diverse workforce of over 1200 associates serving Australia out of which over 800 are based in Australia. The Company has laid major emphasis on local employment generation and today over 42% of associates in Australia are local nationals. Apart from hiring experienced local professionals the Company is working closely with Australian Computer Society (ACS) to foster interest back in IT amongst Australian youth. Towards this initiative the Company has offered scholarships to about 100 associates; many of the university students are already enjoying the benefits of this scholarship and are currently getting trained in India to the same exact standards and training that the Company’s Indian engineers go through in the Company’s campuses. These young graduates after their training will come and form part of Satyam’s Australia’s team. Some of these engineers who attended training in India last year are already working with its clients in Australia.
Source: BSE    Date: 2007-09-27

Creative Eye    
Creative Eye Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have accorded to the following: 1. Adoption of the Balance Sheet of the Company as at March 31, 2007, the Profit & Loss Account and the Cash Flow statement along with the Notes & the Schedules thereto & the Reports of the Directors & Auditors of the Company. 2. Re-appointment of Mr. M R Sivaraman & Mr. T K Choudhury as Directors of the Company. 3. Re-appointment of M/s. Uttam Abuwala & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
Source: BSE    Date: 2007-09-27

  Great Eastern Shipping Company    
Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Company has signed a contract to sell its 1988 built single hull Aframax tanker “Jag Labh”. This Japanese built ship of 96,551 dwt was acquired in February 2005. The ship is scheduled for delivery to buyers in Q3 FY 2007-08. The decision to sell this ship is in line with the Company’s overall strategy of reducing its presence in the non-double hull tanker fleet. In line with the same view, the Company had sold the “Jag Laadki” (Suezmax), “Ardeshir H Bhiwandiwalla” (VLCC) and “Jag Leher” (Aframax) earlier this year. The Company’s current fleet of 48 ships, aggregating 3.51 mn dwt has an average age of 11.8 years and comprises of 15 crude tankers, 19 product carriers, 2 LPG carriers and 12 dry bulk carriers.
Source: BSE    Date: 2007-09-27