BSE Notices 29-08-2007

August 29th, 2007 | by sharegyan |

  Samtel Colour     
With reference to the earlier announcement dated July 10, 2007 regarding the publication of the Audited Financial Results for 15 months period ended on June 30, 2007 upto September 15, 2007, Samtel Color Ltd has informed BSE that due to the delay in receipt of Letter Of Acceptance (LOA) of the Corporate Debt Restructuring Scheme (CDR) initiated with bankers and financial institutions, the Company is not able to finalise its audited results for the 15 months period ended on June 30, 2007. The Company will now be able to submit the audited financial results for 15 months period ended on June 30, 2007 within the stipulated period upto September 30, 2007 if the Letter Of Acceptance (LOA) of the Corporate Debt Restructuring Scheme (CDR) is received till September 2007.
Source: BSE    Date: 2007-08-29

   Kohinoor Broadcast Corporation    
Kohinoor Broadcasting Corporation Ltd has informed BSE that the 13th Annual General Meeting (AGM) of the members of the Company will be held on September 29, 2007, inter alia, to transact the following business: 1. To receive, Consider and adopt the Audited Profit and Loss account for the year ended March 31, 2007 and the Balance Sheet as at that date together with Report of Directors and the Auditors thereon. 2. To appoint a Director in place of Sh. Mangal Singh, who retires by rotation and being eligible offers himself for reappointment. 3. To appoint auditors & to fix their remuneration.
Source: BSE    Date: 2007-08-29

   Chemfab Alkalies    
Chemfab Alkalis Ltd has informed BSE that the Company has suspended its production in the Caustic soda plant on August 22, 2007 on account of labour unrest.
Source: BSE    Date: 2007-08-29

GTL    
GTL Ltd has informed BSE that the Committee of the Board at its meeting held August 29, 2007, has considered and approved allotment of 3,620 Equity Shares of Rs 10/- each for cash at a premium in terms of the Offer document to FCCB holders, consequent upon the exercise of right to convert FCCBs worth Swiss Francs (SFr.) 9,029.13.
Source: BSE    Date: 2007-08-29

Great Offshore    
Great Offshore Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2007, has declared an interim dividend of 80% i.e. Rs 8/- per equity share of face value Rs 10/- each for the financial year 2007-2008.
Source: BSE    Date: 2007-08-29

  Balkrishna Industries    
Balkrishna Industries Ltd has informed BSE that the equity shareholders of the Company at its court convened meeting held on August 25, 2007, have unanimously approved the Scheme of Arrangement between the Company and Balkrishna Papers Ltd & Balkrishna Synthetics Ltd and their respective shareholders. The said Scheme shall now be presented for approval and consideration of the Hon’ble High Court of Judicature at Bombay.
Source: BSE    Date: 2007-08-29

  Vama Industries    
Vama Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2007, inter alia, has transacted the following: 1. Recommended a dividend @ 2% on the Equity Share Capital of the Company, subject to the approval of members in the AGM. 2. Notice and Directors Report of the AGM was approved.
Source: BSE    Date: 2007-08-29

    Sayaji Hotels    
Sayaji Hotels Ltd has informed BSE that the meeting of the Board of Directors of the Company which is scheduled to be held on September 01, 2007, has been postponed and now will be held on September 03, 2007, to transact the following business: 1. Conversion of 4,25,000 Share Warrants into Equity Shares. 2. Issue of 50,00,000 Fresh Convertible Share Warrants to Promoters. 3. To Fix the Date, time and place of the next Annual General Meeting and approval of the Notice thereof.
Source: BSE    Date: 2007-08-29

   Mahanagar Telephone Nigam    
Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that the 21st Annual General Meeting (AGM) of the members of the Company will be held on September 28, 2007.
Source: BSE    Date: 2007-08-29

  Hazoor Multi Projects    
Hazoor Multi Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 28, 2007, inter alia, has considered & approved the draft notice convening Extra-Ordinary General Meeting to obtain the shareholders consent for the Preferential Issue of the Company.
Source: BSE    Date: 2007-08-29

    Insecticides India    
Insecticides India Ltd has informed BSE that Mr. Navneet Goel has been appointed as an additional director in the Board Meeting w.e.f. July 26, 2007. He shall hold office up to forthcoming Annual General Meeting. Further the Company has informed that, Mr. Navneet Goel has appointed as additional chairman of all committee’s of the Company.
Source: BSE    Date: 2007-08-29

  Housing Development and Infrastructure    
Housing Development & Infrastructure Ltd (HDIL) has informed BSE that the Company has already entered into an MOU for purchase of 15 acres of property belonging to Eveready Industries Ltd situated at New Mumbai for a total consideration of Rs 115 crores. Subject to necessary approvals the transaction will be effected in stages over a period of time.
Source: BSE    Date: 2007-08-29

   Protochem    
Proto Infosys Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 01, 2007, inter alia, to consider the following: 1. The Change of name of the Company. 2. Approval of the agenda for ensuing Annual General Meeting.
Source: BSE    Date: 2007-08-29

   Birla VXL    
Birla VXL Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: 1. In absence of substantial evidence regarding advances towards building aggregating to Rs 881 lac, considered good by the management, the auditors are unable to comment upon the ultimate recoverability of the same. Necessary recognition of interest etc if any, will be made on settlement of ongoing / legal / arbitration proceedings. 2. Balances of certain debtors, creditors, loans and advances, secured and unsecured loans are subject to confirmation and / or reconciliation impact whereof is currently not ascertained. 3. The accounts been drawn on going concern basis, despite negative networth, as the Board expects that under improved market conditions, post implementation of various provisions of Scheme and continued initiatives towards operational improvements, adequate net worth and working capital will be available for sustained operations. 4. Note no. 1 of accompanying statement of unaudited financial results, which states that the effect of revised Accounting Standard 15 “Employees Benefits”, and Provision for Taxation (including Deferred Tax) will be determined and dealt with at the year end.
Source: BSE    Date: 2007-08-29

    Shree Digvijay Cement Company    
Shree Digvijay Cement Company Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: 1. Without qualifying their opinion, the Auditors draw attention to note no 4 to the statement wherein the arrangement between the Company and the holding Company relating to interest on loans has been explained. The Company has agreed with the holding Company that the interest on outstanding dues would accrue only upon the Company complying with the conditions laid down therein which, amongst other things, include the Company earning sufficient profits so as to wipe out its accumulated losses. Since the management is of the opinion that it is a possible and not necessarily a probable obligation, the existence of which will be confirmed only by the occurrence of uncertain future events and not wholly within the control of the Company, interest on such loans has not been provided but has been included as a part of the Company’s contingent liabilities. 2. Particulars relating to the aggregate of public shareholding and investor complaints have been traced from the details furnished by the Company’s Registrar.
Source: BSE    Date: 2007-08-29

    Dynavision    
Dynavision Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: 1. The accounts have been prepared on principles applicable to a “Going Concern” despite significant erosion in Net Worth and further viability depends on future operations which appears to be uncertain at this stage. 2. Due to Non redemption of debentures on the due dates all the directors are disqualified from being appointed as director of any other company in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.
Source: BSE    Date: 2007-08-29

    Zenith Fibres    
Zenith Fibres Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: “Non provision of Leave Encashment (amount not ascertained) as per the AS-15.”
Source: BSE    Date: 2007-08-29

    Binani Industries    
Binani Industries Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: 1. The Company has accounted for dividend of Rs 2637 lakhs declared by one of its subsidiaries’ Board of Directors during the current quarter and approved by shareholders in first week of July 2007. Had this not been so accounted, the company would have had loss of Rs 183 lakhs in the current quarter as against reported profit of Rs 2454 lakhs (refer note no. 2 of the unaudited financial results). 2. As explained in note no 8 of the unaudited financial results, the company has not provided for the Income tax liability of Rs 139 lakhs (including interest of Rs 4 lakhs charged u/s 220(2) of the Income Tax Act, 1961). Since the Company has filed appeals against the order of the Income Tax Appellate Tribunal confirming the chargeability of interest under Sections 234B and 234C of the Income Tax Act, 1961 on Minimum Alternate Tax before the Hon’ble High Court at Calcutta.
Source: BSE    Date: 2007-08-29

  MB Parikh Finstocks    
MB Parikh Finstocks Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: “Particulars relating to the aggregate of non-promoter shareholding and shareholders complaints have been traced from the details furnished by the Management.”
Source: BSE    Date: 2007-08-29

  Tata Chemicals    
Tata Chemicals Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: “Particulars relating to the aggregate of public shareholding and undisputed investor complaints have been traced from the details furnished by the Registrar.”
Source: BSE    Date: 2007-08-29

  Omnitex Industries    
Omnitex Industries India Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: “Attention is invited to Note no 6 of the said statement wherein it is stated that as reported earlier, all the manufacturing activities are closed since end of April 2005 and therefore, the Company has not provided depreciation on Fixed Assets situated at Daman & Silvassa.”
Source: BSE    Date: 2007-08-29

   Mastek    
Mastek Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 05, 2007 inter alia, to consider raising of additional funds in the form of Foreign Currency Convertible Bonds / or other securities under section 81(1A) of the Companies Act, 1956.
Source: BSE    Date: 2007-08-29

   Bartronics India    
Bartronics India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2007, has transacted the following business subject to the approval of the members of the Company at the Annual General Meeting to be held on September 10, 2007: 1. Approved the resolution for Increasing the Authorized Share Capital of the Company from Rs 40 Crores to Rs 60 Crores. 2. Approved the resolution for increasing the borrowing limits from Rs 250 Crores to Rs 500 Crores. 3. Approved the Resolutions for Issue of Foreign Currency Convertible Bonds (FCCB), Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) for an Aggregate sum of US $ 50 million.
Source: BSE    Date: 2007-08-29

  Abhinav Capital Services    
Abhinav Capital Services Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on August 29, 2007, inter alia, have accorded to the following: 1. Adoption of the Directors Report, Audited Balance Sheet as on March 31, 2007 & Profit & Loss Account for the year ended on March 31, 2007 and annexure thereto and the Auditors Report thereon. 2. Re-appointment of Mr. Chetan Karia, as a Director of the Company. 3. Appointment of M/s. BRV & Associates, Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting of the Company, on remuneration, terms & conditions.
Source: BSE    Date: 2007-08-29

  Prudential Pharmaceuticals    
Prudential Pharmaceuticals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 04, 2007, inter alia, to consider the Issue of 50,00,000 Equity Warrants to be converted to Equity shares on preferential basis to select group of persons.
Source: BSE    Date: 2007-08-29

   Mahanagar Telephone Nigam    
Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 21, 2007 to September 28, 2007 (both days inclusive) for the purpose of payment of final dividend & 21st Annual General Meeting (AGM) of the Company for the year ended March 31, 2007.
Source: BSE    Date: 2007-08-29

   KLG Systel    
KLG Systel Ltd on August 29, 2007 has announced that it has been awarded orders worth over Rs 67 crore from the Governments of Rajasthan and Haryana. The projects covered in this order include that of Revenue Management for power utilities and boosting the power infrastructure in the states of Haryana and Rajasthan. The Company shall, in the course of these project deployments, use its innovative SG61™ technology to reconcile and manage the power distribution in utilities. The Company has extensive experience and expertise in the Utilities business and will use state of art Project Management tools for timely execution of these projects. These projects are expected to be completed by March 2008. The Company is an IBM premiere Independent Software Vendor (ISV) in India and is also now certified by IBM for Service Oriented Architecture (SOA). SOA enables organization to build a scalable architecture capable of talking to legacy systems. The Company has been recently announced as an Independent Software Vendor by SAP and KLG’ S Vidushi (Utility Business Automation Software) has obtained Net Weaver Certification from SAP. The Company was also very recently awarded a SAP-IS Utilities order from Jamshedpur Utilities. The Company builds its strength from focus on deep domain knowledge from the grass root level and will be looking at leveraging the same for these projects. The Company has been working in the power sector for over 14 years, providing services for 5 million consumers across 8 utilities in India.
Source: BSE    Date: 2007-08-29

    Yashraj Securities    
Yashraj Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 28, 2007, has transacted the following: 1. Approved the allotment of 10227150 equity shares of Rs 5/- each by way of Bonus. 2. Accepted the Resignation of two Directors namely: a. Mr. Kashyab Mehta b. Mr. Atul Bharani
Source: BSE    Date: 2007-08-29

    Rei Agro    
Rei Agro Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2007, has considered the proposal to transfer the retail undertaking of the Company i.e. the Company’s business, activities and operations pertaining to retail business of the Company as a going concern and by way of a demerger to REI Six Ten Retail Ltd (”RSTRL”) in consideration for which RSTRL will issue shares and global depository receipts (”GDRs”) to the shareholders and GDR holders, respectively, of the Company. The restructuring proposal to be implemented in terms of a scheme of arrangement under the provisions of Sections 391-394 of the Companies Act, 1956, was discussed and approved. The proposed scheme of arrangement provides that upon sanction, the demerger will take effect from the appointed date i.e. August 25, 2007. (”Appointed Date”). The Board of Directors of the Company also approved the share entitlement ratio of 9 equity share in RSTRL of Rs 10 each credited as fully paid-up for every 20 equity share of Rs 10 each credited as fully paid-up held by such member in the Company. The scheme also envisages issue of 70,00,000 shares by RSTRL to the Company. The Board of Directors of the Company also approved that pursuant to the scheme of demerger, the paid up capital of the Company shall be reduced by canceling a sum of Rs 4 from each paid up Equity share of Rs 10 each and thereafter consolidating 5 Equity Shares of Rs 6/- each of the Company into 3 Equity Shares of Rs 10/- each fully paid-up in the Company. The above proposals are subject to obtaining necessary approvals including those of Stock Exchanges under the Listing Agreement, shareholders, creditors, any regulatory authorities and sanction of the proposed scheme by the Hon’ble High Court at Calcutta.
Source: BSE    Date: 2007-08-29

   Prima Agro Products    
Prima Agro Ltd has informed BSE that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations: “Sales / Income from operation has been understated by Rs 113.8 lacs and Other Income has been overstated by Rs 113.8 lacs for the period ended March 31, 2007. This has no impact on the Total Income and Profitability for the said period.”
Source: BSE    Date: 2007-08-29