BSE Notices 31-03-2008

       Almondz Global Securities 
Almondz Global Securities Ltd has informed BSE that the Hon’ble High Court of Delhi at New Delhi approved the Scheme of Amalgamation of Almondz Capital Markets Pvt Ltd (Transferor Company) with Almondz Global Securities Ltd (Transferee Company) vide Order dated February 05, 2008. A certified copy of the order was received by the Company on March 05, 2008, which has been filed, electronically as well as physically, with the Registrar of Companies, NCT of Delhi & Haryana on March 31, 2008. With the aforesaid filing, the Scheme of Amalgamation has become effective from March 31, 2008 which is operative w.e.f. April 01, 2006, being the Appointed Date under the Scheme of Amalgamation, and accordingly Almondz Capital Markets Pvt Ltd has been amalgamated with Almondz Global Securities Ltd.
Source: BSE    Date: 2008-03-31

   Talbros Automotive Components    
Talbros Automotive Components Ltd has informed BSE that the Share Issue Committee of the Company at its Meeting held on March 31, 2008 has allotted 556000 Equity Shares of face value of Rs 10 per share pursuant to conversion of 556000 Zero Coupon fully Convertible Warrants issued @ Rs 65 per Warrant (being 1 Warrant Convertible into 1 Equity Share) aggregating to Rs 3.61 crores with lock in period of 3 years i.e. upto March 28, 2010 to the following allottees: 1. Name of the Allottee : Q H Talbros Ltd - 376000 no of Equity Share allotted 2. Name of the Allottee : Talbros International Ltd - 90000 no of Equity Share allotted 3. Name of the Allottee : Talbros Motors (P) Ltd - 90000 no of Equity Share allotted.
Source: BSE    Date: 2008-03-31

Power Grid Corporation of India
Power Grid Corporation of India Ltd (POWERGRID), the Central Transmission Utility, under the aegis of Ministry of Power, Government of India, signed a loan agreement with Asian Development Bank (ADB), Manila for US$ 400 million on March 28, 2008. Loan Agreement has been signed by Dr. R P Singh, Chairman and Managing Director, POWERGRID and Mr. Tadashi Kondo, Country Director, INRM, ADB, in the presence of officials from Ministry of Finance and Ministry of Power. Government of India has extended guarantee for this loan. This Loan is part of ADB’’s newly introduced loan facility called Multi-tranche Financing Facility (MFF), which is based on time-sliced approach under which loan assistance can be availed in number of tranches depending upon funding requirement. This is a unique feature in itself. A Framework Financing Agreement (FFA) for MFF had been signed with ADB for US$ 600 million. The MFF loan will be drawn in two tranches, of which this loan of US$ 400 million constitutes first tranche. Ministry of Power has accorded high priority to the development of power sector. It has set an ambitious task of providing “Power to all by 2012″. Massive resources are required to carry out the expansion plan and meet the targets. Towards this, the Company has not only tapped domestic markets, but has also been arranging funds from multilateral funding agencies. Signing of this loan of US$ 400 Million between the Company and ADB is a major milestone in this direction. The loan will be utilized to finance part of the fund requirement of the Company’’s projects, namely (i) ?800kV High Voltage Direct Current (HVDC) lines under “North Eastern - Northern / Western Region Interconnector-I Project” and (ii) 800kV High Voltage Alternating Current (HVAC) Substations under “Upgradation of Transmission Capacity from Uttarakhand Project”. The identified transmission projects involve the latest technology of ?800kV HVDC bipole lines and Gas Insulated Substation at 800kV level. North Eastern - Northern / Western Region Interconnector-I Project involves 1800 kms long ?800kV HVDC 6000MW bipole lines from Biswanath Chariyali in Assam of Northeastern Region to Agra in western part of Uttar Pradesh of Northern Region to facilitate transmission of power from Northeastern Region and Sikkim / Bhutan to power deficit regions like Northern and Western Regions. Upgradation of Transmission Capacity from Uttarakhand Project involves transformation capacity addition of 5000 MVA, and will facilitate transmission of hydro power generated from Tehri valley to Northern Region constituents. The Company, which is responsible for developing and operating Regional and National Transmission Grid, has a long association with ADB and has already availed three loans amounting to US$ 925 million for its various transmission projects. This is the fourth loan to the Company from ADB having a 25 year term.
Source: BSE    Date: 2008-03-31

   Grasim Industries   
Grasim Industries Ltd has informed BSE that the ESOS Compensation Committee of the Board of Directors of the Company has cancelled 24,920 Stock Options granted earlier to some of the eligible employees of the Company in terms of ESOS 2006.
Source: BSE    Date: 2008-03-31

    Sterling Biotech   
Sterling Biotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2008, inter alia, has recommended 50% (Rs 0.50 per equity shares of FV of Rs 1/-) dividend on the equity shares for the financial year ended December 31, 2007 subject to approval of the members.
Source: BSE    Date: 2008-03-31

    Jindal Photo    
Jindal Photo Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 27, 2008, inter alia, have authorised the Board of Directors of the Company to invest the funds of the Company in the equity shares of Jindal India Powertech Ltd upto Rs 300 Crores in one or more trenches by way of subscription / acquisition of shares, subject to necessary provisions & approvals.
Source: BSE    Date: 2008-03-31

Power Grid Corporation of India   
Power Grid Corporation of India Ltd has informed BSE that the Company has signed a loan agreement with The World Bank for USD 600 Million on March 28, 2008. Loan Agreement has been signed by Dr. R P Singh, Chairman and Managing Director, of the Company and Ms. Isabel M Guerrero, Country Director, India, The World Bank, in the presence of officials from Ministry of Finance and Ministry of Power. Government of India has extended guarantee for this loan. The loan will be utilized to fund a basket of the POWERGRID’’s transmission projects during XI plan, which shall strengthen the transmission system in the power deficits regions of India and also enhance the inter-regional power transmission capacity in the country Under the loan assistance, POWERGRID shall implement HVDC terminal stations at Balia in Uttar Pradesh and Bhiwadi in Rajasthan alongwith inter-regional and grid strengthening schemes for formation of strong and vibrant National Grid. Ministry of Power has accorded high priority to the development of power sector. It has set an ambitious task of providing power to all by 2012. Massive resources are required to carry out the expansion plan and meet the targets. Towards this, POWERGRID has not only tapped domestic markets, but has also been arranging funds from multilateral funding agencies. Signing of this loan of USD 600 Million between POWERGRID and The World Bank is a major milestone in this direction. POWERGRID, which is responsible for developing and operating Regional and National Transmission Grid, spanning across the length and breadth of the country, has a long association with The World Bank. POWERGRID has earlier availed loans from The World Bank for about USD 1.7 billion for various transmission projects.
Source: BSE    Date: 2008-03-31

    Aditya Birla Nuvo    
Aditya Birla Nuvo Ltd has informed BSE that the Investor Relations & Finance Committee of the Board of Directors of the Company on March 31, 2008, by way of Circular Resolution, has approved allotment of 17,00,000 equity shares of Rs 10 each at a premium of Rs 1997.45 each to TGS Investment and Trade Pvt Ltd and IGH Holdings Pvt Ltd, the Promoter and Promoter Group Company on conversion of equivalent number of Warrants issued to them on February 21, 2008.
Source: BSE    Date: 2008-03-31

  Walchandnagar Industries
Walchandnagar Industries Ltd has informed BSE that the Allotment Committee of Board of Directors of the Company at its meeting held on March 31, 2008 has issued and allotted 12,30,690 (Twelve Lakhs Thirty Thousand Six Hundred Ninety) equity shares of Rs 2/- each (including 6,15,345 Bonus equity shares issued and allotted as per the terms of the issue of the Warrants and SEBI (DIP) Guidelines) by way of conversion of Warrants to M/s. Olsson Holding Inc. a promoter group entity. The equity shares issued as above shall rank pari-passu with the existing equity shares of the Company. With the above allotment of shares the total promoters” holding in the Company has gone up from 48.01% to 50.06%.
Source: BSE    Date: 2008-03-31

3i Infotech   
3i Infotech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2008, inter alia, to consider the audited financial results of the Company for the quarter and year ended March 31, 2008, to recommend dividend to the shareholders, if deemed appropriate.
Source: BSE    Date: 2008-03-31

    Kirloskar Brothers   
Kirloskar Brothers Ltd has informed BSE that the Company has received a letter of intent (LoI) from the Government of Andhra Pradesh, Irrigation & CAD Department in respect of Rajiv Sagar Lift Irrigation Project (Dummugudem) for construction of main pumping station at Pamulapally and five other intermediate Pumping stations and three Subsidiary Pumping stations including Electro mechanical, Hydro mechanical works and site development for project. The total value of the contract is Rs 338.92 Crs.
Source: BSE    Date: 2008-03-31

aurionPro Solutions
Aurionpro Solutions Ltd has announced that it is investing a strategic stake in Maryland-based XTS, an innovator of enterprise management analytics software for planning and managing Citrix and other virtualization platforms through Aurionpro Solutions INC, wholly owned subsidiary in US. Aurionpro has been the sole development provider for XTS since 2004, enabling the Company to create an award winning, enterprise-class reporting and analytics solution for a growing customer base throughout the world. As a part of partnership, Aurionpro extended the offshore development contract for a longer term. In addition to the investment, Mr. Samir Shah, Managing Director or Aurionpro Solutions INC, a wholly owned subsidiary in US, has been appointed on the Board of Directors of XTS.
Source: BSE    Date: 2008-03-31

    Dabur India  
Dabur India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2008, inter alia, to consider and approve the audited financial results for the year ending March 31, 2008 and to consider recommendation of dividend, if any for the year ending March 31, 2008.
Source: BSE    Date: 2008-03-31

    Lyka Labs   
Lyka Labs Ltd has informed BSE that the Committee of Directors (CoD) of the Company at its meeting held on March 31, 2008 have allotted 7,95,000 Equity Shares to the Promoters on conversion of 7,95,000 Equity Share Warrants as under: 1. 1,37,500 Equity Shares of Rs 10/- each at a premium of Rs 31.50 to Kunal N Gandhi. These shares are locked in for a period of Three Years from the date of allotment of Equity Share Warrants i.e., upto December 11, 2009. 2. 1,37,500 Equity Shares of Rs 10/- each at a premium of Rs 31.50 to N L Gandhi HUF. These shares are locked in for a period of Three Years from the date of allotment of Equity Share Warrants i.e., upto December 11, 2009. 3. 5,20,000 Equity Shares of Rs 10/- each at a premium of Rs 45/- to N L Gandhi HUF. These shares are locked in for a period of Three Years from the date of allotment of Equity Share Warrants i.e., upto December 21, 2010.
Source: BSE    Date: 2008-03-31

Beryl Drugs    
Beryl Drugs Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 08, 2008, inter alia, to consider and adopt the following resolutions: 1. To consider Issuance of Equity shares and / or Warrants to promoters and other strategic investors on preferential basis. 2. To authorize the Compliance Officer to submit an application to stock exchanges for obtaining in-principal approval for listing of equity shares and / or Warrants to be allotted.
Source: BSE    Date: 2008-03-31

    Punj Lloyd   
Punj Lloyd Ltd has informed BSE that the Company has received an order from Tecnimont S.p.A (Italy) — operating subsidiary of Maire Tecnimont S.p.A, listed on the Italian Stock Exchange since November 26, 2007 - for an approx value of US Dollar 68 million for Borouge 2 Polyolefins Project of Abu Dhabi Polymers Company, UAE. The scope of the work involves mechanical work PE3 and PH areas including steel erection, piping fabrication & erection, equipment erection and painting.
Source: BSE    Date: 2008-03-31

  Shilpa Medicare   
Shilpa Medicare Ltd has informed BSE that the Company has purchased 89540 shares i.e. 99.99% share of LOBA Feinchemie, Vienna an Austrian Company. These shares bought by Shilpa through its subsidiary, i.e. ZATORTIA Holdings Ltd, Limmasol, Cyprus. LOBA is an ISO 9001 certified Company, approved by Austrian Ministry of Health and USFDA for GMP production of APIs. For Shilpa, this acquisition will be helpful to access the highly regulated markets of Europe and US.
Source: BSE    Date: 2008-03-31

  Videocon Appliances  
Videocon Appliances Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2008, inter-alia, has took on record the Postal Ballot Scrutiny Report received from Mr. Sheetal Kumar Dak, Company Secretary in Whole-Time Practice, and declared the following resolutions as passed: 1. Special Resolution for alteration of the “Main Objects” Clause of Memorandum of Association of the Company by inserting additional clause relating to providing, executing, implementing, hiring, working as EPC Contractors, providing turnkey services for industrial, activities and manufacturing, trading of all kinds of machineries, components engineering equipments etc. 2. Special Resolution for change the name of the Company from “VIDEOCON APPLIANCES LTD” to “VALUE INDUSTRIES LTD”, subject to necessary approval(s). 3. Special Resolution for authorizing the Board of Directors of the Company to make investments, extend guarantee, provide security, make inter corporate loans exceeding the limits specified under the Companies Act, 1956 upto an amount of Rs 10,000 Crores and confirm the guarantee(s) already given by the Board in accordance with the Provisions of the Companies Act, 1956. 4. Ordinary Resolution for authorizing the Board of Directors of the Company to borrow funds upto an amount of Rs 10,000 Crores, in terms of the provisions of the Companies Act, 1956. 5. Ordinary Resolution for authorizing the Board of Directors of the Company to sell, lease, mortgage or otherwise dispose off the whole or substantially the whole of undertaking of the Company upto an amount of Rs 10,000 Crores, as specified under the Companies Act, 1956. The result of Postal Ballot was announced at the Twentieth Annual General Meeting of the Shareholders of the Company held on March 31, 2008.
Source: BSE    Date: 2008-03-31

    Alembic  
Alembic Ltd has informed BSE that the Celebration Programme of Centenary Year of Alembic Ltd scheduled to be organized from March 28, 2008 to March 31, 2008 has been successfully completed on March 31, 2008. On this day, the Hon’ble Dr. APJ Abdul Kalam, former President of India and Hon’ble Mr. Narendra Modi, Chief Minister of Gujarat has released the Book(s) on Alembic’s 100 year journey. In this regard the Company has issued the following Press Release: “Alembic is celebrating its centenary year in 2007-08. On the occasion of, the centenary celebration, Dr. APJ Abdul Kalam, former President of India was the chief guest and Mr. Narendra Modi, Chief Minister of Gujarat was the guest of Honour. Speaking on the occasion, Mr. Modi profusely complimented Mr. Chirayu Amin and his family members for 100 successful years of service to humunity by producing and marketing quality drugs at affordable price. He also announced setting up a Bio Technology Park in the city of Vadodara. In his key note address Dr. Kalam expressed his vision of making India hub for scientific research and pharmaceutical manufacturing. He challenged the pharmaceutical industry to set itself a target of producing 40% of world’s generic medicines. He also touched upon various opportunities to Indian Pharmaceutical Industry in fields of collaborative research with national research laboratories for curing diseases like TB, Typhoid, Malaria, etc. Dr. Kalam and Mr.Modi released a set of two books on 100 Year Journey of Alembic Ltd. Earlier Mr. C R Amin, Chairman & Managing Director of Alembic Ltd in his welcome speech assured the dignitaries that Alembic would continue to be socially responsible, knowledge driven and people centric organization He also said “After, reaching 100 years, we confidently and proud enter the next centenary with a rich history, experience and value system. Alembic is looking at the future with confidence and our next target is to touch Rs 2000 crore turnover in the next four years”. To reach the Rs 2000 crore mark, Alembic is looking at organic and inorganic opportunities to increase its business. International business is expected to contribute 45% to total revenue in the next four years from the current 25%. The centenary year has been quite eventful for Alembic with the acquisition of Dabur’s non—oncology business and the NDDS deal with UCB Pharma SA. The Company is also expected to sign a large contract manufacturing agreement with a large pharma multinational. Details of the deal] were not disclosed due to confidentiality clauses. Alembic has an USFDA approved API manufacturing facility at Panelav near Vadodara. The Company recently bought an API manufacturing facility of Nirayu Pvt Ltd in Gujarat, which will further strengthen its API (bulk drug) portfolio. The Company’s formulation facility at Panelav has also been successfully inspected by USFDA And a formal approval is expected shortly. For the nine months ended December 31, 2007 the Company recorded sales of Rs 759 crore. which is more than the annual sales of Rs 721 crore in the previous financial year. In the current year the Company is confident to touch Rs 1000 crore mark.”
Source: BSE    Date: 2008-03-31

    Saven Technologies  
Saven Technologies Ltd has informed BSE that the Allotment Committee of the Board of Directors of the Company at its meeting held on March 29, 2008 had, pursuant and in full conformity with the Special Resolution which had been duly adopted by the Company in Annual General Meeting held on September 20, 2007, allotted 8,00,000 fully paid equity shares of Rs 10/- each to the Promoter and to his family members and 1,00,000 shares to Mr. Murty Gudipati, the key Management Person, both the said allotments being in conversion of the warrants of RS 10/- each which had been allotted to them in accordance with the said Special Resolution adopted by the Company in the said Annual General Meeting.
Source: BSE    Date: 2008-03-31

    Religare Enterprises    
Religare Enterprises Ltd has informed BSE that the Remuneration / Compensation Committee of Directors of the Company at its meeting held on March 31, 2008 has allotted 12,410 Equity Shares on exercise of stock options under the Employees Stock Options Scheme 2008 of the Company. The paid up Equity Share Capital of the Company post allotment is 7,6083,859 Equity Shares of Rs 10 each aggregating Rs 76,08,38,590/-.
Source: BSE    Date: 2008-03-31

    Vishal Retail
Vishal Retail Ltd has informed BSE that the Company has opened four new Showrooms on Saturday and Sunday i.e. March 28 and 29, 2008 at:- - CT Road, Phagwara, District Kapurthala, Punjab comprising of an area of 20,800 Sq. Ft. - UP-Mohal, Tehsil Chowk, Kangra, District Kangra, Himachal Pradesh comprising of an area of 24,000 Sq. Ft. - Gol Bazar, Wright Town, Jabalpur, Madhya Pradesh comprising of an area of 24,357 Sq. Ft. - Associated Service Station, Civil Lines, ISBT, New Delhi comprising of an area of 567 Sq. Ft. The total no. of stores opened by us has reached to the tally of 100 stores spreading across an area of 21,30,000 Sq. Ft. (Approx).
Source: BSE    Date: 2008-03-31

    Sanmitra Commercial Ltd    
Sanmitra Commercial Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2008, has allotted 4,00,000 equity shares on exercising option of the warrant holders.
Source: BSE    Date: 2008-03-31

    Electrotherm (India)    
Electrotherm India Ltd has informed BSE that: 1. Pursuant to the approval of the shareholders of the Company at the Extra Ordinary General Meeting held on March 01, 2007 and the meeting of the Committee of the Board of Directors of the Company held on March 31, 2008, the Company has allotted 4,75,000 equity shares at conversion price of Rs 600 per warrant to Promoter Group Company M/s. Western India Speciality Hospital Ltd. on a preferential allotment basis on the exercise of the option for conversion of 4,75,000 warrants out of 9,75,000 warrants issued by the Company to M/s. Western India Speciality Hospital Ltd. 2. Pursuant to the approval of the Shareholders of the Company at the Extra Ordinary General Meeting held on March 28, 2008 and the meeting of the Committee of the Board of Directors of the Company held on March 31, 2008, the Company has allotted 13,66,666 Equity shares on a preferential basis at a price of Rs 600/- to DEG — Deutsche Investitions - und Entwicklungsgesellschaft mbH (DEG). Consequently, on the allotment of 4,75,000 Equity Shares of Rs 10/- each and 13,66,666 Equity Shares of Rs 10/- each as aforesaid, the paid up share capital of the Company as on March 31, 2008 stands increased to 1,09,76,374 equity shares of Rs 10/- each, amounting to Rs 10,97,63,740/- from 91,34,708 equity shares of Rs 10/- each amounting to Rs 9,13,47,080/-.
Source: BSE    Date: 2008-03-31

    BL Kashyap & Sons   
BL Kashyap & Sons Ltd has announced that the Company has bagged new projects worth over Rs 344 Crores for Construction of approx 3.60 million sq. ft. of space.
Source: BSE    Date: 2008-03-31

    Sayaji Hotels   
Sayaji Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 29, 2008, has approved to invest Rs 20.00 crores in the wholly owned subsidiary Company to promote and develop 175 room mid segment budget hotel at Indore. The 175 room Hotel will be operational from 2010 and will be developed and operated under the wholly owned Subsidiary Company named as “MALWA HOSPITALITY PVT LTD”.
Source: BSE    Date: 2008-03-31

Hazoor Multi Projects    
Hazoor Multi Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2008, inter alia, has considered and made the allotment of 9,20,000 Equity Shares of Rs 4/- at a price of Rs 16/- (Rs 4/- each at a premium of Rs 12/- each) on conversion of equivalent number of share warrants out of 85,00,000 share warrants issued and allotted on Preferential Allotment Basis as shown below: - Eaugu Udyog Ltd (Promoter Company) : 9,20,000 Number of Equity Shares Allotted on Conversion.
Source: BSE    Date: 2008-03-31

    DCM Shriram Industries    
DCM Shriram Industries Ltd has informed BSE that the Committee of Directors, authorised by the Board of Directors, have allotted 4,55,000 equity shares of Rs 10/- each at a premium of Rs 80/- per equity share to the specified entities of the Promoters / Promoter group / Persons Acting in Concert with them against the Warrants, out of the second tranch, as per the Special Resolution dated November 26, 2007. These shares shall rank pari-passu with the existing equity shares in the Company in all respect and shall be locked-in in terms of Chapter XIII of the SEBI (DIP) Guidelines. After the above allotment, the Promoter group holding during the financial year ending on March 31, 2008 has gone-up from 32.46% to 37.30% i.e. by 4.84%.
Source: BSE    Date: 2008-03-31

Sadbhav Engineering    
Sadbhav Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2008, has decided the following: 1. Mr. Dilip A Sarkar, has resigned from his directorship from April 01, 2008 and his resignation has been accepted from the close of normal office hours on March 31, 2008. 2. Mr. Vasistha C Patel, has also resigned from his directorship from April 01, 2008 and his resignation has been accepted from the close of normal office hours on March 31, 2008.
Source: BSE    Date: 2008-03-31

  Era Infra Engineering    
Era Infra Engineering Ltd has informed BSE that the Company has secured an order for supply of Ready Mix Concrete (RMC) for common wealth games village, New Delhi valued at approximately Rs 20 crore.
Source: BSE    Date: 2008-03-31