BSE Notices 4-07-2008

    GRM Overseas  
GRM Overseas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has recommended Dividend subject to the approval of shareholders in the ensuing Annual General Meeting of the Company @ 20% (i.e. Rs 2/- per Equity Share) on 36,89,500 Equity Shares of Rs 10/- each.
Source: BSE    Date: 2008-07-04

    Hindustan Housing Company Ltd   
Hindustan Housing Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has recommended payment of Dividend at the rate of Rs 5/- per Equity share for the year ended March 31, 2008.
Source: BSE    Date: 2008-07-04

    Vadilal Enterprises    
Vadilal Enterprises Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has not recommended any Dividend on Equity Shares for the year ended on March 31, 2008.
Source: BSE    Date: 2008-07-04

    Kallam Spinning Mills    
Kallam Spinning Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2008, inter alia, has recommended 12% Dividend for the current financial year.
Source: BSE    Date: 2008-07-04

    Carnation Nutra Analogue Foods
Carnation Nutra Analogue Foods Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2008, has approved the Composite Scheme of Arrangement for demerger of the Consumer Products Division of Cadila Healthcare Ltd (Cadila), (holding Company) into the Company and merger of Zydus Hospitals and Medical Research Pvt Ltd (”Zydus Hospitals”) into Cadila and the share entitlement ratio. This Scheme will be, subject to requisite consent, approval of the shareholders of all three Companies, the Hon’ble High Court of Gujarat, respective Stock Exchange and other regulatory authorities.
Source: BSE    Date: 2008-07-04

    Nagarjuna Construction Co.
Nagarjuna Construction Company Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 19, 2008 to July 21, 2008 (both days inclusive) for the purpose of payment of dividend & 18th Annual General Meeting (AGM) of the Company to be held on July 31, 2008.
Source: BSE    Date: 2008-07-04

  Shloka Infotech
    Shloka Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 03, 2008, has accepted the resignation of Shri. Shishir Dalal from the Board of Directors of the Company and appointed Mr. Nidigallu Sri Krishna as additional director of the Company.
Source: BSE    Date: 2008-07-04

    Cadila Healthcare    
Cadila Healthcare Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2008 has approved the modalities of the restructuring of its Consumer Products Division (”CPD”) for the benefit of its shareholders. The Board has approved a Composite Scheme of Arrangement for demerger of the CPD of the Company into Carnation, which is a 61.56 % listed subsidiary Company of the Company and merger of Zydus Hospitals and Medical Research Pvt Ltd (”Zydus Hospitals”) into the Company and the share entitlement / exchange ratios. This Scheme will be, subject to requisite consent, approval of the shareholders of all three Companies, the Hon’ble High Court of Gujarat, respective Stock Exchanges and other regulatory authorities.
Source: BSE    Date: 2008-07-04

    D.S. Kulkarni Developers  
DS Kulkarni Developers Ltd (DSKDL) has informed BSE that the Company has executed a Shareholders Agreement with GTC Cyprus, a Kardan Group Company. Kardan Group is based out of Netherlands and have real estate projects in Western Eastern Europe, Central Europe & China. DSKDL & GTC shall jointly develop a 250 acres Multi-Service SEZ Project in Pune through a 50:50 JV. GTC shall invest up to approx. USD 90 million against their stake in the JV Company in a phased manner. Any further equity contribution shall be made by DSKDL and GTC in their respective shareholding proportion. The total build-up area of the Project is estimated to be more than 15 million sq. ft. and the total investment in the Project is estimated to be around USD 1 billion. Incidentally it may be the first Multi-Service SEZ in Maharashtra that may soon start taking shape.
Source: BSE    Date: 2008-07-04

    Jaiprakash Associates   
Jaiprakash Associates Ltd has informed BSE that Credit Analysis & Research Ltd (CARE) has assigned ‘CARE A+’ [CARE Single A (Plus)] rating to the proposed secured long term NCDs of Rs 500 Crores of Jaiprakash Associates Ltd. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations. Such instruments carry low credit risk.
Source: BSE    Date: 2008-07-04

    ACC    
ACC Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 24, 2008, inter alia, to consider and take on record the unaudited financial results (provisional) for the quarter April - June 2008 (Q2) and half year January - June, 2008.
Source: BSE    Date: 2008-07-04

    Elango Industries  
Elango Industries Ltd has informed BSE that the Company, through SPV viz. Kaveri Gas Power Ltd, have successfully commissioned its 7MW Natural Gas based Power Plant at Mayiladuthurai, Tamilnadu. Further the Company has informed that it have taken effective steps to setup an 80MW coal based thermal power plant at Gummudipoondi near Chennai with a capital cost of Rs 415 Crores. The Project is expected to achieve the Financial Closure before December 2008.
Source: BSE    Date: 2008-07-04

Hindustan Unilever
    Hindustan Unilever Ltd has informed BSE that Mr. Sanjiv Kakkar, Executive Director, Sales & Customer Development has been appointed Chairman, Unilever Russia, Ukraine and Belarus (RUB), with effect from September 01, 2008. Further the Company has informed that Mr. Hemant Bakshi currently Regional Category Vice President, Skin South Asia will take over from Mr. Sanjiv Kakkar as Executive Director, Sales & Customer Development in the Management Committee.
Source: BSE    Date: 2008-07-04

    Satyam Computer Services    
Satyam Computer Services Ltd has informed BSE that the Board of Directors of the Company allotted 43,265 equity shares through circular resolution on July 03, 2008, approved on July 04, 2008 under stock option plans of the Company. Consequent to the above allotment, the paid up share capital of the Company has gone up from 672,559,986 equity shares of Rs 2/- each aggregating Rs 1,345,119,972.00 to 672,603,251 equity shares of Rs 2/- each aggregating Rs 1,345,206,502.00.
Source: BSE    Date: 2008-07-04

    IFCI   
IFCI Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 12, 2008, inter alia, to approve the Audited Financial Results of the Company for the quarter ended June 30, 2008.
Source: BSE    Date: 2008-07-04

   Modern India  
Modern India Ltd has informed BSE that the Company has decided to embark on setting up Free Trade Warehousing Zone in Panvel, Dist Raigad. This activity is being undertaken through a special purpose vehicle (SPV) namely, Modern India Free Trade Warehousing Pvt Ltd. The Company has subscribed to 51% of equity share capital of this SPV. The SPV will operate as subsidiary of the Company.
Source: BSE    Date: 2008-07-04

    Man Industries (India)  
Man Industries India Ltd has informed BSE that the Company had issued Foreign Currency Convertible Bonds (FCCB) vide its offering circular dated May 22, 2007 aggregating US $ 50,000,000 zero percent Convertible Bonds due 2012 and it provides for a Conversion Price Reset based on the pre fixed criteria. Accordingly as on the Reset date as per terms of the Offering Circular, Conversion Price has been adjusted in accordance with the pre fixed criteria.
Source: BSE    Date: 2008-07-04

    Alchemist Realty    
Alchemist Realty Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2008, has approved the allotment of 38,00,000 Equity Preferential Convertible Warrants to the Promoter M/s. KDS Corporation Pvt Ltd as were mentioned in the notice of the Extra-Ordinary General Meeting dated May 26, 2008 & consequent upon receipt of 10% upfront amount in advance.
Source: BSE    Date: 2008-07-04

    Kapil Cotex Ltd    
Kapil Cotex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has decided to hold Annual General Meeting (AGM) of the Company to be held on September 24, 2008.
Source: BSE    Date: 2008-07-04

    I-Flex Solutions    
i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 04, 2008 titled “WWB Colombia Selects Oracle’s FLEXCUBE”
Source: BSE    Date: 2008-07-04

    Unity Infraprojects
Unity Infraprojects Ltd has informed BSE that the joint Venture between Unity Infraprojects Ltd (UIL) and Brahmaputra Infrastructure Ltd (BIL) and Brahmaputra Consortium Ltd (BCL) has been awarded an order aggregating to Rs 135.70 crores for Construction of Tezpur Medical College at Bihugori, Tezpur, Assam from the PWD, Government of Assam, UIL’’s stake in the Joint Venture is 51%. The project is required to be executed within 24 months.
Source: BSE    Date: 2008-07-04

  Falcon Tyres   
Falcon Tyres Ltd has informed BSE about the following changes in the composition of the Board of Directors of the Company: A. Appointment of Directors: 1. Name of the Director: V R S Hudda (Additional Director) - Effective Date of Appointment: May 24, 2008 2. Name of the Director: A K Joshi (Additional Director) - Effective Date of Appointment: May 24, 2008 3. Name of the Director: Umesh Bhargava (Additional Director) - Effective Date of Appointment: June 28, 2008 4. Name of the Director: K N Prithviraj (Additional Director) - Effective Date of Appointment: June 28, 2008 B. Resignations of Directors: 1. Name of the Director: S Badrinathan (Director) - Effective Date of Appointment: May 25, 2008 2. Name of the Director: A Sadasivam (Managing Director) - Effective Date of Appointment: June 28, 2008.
Source: BSE    Date: 2008-07-04

    Visesh Infotechnics    
    Visesh Infotecnics Ltd has informed BSE that Mr. Rahul Patwardhan has given his resignation from the Board of Directors of the Company on July 01, 2008.
Source: BSE    Date: 2008-07-04

    Gati Corporation    
Gati Ltd has informed BSE that the Company will submit and publish Audited Financial Results within 3 months from the end of the current financial year i.e., June 30, 2008.
Source: BSE    Date: 2008-07-04

    Vikas WSP    
Vikas WSP Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2008, inter alia, has decided and concluded the following businesses: - The issuance of equity shares on preferential basis is deferred.
Source: BSE    Date: 2008-07-04

    Ambalal Sarabhai Enterprise  
With reference to earlier announcement dated May 01, 2008, Ambalal Sarabhai Enterprises Ltd had informed BSE that the Company will publish Audited Results within a period of 3 months from the end of lad quarter i.e. March 31, 2008 for the financial year 2007-2008. Accordingly, the Company has convened Meeting of the Board of Directors on June 30, 2008 to consider Audited Annual Accounts for the Financial Year 2007-2008. The said meeting of the Board of Directors of the Company was held on June 30, 2008 where all the Businesses other than the consideration of the Annual Accounts for the year ended March 31, 2008 were transacted. The Company has further informed that it is under restructuring process of its business. The unutilized land of the Company is under the sale after complying with the various legal formalities. The only source of power for the Company is its own Power Plant which is under break down for last two month. For running office and computer / servers, the Company is using small diesel generator. For such reasons, manufacturing activities of the Company have come to the halt. The Company has also announced VRS Scheme and the many employee of the accounts department have opted far the said Scheme and therefore, the Company could not complete the audit of the Annual Accounts for the year ended March 31, 2008 in spite of its best efforts.
Source: BSE    Date: 2008-07-04

    GL Hotels   
GL Hotels Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on June 20, 2008.
Source: BSE    Date: 2008-07-04

JB Chemicals and Parmeceuticals
    JB Chemicals & Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2008, inter alia, has reviewed the progress and implementation of buy back of equity shares. Based on the report and consensual views of the Share Buy-back Committee, the Board has decided and approved in the larger interest of both the Company and its shareholders in their entirety the following: 1. That the proposal for buy-back as mooted at the Board Meeting held on April 08, 2008, be abandoned for the time being. 2. That in any event, no further step or action or initiative be taken until well after the results of Q-1 for the current year 2008-09 have been considered by the Board of Directors and published so that, if any action in carrying forward the foregoing proposal is to be undertaken, the Shareholders are aware of the performance of the Company for Q-1 of the current year 2008-09.
Source: BSE    Date: 2008-07-04

    Pantaloon Retail    
Pantaloon Retail India Ltd has informed BSE that the Company is planning to publish the Audited Results for the year & quarter ended on June 30, 2008 within three months. Accordingly, the Company will not publish unaudited results for the quarter ended June 30, 2008.
Source: BSE    Date: 2008-07-04

    Webel SL Energy Systems    
Webel-Sl Energy Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2008, inter alia, has conducted the following business: 1. Recommended dividend @ 10% of the face value of Rs 10/- per equity share for the financial year 2007-08. 2. Postponed the fixation of the date, time and venue for holding the AGM of the shareholders till the next Board Meeting.
Source: BSE    Date: 2008-07-04