NSE Notices 31-5-2007

May 31st, 2007 | by admin |

Varun Shipping Company
Varun Shipping Co. Ltd. has informed the Exchange that: “Consequent to the exercise of option for conversion of 68,00,000 Optionally Fully Convertible Warrants (OFCWs), which were allotted on Preferential basis to Tarun Shipping and Industries Limited (TSIL) and Khatau International Limited (KIL), promoter group companies, the Committee of Directors at its meeting held today has issued and allotted 28,50,000 and 39,50,000 to Tarun Shipping and Industries Limited and Khatau International Limited respectively, totaling to 68,00,000 equity shares at a price of Rs. 75 per share (i.e. Rs. 10 on capital account and Rs.65 on premium account)”.
Source: NSE Date: 2007-05-31

Cummins India
Cummins India Ltd. has informed the Exchange that: “The Board of Directors have recommended final dividend of 100% (One Hundred Percent) i.e. Rs.2/- per share on equity shares of Rs.2/- each fully paid up for the year ended March 31, 2007, in addition to the interim dividend of 100% (One Hundred Percent) declared on January 25, 2007, taking total dividend (interim & final) for the financial year 2006-2007 to 200%”.
Source: NSE Date: 2007-05-31

Gujarat Gas Company
Gujarat Gas Co. Ltd has informed the Exchange that the auditor’s have conducted the limited review of the unaudited financial results for the quarter ended March 31, 2007. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

3i Infotech
3i Infotech Limited has informed the Exchange that: “the company’s Anti-Money Laundering (AML) and Fraud Detection software - AMLOCK (TM) - has been adjudged the ‘Best Software Product of 2006-2007′ by the Hyderabad Software Exporters Association (HYSEA). The prestigious HYSEA award recognizes 3i Infotech’s innovation in product development and the growth of the company’s presence in the space of Anti Money Laundering (AML) software. The awards are audited by Ernst & Young. A copy of the press release dated May 31, 2007, titled “3i Infotech wins ‘Best Software Product’ Award from Hyderabad Software Exporters Association (HYSEA)” shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

PAE
Pae Limited has submitted to the Exchange a statement giving particulars as under Clause 20 (b) of the Listing Agreement for the year ended March 31, 2007. The details of the statement shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

BAG Films
B.A.G. Films Limited has informed the Exchange regarding a press release being issued by the Company on May 31, 2007 regarding joining of Ms. Gursheel Walia, as Programming Head for its upcoming Glamour Channel in B.A.G group. Further the Company has submitted to the Exchange copy of the Press Release titled “B.A.G Films & Media Limited appoints Programming Head for its upcoming Glamour Channel”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

Dolphin Offshore Enterprises (I)
Dolphin Offshore Enterprises (India) Limited has informed the Exchange that: “the Company has received Letter of Award for charter hire of M V Brahmaputra Dolphin for a firm charter period of two years for Brunei Shell Petroleum Company Sdn Bhd. by M/s. Mashhor General Contractor SDN BHD, Negara Brunei Darussalam, which may be extended for a further period of 3 years. The approximate value of the charter hire is US$ 5million for the primary period. The charter hire is likely to commence from June 7, 2007″.
Source: NSE Date: 2007-05-31

New Delhi Television Ltd
New Delhi Television Limited has informed the Exchange that: “NDTV Networks Plc. a subsidiary of New Delhi Television Ltd, has completed it’s pre-IPO fund raising programme with the receipt of $100m of convertible bonds due 2012. The implied post money valuation of NDTV Networks, after completion of this round is $500m. Along with $20 m preferred share placement from M/s. Comventures, completed earlier, NDTV Networks Plc has raised a total of $120 m which will substantially cover the financing requirement of the various verticals of Networks Plc. such as NDTV Imagine Ltd, NDTV Lifestyle Ltd, NDTV Convergence Ltd, NGEN Media Services Pvt. Ltd, NDTV Labs Ltd and NDTV Emerging Markets 24×7 BV. The Bonds have been placed with an international group of diverse and sophisticated investors which strongly believes in the growth of the Indian media industry and particularly in the role that NDTV Networks Plc. will play in the industry in the future. The salient terms of the bond agreement provides for a stepped up coupon structure with a tenure of 5 years and the option to convert into underlying common stock of NDTV Networks Plc at the time of the initial public offering (IPO). If not converted, the Bonds would be redeemed at the end of 5 years with pre-payment possibility (put/call provisions) at the end of 3 years. New Delhi Television Limited has given an undertaking to provide a corporate guarantee at the end of three years to the extent of 40% of the value of the bonds outstanding at the time. Jefferies International Limited were sole book runners and lead managers to the above issue. Enam Securities were Strategic Advisers”.
Source: NSE Date: 2007-05-31

Parsvnath Developers
Parsvnath Developers Limited has informed the Exchange that: “We have today (May 31, 2007) performed the Bhoomi Pujan of the ultra modern township “Parsvnath Paliwal City” located near Devilal Choudhary Park, Sector 38-39, Panipat (Haryana) and announced the launch of plots in the township ranging from 250 sq. mtrs to 836 sq. mtrs. The proposed township spreads over 162 acres containing plots of various sizes ranging from 50 sq. mtrs. to 836 sq. mtrs. This township would be equipped with all the modern amenities and will consist of plots, group housing, shopping mall with multiplex, club with swimming pool, dispensary, school, taxi stand etc. The development of township is expected to be completed in two years from the date of commencement of work. A copy of the press release issued in this connection dated May 31, 2007, titled “Parsvnath conducts the bhoomipujan and announces the launch of Parsvnath Paliwal City in Panipat” shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

Shree Ashtavinayak Cine Vision
Shree Ashtavinayak Cine Vision Limited has informed the Exchange that: “We are releasing Film ‘Fool-N-Final’ in Mumbai Territory on 1st June 2007 under our Distribution Business segment. ‘Shree Ashtavinayak Cine Vision Limited is associated with the release of the movie ‘Fool-N-Final’ as the Distributors for Mumbai Territory. This multi-starrer movie starring Shahid Kapoor, Sunny Deol, Vivek Oberoi, Johney Lever, Paresh Rawal, Ayesha Takia would be releasing June 1, 2007 in about 240 screens of the Mumbai Territory’.”
Source: NSE Date: 2007-05-31

Ranbaxy Laboratories
Ranbaxy Laboratories Ltd has informed the Exchange that: “The Members of the Company at the Annual General Meeting held today i.e. May 31, 2007, inter-alia, unanimously approved: 1) Re-appointment of Mr. Vivek Bharat Ram, Dr. P. S. Joshi and Mr. Vivek Mehra as Directors of the Company liable to retire by rotation. 2) Re-appointment of M/s. Walker, Chandiok & Co. as Auditors of the Company and authorized the Board of Directors to fix their remuneration. 3) Appointment of Mr. Atul Sobti as Whole-time Director of the Company for a period of five years effective January 18, 2007, payment of remuneration and terms of his appointment. 4) Revision in remuneration of Mr. Malvinder Mohan Singh, Chief Executive Officer and Managing Director of the Company effective January 1, 2007, for remaining tenure of his appointment”.
Source: NSE Date: 2007-05-31

Ranbaxy Laboratories
Ranbaxy Laboratories Ltd has informed the Exchange that: “Mr. Sunil Godhwani was appointed as a Director of the Company in the casual vacancy caused by resignation of Mr. Tejendra Khanna who would have otherwise held office of Director upto the Annual General Meeting (AGM) i.e. May 31, 2007. Accordingly, Mr. Godhwani’s term as a Director in the aforesaid casual vacancy ended on the conclusion of the AGM held today i.e. May 31, 2007. Subsequent to the AGM, the Board at its meeting held on May 31, 2007 appointed Mr. Sunil Godhwani as an Additional Director of the Company”.
Source: NSE Date: 2007-05-31

TVS Electronics
Tvs Electronics Limited has informed the Exchange that “As approved by the Board of Directors in the meeting held on 26th February 2007 and as approved by the Shareholders u/s 293(1)(a) of the Companies Act, 1956, through Postal Ballot on 9th April, 2007, the Company today viz., 31st May, 2007 executed the Business Transfer Agreement for transfer of the Contract Manufacturing Services Business at Tumkur (CMS Business) for a consideration of Rs.41.12 Crores with Incap Contract Manufacturing Service Pvt. Limited, a Wholly owned Subsidiary of Incap Corporation, Finland”.
Source: NSE Date: 2007-05-31

Vardhman Textiles
Vardhman Textiles Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on March 10, 2007, declared interim dividend of 40% on the paid-up equity share capital of the Company. The Board of Directors has not recommended any further dividend and so the interim dividend be treated as final dividend.
Source: NSE Date: 2007-05-31

Titanor Components
Titanor Components Ltd. has informed the Exchange that the date on and from which the dividend on the Company’s equity shares for the year 2006 would be paid is June 25, 2007 subject to declaration of dividend by the shareholders in the Annual General Meeting on June 13, 2007.
Source: NSE Date: 2007-05-31

RPG Cables
Rpg Cables Ltd has informed the Exchange that the Board of Directors of the Company held on May 31, 2007, amongst other items inter-alia the following business were transacted : (1) As per the terms of one-time settlement with Stressed Assets stabilization Fund (SASF), the Board has approved issue of equity shares for an amount not exceeding Rs.367 Lacs under SEBI Preferential Issue Guidelines, Subject to approval of shareholders at the ensuing Annual General Meeting. The issue of equity shares will be in full and final settlement of SASF dues from the Company. (2) The Annual General Meeting of the Company will be held on July 27, 2007 (3) The Register of Members and Share Transfer Books shall remain closed from July 20, 2007 to July 27, 2007 (both days inclusive).
Source: NSE Date: 2007-05-31

Ganesh Housing Finance Corp
Ganesh Housing Corporation Ltd. has informed the Exchange on May 31, 2007 that “The Board of Directors of the Company at a duly convened meeting held today have approved conversion of 6,60,000 preferential warrants into equivalent number of equity shares @ Rs.113/- (including a premium of Rs.103/-) per share as per the following details: (1) Name of the Allottee :- Securities Capital Investments (India) Ltd; No of Shares Alloted :- 250,000, (2) Name of the Allottee :- Hemant L Patel; No of Shares Alloted :- 50,000, (3) Name of the Allottee :- Nitin K Patel; No of Shares Alloted :- 100,000, (4) Name of the Allottee :- Chetan D Shah; No of Shares Alloted :- 160,000, (5) Name of the Allottee :- Ketan Parikh; No of Shares Alloted :- 100,000. Total :- No of Shares Alloted :- 660,000. The paid up share capital (after the conversion of preferential warrants into equity shares) is Rs.21,38,70,800/- divided into 2,13,87,080 equity shares of Rs.10/- each”.
Source: NSE Date: 2007-05-31

SREI Infrastructure Finance
Srei Infrastructure Finance Limited has informed the Exchange regarding the proposed joint Venture between SREI Infrastructure Finance Ltd. (”SREI”), its Promoters, and BNP Paribas Lease Group (”BPLG”), an affiliate of the BNP Paribas S.A. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

SREI Infrastructure Finance
Srei Infrastructure Finance Limited has informed the Exchange regarding a media release dated May 31, 2007, titled “Srei Infrastructure Finance and BNP Paribas Lease Group Form 50:50 Joint Venture BPLG to invest Rs. 775 Crore”. A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

Motor Industries Company
Citigroup Global Markets India Pvt. Ltd. has submitted to the Exchange a copy of the corrigendum to the public announcement dated April 27, 2007 (the “PA”) issued in connection with the Proposed acquisition of 6,410,292 fully paid-up equity shares of Motor Industries Company Limited (the “Target Company”), each equity share having a par value of Rs.10 (Rupees Ten), by Robert Bosch GmbH (the “Acquirer”) through an open offer to the equity shareholders of the Target Company (the “Offer”) in accordance with the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (the “Takeover Regulations”). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

Bombay Burmah Trading Corporation
Bombay Burmah Trading Corp. Ltd has informed the Exchange that (1) The Annual General Meeting of the Corporation is scheduled to be held on July 31, 2007. (2) The Register of Members and Share Transfer Books of the Corporation will remain closed from July 17, 2007 to July 31, 2007, both days inclusive for the purpose of payment of dividend.
Source: NSE Date: 2007-05-31

Hindustan Motors
Hindustan Motors Ltd. has submitted to the Exchange a statement of Audited Financial Results for the year ended March 31, 2007. The details of the statement shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

Bombay Burmah Trading Corporation
Bombay Burmah Trading Corp. Ltd has informed the Exchange that Mr. Ishaat Hussain has been appointed as a Director on the Board with effect from May 30, 2007.
Source: NSE Date: 2007-05-31

Gujarat Industries Power Co.
Gujarat Industries Power Co. Ltd has informed the Exchange that (1) The Annual General Meeting of the Company will be held on September 29, 2007. 2) The Register of Members of the Company shall remain closed from September 18, 2007 to September 28, 2007 (both days inclusive) for determining the entitlement of Dividend.
Source: NSE Date: 2007-05-31

Biocon
Biocon Limited has informed the Exchange regarding a press release dated May 31, 2007, titled “Biocon Limited and Students Working Against Tobacco (SWAT) conduct unique campaign on World Anti-Tobacco Day”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31

UTI Gold Exchange Traded Fund
UTI Asset Management Co. (P) Ltd. has informed the Exchange that the Net Asset Value (per unit) of UTI Gold ETF as on May 30, 2007 is Rs.876.5144.
Source: NSE Date: 2007-05-31

Franklin Templeton Asset Management (India) Pvt. Ltd.

Franklin Templeton Asset Management (India) Pvt. Ltd. has informed the Exchange that the Net Asset Value (per unit) of Franklin Templeton Capital Safety Fund - 5 Years Plan - Annual Dividend Option as on May 30, 2007 is Rs.10.0698.
Source: NSE Date: 2007-05-31

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