Pentasoft ties up with Macau University, China

Pentasoft Technologies Ltd has entered into an agreement with the Macau University of Science and Technology, China with a two-pronged objective of providing IT training to mainstream students in and around Taiwan, Hong Kong, Korea and Mainland China and undertaking projects related to Research and Development in Information Technology. According to the agreement entered into by the International Learning Services segment of Pentasoft and MUST on July 2, 2001, Pentasoft will offer technical and administrative inputs to the courses within the campus and the city center. Expressing optimism over the future expansion plans of ILS in China, D Kannan, director & CEO of Pentasoft Technologies Ltd, described the agreement with MUST as a firm step towards carving a niche in the Chinese IT training segment. ILS through its Net-based learning architecture, is positioned high up on the value chain to cater to the global training demand, he added. C Premanand, manager-ILS, Pentasoft said the course, offered through conventional, distance education and web-based methods, was designed to cater to the IT and functional training requirements of students in the areas of engineering, arts & science and communication.

Last date for Modi Rubber open offer extended to July 16, 2001

HSBC Securities & Capital Markets (India) Private Ltd has informed BSE that pursuant to the order dated July 03, 2001 of the Honourable Division Bench of the Bombay High Court passed in a writ petition no 1536 of 2001- Modipon Ltd and Anr versus SEBI & Ors, the offer closing date for the acquisition of shares of Modi Rubber Ltd (MRL) is being extended to July 16, 2001. The cash offer proposes to acquire upto 87,64,186 fully paid up equity shares 10/- each of MRL constituting 35% of the Equity Share Capital (and voting rights) of the Company by Mr V K Modi, Dr B K Modi, Mod Fashions and Securities Private Ltd and Modikem Ltd in concert with Witta International Inc. and Sidh International Ltd in terms of the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997 and subsequent amendments thereto. All other terms and conditions mentioned in the Letter of Offer dated May 30, 2001 remains unchanged.

S.Kumars Nationwide to call EGM to seek members approval on preferential placement

In a communication issued to BSE, S.Kumars Nationwide Ltd has informed that at the Board Meeting held on July 5, 2001 the Board of Directors has taken the following decisions: To call EGM of the members of the Company to consider the following: Preferential /Private Placement of any Security, including Secured Convertible Debentures, Preference Shares, Warrants, etc., subject to overall limit of Rs 10000 million. To issue Warrants on Right Basis to all the Equity Shareholders. To raise calls on the Partly Paid Equity Shares. To issue Equity Shares against payment in lieu of Warrants.

JBM Tools fixes record date as per scheme of arrangement

JBM Tools Ltd has fixed August 03, 2001 as the record date as per the scheme of arrangement for demerger of various divisions of JBM Tools Ltd., into Precious Estates Ltd., (presently unlisted co.). 4 equity shares of Rs.10 each fully paid up of Precious Estates Ltd. will be allotted for every 10 equity shares of Rs.10 each fully paid up held in JBM Tools Ltd. and the Company has also decided to reduce the paid up share capital of JBM Tools Ltd., from Rs.17,00,04,940 divided into 1,70,00,494 equity shares of Rs.10 each, to Rs.10,20,02,960 divided into 1,02,00,296 equity shares of Rs.10 each. Such reduction is to be effected by issuing six new equity shares of Rs.10 each against ten existing equity shares of Rs.10 each. There will be no dealings in aforesaid scrip with effect from July 09, 2001.

BSES Q1 results on July 28, 2001

A meeting of the Board of Directors of BSES Ltd is scheduled to be held on July 28, 2001 to consider and approve the unaudited financial results of the Company for the quarter ended June 30, 2001.

BSE revises composition of BSE-200 index

BSE has informed members of the exchange that the composition of BSE-200 would undergo a change w.e.f. July 9, 2001 and the following scrips from B1 group will be included in BSE-200: No. Code Scrip Name 1. 32309 Alstom Power India Ltd. 2. 32382 Balaji Telefilms Ltd 3. 940 Finolex Industries Ltd. 4. 32357 Mukta Arts Ltd. 5. 407 Swaraj Engines Ltd. In this connection, the members are advised that as per SEBI advice the trading in these scrips would continue to be in weekly settlements even though the same are getting included in BSE-200. The scrips having facility of BLESS/ALBM/MCFS or which are included in BSE-200 (apart from the aforesaid scrips) are currently being traded in Compulsory Rolling Settlements (CRS) w.e.f. July 2, 2001. The scrips getting excluded from BSE 200 would however continue to be traded and settled in Compulsory Rolling Settlements.

Global Tele denies news article

With reference to a news article appeared in a leading financial daily, Global Tele-Systems Ltd in a communication issued to the BSE, has informed that the Company has no plans to raise further equity by way of GDR/ADR, as reported in the section of the press. The Company has reported that this is possibly attributed to Section 81(1A) approval being sought from the shareholders at the Annual General Meeting, which, as stated in the past (as well), is purely a enabling resolution. The Company has further added that it is the Company's practice to seek fresh mandate from the shareholders under Sec. 81(1A) to raise funds through equity, debt or a combination thereof. Finally, the Company believes that it has adequate cash resources to meet capital expansion and does not see any need to approach the capital markets thereby, ruling out the possibility of increase in equity.

Eonour Software to call EGM to seek members' approval for equity stock split

Eonour Software Ltd has informed BSE that the Board of Directors has fixed July 30, 2001 as the date for holding the E.G.M. at Chennai. The following business will be taken up for consideration. a. Sub division and splitting up of fully paid up shares of Rs 10 each. b. Increasing the authorised share capital of the company to Rs. 200 million. c. Changing the name of the company. d. Altering article 238 of the articles of association of the company.

BSE imposes Special Margin of 25% on 4 scrips

BSE has informed the Members of the Exchange that Special Margin of 25% has been imposed in the under mentioned scrips with effect from today (July 6, 2001). Code Name Group 26624 ELBEE SERVICES LTD B1 4008 EMCO LTD B1 500163 GODFREY PHILLIPS INDIA LTD B1 24330 JAYANT AGRO ORGANICS LTD B1

Atlas Copco Q2 results on July 25, 2001

A meeting of the Board of Directors of Atlas Copco (India) Ltd is scheduled to be held on July 25, 2001 to consider and take on record the unaudited financial results of the Company for the quarter ended June 30, 2001.

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