Voltas FY-01 PAT at Rs 170.46 million

Voltas Ltd has posted a net profit after tax of Rs 170.46 million for the year ended March 31, 2001 as against Rs 64.34 million for the previous year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 7766.61 million as compared to Rs 7300.04 million for the year ended March 31, 2000. There has been a substantial reduction in 'Financial items' from Rs 215.40 million in FY-00 to Rs 76.52 million in the current year FY-01. The Net Profit for the current year includes extraordinary items comprising profit on sale of property/compensation on surrender of tenancy rights Rs 31.16 million (previous year Rs 138.97 million), profit on sale of long term investments Rs 200.50 million (previous year Rs Nil) reversal of warranty provisions no longer required - Rs 26.25 million (previous year Rs Nil) , diminution in the value of investments Rs 145.21 million (previous year Rs 4.31 million), amortisation of VRS Expenditure Rs 227.36 million (previous year Rs 110.81 million), profit on sale of undertaking, sale of plant & machinery of an undertaking - Rs Nil (previous year Rs 67.52 million) and advances written off in past re-instated Rs Nil (previous year Rs 17.28 million) after consideration of which the net profit comes to Rs 55.80 million as against Rs 54.95 million in the previous year ended March 31, 2000. The Company has reported that the results of the current year have been achieved despite adverse market conditions in certain capital goods segments. Many of the Company's core businesses such as air-conditioning and refrigeration, textile machinery, mining and construction equipment and pumps and projects have been able to achieve their planned levels of performance. The increase in cooling appliances (room air-conditioners) business is almost 30%, which is higher than the industry growth of 20%. However due to intense competition and low realisations in the cooling appliance segment, margins have been reported to be slender. The Board of Directors of the Company has recommended a Dividend @ 12% for the year 2000-01.

KPL International FY-01 net up by 100.17%

KPL International Ltd has posted a net profit of Rs 13.04 million for the year ended March 31, 2001 as compared to Rs 6.51 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 105.63 million as compared to Rs 56.83 million for the year ended March 31, 2000. The Board of Directors of KPL International Ltd, at its meeting held today (June 4, 2001) has appointed Mr. R.V.Kanoria as Additional Director of the Company. In accordance with the provisions of the Companies Act, 1956, Mr. R.V.Kanoria will hold office of Director only upto the date of the next Annual General Meeting of the Company.

Tata Yodogawa FY-01 net profit down by 22.43%

Tata Yodogawa Ltd has posted a net profit of Rs 36.30 million for the year ended March 31, 2001 as against Rs 46.80 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 834.10 million as compared to Rs 787.80 million for the year ended March 31, 2000. The Company has reported that the production and despatch of Rolls during the year was 10313 tonnes and 10374 tonnes respectively, which is an all-time record. The Company has also reported that the export of Rolls during the current year was also an all-time record at 3023 tonnes. The Board of Directors of the Company has recommended a Dividend of 32.50% for the financial year 2000-01.

Electrosteel Castings Q4 net down by 33.98%, FY-01 net down by 28.79%

Electrosteel Castings Ltd has posted a net profit of Rs 152.50 million for the quarter ended March 31, 2001 as compared to Rs 231 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 1552.90 million as compared to Rs 1292.60 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 631.70 million as against Rs 887.20 million for the year ended March 31, 2000. Total Income for FY-01 is higher at Rs 5009.90 million as compared to Rs 4686.90 million for FY-00. The Board of Directors has recommended a payment of Dividend of Rs 7.50 per share for the year ended March 31, 2001.

ACC 2 month despatches up by 2.86%

Associated Cement Companies Ltd (ACC) has informed BSE that the Cement despatches from April 2001 to May 2001 are at 20.10 lakh tonnes as compared to 19.54 lakh tonnes in the corresponding period last fiscal. The cement production from April 2001 to May 2001 is at 19.90 lakh tonnes as compared to 19.20 lakh tonnes in the same period last year. The production for the month of May 2001 is at 10.24 lakh tonnes as compared to 9.62 lakh tonnes in May 2000. The cement despatches for the month of May 2001 are at 10.48 lakh tonnes as compared to 9.79 lakh tonnes in May 2000.

Tata Honeywell posts Rs 194 million as net profit for FY-01

Tata Honeywell Ltd is posted a net profit of Rs 194 million for the year ended March 31, 2001 as against Rs 192.80 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2758.90 million as compared to Rs 2791.90 million for the previous year. The Board of Directors of the Company has recommended a Dividend of Rs 6 per share for the approval of the shareholders.

SBI FY-01 results on June 21, 2001

A meeting of the Central Board of State Bank of India is scheduled to be held on June 21, 2001 to take on record the audited working results of the Bank for the year ended March 31, 2001.

Syngenta India FY-01 results on June 12, 2001

A meeting of the Board of Directors of Syngenta India Ltd is scheduled to be held on June 12, 2001 to consider and take on record the Audited Financial Results of the Company for the year ended March 31, 2001 and also to recommend Dividend for the said year.

Aksh Optifibre members approves Final Dividend, amendments to AoA

Aksh Optifibre Ltd has informed BSE that the members of the Company at the fifteenth Annual General Meeting held on June 02, 2001 has declared the final Dividend of Rs 1 per share. The members have also confirmed two Interim Dividends paid the financial year 2000-01. Further, the Shareholders have also approved the proposed amendments in the Articles of Association. (AoA)

Duphar Interfran to await outcome of Special Leave Petition before Supreme Court

Duphar Interfran Ltd has informed BSE that pursuant to the discussions held by the Company with its lawyers for the interpretation of the order dated May 21, 2001 passed by the Hon'ble Supreme Court, the Company has decided to await the outcome of the hearing of Special Leave Petition, scheduled before the Supreme Court on July 16, 2001, before allotment of shares of Duphar Pharma India Ltd.

Indian Hotels Q4 net up by 19.86%, FY-01 net up by 3.14%

Indian Hotels Company Ltd has posted a net profit of Rs 478.60 million for the quarter ended March 31, 2001 as against Rs 399.30 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 2225.90 million as compared to Rs 1950.30 million in the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 1167.90 million as compared to Rs 1132.30 million last fiscal. Total Income for the year ended March 31, 2001 is at Rs 7163.40 million as against Rs 6305.90 million for the year ended March 31, 2000. The Company has stated that it has continued to register improved performance during the year despite major renovations being in progress in several hotels in the Group. The first phase of the renovation was completed by the end of December 2000 and the last quarter of the year witnessed further improvements in operating performance. In view of the centenary year of the Company, the Board of Directors have decided to recommend a dividend of 100% (Previous Year 85%)

Tips acquires Mauritius based subsidiary

Tips Industries Ltd has informed BSE that Dashmesh International, a Mauritius based Company has become a 100% subsidiary of the Company. The Company was incorporated on May 07, 99 and is presently engaged in the business of purchase and licensing of music rights and selling cassettes and CDs. It is also engaged in purchase & licensing of theartretical rights of motion pictures. The Company has two retail music outlets one each in the state of New Jersey and Los Angeles in USA through which it sells its products. It has recently opened a Branch in Durban, South Africa and has plans to open similar branches at Kuala Lumpur in Malaysia. By having a Subsidiary abroad, Tips will be able to capture markets abroad as well as increase its market share worldwide.

Adani Exports FY-01 results on June 23, 2001

A meeting of the Board of Directors of Adani Exports Ltd is scheduled to be held on June 23, 2001 to consider and take on record the Audited Accounts of the Company for the year ended March 31, 2001 and for recommendation of Dividend, if any.

Uniworth International Board approves reduction in paid up capital

Uniworth International Ltd has informed BSE that the Directors at its meeting held on June 2, 2001 approved the following: 1. Reduction of paid up value of equity shares from Rs 10 per share to Rs 5 per share, consolidated of 2 such reduced shares of Rs 5 each to one fully paid equity shares of Rs 10 each. 2. Reduction of paid value of preference share from Rs 30 per share to Rs 20 per share and simultaneously conversion of the reduced preference share of Rs 20 each to two equity shares of Rs 10 each fully paid up in full satisfaction of all their claims to all those shareholders whose names are appearing in the register of members on May 17, 2001 being the record date. Correspondingly the paid up value of Equity Share Capital as at September 30, 2001 stands reduced to Rs 149 million divided into 14.90 million equity shares of Rs 10 each.

Infoquest Software Exports to acquire 14% stake in Kirloskar Computer Services

Infoquest Software Exports Ltd has informed BSE that for better business prospectus of the Company, and to meet the challenges in the I.T industry, the Company is acquiring 14% Equity Stake of Kirloskar Computer Services Ltd.

Raymond Synthetics' Rs 10 million NCD rating revised

Raymond Synthetics Ltd has informed BSE that CRISIL has revised its rating in respect of company's Rs.10 Million NCDs from AA-(S0) to NM

Raashi Fertilizers' Rs 44.10 million NCD issue downgraded

Raashi Fertilizers Ltd has informed BSE that CRISIL has downgraded its rating in respect of company's Rs 44.1 Million NCDs from C to D.

BSE revises Special Margin on 46 scrips

BSE has informed its members that that the following scrips which are at present under Special Margins will attract Special Margins as indicated hereunder with effect from today (June 4, 2001). The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. SCRIP NAME GROUP SP.MRG(%) s 410 ACC A 25 12599 ADANI EXPORTS A 50 32399 ADLABS B1 25 31632 AVINASH INFOTEC B2 25 373 CLARIANT INDIA B1 25 32419 D LINK INDIA B1 25 24170 DSQ BIOTECH B2 50 23864 DSQ SOFTWARE A 25 32417 E.STAR INFOTECH B2 25 32403 FOURTH GENERATI B2 25 31939 GENIUS COMM TRA B2 25 9079 GUFIC BIO SCIEN B2 25 23477 GUJARAT GAS A 50 32181 GUJARAT MINERAL B1 25 183 HIMACHAL FUTUR A 25 23886 HINDUSTAN INKS B1 25 193 HOTEL LEELA B1 25 30005 INDIA CEMENTS A 25 32175 INOTECH ENTERPR B1 25 32072 INTERWORLD FAS B2 25 32033 JAIN STUDIOS B1 25 888 JAIPRAKASH INDS A 25 260 MADRAS CEMENTS A 25 32127 MOBILE TELE B2 25 24084 MONSANTO CHEM B1 25 32407 MOSCHIP SEMI B2 25 6954 MOTORALA SPEC B2 25 31209 NUCLEUS SOFTWAR B1 25 32350 PADMALAYA TE B1 25 32387 PRITISH NANDY B1 25 24632 RELISH PHARMA B2 25 26089 ROOFIT INDUSTRY B1 50 13583 S B & T INTER B1 50 32118 SAI INFO.SERVIC B2 50 378 SAW PIPES A 25 17411 SHYAM TELECOM A 25 32274 SOFFIA SOFTWARE B2 25 32221 SONATA SOFTWARE A 25 32211 SUN EARTH CERA B1 50 31637 SWORD & SHIELD B2 50 31830 TODAY'S WRITING B2 25 31554 TOP CASSETTES B1 25 26707 TOUBRO INFOTECH B2 50 31717 VIDHI DYESTUFFS B2 25 32325 VITAL COMM B2 25 31404 ZICOM ELECT B2 25

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