Hawkins announces change in management structure

Hawkins Cookers Ltd has informed BSE that Mr B M Rai, Managing Director of the Company will retire from the services of the Company with effect from November 11, 2001. Consequent upon the forthcoming retirement of Mr Rai, the Board at its meeting held on June 9, 2001 appointed: a) Mr M A Teckchandani, Executive Vice President-Technical as Wholetime Director designated as "Executive Director-Operations" with effect from November 12, 2001. b) Mr K Sudararaghavan, Executive Vice President-Finance & Administration as Wholetime Director designated as "Executive Director-Finance & Administration" with effect from November 12, 2001. The Statutory Auditors of the Company viz. Messrs. R.D. Ailawadi & Co. have expressed their unwillingness to continue as Auditors of the Company with effect from conclusion of the 41st Annual General Meeting. The Company has received a letter from Messrs A F Ferguson & Co. Chartered Accountants, Mumbai, wherein they have expressed their willingness to be appointed as Statutory Auditors of the Company with effect from conclusion of the 41st Annual General Meeting.

Amtek Auto shareholders approve issue of shares on preferential basis

Amtek Auto Ltd has informed BSE that at the Extra Ordinary General Meeting convened on June 23, 2001 the shareholders have given their consent for issue and allotment of 26,57,100 Equity Shares of Rs 10 each at a premium of Rs 340 per share to the Financial Institutions, Mutual Funds, Banks etc by way of preferential offer on firm allotment basis.

Adani Exports FY-01 net up by 6.59%

Adani Exports Ltd has posted a net profit of Rs 1183 million for the year ended March 31, 2001 as compared to Rs 1109.80 million in the corresponding period last fiscal. Net Sales have increased from Rs 28143 million in the year ended March 31, 2000 to Rs 30140 million in the financial year ended March 31, 2001. Other income for the year ended March 31, 2001 is at Rs 518 million as compared to Rs 388.10 million in FY-00. The Board of Directors of the company has recommended a dividend of 30% for the year ended March 31, 2001.

Thermax FY-01 results on June 29, 2001

A meeting of the Board of Directors of Thermax Ltd has been convened on June 29, 2001 inter alia, to consider and approve the audited financial results for the year ended March 31, 2001.

HDFC Bank announces results as per US GAAP

HDFC Bank Ltd has posted a net income of Rs 2101 million for the year ended March 31, 2001 as per Indian GAAP. The company has posted a net income of Rs 2140.60 million for the year ended March 31, 2001 as per US GAAP. The difference between Indian & US GAAP income is due to the following: Loan Loss provision: Rs 282.50 million Employee Stock Option Exp Rs -142.70 million Employee Welfare Trust Consolidation - Rs 17 million Deferred Tax Rs - 15.70 million Investments Rs - 55.30 million Others Rs - 12.20 million Total Increase/decrease in income on account of US GAAP adjustments 39.60 million

Jaiprakash Industries Director expires

Jaiprakash Industries Ltd has informed BSE that their Director Shri. Ranvir Singh has expired on June, 21 2001.

Vikas WSP to allot equity shares on preferential basis

Vikas WSP Ltd has informed the BSE that a meeting of the Board will be convened on June 29,2001 to conclude the following agenda To allot Eighty Eight Lakh Four Hundred equity shares of Rupee 1 each at a price of Rs 82.50 per share i.e Rupee One paid up at a premium of Rs 81.50 per share to Strategic Clients, Promoters, Directors, Associates of the Company. These shares are being allotted against Preferential issue of 18800400 equity shares of rupee 1 at a price of Rs 82.50 per share i.e Rupee One paid up at a premium of Rs 81.50 per share as approved in the Extra ordinary General Body Meeting dated 4th January 2001. Further the Company has already allotted one crore shares against above preferential allotment to the promoters/directors and associates in the Board of Directors meeting on 27th April 2001.So by allotting the above shares preferential allotment will be completed

Wyeth Lederle FY-01 net up by 19.93%

Wyeth Lederle Ltd has posted a net profit of Rs 317.60 million for the year ended March 31, 2001 as compared to Rs 264.80 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 2736.50 million as compared to Rs 2337.30 million in the corresponding period last fiscal. The Board of Directors has recommended a dividend of 45% on equity shares for the year ended March 31, 2001.

Trading to resume in Highland Industries

BSE has informed the Members of the Exchange not to deal in the securities of Highland Industries Ltd because of non-compliance of listing requirements regarding intimation of dates of closure of Registrar of Members / Record Dates to the Exchange. The dealings in the securities can now be resumed with effect from June 25, 2001. The Trading will be resumed on Trade to Trade Basis.

Siemens buy back offer to commence from June 25, 2001

BSE has informed its members that Siemens Ltd has announced buyback of its fully paid-up equity shares of face value of Rs 10 each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs 250 (Rupees Two Hundred and Fifty Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 805.25 million. Proposed time table for buyback: Date of Opening of the Buyback on BOLT June 25 ,2001 Last date for the Buyback: June 14,2002 or when company has completed buyback to the extent of Rs.805.25 million under the offer, whichever is earlier.

Shareholders of Amtek India approve issue of shares on preferential basis

Amtek India Ltd has informed BSE that at the EGM shareholders of the company has approved issue of 2.60 million equity shares of Rs 10 each at a premium of Rs 65 per share to promoters and their friends, relatives, associates and associated companies by way of preferential offer on firm basis.

GSFC Q1 results on July 20, 2001

A meeting of the Board of Directors of Gujarat State Fertilizers & Chemicals Ltd is scheduled to be held on July 20, 2001 for taking on record unaudited financial results for the quarter ended June 30, 2001.

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