Geometric Software enters into Agreement with SolidWorks Corp, USA

Geometric Software Solutions Co.Ltd, in a communication to the BSE has announced that the Company has entered into an agreement with SolidWorks Corporation, USA, a Dassault Systemes, S.A Company. According to the agreement, Geometric will license its Geometric Utilities technology on an exclusive basis to SolidWorks Corporation until the third quarter of 2002. This agreement is expected to contribute significantly to Geometric's licensing revenues.

Roofit Industries Board approves rights issue of shares in the ratio of 2:5

Roofit Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held today (June 25, 2001) has approved the following 1. The Rights issue of shares has been approved in the ration of 2:5 at a premium of Rs.65 per share of Rs. 10 each. 2. The Interim dividend of 15% i.e. Rs.1.50 per share has been declared. The record date for the same will be 20th July, 2001 as informed earlier. 3. The Board has also allotted 2,00,000 equity shares on conversion of Zero Coupon Fully Convertible Bonds to Sun Earth Ceramics Ltd which will be under lock-in and additional 2,00,000 equity shares as Bonus shares entitled thereon. An Extra-Ordinary General Meeting of the Company will be held on August 10, 2001.

Sheetal Securities Finance to diversify into new Business areas

Sheetal Securities Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 07, 2001 has decided to diversify in the new business area of Bio-Science/Bio Technology by development of scientific plantation/farming, cultivating, etc of commercial basis in the state of Gujarat. Maharashtra, Goa and Madhya Pradesh, with foreign Technical financial collaboration of an Israel based Company. For this purpose, the Company will amend its main objects clause under Section 17 of the Companies Act 1956 by suitable resolution and approval of the members in General Meeting. It has also been decided to finance the new diversification business, the Company will propose the options to the shareholders in their General Meeting to raise required financial resources either by any one or more or combination of following manner. a) To issue equity shares of Rs 10 each at such price as per SEBI Guidelines on preferential allotment basis under Section 81(IA) of the Companies Act, 1956 to the extent of Rs 100 million. b) To issue equity shares of Rs 10 each at such price as per SEBI Guidelines as SWAP EQUITY capital under Section 81(1A) of the Companies Act 1956 as per SEBI Guidelines for acquisition of any existing business to the extent of Rs 100 million. The Board has also decided, subject to the approval of members in General Meeting, to split the present equity capital into the face and paid up capital of Rs 2 per share or such denomination as may be approved by members in General Meeting. To Convene an Annual General Meeting in the month of September, Chairman has been authorised to fix up the date/time/place and issue notice as per the draft approved and distpatch the same to the shareholders.

Danlaw Technologies co-opts Additional Director

Danlaw Technologies India Ltd has informed BSE that the Board of Directors at its meeting held today (June 25, 2001) has co-opted Mr. P B Kulkarni as an Additional Director on the Board. His appointment as Director will be placed before the members at the ensuing Annual General Meeting. Mr. P B Kulkarni is former Executive Director of Reserve Bank of India and Chairman & Managing Director of Bank of Maharashtra. He was also on the Boards of Punjab & Sind Bank, Bank of India and Central Bank of India for varying periods between 1982 and 1992. Currenly he is the Chairman, Local Adivisory Board, Bank of Bahrain and Kuwait and Director of three Companies operating in financial services area.

Bull S.A. to sell its stake in PSI Data to Indian Rayon

PSI Data Systems Ltd has informed BSE that Bull S.A. has singed a definitive Share Purchase Agreement today (June 25, 2001) with Indian Rayon & Industries Ltd agreeing to sell the shares held by Bull S.A. in PSI Data Systems Ltd to Indian Rayon and Industries Ltd at a price of Rs 186.80 per share, subject to the compliance with the requirements of applicable law. , The agreement also includes the making of an open offer in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 of 1510,067 equity shares of a face value of Rs 10. Bull S.A. wished to find a buyer who would be willing to purchase the shares held by the Company in PSI Data Systems Ltd Negotiations with possible purchasers were held and this agreement signed today (June 25, 2001) is pursuant to these negotiations.

Exide Industries Q1 results on July 11, 2001

A meeting of the Board of Directors of Exide Industries Ltd will be held on July 11, 2001 at Calcutta, to consider the Unaudited financial results of the Company for the period ended June 30, 2001.

Clinical trials go On-Line at Dr Reddy's Laboratories

Dr Reddy's Laboratories Ltd has announced today (June 25, 2001) that the Company is the first Indian Company to go completely on-line with all its Phase III and Phase IV clinical trials on new products using an application developed by it and deployed on the website htttp:/www.drreddysct.com The application speeds up the clinical trial process by using the Internet for electronic data capturing and analysis from multiple trial centers. Presently, two of its clinical trials are underway on-line for gatifloxacin (antibiotic) and Zafirlukast (anti-asthma) at various centres in Delhi, Bangalore, Chennai, Kolkatta and Hyderabad. The application has special features to ensure speed and better management of multi-centric trials and reduce the cost of interaction. With this multi-product application the company could configure as many trials as possible and deploy them concurrently. The off-line working mode is expected to help doctors to work without being constantly connected on the Internet. Further, the application uses sophisticated tools to provide data output, which can be directly used for statistical analysis. On-line clinical trials permit real-time monitoring of status of trials in addition to improving accuracy of data at the entry point with an in-built validation system. This will ensure the compliance of all trials to Good Clinical Practice (GCP) norms. These features will free valuable resources from the drudgery of collation and, according to an internal estimate, reduce the time for preparing a clinical trial report from 6 weeks to as low as one week. The software and website application for clinical trials have been conceived and designed by Dr Redyy's in collaboration with Quad-one Technologies, a Hyderabad-based Company. Dr. Reddy's also introduced in July 2000 the first Indian online trial for anti-cancer drug Irnocam.

Indian Rayon signs definitive agreements for stake in PSI Data, to make open offer

Indian Rayon & Industries Ltd, a flag ship company of the Aditya Birla Group today (June 25 2001) announced that it has signed a definitive agreement to acquire 50.35% controlling stake from Groupe Bull France (Bull) in PSI Data Systems Ltd (PSI) in cash at a price of Rs 186.80 per share aggregating Rs 710 million. This is one of the largest cash transactions in the Indian Technology sector Says Mr Kumar Mangalam Birla Chairman, Indian Rayon "This strategic foray into the technology sector is part of a well crafted plan to enhance value for Indian Rayon's shareholders through significant rise in growth and earnings. The technology sector, which is a knowledge-based industry, offers enormous growth potential over the long term. The acquisition follows follows Bull's decision to exit from some of its businesses, as part of a global restructuring process. In line with the SEBI take over code, Indian Rayon will make an open offer to acquire a further 20% shareholding from public shareholders at the price of Rs 186.80 per share, which may take the total shareholding of Indian Rayon in PSI to 70.35%, for a final consideration of Rs 992 million. The open offer price will be the negotiated price, as it is higher than the average price during the 26 weeks preceding today. This would translate into an offer for acquisition of 1,510,067 equity shares aggregating Rs 282 million.

Hindustan Lever shareholders approve merger of IBFL and Aviance

Hindustan Lever Ltd has informed BSE that The Hon'ble High Court of Judicature of Bombay had convened a meeting of the shareholders of the Company on June 22, 2001 to consider the amalgamation of International Bestfoods Ltd (IBFL) and Aviance Ltd with HLL. The motion has been approved by the requisite majority at the said meeting. Out of the 729 ballots which were found valid, 713 ballots (97.81%) representing 112,58,96,540 shares (99.99%) were in favour of the resolution placed before the meeting. The shareholders of Aviance are meeting on July 10, 2001 at Mumbai to consider the scheme of Amalgamation of IBFL and Aviance with HLL. Once the approval of Aviance shareholders is also obtained, all the three Companies would approach the High Court of Judicature at Mumbai to seek its approval of the Scheme.

CMC Q1 results on July 27, 2001

A meeting of Board of Directors of CMC Ltd is scheduled to be held on July 27, 2001 to consider Financial Results for the quarter ending June 30, 2001.

Ultramarine & Pigments FY-01 net down by 61.57%

Ultramarine & Pigments Ltd has reported that the net profit of the Company has fallen from Rs 52.30 million in the previous year ended March 31, 2000 to Rs 20.10 million in the current year. Total Income for FY-01 is at Rs 856 million as compared to Rs 920.60 million in FY-00. The Board of Directors of the Company has recommended a Dividend @ Rs 3 per share for the year 2000-01. The Company has incurred higher interest expenditure of Rs 28.90 million in FY-01 as compared to Rs 18.9 million incurred last fiscal.

Tips subsidiary acquires overseas distribution rights of "Yaadein"

Tips Industries Ltd has informed BSE that Dashmesh International, Sharjah, a 100% subsidiary of the Company has acquired the entire overseas rights of Mukta Arts Ltd's "Yaadein". "Yaadein" is written, produced and directed by the ace film maker Subhash Ghai. Tips has released the music of "Yaadein" earlier this month. "Yaadein" topped music charts at all stores on the day of release itself worldover. Music of "Yaadein" has been composed by Anu Malik with lyrics penned by Anand Bakshi. It stars Jackie Shroff, Hrithik Roshan, Kareena Kapoor in the lead role. The Company has further informed that the film is slated to release end of July this year.

Pentasoft Tech allots 5.50 million GDS

Pentasoft Technologies Ltd has informed BSE that the allotment Committee at its meeting held today (June 25, 2001) has allotted 5.50 million Underlying Equity Shares @USD 1.70 per Share as per details given below : Particulars Eq. Shares Consideration-cash (in USD-million) Alpha International Ltd 3,500,000 5.95 Sierra International Ltd 2,000,000 3.40

Indian Rayon Board approves acquisition of 50.35% stake in PSI Data at Rs.186.80 per share

The Board of Directors of Indian Rayon & Industries Ltd at its meeting held today (June 25, 2001), has approved the acquisition of 50.35% controlling stake from Groupe Bull, France ("Bull") in PSI Data Systems Ltd. (PSI), in cash at a price of Rs 186.80 per share aggregating Rs 710 million. In line with the SEBI take over code, Indian Rayon will make an open offer to acquire a further 20% shareholding from public shareholders at the price of Rs 186.80 per share, which may take the total shareholding of Indian Rayon in PSI to 70.35%, for a final consideration of Rs 992 million. The open offer price will be the negotiated price, as it is higher than the average price during the 26 weeks preceding today. This would translate into an offer for acquisition of 1,510,057 equity shares aggregating Rs 282 million.

Essel Subsidiary repeats Indian History in China

Essel Packaging Ltd, the largest laminated tube manufacturer in India has established a major presence in China to emerge as the largest tube manufacturer in China. Essel Propack (Guangzhou) Ltd [EPGL] China, a wholly owned subsidiary of Essel Packaging, India has recently bagged a contract for 30 million tubes from a local Chinese toothpaste manufacturer. With this, the total contracted volume of EPGL in China is 1200 million tubes, representing a market share of 90% of the laminated tube market. Essel's worldwide strategy is to tie up with the major multi-national customers like Colgate & Unilever. However, in China, Essel has taken calculated steps to have tie-ups with local toothpaste manufacturers. After establishing a marketing base with 5 top local toothpaste manufacturers in China, EPGL has stated spreading its wings to multinational customers like Colgate & Unilever. Currently, EPGL is the sole supplier of laminated tubes to Colgate & Unilever in China. The recent acquisition of the Company has accelerated the process. Approximately, 80% of EPGL, China's tube business comes from long term contracts with local Chinese toothpaste manufacturers and these MNC's. EPGL has also set up a dedicated plant at the premises of Unilever in Shanghai for production of 500 million tubes per year. This facility is expected to operate as a branch of EPGL.

Kirloskar Brothers Board to consider buy-back proposal

A meeting of the Board of Directors of Kirloskar Brothers Ltd is scheduled to be held on July 16, 2001 to consider a proposal for Buy-back of the Company's shares.

Tata Power denies news item

With reference to the news article appearing " Tata Power taps Rs 500-cr PFC loan to fund takeovers" Tata Power Co. Ltd, in a communication to the BSE has stated that at this point in time there is no specific proposal submitted by the Company to Power Finance Corporation. The Company therefore does not feel it relevant to comment on the aforesaid news article. The Company has further informed that the Company has not been the source of this communication to the media.

ACC clarifies on news article

With reference to the news article appearing in a leading financial daily titled " ACC to increase capacity by 2.6mt, invest Rs 300 cr " Associated Cement Cos. Ltd has informed BSE that although the report covers projects for investments in Gagal and Tikaria, no specific investments have been approved by the ACC Board so far. The Company has clarified that though, these are some of the possible options, which are under continuous examination by the management, and as and when the proposal are crystallized, it would implemented subject to approval of the Board.

Astra Pharmaceuticals AB raises its equity stake in Astra IDL

Astra IDL Ltd has informed BSE that Astra Pharmaceuticals AB, Sweden (Astra), founder promoter of the Company, has acquired by purchase from the market, 95,650 equity shares of Rs 10 each of the Company, representing 1.913% of the paid up capital of the Company. The aforesaid acquisition has been approved by both, Foreign Investment Promotion Board and Reserve Bank of India.

BSE revises Special Margin on 48 scrips

BSE has informed the Members of the Exchange that the following scrips which are at present under Special Margins will attract Special Margins as indicated hereunder with effect from today (June 25, 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. CODE NAME GROUP SP.MGR(%) 12599 ADANI EXPORTS A 50 32399 ADLABS B1 25 31632 AVINASH INFOTEC B2 25 26785 CREST COMMUNICA 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 50 183 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 6943 J B CHEMICALS B1 25 32033 JAIN STUDIOS B1 25 888 JAIPRAKASH INDS A 25 32268 KALE CONSULTANT B1 25 31892 KHANDWALA SECUR B1 25 23411 KRONE COMMUNICA B1 25 260 MADRAS CEMENTS A 25 32127 MOBILE TELE B2 25 32407 MOSCHIP SEMI B2 25 6954 MOTORALA SPEC B2 25 32350 PADMALAYA TELE B1 25 32387 PRITISH NANDY B1 25 31739 PRUDENTIAL PHAR B2 50 7300 RAVALGAON 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 8976 SPANCO TELESYST B2 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 32411 VISESH INFOSYST B1 25

Kesoram Industries clarifies news item

With reference to the news item appearing in a leading financial daily titled " Bharat General, Birla Century merger with Kesoram okayed" Kesoram Industries Ltd. has informed BSE that at the Extraordinary General Meeting as convened pursuant to the order of Hon'ble High Court at Calcutta held on June 22, 2001 the Scheme of Amalgamation of the following companies has been duly approved. Name of the Company 1. Kesoram Industries Ltd. 2. Bharat General & Textile Industries Ltd. 3. Birla Century Finance Ltd. The Company has further informed that as far as Hindustan Heavy Chemical is concerned, the proposed meeting has been adjourned for one week and is to be held on June 29, 2001. This was done keeping in view the request made by National Insurance Co. as they needed some time to examine amalgamation scheme. The Company has further clarified that this scheme will become effective only after the approval by the Hon'ble High Court at Calcutta.

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