Kopran posts Rs 144.10 million as net profit for FY-01

Kopran Ltd has posted a net profit of Rs 144.10 million for the year ended March 31, 2001 as against Rs 95.80 million for the previous year ended March 31, 2000 which comprised of nine months. Net Sales/Income from Operations is at Rs 2218.50 million in the year ended March 31, 2001 as compared to Rs 1618.70 million for the nine months ended March 31, 2000. Other Income is at Rs 90.20 million in FY-01 as compared to Rs 44 million for FY-00. The Scheme of arrangement between Kopran Pharmaceuticals Limited and Kopran Limited which is effective 01.04.2000 has been approved by the shareholders/Creditors at the court convened Extra Ordinary General Meeting. Necessary petition for the sanction of the Honourable High Court of Bombay has been lodged. In view of the petitions for sanction before the Honourable High Court of Bombay and in terms of clause no 10.1 of the Scheme of Arrangement the Directors are constrained from recommending declaration of dividend for the current financial year.

Kotak Mahindra Finance FY-01 net down by 18.83%

Kotak Mahindra Finance Ltd has posted a net profit of Rs 495.97 million for the year ended March 31, 2001 as compared to Rs 611.04 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2435.80 million as compared to Rs 2814.14 million for the previous year ended March 31, 2000. Pursuant to the scheme of amalgamation (scheme) of Pannier Trading Company Private Ltd (Pannier) with the Company as approved by the members of the Company on February 20, 2001 and as sanctioned by the High Court of judicature at Mumbai vide its order dated April 30, 2001, the entire business and all the assets and liabilities, duties and obligations of the erstwhile Pannier have been transferred to and vested in the Company with effect from January 12, 2001. The Scheme has accordingly been given effect to in these financial statements. In view of the aforesaid amalgamation w.e.f. January 12, 2001, the figures of the current year are not comparable with those of the previous year. Consequent to the above merger, Kotak Securities became a subsidiary of the Company w.e.f. January 12, 2001. During the year, the Company has securitised some of its Receivable under Hire Purchase agreements. The difference between amounts received on securitisation/sale of such receivables over the principal outstanding amounting to Rs 36.687 million has been recognized as income for the year. The Company has sold its entire stake in Matrix Information Services Ltd, a wholly owned subsidiary. The loss on sale of the Company's stake (including loans) totally amounting to Rs 69.055 million has been debited to the Profit and Loss Account for the year. The Board of Directors has recommended a tax free Dividend of 18%.

Manugraph Indus. buy-back price not to exceed Rs 30 per share

The Board of Directors of Manugraph Industries Ltd at its meeting held on June 29, 2001 has recommended Buy-back of Equity Shares as under: Quantum - Not Exceeding 17,77,294 equity shares being 25% of the paid up capital as at March 31, 2001. Offer price - Not exceeding Rs 30 per share or as may be approved by the shareholders in the Annual General Meeting scheduled to be held on July 30, 2001. Methology - Direct offer to the shareholders This is however subject to the approval of the shareholders in the Annual General Meeting, provisions of the Companies Act, 1956 and Rules thereunder read with Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (Buy-Back Regulations), Listing Agreement of the Stock Exchange for time being in force.

Vepa Kamesam relinquishes office as MD of SBI

In a communication issued to BSE, State Bank of India has informed that Shri Vepa Kamesam has relinquished office as Managing Director & Group Executive (NB) as at the close of business on June 30, 2001. Mr. Kamesan therefore, ceases to be a Director on the Bank's Central Board with effect from July 01, 2001.

Vakrangee Software FY-01 net profit at Rs 0.526 million

Vakrangee Softwares Ltd has posted a net profit of Rs 0.526 million for the year ended March 31, 2001 as compared to Rs 92.92 million for the previous year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 211.23 million as compared to Rs 206.77 million for the year ended March 31, 2000.

Aurobindo Pharma FY-01 net at Rs 683.10 million

Aurobindo Pharma Ltd has posted a net profit of Rs 683.10 million for the year ended March 31, 2001 as compared to Rs 746 million for the previous year. Net Sales for FY-01 is higher at Rs 9961 million as compared to Rs 7456.10 million for FY-00. Other Income for FY-01 is at Rs 116.50 million as compared to Rs 34.70 million in FY-00. The Company has reported that the current year results are not comparable with that of previous year: (a) as they include the results of Sri Chakra Remedies Ltd, with an overall loss Rs 72.00 million pursuant to the approval of Scheme of Amalgamation by the Honorable High Court of A.P. (b) The Company has changed its accounting policies in line with prudent and conservative norms, ultimately leading to adoption of US GAAP, consequent to which the profits are lower by Rs 152.10 million. In view of Amalgamation of Sri Chakra Remedies Ltd, the Company is in the process of issuing 1,98,000 equity shares of Rs 10/- each as fully paid to the erstwhile shareholders of Sri Chakra Remedies Ltd. The Board of Directors of the Company has recommended a Dividend of 30% for the year 2000-01.

IPCL Q1 results on July 21, 2001

A meeting of the Board of Directors of Indian Petrochemicals Corporation Ltd is scheduled to be held on July 21, 2001 to consider and take on record/approve the Unaudited Financial Results for the first quarter ended June 30, 2001.

Pentagon Global Solutions posts Rs 80.99 million as net profit for FY-01

Pentagon Global Solutions Ltd has posted a net profit of Rs 80.99 million for the year ended March 31, 2001 as against Rs 16.89 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 359.52 million as compared to Rs 72.13 million for the previous year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 6% which will be paid to the shareholders whose names appear on the Company's Register of Members as on September 29, 2001, if declared at the Annual General Meeting.

Pfizer Q2 net up by 35.80%

Pfizer Ltd has posted a net profit of Rs 126.30 million for the quarter ended May 31, 2001 as against Rs 93 million for the corresponding period last fiscal. Net Sales are higher at Rs 767.20 million in the quarter ended May 31, 2001 as compared to Rs 643.40 million for the quarter ended May 31, 2000. Other Income for the current quarter ended May 31, 2001 is at Rs 154.20 million as compared to Rs 145.50 million for the quarter ended May 31, 2000. The Company has reported that the net sales of the wholly owned subsidiary, Duchem Laboratories Ltd for the quarter ended May 31, 2001 were Rs 311.90 million (previous year Rs 301.80 million). For the quarter ended May 31, 2001 the wholly owned subsidiary Duchem Laboratories Ltd has made Net Profit of Rs 2.40 million (previous year - Loss of Rs 0.30 million). The total sales (i.e. including the turnover of the wholly owned subsidiary Duchem Laboratories Ltd aggregating Rs 1166.10 million (previous year -Rs 1037 million) reflect a growth of 12.5%. Other Income for the quarter ended May 31, 2001 includes Service Income of Rs 112.40 million (previous year-Rs 122.30 million)

e-Serve International to discontinue NBFC activities

e-Serve International Ltd has informed BSE that the Board of Directors of the company has decided to discontinue NBFC activities under the Reserve Bank (Non-Banking Financial Companies) Directions, 1977. The Company has also stated that as the company has focussed on the IT Enabled Service activities, the share of income from NBFC activities has steadily come down to less than 10% of its total income during the 9 month financial year ended March 31, 2001 and is expected to run off on maturity.

Unitech FY-01 net profit down by 17.90%

Unitech Ltd has posted a net profit of Rs 86.20 million for the year ended March 31, 2001 as against Rs 105 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 1851.20 million as compared to Rs 2224 million for the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 20% for the year 2000-01.

BSE to shift 2 scrips from Z to B-2 Group

BSE has informed members of the exchange that the securities of under mentioned companies will be shifted from the 'Z' Group to the 'B-2' Group with effect from July 02, 2001. 1) Jindal Vijaynagar Steels Ltd. (Scrip Code: 500228 & 228) 2) Usha (India) Ltd. (Scrip Code: 500431 & 431) Members are further informed that the aforesaid scrips form part of the scrips shifted to Compulsory Rolling Settlement with effect from July 02, 2001.

Corporation Bank Q1 results on July 09, 2001

A meeting of the Board of Corporation Bank is scheduled to be held on July 09, 2001 to consider the Unaudited Financial Results of the Bank for the quarter ended June 30, 2001.

Centurion Bank Q4 net loss at Rs 261.60 million, FY-01 net profit down by 79.55%

Centurion Bank Ltd has posted a net loss of Rs 261.60 million for the quarter ended March 31, 2001 as against a net profit of Rs 178.30 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 1587.80 million as against Rs 1792.20 million for the quarter ended March 31, 2000. Net Profit for the current year ended March 31, 2001 is at Rs 70.20 million as against Rs 343.30 million posted last fiscal. Total Income for the year ended March 31, 2001 is at Rs 6453.90 million as against Rs 5315.90 million for the previous year ended March 31, 2000. The Bank has reported that Mr. M.J.Subbaih resigned as Managing Director of the Bank with effect from March 31, 2001. The Bank is in the process of identifying a suitable candidate for this position. Due to adverse market conditions, the subscription money relating to the Bank's proposed Rights issue of Rs 1280.80 million has been refunded to all applicants on account of its inability to generate adequate subscription from retail investors to the extent necessary for allotment.

Reliance Q1 results on July 31, 2001

A meeting of the Board of Directors of Reliance Industries Ltd is scheduled to be held on July 31, 2001 to consider the Unaudited Financial Results of the Company for the first quarter ending June 30, 2001.

Lupin Chemicals posts Rs 600.22 million as net profit for FY-01

Lupin Chemicals Ltd has posted a net profit of Rs 600.22 million for the year ended March 31, 2001 as against Rs 20.84 million for the previous accounting period ended March 31, 2000 comprising of 18 months. Net Sales for the year ended March 31, 2001 is at Rs 8312.50 million as against Rs 588.90 million for the 18 months ended March 31, 2000. Other Income is at Rs 85.94 million in FY-01 as against Rs 26.15 million in FY-00. Pursuant to the scheme of Amalgamation sanctioned by the Honourable Bombay High Court by its order dated June 13, 2001, Lupin Laboratories Ltd (LL) has been amalgamated with Lupin Chemicals Ltd with effect from April 01, 2000 (the Appointed Date), Lupin Chemicals has been renamed as Lupin Ltd as per the Scheme. Under and pursuant to provisions of the Scheme of Amalgamation, the issued and subscribed equity capital of the Company has been restructured by effecting a reduction of Rs 9 per share in the then paid up value of Rs 10 per share and simultaneously and immediately thereafter consolidating such 10 reduced shares of Rs 1 each into 1 equity share of Rs 10 each. Consequently the share capital of the Company of Rs 335.509 million has been restructured to Rs 33.551 million. After cancellation of the shares held by LLL in the Company, the paid up equity share capital of the Company stands at Rs 28.292 million. 3,73,11,048 equity shares of Rs 10 each fully paid up are to be allotted to the equity share holders of LLL in the ratio of 12 equity shares, for every 10 equity shares of the face value of Rs 10 each. Figures of the current year for Lupin Ltd are for twelve months and include operations of LLL upon amalgamation and hence they are not comparable with those of the previous period, which are eight months of Lupin Chemicals Ltd The Board of Directors has recommended a Dividend of Rs 3.50 per equity share.

BSES fixes book closure for the purpose of Dividend

BSES Ltd has fixed the period from August 18, 2001 to August 30, 2001 as Book Closure for the purpose of AGM and 40% Dividend

Trent fixes book closure for the purpose of Dividend

Trent Ltd has fixed the period from August 2, 2001 to August 27, 2001 as Book Closure for the purpose of 60% Dividend & A.G.M.

BSE imposes AVM on 25 scrips

BSE has informed Members of the Exchange that Additional Volatility Margin(AVM) as per Exchange Notice NO.54006/2000 dated 23rd June, 2000 has been imposed on the following scrips for the settlement No. 015/2001-2002 commencing on July 02, 2001. The AVM would be computed on the net outstanding Purchase or Sales position as may be applicable including carryforward positions at the end of day at the rate given below.The rate of AVM would be remain unchanged for the entire settlement. CODE NAME OF THE COMPANY GROUP AVM(%) 31632 Avinash Information Technologies Ltd. B2 10.00 32385 Aztec Software and Technolgy Services Ltd. B1 10.00 6285 Bayer (India) Ltd B1 10.00 9470 Bombay Oxygen Corporation Ltd., B2 10.00 1469 Boston Education and Software Technologies ltd B2 15.00 32324 Cinevista Communications Ltd. B1 10.00 26785 Crest Communications Ltd. B1 15.00 150 Foseco India Ltd B1 10.00 32312 Geometric Software Solutions Co.Ltd. B1 10.00 32175 Infotech Enterprises Ltd. B1 10.00 5280 John Fowler (India) Ltd., B2 10.00 32268 Kale Consultants Ltd B1 15.00 31892 Khandwala Securities Ltd. B1 15.00 23411 Krone Communications Ltd B1 10.00 31167 Orient Information Technology Ltd. B1 10.00 31739 Prudential Pharmaceuticals Ltd. B2 25.00 7300 Ravalgaon Sugar Farm Ltd., B1 10.00 12115 Rose Merc.Limited B2 10.00 31121 Sierra Optima Ltd B1 10.00 32293 Software Technology Group Intl. Ltd. B1 10.00 8976 Spanco Telesystems & Solutions Ltd. B2 10.00 12640 Stocknet International Ltd. B1 15.00 31707 Sun Infoways Ltd. B2 25.00 32301 Tata Coffee Ltd B1 10.00 32375 Tips Industries Ltd. B1 10.00

Balaji Telefilms FY-01 net up by 1.63%, Net Sales up by 143.23%

Balaji Telefilms Ltd has posted a net profit of Rs 43.55 million for the year ended March 31, 2001 as compared to Rs 42.85 million for the previous year. Net Sales for the year ended March 31, 2001 is at Rs 488.83 million as compared to Rs 200.97 million for the year ended March 31, 2000. Other Income for FY-01 is at Rs 7.91 million as compared to Rs 0.54 million for FY-00. The Board has recommended 15% dividend on the paid-up capital equity shares capital of the company subject to the approval of members.

Acrow India announces 15% Dividend

The Board of Directors of Acrow India Ltd at its meeting held today (June 29, 2001) has proposed the payment of Dividend @ 15% on the equity shares of the Company for the year ended March 31, 2001. This Dividend, once approved at the ensuing Annual General Meeting, will be paid to those shareholders whose names appear on the Register of Company on September 29, 2001. The Register of Company and Transfer Book will remain closed from September 15, 2001 and September 29, 2001 (both days inclusive)

SQL Star Board to consider allotment of OCDs on preferential basis

A meeting of the Board of Directors of SQL Star International Ltd is scheduled to be held on July 03, 2001 to consider the allotment of 13.50% Optionally Convertible Debentures on preferential basis. This is as per the resolutions passed by the Company in its Annual General Meeting held on June 27, 2001.

Jindal Strips FY-01 net down by 15.49%

Jindal Strips Ltd has posted a net profit of Rs 532.50 million for the year ended March 31, 2001 as against Rs 630.10 million for the previous year. Total Income for the year ended March 31, 2001 is at Rs 12996.70 million as compared to Rs 12087 million for the previous year ended March 31, 2000. Interest Expenditure is lower at Rs 916.10 million in FY-01 as against Rs 1028.40 million for FY-00. The Board has declared an equity dividend of Rs 4.00 per equity share subject to the approval of the shareholders at the Annual General Meeting. The company had declared a dividend of Rs 4.00 per share in the previous year also. The Company has also reported that it has disposed off its entire holding of 50600 equity shares of Cross Border IT (India) Ltd and has also sold 25,20,800 equity shares of Brahmputra Capital and Financial Services Ltd at cost. Subsequent to the sale of above shares, both the above companies have ceased to be subsidiaries of Jindal Strips Ltd.

KSB Pumps FY-01 net down by 44.28%

KSB Pumps Ltd has posted a net profit of Rs 82.80 million for the year ended March 31, 2001 as compared to Rs 148.60 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2120.50 million as against Rs 2069.80 million for the previous year ended March 31, 2000. The company has, during the year executed orders for high value pumps During the year the company has made an investment of Rs 2.996 million in equity share capital of Pofran Engg Pvt Ltd and the latter has become subsidiary of the company. The Board of Directors has recommended final dividend of 20% for the financial year 2000-2001.

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