Kesoram fixes Book Closure for dividend

Kesoram Industries Ltd. has informed BSE that it has fixed the Book Closure from June 01, 2001 to June 22, 2001 for the purpose of declaring 20% Dividend.

India Nippon Electricals members approve buy back

India Nippon Electricals Ltd. has informed BSE that at an EGM of the company, members has approved the proposal for buy-back of 395600 fully paid equity shares representing 7.68% of the company at a price of Rs.230 per equity share. The Board has confirmed the buy back price of Rs.230 per share.

Goldstone Tech telecom division hived off

Goldstone Technologies Ltd. has informed BSE that the Telecom Division of the company has been hived off into a separate company, viz. Goldstone Teleservices Ltd. w.e.f. January 01, 2001.

Excel Glasses Board approves allotment of shares to FIs

Excel Glasses Ltd. has informed BSE that the Board of Directors of the company has approved the allotment of 41,61,500 equity shares of Rs 10 each at par to the FIs namely, ICICI Ltd., IDBI and IFCI Ltd. in response to exercising right of converting loans into equity shares of the company.

Cadbury fixes Book Closure for dividend

Cadbury India Ltd. has informed BSE that it has fixed the Book Closure from May 29, 2001 to June 14, 2001 for the purpose of declaring 50% dividend.

Jindal Steel & Power FY-01 results on May 12, 2001

A meeting of the Board of Directors of Jindal Steel & Power Ltd has been convened on May 12, 2001 to consider among other items of business, approval to the accounts for the financial year ended March 31, 2001 and recommendation of dividend if any.

Grasim Industries fixes Book Closure for dividend

Grasim Industries Ltd. has informed BSE that it has fixed Book Closure from June 16, 2001 to June 30, 2001 for declaring 80% dividend.

Max India Q4 net loss at Rs 138.10 million, FY-01 net profit at Rs 51.30 million

Max India Ltd has posted a net loss of Rs 138.10 million for the quarter ended March 31, 2001 as compared to a net profit of Rs 144.40 million in the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 189 million as compared to Rs 610.10 million in MQ 2000. The company had earned Rs 348.70 million as income from investment activities in the quarter ended March 31, 2000 which is a negative income of Rs 71.20 million in the quarter ended March 31, 2001. The company has posted a net profit of Rs 51.30 million in the financial year ended March 31, 2001 as compared to a net profit of Rs 372 million in the financial year ended March 31, 2000 which comprised of 9 months. Total Income for the year ended March 31, 2001 is at Rs 1265.20 million as against Rs 1325 million in FY-00. The company had earned Rs 605.60 million from investment activities in the year ended March 31, 2000 which has fallen to Rs 216.20 million in the financial year ended March 31, 2001. During the month of April 2001 Max New York Life Insurance Company Limited a subsidiary of the Company launched several new products offering Life Insurance cover in eight major cities of India. The Company has made a further investment of Rs 703.00 million in the equity share capital of max New York Life Insurance Company Limited during April 2001. The Company through its subsidiaries during the year has begun business operation in IT and IT related services. The Board has also approved the following a) Divestment of its entire 50% equity holding in Max Arotech Limited, subject to requisite statutory approvals. b) Recommendation of a dividend @ 35% on its Equity Share Capital. c) Appointment of Mr B Anantharaman as an Additional Director of the Company effective May, 4 2001.

UTI Bank FY-01 net up by 68.66%, Q4 net up by 1.82%

UTI Bank Ltd has a net profit of Rs 279.20 million in the quarter ended March 31, 2001 as compared to Rs 274.20 million in the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 3487.30 million as compared to Rs 1887.40 million in MQ 2000. The bank has posted a net profit of Rs 861.20 million in the financial year ended March 31, 2001 as compared to Rs 510.60 million in the financial year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 10526.20 million as compared to Rs 5744.20 million in FY-00. The Board of Directors has recommended a dividend of 15% (previous year 12%) for the year ended March 31, 2001.

BSL fixes Book Closure for dividend

BSL Ltd has informed BSE that it has fixed Book Closure from September 01, 2001 to September 09, 2001 for the purpose of declaring 18% dividend and for an AGM

UMTL Holding & UBL Ind amalgamated with Usha Beltron

Usha Beltron Ltd has informed BSE that the Hon'ble High Court at Calcutta has approved the scheme of amalgamation of UMTL Holding Company and UBL Industries & Investments Ltd with the company on April 17, 2001. The certified copy of the order has been filed with Registrar of Companies West Bengal on May 03, 2001 thereby making the scheme operative with effect from May 03, 2001.

Mico to introduce 5 day week at Naganathapura plant

Motor Industries Co Ltd. has informed BSE that the company has decided to introduce a 5-day working week in its Naganathapura plant with effect from May 5, 2001. Reduction in call off by its customers has necessitated this step by the company.

Amara Raja FY-01 results on May 22, 2001

A meeting of Board of Directors of Amara Raja Batteries Ltd. is scheduled to be held on May 22. 2001 to consider and approve the financial results for the year ended March 2001 and to recommend dividend for the financial year.

Siemens buyback at a maximum price of Rs 250 per share

Siemens Ltd. has informed BSE that a meeting of Board Directors held on May 04, 2001the Board approved the proposal to Buyback its Equity Shares, upto and aggregate sum not exceeding Rs 805 million at a price not exceeding Rs 250 per share from the open market through the Stock Exchange. The aforesaid buyback is subject to the approval of shareholders and all other necessary approvals.

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