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| Infotech Enterprises bags contract worth Rs 350 million |
Infotech Enterprises Ltd has signed a contract worth Rs 350 million to provide photogrammetry services to Triathlon Ltd, Canada. Triathlon is a leading full-service geomatics company that provides an extensive range of high quality services to clients around the globe, which includes digital imaging and photogrammetry services.
Infotech will provide Triathlon a wide range of photogrammetry services over the 3-year contract period. These services include aerotriangulation, stereo data compilation, ortho photo generation, digital terrain model collection, and aerial map editing and finishing.
Infotech topped the competitive five-stage screening process that Triathlon employed to evaluate the capabilities of 22 suppliers worldwide. Infotech demonstrated outstanding value in terms of its domain expertise, quality standards, highly skilled resource base, and state-of-technology facility.
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| With reference to a news article titled 'Getting Closer', regarding the possibility of VSNL declaring a large cash dividend of Rs 100 per share appearing in a leading financial daily, Videsh Sanchar Nigam Ltd has informed BSE that at present there is no such proposal before the board.
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| Jammu & Kashmir Bank Board to recommend dividend |
| A meeting of the Board of Directors of the Jammu & Kashmir Bank Ltd has been convened on May 18, 2001 to recommend the dividend for the year 2000-2001 and to approve the accounts of the Bank.
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| Agro Tech Q4 net at Rs 4 million, FY-01 net at Rs 19 million |
Agro Tech Foods Ltd. has posted a net profit of Rs 4 million in the quarter ended March 31, 2001 as compared to Rs 1 million in the corresponding period last fiscal. Total income is at Rs 1749 million for the quarter ended March 31, 2001 as compared to Rs 950 million in the quarter ended March 31, 2000.
The company has posted a net profit of Rs 19 million in the year ended March 31, 2001 as compared to a net loss of Rs 98 million in the year ended March 31, 2000. Total income for the financial year ended March 31, 2001 is at Rs 5816 million as compared to Rs 5140 million in the corresponding period last fiscal.
Rath, the vanaspati brand which was purchased from Siel in June, 2000 has successfully been integrated into the company's operations. It was also restaged to enhance competitiveness of the brand.
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| Strike at Sesa Goa called off |
| Sesa Goa Ltd has informed BSE that the illegal strike has been called off and normalcy has been restored in the workings effective from today May 8, 2001.
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| Blue Dart FY-01 net up by 87.08%, declares bonus in the ratio of 1:1 |
Blue Dart Express Ltd has posted a net profit of Rs 230.30 million in the year ended March 31, 2001 as compared to Rs 123.10 million in the year ended March 31, 2000. Total Income for the financial year ended March 31, 2001 is at Rs 2567.10 million as compared to Rs 2051.80 million in the corresponding period last fiscal.
The Board of Directors of the company have recommended a dividend of 35% for the year ended March 31, 2001 as compared to 20% in the corresponding period last fiscal.
The Board of Directors have recommended Issue of Bonus shares in the ratio of 1:1 (one equity share for every one share held).
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| Vans Information to transfer information business to subsidiary |
Vans Information Ltd has informed BSE that the Board of Directors of the company has approved the following proposals, subject to necessary approvals:
1. To increase the authorised share capital of the company from Rs 100 million to Rs 220 million.
2. To allot and issue 25,20,000 equity shares of Rs 10 each at a premium of Rs 2.50 per share and 1,18,60,000 warrants at Rs 12.50 each to Shyam Antenna Electronic Ltd. This will lead to change in control over the company to Shyam Group.
3. To alter the object clause in the MoA, in order to enable the company to carry on the business in power and energy sector.
4. To change the name of the company to Shyam Power Solutions Ltd. or any other name as may be approved by the RoC, Mumbai, Maharashtra.
5. To shift registered office of the company from the state of Maharashtra to the state of Rajasthan.
6. To transfer the information business of the company to its 100% subsidiary, Vans Communications Ltd.
7. EGM of the company will be held on June 01,2001.
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| Shonkh Tech Q4 net at Rs 37.66 million, FY-01 net at Rs 124.42 million |
Shonkh Technologies International Ltd has posted a net profit of Rs 37.66 million in the quarter ended March 31, 2001 as compared to Rs 0.60 million in the quarter ended March 31, 2000. Total income for the quarter ended March 31, 2001 is at Rs 497.74 million as compared to Rs 11.41 million in the corresponding period last fiscal.
The company has posted a net profit of Rs 124.42 million in the year ended March 31, 2001 as compared to Rs 3.13 million in the year ended March 31, 2000. Total income is at Rs 1116.56 million in the financial year ended March 31, 2001 as compared to Rs 91.99 million in the corresponding period last fiscal.
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| HDFC Board approves increase in FII limit to 49% |
| At its meeting held today (May 8, 2001) the Board of Directors of Housing Development Finance Corporation Ltd has approved the increase in the limit for shareholding by foreign institutional investors (FIIs)/ Overseas Corporate Bodies (OCBs) and Non-Resident Indians (NRIs) to 49% from the current limit of 40% of the paid-up equity share capital of the Corporation.
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| HDFC Q4 net up 17.63%, FY-01 net up by 17.87% |
Housing Development Finance Corporation Ltd has posted a net profit of Rs 1576 million for the quarter ended March 31, 2001 as compared to Rs 1339.70 million in MQ 2000. Total Income for the quarter ended March 31, 2001 is at Rs 6599.10 million as compared to Rs 5716.10 million in the corresponding period last fiscal.
Net profit for the year ended March 31, 2001 is at Rs 4736.50 million as compared to Rs 4018.10 million in the financial year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 23823.50 million as compared to Rs 20155.60 million in the year ended March 31, 2000.
The Directors has recommended a dividend of Rs 12.50 per equity share for the year ended March 31, 2001.
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| Indian Oil FY-01 results by June 30, 2001 |
| Indian Oil Corporation Ltd has informed BSE that it company will publish audited financial results within a period of 3 months of the close of the accounting year i.e. by June 30, 2001 and therefore company will not be publishing quarterly results for the last quarter ended March 31, 2001.
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| Global Trust appoints Additional Director |
| Global Trust Bank Ltd has informed BSE that, Justice K.A.Swami (Former Chief Justice of High Court of Chennai) has been appointed as Additional Director on the Board of the Bank w.e.f. April 30, 2001.
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| Global Trust appoints Additional Director |
| Global Trust Bank Ltd has informed BSE that, Justice K.A.Swami (Former Chief Justice of High Court of Chennai) has been appointed as Additional Director on the Board of the Bank w.e.f. April 30, 2001.
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| Delco Remy allots equity shares to foreign promoter |
| Delco Remy Electricals India Ltd has informed BSE that the Board of Directors of the company has allotted 2,42,572 of Rs 10 each at a premium of Rs 34.15 per share to the foreign promoter, Delco Remy Korea, as per SEBI Guidelines.
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| Blossom Ind to seek shareholders approval for issue of shares |
| Blossom Industries Ltd has decided to propose a resolution to the shareholders for consideration in the EGM to be held on June 06, 2001 for the issue of warrant/equity shares to the promoters and their relatives on preferential basis.
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| George Williamson sticking to tea |
The Board of George Williamson Assam Ltd wishes to deny categorically that it is to sell its Assam tea estates to Hindustan Lever, and would like to make clear that it has no plans to sell any Assam tea estates belonging to the company.
" If anything, we are a buyer, not a seller" said Philip Magor, Chairman of Williamson Tea Holdings plc, parent company of George Williamson (Assam) Ltd. We have been operating in India, producing high quality tea, for 150 years and we intend to be here for many more years. If estates capable of producing the high qualities of tea we require become available, we will be looking to buy at the right price."
Mr Magor continued " We have had a very close and a productive relationship with Unilever for many years one which we hope to continue- and rumours of this sort if unchecked, could damage that relationship. We are sticking to tea."
The aforesaid communication was made by the company to BSE.
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| Century Textiles revises book closure for dividend |
| Century Textiles & Industries Ltd has revised the book closure from June 26, 2001 to July 10, 2001 for the purpose of an AGM and for declaring 10% dividend.
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| Mascot Systems FY-01 net profit at Rs 375 million |
Mascot Systems Ltd has posted a net profit of Rs 375 million for the financial year ended March 31,2001 on a total income of Rs 3509 million for the financial year ended March 31, 2001. The Board of Directors has proposed a final dividend of 15% on equity shares on equity shares.
The net profit for the year ended March 31, 2000 was at Rs 47 million on a total income of Rs 722 million for FY-2000.
The Board of Directors accepted the resignation of V Chandrasekaran as Director & Managing Director of the company with immediate effect. The Board of Directors of the company in its meeting held today (May 7, 2001) appointed Mr Shekar Sivasubramanian Chief Operating Officer as Interim Head of the company till a further announcement.
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| Godrej Industries Q4 PBT at Rs 225.30 million, FY-01 PBT at Rs 779.7 million |
Godrej Industries Ltd profit before tax for the quarter ended March 31, 2001 is at Rs 225.30 million as compared to Rs 32.90 million in the quarter ended March 31, 2000. Total income posted by the company is at Rs 2177 million in the quarter ended March 31, 2001 as compared to Rs 1629.20 million in the corresponding period last fiscal.
Profit before tax for the year ended March 31, 2001 is at Rs 779.70 million as compared to Rs 305.20 million in the corresponding period last fiscal. Total income is at Rs 7997.40 million for the year ended March 31, 2001 as compared to Rs 6652.50 million in the year ended March 31, 2000.
The Company has provided for depletion in long-term investment loans & intercorporate deposits written off amounting to Rs 338.10 million for the quarter ended March 31, 2001. The net loss tax for the year ended March 31, 2001 is at Rs 107.20 million as compared to a net profit of Rs 32.90 million in the corresponding period last fiscal.
The provision for depletion in long term investment loans & intercorporate deposits written off for the year ended March 31, 2001 is at Rs 338.10 million as compared to Rs 54.70 million in the corresponding period last fiscal. The net profit for the year ended March 31, 2001 is at Rs 406.50 million as compared to Rs 609.90 million in the year ended March 31, 2000.
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| Goodyear appoints Director |
| Goodyear India Ltd has informed BSE that Mr C Dasgupta, former Ambassador to European Union, the Kingdom of Belgium and China has joined the Board of the company as non-wholetime Director.
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