Eicher Motors FY-01 net up by 48.36%

Eicher Motors Ltd has posted a net profit of Rs 235.30 million in the year ended March 31, 2001 as compared to Rs 158.60 million in the year ended March 31, 2000. Net Sales are higher at Rs 3921million in the year ended March 31, 2001 as compared to Rs 3109.50 million in the year ended March 31, 2000. Other Income for the year ended March 31, 2001 is at Rs 20.40 million as compared to Rs 12.30 million last year. The Board has recommended a Dividend of 20% on the equity capital, subject to the approval of the shareholders.

Orchid Chemicals FY-01 net profit down by 7.34%

Orchid Chemicals & Pharmaceuticals Ltd has reported a net profit of Rs. 357.57 million in the year ended March 31, 2001 as against Rs.385.90 million previous fiscal. Sales increased from Rs. 3595.48 million in FY 2000 to Rs. 3712.49 million in FY 2001. Other Income stood at Rs.13.12 million in the year ended March 31, 2001 as compared to Rs. 37.73 million in the year ended March 31, 2000. The Board of Directors has recommended a Dividend of 40% for the year 2000-01 subject to the approval of the shareholders at the Annual General Meeting.

Lakshmi Machine Works net up by 24.99%

Lakshmi Machine Works Ltd has posted a net profit of Rs 273.98 million in the financial year ended March 31, 2001 as compared to Rs 219.19 million last fiscal. Net Sales/Income from Operations are higher at 5300.81 million in FY-01 as compared to Rs 4312.09 million in FY-00. Other Income for the year ended March 31, 2001 is at Rs 219.49 million as compared to Rs 145.16 million in the previous year ended March 31, 2000. Interest Expenditure is up from Rs 170.07 million in FY-01 as against Rs 202.27 million in FY-00. The Board of Directors have recommended a Dividend of Rs 35 per equity share of Rs 100 each.

Tamil Nadu Newsprint Q4 net profit at Rs 299.50 million, FY-01 net at Rs 764.30 million

Tamil Nadu Newsprint and Papers Ltd has posted a net profit of Rs 299.50 million in the quarter ended March 31, 2001 as compared to Rs 53.10 million in the same period last year. Net Sales for MQ-01 is at Rs 1700.30 million as against Rs 1456.60 million in MQ-00. Other Income for the quarter ended March 31, 2001 is at Rs 66.30 million as compared to Rs 29.10 million in the quarter ended March 31, 2000. The Company reported a net profit of Rs 764.30 million in the year ended March 31, 2001 as compared to Rs 162.60 million in the year ended March 31, 2000. Net sales for FY-01 stood at Rs 5963.90 million as compared to Rs 4926.60 million in the same period last fiscal. Other Income for the current year stood at Rs 183.80 million as against Rs 165.90 million reported last year. The Board of Directors of the Company has recommended a Dividend of Rs 25% for the year 2000-01.

Trigyn Technologies FY-01 results on May 22, 2001

A meeting of the Board of Directors of Trigyn Technologies Ltd has been convened on May 22, 2001 to consider and approve the Audited Profit and Loss Account of the Company for the year ended March 31, 2001 and Balance Sheet as on that date. The aforesaid meeting will also consider the recommendation of Dividend for the year ended March 31, 2001.

Himatsingka Seida posts Rs 421.70 million as net profit for FY-2001

Himatsingka Seide Ltd has posted a net profit of Rs 421.70 million in the year ended March 31, 2001 as compared to Rs 406.9 million in the same period last year. Total Income for the year ended March 31, 2001 is at Rs 1300.70 million as compared to Rs 1168.70 million in the year ended March 31, 2000. A Final Dividend of Rs 3 per share has been recommended by the Board of Directors. This is in addition to the Interim Dividend of Rs 3 per share distributed in May 2000. The Company has also reported that during the year 2001-02, the weaving capacity is being enhanced to 2.25 million metres, from the current 1.90 million metres.

Shell Mercantile Corp acquires 5.59% stake in Vakrangee Software

Vakrangee Softwares Ltd has informed BSE that Shell Mercantile Corporation Ltd of Manu Mansio, 16 S. Bhagatsingh Road, Mumbai - 400 023 has informed the Company that they have acquired 5,00,000 equity shares of Vakrangee Softwares Ltd. The acquired shares are equivalent to 5.59% of equity shares of the Company.

Tata SSL FY-01 net profit down by 86.45%

Tata SSL Ltd has posted a net profit of Rs 4.95 million in the year ended March 31, 2001 as compared to a net profit of Rs 36.53 million in the same period last year. Total Income for the year ended March 31, 2001 is higher at Rs 6560.52 million as against Rs 6545.74 million in the year ended March 31, 2000. Income from Operations and Other Income for the year ended March 31, 2001 includes income of non-recurring nature Rs 16.286 million (Rs 18.84 million for the year ended March 31, 2000). In view of the adequacy of profits, the Directors have not recommended any Dividend for the current year.

L&T FY-01 results on May 29, 2001

Larsen & Toubro Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 29, 2001, interalia, to consider and approve the audited accounts for the year ended March 31, 2001 and also to recommend dividend, if any.

Finolex Cables FY-01 net up by 2.63%

Finolex Cables Ltd has posted a net profit of Rs 725.10 million in the year ended March 31, 2001 as compared to Rs 706.50 million last fiscal. Net Sales and Income from Operations are higher at Rs 5245.60 million FY-01 as against Rs 4821.10 million in FY-00. Other Income for the year ended March 31, 2001 is at Rs 232.30 million as compared to Rs 226.80 million in the year ended March 31, 2000. The Company has reported that the export is Rs 184.40 million for the current year as compared to Rs 112.10 million for the previous year. The Company has signed subsequent to year end, a contract for export of Foam Skin Telecom Cables (Improved version of Solid Jelly Filled Telecom Cables) of USD 18.8 million (Rs 900 million) to be completed during the year ending March 31, 2002. The Company has also proposed to obtain shareholders approval in the ensuing Annual General Meeting for buyback of shares at a price not exceeding Rs 250 per share upto a total amount Rs 750 million through market operation route.

Opto Circuits makes open offer to shareholders of Advanced Micronic Devices at Rs 16.62 per share

Opto Circuits (India) Ltd has made a Public Announcement to the shareholders of Advanced Micronic Devices Ltd (AMDL) to acquire upto 10,56,300 equity shares of AMDL representing 20% of the voting share capital of AMDL at a price of Rs 16.62 per equity share, payable in cash per each fully paid up equity share of Rs 10 from the shareholders of AMDL other than the original promoters. The offer is not subject to minimum level of acceptance. Opto Circuits (India) Ltd had entered into acquisition agreement on May 9, 2001 for purchase of 26,93,420 Equity Shares of Rs 10 each for cash at Rs 16.62 per share share from Mr. K.Vijaya Raghavan and Associates representing 51% of the paid-up capital of Advanced Micronic Devices Ltd (AMDL). Consequently, as per the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the open offer for acquisition is being made. The letter of offer will be dispatched to those equity shareholders whose names appear in the register members of AMDL, at the close of its normal business hours, on June 07, 2001(being the "Specified Date") and whose shares have been fully paid up. The acquirer has not acquired and shall not acquire any partly paid up shares of AMDL from any source whatsoever. The offer will open on 25.06.2001 and will close on 25.07.2001. The aforesaid Public Announcement has been communicated to the BSE by Karvy Investors Services who has been appointed as the Manager to the offer, on behalf of Opto Circuits (India) Ltd.

Carrier Aircon FY-01 Results on June 05, 2001

A meeting of the Board of Directors of Carrier Aircon Ltd is scheduled to be held on June 05, 2001 to consider the following : 1. Audited Financial Results of the Company for the financial year ended March 31, 2001. 2. To recommend payment of Dividend for the financial year ended March 31, 2001; and 3. To fix the record date for the payment of Dividend.

Bilt Paper Holdings acquires 100% stake in Sinar Mas Pulp & Paper

Ballarpur Industries Ltd (BILT) has informed BSE that Bilt Paper Holdings Ltd, a Group Company, has acquired 100% equity of Sinar Mas Pulp and Paper (India) Ltd from Sinar Mas Pulp and Paper (Mauritius ) Ltd. This transaction has been approved at the Board Meeting of Sinar Mas Pulp and Paper (India) Ltd at New Delhi today (May 11, 2001).

Elgi Equipments awarded ISO 9001 Certification for 2 Plants

Elgi Equipments Ltd has been awarded ISO 9001 Certification by the TUV CERT Certification Body for its Works situated at Elgi Indl. Complex, Singanallur, Coimbatore - 641005 and Private Ind. Estate, Kurichy, Coimbatore - 641021 in respect of quality system for Design, Manufacture, Supply and Servicing of Screw and Reciprocating Air Compressors, Diesel Engines and Garage Equipment.

Compudyne Winfo opens office in France

Compudyne Winfosystems Ltd has informed BSE that the company has opened its office in Brittany, France. The company will be adding a R & D Centre also in the immediate future. The company will be targeting R & D in Telecom, VR, Multimedia & e-Business and CAD/CAE, the areas in which the company has expertise. MIRCEB, a French Trade Organisation will assist the company in developing its business through its network in foreign offices located through out Europe. The Company has further added that it expects revenue streams from Europe during the current financial year.

Blue Star Infotech FY-01 PAT at Rs 63.28 million

Blue Star Infotech Ltd has reported a profit after tax of Rs 63.28 million in the year ended March 31, 2001 which comprised of nine months as compared to Rs 83.05 million in the previous year ended June 30, 2000 which comprised of fifteen months. Total Income for the nine months ended March 31, 2001 is at Rs 363.85 million as compared to Rs 484.94 million in the 15 months ended June 30, 2000. Taxation adjustments for prior years amounting to Rs 7.52 million have been adjusted in the current year after which net profit of the current year stands at Rs 70.80 million. Similarly, profits of International Software Division of Blue Star Ltd for the period from October 1, 98 to March 31, 99 amounting to Rs 37.55 million have been considered in the figures of the previous year after which net profit for the previous year ended June 30, 2000 stands at Rs 120.60 million.

BSE imposes Special Margin on 3 scrips

BSE has informed members of the Exchange that it has imposed Special Margin of 25% on the following scrips with effect from today (May 11, 2001.) Code Scrip Name Group 32417 E.STAR INFOTECH LTD B2 9079 GUFIC BIO SCIENCES LTD B2 31367 SWORD & SHIELD PHARMA LTD B2

ITW Signode FY-01 net up by 26.11%

ITW Signode India Ltd has posted a net profit of Rs 183.50 million in the year ended March 31, 2001 as compared to Rs 145.50 million in the year ended March 31, 2000. Net Total income posted for the financial year ended March 31, 2001 is at Rs 1757.50 million as compared to Rs 1685.20 million in the corresponding period last fiscal. The Board of Directors have recommended a dividend of 25% (Rs 2.50 per share) on 228,77,416 shares.

Tata Infotech denies news article

With reference to news article titled 'Tata Infotech, TCS may form largest Indian IT firm' in a leading financial daily, Tata Infotech Ltd, in a communication to the BSE has categorically stated that there are no ongoing discussions or plans for a merger of the two entities' activities. Tata Infotech has also clarified that while the two entities work together, as well as with other IT entities in the Tata Group, on projects and may create synergies for each other and their clients, there is no plan to merge any of them in the foreseeable future.

Syndicate Bank appoints new Executive Director

Syndicate Bank Ltd has informed BSE that Sri M S Kapur has been appointed as Executive Director of the Bank till March 31, 2006. Mr. Kapur has assumed charge on May 04, 2001.

TCI Industries to issue Convertible Warrants on preferential basis

TCI Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2001 has decided to issue 406109 Convertible Warrants on Preferential basis to the Promoters at price of Rs 170 per warrant. The warrants are to be converted within 18 months from date of allotment of warrants into one equity share of Rs 10 each as fully paid-up at a premium of Rs 160 each.

Mid-Day Multimedia FY-01 net profit up by 68.23%

Mid-Day Multimedia Ltd has posted a net profit of Rs 86.30 million for the year ended March 31, 2001 as compared to Rs 51.30 million in the same period last year. Net Total Revenue is up by 80.83%, from Rs 532.50 million in the year ended March 31, 2000 to Rs 962.90 million in the current year ended March 31, 2001. Interest and Finance Charges are higher at Rs 9.80 million in the current year ended March 31, 2001 as compared to Rs 4.70 million in the year ended March 31, 2000. The Company has allotted 70,53,022 equity shares on March 22, 2001. The shares were listed on BSE & NSE on April 04, 2001respectively and the share issue proceeds were kept with bankers to the issue in Fixed Deposit accounts till the listing. Other Income for 2000-01 includes Rs 2.60 million interest on the same. The Company has also reported that during the year, newsprint prices increased on average by 29.83% having an adverse impact on profitability. The Newsprint prices have started coming down from April 2001.

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