Essel Packaging Q4 net up by 15.63%, FY-01 net up by 18.26%

Essel Packaging Ltd has reported a net profit of Rs 94.70 million in the quarter ended March 31, 2001 as compared to Rs 81.90 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is higher at Rs 634.30 million as compared to Rs 483.20 million in the quarter ended March 31, 2000. Net profit for the year ended March 31, 2001 is at Rs 433.30 million as compared to Rs 366.40 million in the year ended March 31, 2000. Total Income for the current financial year ended March 31, 2001 is at Rs 2365.50 million as against Rs 2085.90 million for the year ended March 31, 2000. Other Income for the year ended March 31, 2001 includes Dividend and Technical Knowhow from overseas subsidiary/joint venture Rs 38.30 million and export incentives amounting to Rs 37.20 million. The Board of Directors has recommended maintaining Dividend at 54% on the past bonus increased share capital. This will translate to a dividend of 86% on pre-bonus share capital.

Parekh Platinum FY-01 PAT at Rs 41.12 million

Parekh Platinum Ltd has reported a net profit after tax of Rs 41.12 million for the current financial year ended March 31, 2001 as against Rs 102.11 million in the year ended March 31, 2000 which comprised of 18 months. Net sales for FY-01 is at Rs 5422.15 million as compared to Rs. 5692.79 million in the eighteen months ended March 31, 2000. Other Income posted by the Company is at Rs 2.32 million for the financial year ended March 31, 2001 as compared to Rs 9.77 million in the year ended March 31, 2000. The Net Profit for the year ended March 31, 2001 includes Rs 0.152 million being extra-ordinary expense after which the net profit comes to Rs 40.96 million.

Ratnabali Capital Markets FY-01 net up by 166.15%

Ratnabali Capital Markets Ltd has reported a net profit of Rs 90.48 million in the year ended March 31, 2001 as compared to Rs 33.99 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 1572.42 million as compared to Rs 892.24 million in the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of Rs 1.50 per equity share for the current financial year.

Supreme Inds Board approves merger of its 2 Group Companies

The Board of Directors of M/s the Supreme Industries Ltd at its meeting held today (May 14, 2001) has approved merger of two of it's Group Companies i.e. M/s Supreme Oriented Films Limited (SOFL) and M/s Supreme Vinyl Films Ltd (SVFL) into Supreme i.e. parent Company w.e.f. April 01, 2001, subject to necessary statutory approvals and compliances. Both the Companies, i.e. SOFL and SVFL are engaged in manufacture of Plastic Packaging Products. SOFL manufactures Bi-axially Oriented Polypropylene Film (BOPP Film) at Pithampur (MP) while SVFL manufactures Rigid PVC Film at Malanpur (MP). The merger will consolidate the Supreme Group's Plastic Packaging business under one Company, which will provide convenience of operations and marketing. The financial strength of the merged Company will also enable it to plan expansion in these two businesses. SOFT is a listed Public Company and SVFL is a closely held subsidiary of Supreme. After the merger, the Company will have 18 manufacturing locations situated across the country. Various businesses of the Company have been regrouped into : (i) Industrial Products (industrial components, material handling products & moulds) (ii) Consumer Products (Furniture, Food Serviceware Products, Embossed Sheets & Plastic Mats) (iii) Packing Products (Protective Packaging Products, Flexible Packaging Films, BOPP Films and Rigid PVC Films) (iv) Plastic Pipe System (PVC Pipes & Fittings) The processing tonnage and turnover of Supreme after merger for the year 2001-02 is projected to be about 92,000 MT and Rs 7300 million respectively.

Supreme Petrochem FY-01 net down by 91.41%

Supreme Petrochem Ltd has reported a fall in net profit from Rs 236.09 million in the year ended March 31, 2000 to Rs 20.27 million in the current year ended March 31, 2001. Net Sales posted for the financial year ended March 31, 2001 is at Rs 5680.22 million as compared to Rs 4618.71 million in the corresponding period last fiscal. Other income for the year ended March 31, 2001 stood at Rs 15.13 million as compared to Rs 7.65 million in the financial year ended March 31, 2000. The Company has reported that the performance during the year has been unsatisfactory due to negative growth of domestic Polystyrene market and margins being under pressure on account of high Styrene Monomer prices. The Annual General Meeting of the Company will be held on June 26, 2001.

Kaashyap Radiant Board to consider preferential allotment

A meeting of the Board of Directors of Kaashyap Radiant Systems Ltd is scheduled to be held on May 21, 2001 to consider the allotment of equity shares to shareholders of Kaashyap Interserve Technologies Ltd.(Preferential allotment) through swap of equity shares of the Company in the ratio of 1 share of Kaashyap Radiant Systems Ltd for every holder of 4 equity shares of Kaashyam Interserve Technologies Ltd.

Gabriel FY-01 net up by 70.78%

Gabriel India Ltd has posted a net profit of Rs 45.60 million in the year ended March 31, 2001 as compared to Rs 26.70 million in the year ended March 31, 2000. Total income reported by the Company is at Rs 2370 million in the financial year ended March 31, 2001 as compared to Rs 2156.10 million in the corresponding period last fiscal. Interest expenditure is down from Rs 207.90 million in FY-00 to Rs 190.70 million in FY-01. The Board of Directors has recommended a dividend of 25% amounting to Rs 2.50 per share, subject to approval of shareholders.

Cadila enters into JV with US based Onconova

Cadila Healthcare Ltd has informed BSE that Zydus Cadila has entered into a joint venture with US based Onconova Therapeutics Inc., a biopharmaceutical company specialising in the field of oncology (cancer research). The broad-based agreement provides for future collaboration on research, manufacturing and marketing of products. Zydus Cadila has invested US$ 3 million in Onconova. Both Companies have agreed to jointly undertake development of oncogenomics (application of genomics to the study of cancer) and genomics projects relevant to the Indian conditions. Additional areas of cooperation have been identified in expansion of library of New Chemical Entities, lead optimisation and new chemical technologies. The two Companies are also exploring joint programs in cancer vaccines, including manufacturing of therapies including process development and production at Zydus Cadila's state of-the-art plant at Moraiya. Zydus Cadila would also have the preferential opportunity to market Onconova's Innovative products in the Indian market.

Coromandel Fertilisers Q4 net up by 110.95%, FY-01 net up by 10.05%

Coromandel Fertilisers Ltd has posted a net profit of Rs 105.90 million in the quarter ended March 31, 2001 as compared to Rs 50.20 million in the quarter ended March 31, 2000. Total Income posted by the Company for the quarter ended March 31, 2001 is at Rs 1454 million as compared to Rs 992.50 million in the corresponding period last fiscal. The Company has posted a net profit of Rs 528.80 million in the year ended March 31, 2001 as compared to Rs 480.50 million in the corresponding period last fiscal. Total income reported has fallen from Rs 6138.60 million in the year ended March 31, 2000 to Rs 6128.20 million in the year ended March 31, 2001. The Board of Directors has recommended a dividend of 65% (previous Interim Dividend - 55%, Final Dividend -Nil) for the year ended March 31, 2001.

Bank of India FY-01 results on May 21, 2001

A meeting of the Board of Directors of Bank of India will be held on May 21, 2001 to consider and approve the annual accounts of the Bank and declare Dividend, if any, for the financial year ended March 31, 2001.

Pentamedia Graphics fixes Book Closure for the purpose of dividend

Pentamedia Graphics Ltd has informed BSE that the Register of Members and Share Transfer Books of the Company will remain closed from July 13, 2001 to July 20, 2001 for the purpose of declaring dividend. Further, the Company has also informed that the Annual General Meeting of the shareholders of the Company is scheduled to be held on July 20, 2001.

Dev Fasteners FY-01 net loss at Rs 66.40 million

Dev Fasteners Ltd has reported a net loss of Rs 66.40 million in the financial year ended March 31, 2001 as compared to a net loss of Rs 20 million in the financial year ended March 31, 2000. Total income posted by the Company for the year ended March 31, 2001 is at Rs 91.70 million as compared to Rs 197.80 million in the corresponding period last fiscal. An illegal strike by the workers at the factory during the second half of the year and the sluggish market condition had an adverse impact on the performance of the Company.

Balrampur Chini Mills FY-01 PAT up by 107.31%

Balrampur Chini Mills Ltd has reported a net profit after tax of Rs 478.22 million in the financial year ended March 31, 2001 as compared to Rs 230.68 million last fiscal. Total Income for the year ended March 31, 2001 is at Rs 6166.71 million as compared to Rs 3957.11 million in the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 70% i.e. Rs 7 per share for the year ended March 31, 2001.

Pentasoft's ERP product adjudged Best Packaged Application by Microsoft

3B Trade 2001, an ERP product from 3B Soft, a joint venture between Pentasoft Technologies Ltd and Alpha Data, Middle East has been adjudged the Best Packaged Application by Microsoft- Gulf & Eastern Mediterranean (GEM) during the Solution and Partner of the Year Awards at Fusion 2001 held in Dubai on May 08, 2001. Mr D Kannan, Director & CEO, Pentasoft Technologies Ld, attributed the recognition to the combination of different factors like well accepted platforms, browser-based technologies, user friendly interfaces and above all customer friendly pricing. Describing 3B Trade 2001 as a comprehensive trading package with 21 modules, Mr. S Swaminathan, Senior Vice President - Business Software Services, Pentasoft stated that the package facilitates efficient online business management. It simplifies processing of any transaction relating to inventory, sales and services in a trading company and takes care of many features that are not currently available in similar products in the market, he added. Mr Swaminathan said 3B Trade 2001 underwent a series of qualifying tests and reviews by a panel of specialists followed by a final vetting with the selection team in Dubai before being adjudged the best product in terms of platform, browser-based application and functionality. Other salient features of the product include comprehensive modules on Sales, Inventory, Administration, Financial Accounting, Human Resources and General Management-to name a few.

IDBI Bank FY-01 results on May 21, 2001

A meeting of the Board of Directors of IDBI Bank Ltd will be held on May 21, 2001 to consider the audited results of the Bank for the year ended March 31, 2001.

Yokogawa Blue Star FY-01 net down by 56.24%

Yokogawa Blue Star Ltd has reported a fall in net profit from Rs 76.10 million in the previous year ended March 31, 2000 to Rs 33.30 million in the current financial year ended March 31, 2001. Total Income posted by the Company for the year ended March 31, 2001 is at Rs 1429.20 million as compared to Rs 1526.90 million in the corresponding period last fiscal. The Board of Directors of the Company has recommended a dividend at 15 per cent on Equity Share Capital.

BSE revises Special Margins on 27 scrips

BSE has informed 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 (May 14 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.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(%) 410 A C C A 25 12599 ADANI EXPORTS A 25 31632 AVINASH INFORM B2 25 32419 D LINK INDIA B1 25 24170 DSQ BIOTECH B2 50 23864 DSQ SOFTWARE A 25 32417 E.STAR INFOTECH B2 25 300 GRASIM INDUSTRY A 25 9079 GUFIC BIO SC B2 25 23477 GUJARAT GAS A 25 183 HIMACHAL FUTURI A 25 193 HOTEL LEELA VEN B1 25 888 JAIPRAKASH INDS A 25 32127 MOBILE TELE B2 25 26089 ROOFIT INDUSTRY B1 25 32118 SAI INFO SERVIC B2 25 378 SAW PIPES A 25 17411 SHYAM TELECOM A 25 32274 SOFFIA SOFTWARE B2 25 32221 SONATA SOFTWARE A 25 32211 SUN EARTH CERAM B1 25 31637 SWORD & SHIELD B2 25 31830 TODAY'S WRITING B2 25 26707 TOUBRO INFOTECH B2 25 32325 VITAL COMM B2 25 32300 WOCKHARDT A 25 31404 ZICOM ELECT B2 25

Nicholas Piramal to seek shareholders approval for scheme of arrangement

Nicholas Piramal India Ltd has informed BSE that a meeting of the equity shareholders of the Company has been convened on June 14, 2001, to approve the Scheme of Arrangement between Rhone Poulenc (India) Ltd, NPIL Fininvest Ltd, Super Pharma Ltd and the Company. This meeting has been convened after an application had been made to the Hon'ble High Court for sanctioning the said Scheme. The said scheme has already been approved by the Board of Directors of the Company at its meeting held on April 16, 2001. Further, the Company has also informed that for the purpose of obtaining necessary approvals under Section 81(IA) of the Companies Act, 1956, an Extraordinary General Meeting of the equity shareholders of the Company will be held immediately after the aforesaid Court convened meeting.

Carrier Consortium make open offer to shareholders of Carrier Aircon at Rs 100 per share

Carrier International Mauritius Ltd, a Company registered under the laws of Mauritius along with Carrier Corporation, a Company incorporated under the laws of Delaware, USA and Carrier Singapore (Pte) Ltd, a Company registered under the laws of Singapore as Persons acting in Concert are making a voluntary offer to the public shareholders of Carrier Aircon Ltd to acquire upto 1,14,77,583 fully paid up equity shares of Rs 10 each representing 49% of the paid up share capital and being the balance outstanding equity share capital of Carrier Aircon at a price of Rs 100 per share payable in cash. The Open offer is not conditional on any minimum level of acceptances. The Specified Date for the Open Offer has been fixed at May 16, 2001. The Offer would open on July 02, 2001 and would close on July 31, 2001.

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