Lakshmi Electrical FY-01 net profit at Rs 12.38 million

Lakshmi Electrical Control Systems Ltd has posted a net profit of Rs 12.38 million in the year ended March 31, 2001 as compared to Rs 1.78 million in the corresponding period last fiscal. Total Income reported by the Company for the year ended March 31, 2001 is at Rs 220.40 million as compared to Rs 194.82 million in FY-00. The Board of Directors of the Company has recommended a Dividend of Rs 2 on equity shares of Rs 10 each, subject to the approval of the shareholders.

Dhanalakshmi Bank Q4 net loss at Rs 14.70 million, FY-01 net down by 39.98%

Dhanalakshmi Bank Ltd has posted a net loss of Rs 14.70 million in the quarter ended March 31, 2001 as compared to a net profit of Rs 30.90 million in the quarter ended March 31, 2000. Total income posted by the company is at Rs 533.30 million for the quarter ended March 31, 2001 as compared to Rs 540.80 million in the corresponding period last fiscal. The Bank has reported a fall in net profit from Rs 112.80 million in the year ended March 31, 2000 to Rs 67.70 million in the year ended March 31, 2001. Total Income is at Rs 2029.90 million for the financial year ended March 31, 2001 as compared to Rs 1878.40 million in the corresponding period last fiscal. The Board of Directors has recommended a dividend of 15% on the equity shares.

Jindal Vijayanagar FY-01 net loss at Rs 496.19 million.

Jindal Vijayanagar Steel Ltd has reported a net loss of Rs 496.19 million in the year ended March 31, 2001 as compared to a net loss of Rs 148.18 million for the year ended March 31, 2000. Total Income posted by the Company for the year ended March 31, 2001 is at Rs 11637.53 million as compared to Rs 8090.12 million in the corresponding period last fiscal.

GNFC FY-01 net up by 59.65%

Gujarat Narmada Valley Fertilizers Company Ltd has posted a net profit of Rs 1055.50 million for the year ended March 31, 2001 as compared to Rs 661.10 million for the financial year ended March 31, 2000. Net Sales for the year ended March 31, 2001 are at Rs 14222.50 million as compared to Rs 12134.80 million in FY-00. Other income for the year ended March 31,2001 is at Rs 565.10 million as compared to Rs 284.60 million in the financial year ended March 31, 2000. The Board has decided to recommend dividend for the year ended 31st March, 2001 at 27 per cent ( i.e. Rs.2.70 per Equity Share of Rs 10 each )

Hi-Tech Plastics FY-01 PAT at Rs 8.39 million

Hi-Tech Plastics Containers (India) Ltd has posted a net profit after tax of Rs 8.39 million in the year ended March 31, 2001 as compared to Rs 1.198 million in the year ended March 31, 2000. Total Income reported by the Company is at Rs 204.89 million for the financial year ended March 31, 2001 as compared to Rs 177.42 million in the corresponding period last year. Extra-Ordinary item of Rs 6.78 million representing write back of Term Liabilities of Financial Institutions and Bank, as a result of one time settlement of their dues has been adjusted in the net profits of the current year after which the net profit stands at Rs 15.17 million.

Avantel Softech Q4 net at Rs 0.09 million, FY-01 net down by 40.16%

Avantel Softech Ltd has posted a net profit of Rs 0.09 million for the financial year ended March 31, 2001. Net Sales and Other Income for the year ended March 31, 2001 stand at Rs 115.63 million and Rs 0.92 million respectively. The Company has reported a fall in net profit from Rs 15.55 million in the year ended March 31, 2000 to Rs 9.31 million in the current year ended March 31, 2001. Total Income for the year ended March 31, 2001 is at Rs 160.94 million as compared to Rs 105.96 million in the corresponding period last fiscal. The Board of Directors has recommended a dividend @ Re 1 per equity share of Rs 10 each. The Company has reported that the major slow down in the US economy from October has resulted in a rapid decline in the market demand for software consultants as well as project outsourcing. In addition, due to non-availability of H-1 visas in time, the Company has not been able to achieve the anticipated turnover from software operations.

Jammu & Kashmir Bank declares 40% dividend

Jammu and Kashmir Bank Ltd has informed BSE that the Board of Directors of the Bank has recommended 40% Dividend (exclusive of Dividend Tax) to shareholders of the Bank for the year ended March 31, 2001, subject to approval of Reserve Bank of India.

Gujarat Organics FY-01 net profit at Rs 9.84 million

Gujarat Organics Ltd has posted a net profit of Rs 9.84 million for the year ended March 31, 2001 as compared to Rs 1.40 million in the corresponding period last fiscal. Total Income for the financial year ended March 31, 2001 is at Rs 111.52 million as compared to Rs 83.95 million in the year ended March 31, 2000.

Esab India FY-01 results on May 28, 2001

Esab India Ltd has informed BSE that the next meeting of the Board of Directors of the Company will be held on May 28, 2001 to approve the Annual Accounts for the year ended March 31, 2001 and also consider the Dividend, if any, for the aforesaid period.

Astra-IDL Q4 PAT down by 26.41%, FY-01 PAT up by 3.97%

Astra-IDL Ltd has reported a net profit after tax of Rs 49.47 million for the quarter ended March 31, 2001 as compared to Rs 67.23 million in the same period last fiscal. Total Income for the quarter ended March 31, 2001 is higher at Rs 386.46 million as against Rs 354.35 million for the quarter ended March 31, 2000. The Company has reported a net profit after tax of Rs 142.74 million for the year ended March 31, 2001 as against Rs 137.29 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 1117.34 million as against Rs 1003.57 million in the year ended March 31, 2000. The Profits for the quarter and the year ended March 31, 2001 have been adjusted for Deferred Tax Liability for earlier years in respect of all timing differences on a liability method after which the net profit of the current quarter stands at Rs 20.35 million and that of the current year ended March 31, 2001 stands at Rs 113.63 million. The Extra Ordinary General Meeting of the Company on March 29, 2001 has approved the change in name of the Company to "AstraZeneca Pharma India Ltd" subject to the approval of the Central Government under the applicable provisions of the Companies Act, 1956.

Hughes Tele.Com to issue ESOPs during 2001-02 at Rs 10 per share

The Board of Directors of Hughes Tele.com (India) Ltd has authorized the company's ESOP Compensation Committee: 1. To issue stock options upto an aggregate of 2.1 million during the year 2001-02 to the company's employees out of 12 million options already issued to Hughes Tele.com (I) Ltd. Employees Stock Option Scheme Trust and, 2. Has fixed the conversion price for the stock options to be issued by the Committee as aforesaid at Rs.10 per share.

Murli Agro Products Board to consider sale of Kraft Paper unit

Murli Agro Products Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 25, 2001 to consider the proposal for sale of Kraft Paper Unit of the Company.

Ingersoll-Rand fixes Book Closure

Ingersoll-Rand (India) Ltd. has fixed the Book Closure from June 15, 2001 to June 22, 2001 for the purpose of declaring dividend and for and AGM.

National Flask Inds Naroli strike called off

National Flask Industries Ltd has informed BSE that the strike declared by Company's workers at Unit II located at Village Naroli, Silvassa, Dadra & Nagar Haveli (U.T.) has been withdrawn and work has started. The signing of the settlement agreement with the workers is in progress and is expected to be completed within a fortnight.

BSE imposes AVM on 62 scrips

BSE has imposed Additional Volatility Margin (AVMs) has been imposed on the following scrips for the settlement No. 009/2001-2002 commencing on May 21, 2001. 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(%) 12599 Adani Exports Ltd. A 10.00 32399 Adlabs Films Ltd. B2 15.00 32351 Aksh Optifibre Ltd. B1 10.00 32129 Aptech Limited A 10.00 477 Ashok Leyland Ltd., A 10.00 31632 Avinash Information Technologies Ltd. B2 25.00 32385 Aztec Software and Technolgy Services Ltd. B1 10.00 32382 Balaji Telefilms Ltd. B1 10.00 26612 Blue Dart Express Ltd. B1 10.00 79 Carrier Aircon Ltd A 15.00 26785 Crest Communications Ltd. B1 10.00 121 Digital Equipment (India), Ltd., A 15.00 32419 D-Link (India) Ltd. B1 15.00 23864 DSQ Software Ltd. A 25.00 135 Essel Packaging Ltd., A 10.00 4067 Fujitsu Icim Ltd. B1 15.00 32345 Gati Corporation Ltd B1 10.00 32312 Geometric Software Solutions Co.Ltd. B1 10.00 7815 Gillette India Ltd. A 10.00 160 Global Telesystems Ltd., A 25.00 32181 Gujarat Mineral Development Corpora B1 10.00 179 HCL Infosystems Ltd A 10.00 32281 HCL Technologies Ltd A 15.00 183 Himachal Futuristic Communications A 25.00 32266 Hughes Software Systems Ltd A 15.00 32175 Infotech Enterprises Ltd. B1 15.00 30773 IVRCL Infrastructures & Projects Ltd. B1 10.00 32286 Jindal Steel & Power Ltd A 10.00 24826 Jupiter Bioscience Ltd. B1 10.00 32337 Mascot Systems Ltd. B1 10.00 23704 Mastek Limited A 15.00 11264 Nedungadi Bank Ltd., B1 10.00 304 NIIT Ltd., A 10.00 31209 Nucleus Software Exports Ltd B1 25.00 2165 OCL India Ltd B1 10.00 31167 Orient Information Technology Ltd. B1 10.00 4130 Otis Elevator Co. (India) Ltd., B1 10.00 32350 Padmalaya Telefilms Ltd. B1 25.00 329 Pentamedia Graphics Ltd A 15.00 560 Philips India Limited., A 10.00 32254 Polaris Software Lab Ltd A 15.00 32199 PSI Data Systems Ltd., A 10.00 346 Punjab Communications Limited B1 15.00 17447 R S Software India Ltd. B1 10.00 366 Rolta India Ltd., A 10.00 376 Satyam Computer Services Ltd A 10.00 378 Saw Pipes Ltd., A 25.00 12028 Shonkh Technologies International Ltd B2 15.00 17411 Shyam Telecom Ltd. A 10.00 31121 Sierra Optima Ltd B1 15.00 389 Silverline Technologies Ltd. A 15.00 17556 SSI Ltd. A 15.00 900 Sterlite Industries (India) Ltd A 10.00 32374 Sterlite Optical Technoligies Ltd. A 10.00 32348 Subex Systems Ltd B1 10.00 31707 Sun Infoways Ltd. B2 10.00 32262 TCI Industries Ltd., B2 10.00 32299 Television Eighteen India Ltd. A 10.00 32375 Tips Industries Ltd. B1 15.00 17562 Trigyn Technologies Ltd. A 10.00 7685 Wipro Ltd., A 15.00 5537 Zee Telefilms Ltd A 15.00

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