Mauritius based Sea Crystal Inv. acquires 5.042% equity stake in Mascon Global

Mascon Global Ltd has informed BSE that the Company has received intimation from Mauritius based Sea Crystal Investments Ltd today (May 21, 2001) stating that they have purchased 10,53,000 equity shares of the Company. The acquired shares amounts to 5.042% of the total paid-up equity share capital of the Company.

PNC Capital Trust Board to consider preferential issue at Rs 25 per share

PNC Capital Trust Ltd has informed BSE a meeting of the Board of Directors has been convened on May 25, 2001 to consider the further issue of 8.50 million Equity Shares of Rs 10 each at a premium of Rs 15 by way of Private Placement/Preferential allotment. The aforesaid meeting will also consider the enhancement of the Authorised Share Capital of the Company. The aforesaid meeting will also consider calling an Extra Ordinary General Meeting of Members.

ITC FY-01 results on May 30, 2001

A meeting of the Board of Directors of ITC Ltd is scheduled to be held on May 30, 2001 to consider the approval of Audited Annual Accounts for the financial year ended March 31, 2001 and also consider the Recommendation of Dividend for the aforesaid year.

Veejay Laxmi Eng posts Rs 62 million as net profit for FY-01

Veejay Laxmi Engineering Works Ltd has posted a net profit of Rs 62 million as compared to a net loss of Rs 52.10 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is higher at Rs 1379.90 million as compared to Rs 793.70 million for the year ended March 31, 2000.

Narmada Cement Q4 net profit at Rs 12.30 million, FY-01 net loss at Rs 205.37 million

Narmada Cement Company Ltd has reported a net profit of Rs 12.30 million for the quarter ended March 31, 2001 as compared to a net loss of Rs 52.79 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 671.35 million as compared to Rs 526.32 million for the quarter ended March 31, 2000. The Company has reported a net loss of Rs 205.37 million in the year ended March 31, 2001 as against a net loss of Rs 227.70 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2064.60 million as compared to Rs 1806.99 million for the year ended March 31, 2000. The Company has reported that during the current year, cement clinker sales were higher at 1.26 million MT as against 1.109 million MT for the previous period showing an increase of 13.6%. The Company is a subsidiary of Larsen & Toubro Ltd

Bombay Dyeing FY-01 results on May 28, 2001

A meeting of the Board of Directors of Bombay Dyeing & Manufacturing Co.Ltd is scheduled to be held on May 28, 2001 to consider and approve the accounts of the Company for the year ended March 31, 2001 and to recommend to the members of the Company, the payment of Dividend, if any, on the Company's equity share capital for the year ended March 31, 2001.

High Court approves scheme of arrangement of Swil Ltd

Swil Ltd has informed BSE that the Scheme of Arrangement, entered between the Company and Shalimar Wires Industries Ltd and their respective shareholders has been sanctioned by the Hon'ble High Court at Calcutta on May 15, 2001 without any modificaitons. The Company has further informed that pursuant to the direction given by the Calcutta High Court, the aforesaid Scheme of Arrangement has been approved by the shareholders of both the Companies at the Extra Ordinary General Meeting held on January 25, 2001 under the Court appointed Chairman. Pursuant to the aforesaid Scheme of Arrangement, the resulting Company, Shalimar Wires Industries Ltd has to allot shares to shareholders of SWIL Ltd whose name will appear in the Register of Members of the Company as on the "Record Date" for the said purpose in the Ratio of one equity share of Rs 10 each for every four equity shares of Rs 10 each held in SWIL Ltd. The Board of Directors has fixed June 05, 2001 as the Record Date for the aforesaid purpose.

Television Eighteen MD sells 7,000 shares of the Company

Television Eighteen India Ltd has informed BSE that the Company has received intimation from Mr. Raghav Bahl, Managing Director of the Company declaring that he has sold 7,000 equity shares of the Company through the market.

Grand Foundry Director resigns

Grand Foundry Ltd has informed BSE that Shree Mahesh K.Shroff has resigned as a Director of the Company and his resignation has been accepted by the Board at its meeting held on April 28, 2001. The Company has also informed that Shri Sushil Kumar Saraf has been inducted as a member of the Board with effect from April 28, 2001.

Rajshree Sugars FY-01 net up by 50.46%

Rajshree Sugars & Chemicals Ltd has announced a net profit of Rs 91.96 million for the year ended March 31, 2001 as compared to a net profit of Rs 61.12 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 1093.99 million as compared to Rs 1196.81 million in the year ended March 31, 2000. The Board of Directors has recommended a Dividend of Re 1 per share for the current year.

German Remedies FY-01 net up by 1.94%

German Remedies Ltd has posted a net profit of Rs 330.33 million for the year ended March 31, 2001 as compared to Rs 324.04 million in the financial year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2048.22 million as compared to Rs 1989.09 million in FY-00. The Board of Directors has recommended a Dividend of 70% on 82,45,893 equity shares of Rs 10 each of the Company, for the current year, amounting to Rs 57.72 million.

Pentamedia Graphics clarifies on news item

In response to the K-8 recently filed by Film Roman, Pentamedia Graphics Ltd, in a communication to the BSE has clarified that, upon the understanding arrived during a conversation between Dr. V.Chandrasekaran (Chairman Pentamedia) and Mr.John Hyde (CEO Film Roman) a set of new terms of agreement was established. Under the new terms, Pentamedia will issue 5 million GDRs at US$ 2 each and Film Roman will issue 8.50 million shares at US$ 1.17 thereby Pentamedia Graphics will give US$ 10 million to own up 49.94% of Film Roman's expanded capital base. The understanding was that both the stocks will be kept with a mutually agreed account of a investment banker and as and when Film Roman requires funds for expansion, the stocks can be encashed progressively for a set time period of 14 months. The same arrangement has been fully agreed upon and also has been communicated in a statement from Film Roman that said "We have restructured the agreement between us and look forward to finalising the transaction so that we start building on the strengths of our respective companies." The Company has further stated that the Company's intentions to honor this commitment stands unaltered and the Company is prepared to complete the deal. Even Film Roman has reiterated the above in its Q1 Financial Results issued on May 14, 2001 quoted "The Company is continuing its discussing with Pentamedia as previously announced, stated Hyde." The quote also stated, "If completed , this strategic relationship between Film Roman and Pentamedia will enhance the creative, production and marketing capabilities for both companies and create a global production ability enhancing the position of both the Companies in the marketplace. Pentamedia has been caught unawares with the new development from Film Roman's end that has occurred between May 14, 2001 and May 18, 2001 and the Company's legal counsel are finding out the rationale.

IDBI Bank Q4 net down by 62.49%, FY-01 net down by 68.26%

IDBI Bank Ltd has posted a net profit of Rs 101.50 million for the quarter ended March 31, 2001 as compared to Rs 270.60 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 1653.4 million as compared to Rs 1535.40 million for the quarter ended March 31, 2000. The Bank has reported a net profit of Rs 193.60 million in the year ended March 31, 2001 as compared to Rs 609.90 million in the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is higher at Rs 6086.80 million as compared to Rs 4789.20 million for the year ended March 31, 2000. Provisions for the year ended March 31, 2001 includes specific and general loan loss provision which is over and above the statutory requirements. The Board of Directors has recommended a Dividend of Rs 0.70 per share (7%) for the year ended March 31, 2001 as compared to Rs 1.20 per share (12%) declared in the earlier year.

Henkel Spic Q1 net down by 74.36%

Henkel SPIC India Ltd has posted a net profit of Rs 2 million in the quarter ended March 31, 2001 as compared to Rs 7.80 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is higher at Rs 766.50 million as compared to Rs 755.30 million in the quarter ended March 31, 2000.

Ahmedabad Elec. Q4 net up by 77.21%, FY-01 net down by 31 per cent

Ahmedabad Electricity Company Ltd has reported a net profit of Rs 110.40 million for the quarter ended March 31, 2001 as compared to Rs 62.30 million in the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 2265.70 million as compared to Rs 1923.90 million in the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 235.90 million as compared to Rs 341.90 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 9805.90 as compared to Rs 8632.10 million for the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 1.80 per share of Rs 10 each fully paid up.

Morepen Lab announces strategic JV with Ameritek Inc

Morepen Laboratories Ltd has announced a strategic manufacturing joint venture with Ameritek Inc., USA, the world's largest manufacturer of rapid diagnostic assays. The Company will manufacture Ameritek's range of products for India and all SAARC countries except Pakistan.

Grasim Inds clarifies on news item

With reference to the news item appearing in the leading financial daily titled "Grasim Industries to buy UP Cement Corp sick units" Grasim Industries Ltd, in a communication to the BSE has stated that the Company has submitted a formal expression of interest to the UP State Government as per the bid process instituted by them. The Company has further informed that this expression provides the right to conduct due diligence in the aforesaid matter and an eventual discussion is further subject to satisfactory conclusion of discussion with the State Government, and approved by the Board of Grasim Inds and ratification by the Allahabad High Court/BIFR, and several other Companies.

Sagar Cements Board to consider issue of shares on preferential basis

Sagar Cements Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 23, 2001 to consider the issue of 3 million equity shares on preferential basis to the Promoters. The aforesaid meeting is to also consider calling an Extra-Ordinary General Meeting to seek a fresh resolution for this purpose since the resolution passed by the shareholders at the 19th Annual General Meeting has lapsed on the expiry of the three months period.

Bharat Forge FY-01 results on June 2, 2001

Bharat Forge Ltd has informed BSE that a Meeting of the Board of Directors has been convened on June 2, 2001 to consider Balance Sheet and Profit and Loss Account for the year ended on March 31, 2001. The aforesaid meeting may also consider recommendation of Dividend.

BSE revises Special Margins on 32 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 21, 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. 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 32403 FOURTH GENER B2 25 300 GRASIM INDUSTRY A 25 9079 GUFIC BIO SC B2 25 23477 GUJARAT GAS A 25 32181 GUJARAT MINERAL B1 25 183 HIMACHAL FUTURI A 25 193 HOTEL LEELA VEN B1 25 32072 INTERWORLD F B2 25 888 JAIPRAKASH INDS A 25 32127 MOBILE TELE B2 25 6954 MOTORALA SPEC. B2 25 31209 NUCLEUS SOFTWA B1 25 26089 ROOFIT INDUSTR 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 31554 TOP CASSETE B1 25 26707 TOUBRO INFOTECH B2 25 32325 VITAL COMM B2 25 31404 ZICOM ELECT B2 25

Eicher Ltd posts Rs 514.70 million as net loss for FY-01

Eicher Ltd has posted a net loss of Rs 514.70 million for the year ended March 31, 2001 as compared to a net profit of Rs 157.20 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 4967.70 million as against Rs 5691.20 million in the year ended March 31, 2000. Expenditure amounting to Rs 90.20 million has been incurred pursuant to the Voluntary Retirement Scheme in the year ended March 31, 2001. Interest expenditure is higher at Rs 239.20 million in the year ended March 31, 2001 as against Rs 126.50 million in the year ended March 31, 2000.

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