Sutlej Inds Q4 net down by 2.88%, FY-01 net up by 58.87%

Sutlej Industries Ltd has posted a net profit of Rs 27 million for the quarter ended March 31, 2001 as against Rs 27.80 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 880.50 million as compared to Rs 735.10 million in the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 118.20 million as compared to Rs 74.40 million in the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 3631.30 million as compared to Rs 3064.60 million for the year ended March 31, 2000. The Board of Directors has declared a Dividend of Rs 3.50 per share on 1059860 ordinary shares of Rs 10 each.

A P Paper Mills FY-01 net up by 95.40%

Andhra Pradesh Paper Mills Ltd has posted a net profit of Rs 280.40 million for the financial year ended March 31, 2001 as compared to Rs 143.50 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2551.90 million as compared to Rs 2399.50 in FY-00. Pending sanction of the Scheme of Amalgamation of Coastal Papers Limited, a Subsidiary, with the company with effect from 1st October, 2000 by the High Court of Andhra Pradesh, the accounts for the year have been prepared without giving effect to the said Scheme of Amalgamation. The Board has recommended a Dividend of Rs. 3 per share on 1,12,48,890 Equity Shares of Rs. 10 each, subject to the approval of Shareholders at the ensuing Annual General Meeting.

Monsanto India FY-01 net up by 59.93%, declares 1:1 bonus issue

Monsanto India Ltd has posted a net profit of Rs 192.40 million for the financial year ended March 31, 2001 as compared to Rs 120.30 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2429.70 million as compared to Rs 1050.30 million for FY-00. The Directors has recommended the issue of one bonus share for every share held. The Directors has recommended a dividend of 100%(Rs 10 per share) for the year ended March 31, 2001. In view of the acquisition of agriculture business and assets from Monsanto Enterprises Limited and Monsanto Holdings Private Limited, and the merger of Monsanto Technologies India Limited, in the current year, figures for the current year are not comparable to those of the previous year.

Vision Organics FY-01 net up by 3.83%

Vision Organics Ltd has reported a net profit of Rs 67.02 million for the year ended March 31, 2001 as against Rs 64.55 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 792.33 million as compared to Rs 779.07 million in the year ended March 31, 2000. The Company incurred Rs 93.47 million as Interest expenditure in the current year ended March 31, 2001 as against Rs 64.42 million incurred in the previous year. The Board of Directors has recommended a Dividend of 11% (i.e.Rs 1.10 per equity share of Rs 10 each) for the year ended March 31, 2001.

Amara Raja Batteries Q4 net up by 43.91%, FY-01 net up by 5.09%

Amara Raja Batteries Ltd has posted a net profit of Rs 63.33 million for the quarter ended March 31, 2001 as compared to Rs 44 million in MQ 2000. Total Income for the quarter ended March 31, 2001 is at Rs 441.99 million as compared to Rs 386.32 million in the quarter ended March 31, 2000. The net profit for the year ended March 31,2001 is at Rs 205.32 million as compared to Rs 195.36 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 1320.32 million as against Rs 1146.36 million in FY-00. The Board of Directors has recommended a dividend of 35% for the year ended 31st March 2001.

Crompton Greaves Q4 net profit at Rs 134.30 million, FY-01 net loss at Rs 731.60 million

Crompton Greaves Ltd has posted a net profit of Rs 134.30 million for the quarter ended March 31, 2001 as compared to a net loss of Rs 271.60 million in the corresponding period last year. Total Income for the quarter ended March 31, 2001 is at Rs 4694.60 million as compared to Rs 5965.40 million in the quarter ended March 31, 2000. Net Loss for the year ended March 31, 2001 stood at Rs 731.60 million as compared to a net loss of Rs 1465.70 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 13554.90 million as against Rs 15267.30 million in the year ended March 31, 2000. In view of the adverse financial results, the Directors has not recommended a Dividend for the current financial year.

Tata Elxsi FY-01 results on June 05, 2001

A meeting of the Board of Tata Elxsi Ltd will be held on June 05, 2001 to consider the audited financial results for the year ended March 31, 2001.

Hughes Tele.Com launches basic telecom services at Ahmednagar

Hughes Tele.Com (India) Ltd has informed BSE that it has commercially launched its basic telecommunication services at Ahmednagar. Currently fixed wireless (WiLL) services are available and eventually broadband wireline services will also become available. This is the 7th city where the Company's services are available in the Maharashtra Telecom Circle (MTC), the other 6 are-Mumbai,Navi Mumbai, Pune, Panjim, Nasik and Nagpur.

NIIT Board approves hike in FII Limit

The Board of Directors of NIIT Ltd, at its meeting held today (May 22, 2001) has approved the investment in Equity Shares of the Company by Foreign Institutional Investors (FII) under the portfolio scheme up to an aggregate limit of 49% of the paid up equity share capital of the Company. The said approval is subject to the approval of members of the Company at the Extra-Ordinary General Meeting to be held on June 22, 2001 at New Delhi. Earlier, the aforesaid limit for FII investment under the portfolio scheme was 40% of the paid up equity share capital of the Company.

Shriram Honda FY-01 net down by 4.22%

Shriram Honda Power Equipment Ltd has reported a net profit of Rs 192.90 million for the year ended March 31, 2001 as compared to Rs 201.40 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is higher at Rs 1696.70 million as compared to Rs 1570.10 million for the year ended March 31, 2000. The Board of Directors has recommended a Dividend of 40% on the equity shares for the year ended March 31, 2001. The Company has reported that the Commercial Production of Pressure Die-Casting Components has commenced at Greater Noida Works during the year.

Kaashyap Radiant Board allots shares on preferential basis

Kaashyap Radiant Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2001 has allotted 14,13,025 Equity shares of Rs 10 each at a premium of Rs 150 per share to the persons who have given their consent for exchange of their Equity shares of M/s Kaashyap Interserve Technologies Ltd (KITL). As per the arrangement, holder of every four fully paid up equity shares of Rs 10 each at KITL shall be allotted one fully paid up equity share of Rs 10 each of KRSL.

Kinetic Motor Company FY-01 net up by 12.59%

Kinetic Motor Company Ltd has posted a net profit of Rs 159.10 million for the year ended March 31, 2001 as compared to a net profit of Rs 141.3 million for the year ended March 31, 2000. Net Sales/Income from Operations are higher by 11.23%, from Rs 3164.90 million in FY-00 to Rs 3520.50 million in FY-01. Other Income for the year ended March 31, 2001 is higher at Rs 68.40 million as compared to Rs 55.50 million in the year ended March 31, 2000.

Patspin India posts Rs 55.70 million as net profit for FY-01

Patspin India Ltd has posted a net profit of Rs 55.70 million for the year ended March 31, 2001 as compared to Rs 2.10 million in the year ended March 31, 2001. Total Income for the year ended March 31, 2001 is at Rs 1009.50 million as compared to Rs 650.90 million in the year ended March 31, 2000. The operations for the previous year ended March 31, 2000 were affected due to 3 months strike and hence the figures are not comparable with those of current period. The Board of Directors has recommended a Dividend of 7.50% on Equity Shares, subject to the approval of the members.

Patel Engineering Board approves Bonus issue

Patel Engineering Ltd has informed BSE that the Board of Directors has unanimously approved the following: 1. To allot one (Bonus) equity of Rs 5 each to every holding of 2 shares. 2. To recommend the payment of final dividend at Rs 10 per share of Rs 5 (200%). 3. To allot 1,54,301 equity under the ESOP Scheme. 4. To amalgamate Engineering Products Ltd with that of Patel Engineering Ltd. 5. At present the Board is discussing for acquiring a majority Stake in another overseas body in USA. 6. The accounts of ASI RCC Inc. therefore, has to be regrouped;

Tisco FY-01 results on June 1, 2001

A meeting of the Board of Directors of Tata Iron and Steel Company Ltd will be held on June 01, 2001 to consider the final accounts and the dividend for the year ended March 31, 2001.

GTN Textiles FY-01 net up by 184.54%

GTN Textiles Ltd has reported a net profit of Rs 58.90 million for the year ended March 31, 2001 as compared to a net profit of Rs 20.70 million in the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2286.50 million as against Rs 2025.10 million for the year ended March 31, 2000. The Board of Directors has recommended a Dividend of 20% on Equity Shares, subject to the approval of the members.

Geometric Software Board to consider investment proposal

Geormetric Software Ltd has informed BSE that a meeting of the Board of Directors of Geometric Software Ltd is scheduled to be held on May 23, 2001 to consider an Investment proposal.

UTI Bank denies news item

With reference to the news item appearing in the leading financial daily titled "Merger Plans" UTI Bank Ltd, in a communication to the BSE has stated that there is no truth in the report that the Bank is contemplating a merger with an FI sponsored private sector Bank. The Bank has also clarified that though it intends to raise Tier-I & II capital this year in order to increase its capital adequacy, no decisions have yet been taken on the precise amount to be raised, or of the manner in which this equity mobilisation will be structured.

Ahmedabad Electricity MD resigns

Ahmedabad Electricity Company Ltd has informed BSE that Mr. Ravi R Vora, the Managing Director has resigned. The Company has also informed that in his place, Mr Sudhir Shah has been appointed as an Additional Director effective from May 31, 2001. Mr. Shah has been directed to shoulder the responsibilities being discharged by the MD till further arrangements are made in this respect.

BSE imposes Special Margins on 7 scrips

BSE has imposed Special Margin on the under mentioned scrip at the rate mentioned alongside with effect from today (May 22, 2001). Code Scrip Name Group Sp.Mgr(%) 373 CLARIANT ( INDIA ) LTD B1 25 24084 MONSANTO INDIA LTD B1 25 26089 ROOFIT INDUSTRIES LTD B1 50 13583 S B & T INTERNATIONAL LTD B1 50 32211 SUN EARTH CERAMICS LTD B1 50 26707 TOUBRO INFOTECH & INDS LTD B2 50 31637 SWORD & SHIELD PHARMA LTD B2 50

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