Production resumes at Ahmednagar Forgings' Ahmednagar Plant

Ahmednagar Forgings Ltd has informed BSE that the workers at the Company's Ahmednagar Plant have withdrawn the illegal strike/down tactics and the production at this plant has been restarted with effect from today (May 24, 2001). This is consequent to the wage agreement entered into with the workers of the said Plant. The terms of the agreement are valid for the next 3 years and 6 months.

Centak Chemicals Q4 net profit down by 78.85%, FY-01 net profit down by 34.59%

Centak Chemicals Ltd has reported net profit of Rs 4.80 million for the quarter ended March 31, 2001 as against Rs 22.70 million for the same period last fiscal. Total Income for the quarter ended March 31, 2001is at Rs 46 million as against Rs 71.70 million for the quarter ended March 31, 2000. The Company has also reported net profit for the year ended March 31, 2001 Rs 52 million as against Rs 79.50 million for the same period for the last fiscal. Total income is at Rs 211.20 million for FY-2001 and Rs 284.80 million for FY-2000 The Board of Directors of the Company has recommended a Dividend of Rs3.30 per share for the current year. The Company has also informed that Akzo Nobel Chemical International BV, The Netharlands has acquired 9,30,100 Equity Shares of Rs 10 each from Century Enka Ltd and 7,84,000 Equity Shares from Century Textiles and Industries Ltd at the rate of Rs 200 per share. They have also made an open offer for acquisition of 12,25,900 Equity Shares from the Public at Rs 200 per share.

Vardhman Polyplex Q4 net down by 13.96%, FY-01 net up by 17.56%

Vardhman Polyplex Ltd has posted a net profit of Rs 56.10 million for the quarter ended March 31, 2001 as compared to Rs 65.20 million for the same period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 746.20 million as compared to Rs 604.80 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 202.20 million as against Rs 172 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 2691.40 million as against Rs 2265.90 million for the year ended March 31, 2000. The Board of Directors of the Company has recommended a Dividend of 42% on the paid up equity share capital of the Company.

Pudumjee Pulp & Paper FY-01 net profit down by 52.97%

Pudumjee Pulp & Paper Mills Ltd has posted a net profit of Rs 39.60 million for the year ended March 31, 2001 as compared to Rs 84.20 million for the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 1408.30 million as against Rs 1203.80 million for the year ended March 31, 2000. Other Income for the current year includes Rs 52.83 million being non-recurring income by way of profit on sale of Long Term Investments. A Dividend for the year ending March 31, 2001 @ Rs 1.50 per share of Rs 10 each amounting to Rs 12.30 million has been recommended by the Board of Directors for approval of the shareholders at the ensuing Annual General Meeting. The Company has also reported that during the year, Darjeeling Pulp & Paper Ltd has become a wholly owned subsidiary of the Company.

Colour-Chem FY-01 net down by 57.55%

Colour-Chem Ltd has reported a net profit of Rs 89.78 million for the year ended March 31, 2001 as compared to Rs 211.50 million in the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 3301.59 million as compared to Rs 3139.32 million for the year ended March 31, 2000.

TV 18 MD purchases 7,000 shares of the Company

Television Eighteen India Ltd informed BSE that the Company has received intimation from Mr. Raghav Bahl, Managing Director of the Company declaring that he has purchased 7,000 equity shares of TV 18 through the market.

Silverline FY-01 results on May 30, 2001

A meeting of the Board of Directors of Silverline Technologies Ltd is scheduled to be held on May 30, 2001 to consider and take on record the Audited Financial Results of the Company for the year ended March 31, 2001.

Temporary stoppage of operations at Jindal Strips' Vizag Unit

Jindal Strips Ltd has informed BSE that the operations of the Vizag Unit of the Company has been stopped temporarily because of disturbance from some of the Contract Labours.

PSI Data Systems clarifies on news item

With reference to the news item appearing in the leading financial daily titled "Groupe Bull close to finalising sale of PSI Data stake" PSI Data Systems Ltd has informed BSE that Groupe Bull has denied any transaction so far, with anybody and I-flex in particular.

A+ rating assigned to Excel Industries' NCD issue

Excel Industries Ltd has informed BSE that CRISIL has assigned a "A+" rating for the issue of 150 million Non Convertible Debenture issue of the Company.

LIC Housing Finance FY-01 results on May 31, 2001

A meeting of the Board of Directors of LIC Housing Finance Ltd will be held on May 31, 2001 to consider audited financial results for the Fourth Quarter & year ended March 31, 2001. The aforesaid meeting will also consider convening the 12th Annual General Meeting, recommendation of dividend and fix the book closure dates.

BSE imposes Special Margin on 3 Scrips

BSE has informed Members of the Exchange that Special Margin of 25% has been imposed in respect of the undermentioned scrips. The margins are with effect from today (May 24, 2001). Code Scrip Name Group 31939 GENIUS COMM - TRADE LTD B2 24632 RELISH PHARMACEUTICALS LTD B2 531554 TOP CASSETTES LTD B1

KPNEV makes open offer for acquisition of 17.37% stake in Punjab Anand Lamps at Rs 95 per share

DSP Merrill Lynch Ltd on behalf of Koninklijke Philips Electronics NV(KPENV), a Company registered under the laws of Netherlands with its Registered Office at 1, Groenwoudsewag, 5600, MD Eindhoven, The Netherlands, is making a voluntary Offer to acquire 15,93,483 fully paid up equity shares of Rs 10 each representing 17.37% and being the balance outstanding equity share capital of Punjab Anand Lamp Industries Ltd (PALI) at an Offer Price of Rs 95 per share, payable in cash. KPENV currently holds 54,17,475 fully paid equity shares of Rs 10 each representing 59.06% of the outstanding equity share capital of PALI. The offer is not conditional on any minimum level of acceptance. The Specified Date for the Open Offer has been fixed at May 28, 2001. The Offer will open on June 29, 2001 and will close on July 28, 2001.

Hoechst Marion clarifies on news item

With reference to the article published in a leading financial daily "Hoechst may exit anti-TB segment, phase out brands" Hoechst Marion Roussel India, the India subsidiary of Aventis Pharma, indicates that it will continue to distribute its current range of anti-tuberculosis medicines in the country. Product portfolio reviews within Aventis Pharma are carried out, in India as elsewhere, on a regular basis, and take into utmost consideration for each product the existing availability of appropriate alternative medicines meeting the medical needs of the population. The Company has also reported that the decision to phase out any product is taken after full insurance of continuous availability of such product by alternative suppliers. On a global basis, Aventis Pharma is fully committed to supply different markets with a wide range of products addressing key medical needs for the largest patient base and has no intention to discontinue its anti-tuberculosis drugs portfolio.

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