Zee Telefilms inducts new Directors into Board

The Board of Directors of Zee Telefilms Ltd, at its meeting held today (May 31, 2001) has appointed Mr Sandeep Goyal Group Broadcasting CEO, as Additional Whole Time Director of the company. As part of improved corporate governance policies adopted by the company the Board has also co-opted Mr Rajeev Chandrasekhar and Mr Vipin Malik as Additional Directors of the Company.

Zee Telefilms Q4 net up by 131.93%, FY-01 PAT up by 68%

Zee Telefilms Ltd has posted a net profit of Rs 472.90 million for the quarter ended March 31, 2001 as against Rs 203.90 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 1364.40 million as compared to Rs 780.90 million for the quarter ended March 31, 2000. Net Profit after tax for the year ended March 31, 2001 is at Rs 1381.80 million as compared to Rs 822.50 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 4357.70 million as against Rs 2970.60 million reported last fiscal. The Profit for the current year ended March 31, 2001 includes Rs 569.50 million being provision for tax of earlier years after which the net profit for the current year stands adjusted at Rs 812.30 million. Similarly, the net profit for FY-00 was at Rs 2672.40 million after consideration of extra-ordinary items of Rs 1849.90 million being profit on sale of library. The Board has recommended payment of 55% on its paid up capital for the financial year 2000-2001. The Company's initiatives in digitising its channels and converting into pay mode shown healthy trends in exploiting pay revenue streams. With Zee TV going pay in the first half of June 2001, pay revenues would give a significant boost to the overall profitability of the company in the future.

Global Tele fixes book closure

Global Telesystems Ltd has informed the BSE that the Company has decided to close its Register of Members, Transfer Books and other relevant documents at the time of its forthcoming Annual General Meeting.The said book closure will be from July 17, 2001 to July 30 2001 (both days inclusive) for the purpose of payment of dividend if any.

Crisil denies news item

With reference to a news article appearing in a leading financial daily, Credit Rating Information Services of India Ltd has informed that the strategic alliance entered into by the Company and Standard & Poor's to work closely with each other on a number of assignments has, over the years expanded into various businesses of Crisil including Index businesses and Information services. The current shareholding of 9.68% acquired by Standard & Poor's in February 1996 by acquiring the stake of Asian Development Bank who were the initial shareholders of the Company remains at the same level. The Company has stated that Crisil and Standard and Poor's continue to share analytical resources. The Company has further added that there is no change in the position regarding the working relationship with and shareholding of Standard and Poor's as present. Also, the Company has stated that there is no proposal at this stage to buy back the shares of the Company.

D-Link appoints new Additional Director

D-Link (India) Ltd has informed that the Board of Directors has appointed Mr. Dattaraj Salgaocar as an Additional Director of the Company. Mr. Salgaocar has also been appointed as a member of the Audit Committee and Investors Grievance Committee of the Board of Directors of the Company.

Cable Corporation Q4 net loss at Rs 107.20 million, FY-01 net loss at Rs 368.50 million

Cable Corporation of India Ltd has posted a net loss of Rs 107.20 million for the quarter ended March 31, 2001 as against a net loss of Rs 27.40 million for corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 336.10 million as compared to Rs 591.80 million for the quarter ended March 31, 2000. Net Loss for the year ended March 31, 2001 is at Rs 368.50 million for the year ended March 31, 2001 as against a net loss of Rs 263.60 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 1428.80 million as compared to Rs 1809 million for the year ended March 31, 2000.

N.Y.Mahajan resigns as CMD of Madras Fertilizers

Madras Fertilizers Ltd has informed BSE that Shri N Y Mahajan, Chairman and Managing Director has resigned with effect from May 31, 2001. In his place, Govt. of India, Ministry of Chemicals & Fertilizers, Department of Fertilizers, has entrusted the acting charge of the post of the Chairman and Managing Director of the Company to Shri U S Jha, Director (Marketing) Rashtriya Chemicals & Fertilisers Ltd in addition to his own duties with effect from June 01, 2001.

Novartis India signs Agreement for sale of Goregaon Properties with Kingston Properties

Novartis India Ltd and Ciba Specialty Chemicals (India) Ltd have signed an Agreement for sale with Kingston Properties Private Ltd for the sale of their properties situated at Goregaon properties. Sale of Novartis India's properties will be spread over a four year period for a total sum of Rs 725 million. During the period, the Company will be entitled to occupy the premises currently under its ownership. The first payment of Rs 75 million which was due on signing of the Agreement for sale has been received. The second payment of Rs 75 million will be received on receipt of approval from the appropriate Tax authorities. The Company will receive the payments of Rs 200 million, Rs 175 million, Rs 25 million and Rs 175 million at the end of the years one, two, three and four from the date of receipt of tax approval. The Company has availed of the professional services of Knight Frank (India) Pvt. Ltd for this transaction.

Global Tele allots shares under ESOS

Global Tele Systems Ltd. has informed BSE that the Board of Directors of the Company at its meeting held today (May 31, 2001) has allotted 98,087 Equity Shares of Rs 10 each for cash at a premium in terms of the Employees Stock Option Scheme (ESOS) of the Company upon exercise of right of conversion of warrants into equity shares by the employees.

Parke Davis FY-01 results on June 09, 2001

A meeting of the Board of Directors of Parke-Davis (India) Ltd is scheduled to be held on June 09, 2001 to consider and take on record the audited accounts for the year ended March 31, 2001 and to consider recommendation of Dividend for the aforesaid period.

ITC fixes book closure for dividend

ITC Ltd has informed BSE that the Company has fixed book closure from July 18, 2001 to August 3, 2001 (both days inclusive) for the purpose of payment of Dividend of Rs 10 per Ordinary Share of Rs 10 each.

Dalmia Cement fixes Record Date for forthcoming NCD issue

Dalmia Cement (Bharat) Ltd has informed BSE that the Board at its meeting held today (May 31, 2001) has decided to fix July 6, 2001 as the Record date to determine the names of the Members who will be entitled to receive the Letter of Offer in connection with the forthcoming rights issue of Non-Convertible Debentures of Rs 10 each.

Larsen & Toubro fixes book closure for the purpose of dividend

Larsen & Toubro Ltd has informed the BSE the Register of Members will be closed from July 06, 2001 to July 20, 2001 (both days inclusive). Further, the transfer documents received on or after July 07, 2001 will not be reckoned for the purpose of payment of dividend.

LIC Housing Finance FY-01 net up by 11.40%

LIC Housing Finance Ltd has posted a net profit of Rs 1215.20 million for the year ended March 31, 2001 as compared to Rs 1090.80 million last fiscal. Total Income for the year ended March 31, 2001 is at Rs 7455.50 million as against Rs 6454.20 million for the year ended March 31, 2000. The Board of Directors has recommended a Dividend of 40% subject to the approval of the members of the Company at the forthcoming Annual General Meeting.

Dalmia Cement Q4 net profit at Rs 91.20 million, FY-01 net up by 36.23%

Dalmia Cement (Bharat) Ltd has posted a net profit of Rs 91.20 million for the quarter ended March 31, 2001 as against Rs 12.60 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 941.10 million as compared to Rs 785.90 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 288 million as against Rs 211.40 million previous year. Total Income for the year ended March 31, 2001 is at Rs 3784 million as compared to Rs 3347.90 million for the year ended March 31, 2000. The Board of Directors of the Company has decided to recommend 50% dividend for the current year.

Insilco Q4 net down by 64.28%, FY-01 net up by 52.46%

Insilco Ltd has posted a net profit of Rs 5 million for the quarter ended March 31, 2001 as against Rs 14 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 144 million as against Rs 168 million for the quarter ended March 31, 2000. Net Profit for the year ended March 31, 2001 is at Rs 93 million as against Rs 61 million reported last fiscal. Total Income for the year ended March 31, 2001 is at Rs 642 million as against Rs 560 million for the year ended March 31, 2000.

Ashok Leyland confirms news article

With reference to a news article published in a financial daily titled "Ashok Leyland, US auto companies tie up for axles" Ashok Leyland Ltd, in a communication to the BSE has confirmed that the Company has entered into technology tie up agreement with DANA Corporation and Meritor for manufacture of Axles.

UTI Bank denies news item

With reference to a news item appearing in a financial daily, UTI Bank Ltd has informed BSE that there is no truth in the report that Abn Amro Bank is picking up a stake in the bank.

Russel Credit further revises VST Industries open offer price to Rs 125 per share

Kotak Mahindra Capital Company Ltd has informed BSE that as per Regulation 26 of the Regulation (SEBI -Substantial acquisition of Shares and Takeovers) Russel Credit Ltd has revised the Open Offer price of VST Industries Ltd to Rs 125 per share. Russel Credit Ltd had recently revised the Offer Price of VST Industries Ltd to Rs 120 per share for acquisition of 30,88,384 fully paid equity shares of Rs 10 each representing 20% of the equity share capital of the Company and with this announcement, the offer price has now been revised to Rs 125 per share.

NOCIL denies buy back news article

With reference to the news item appearing in a leading financial daily titled "Buyback hints help NOCIL to hit upper limit" National Organic Chemical Industries Ltd (NOCIL) has informed BSE that there is no proposal before the Company at present for buy back of the shares from the public.

Kvaerner Cementation EGM disappoves Special Resolution for ratification of indirect change in control

Kvaerner Cementation India Ltd has informed BSE that, EGM of the company was held on 25.05.2001 to consider the special resolution pertaining to the ratification of indirect change in control of the Company consequent upon the acquisition by Skanska Europe AB, Sweden of the entire share capital of Kvaerner Construction Group Ltd., UK. The Special Resolution was not passed since votes cast in favour were below the requisite three fourth majority.

Indian Oil FY-01 results on June 14, 2001

Indian Oil Corporation Ltd has informed BSE that a Board Meeting of the Company is scheduled to be held on June 14, 2001 to consider and take into record the Audited Financial Results of the Company for the period ended March 31,2001. The aforesaid meeting will also consider the recommendation of the dividend.

Raasi Ceramic Unit of Hindustan Sanitaryware shut down due to technical faults

Hindustan Sanitaryware & Industries Ltd has informed BSE that Company's Raasi Ceramic Unit, which was under overhauling could not be made operative because of major technical faults and had to be shut down. The Company has informed that it needs thorough check-up and complete overhauling and that will take 5 to 6 months time to re-start the operation at the said unit.

Jalpac India Board approves issue of preference shares on private placement basis

Jalpac India Ltd has informed BSE that the Board of Directors of the Company has approved the issue of further preference shares by private placement.

BIFR sanctions Rehabilitation Scheme for Amrit Banaspati

Amrit Banaspati Company Ltd has informed BSE that Hon'ble BIFR has sanctioned the Rehabilitation Scheme for the Company and circulated the same for implementation by all concerned. The Sanctioned Rehabilitation Scheme, inter-alia, provides for the following with respect to equity and preference shares : 1. To defer the redemption of preference shares in respect of cumulative preference shares upto the 8th year of rehabilitation i.e. 2009-10. 2. Not to declare the dividend on equity shares or preference shares during the rehabilitation period.

BSE imposes Special Margin on 4 scrips

BSE has informed Members of the Exchange that Special Margin in the under mentioned scrips has been imposed at the rates mentioned alongside with effect from today (May 31, 2001) Code Name Group Sp Mgr(%) 12599 ADANI EXPORTS COMPANY LTD A 50 23477 GUJARAT GAS COMPANY LTD A 50 30005 INDIA CEMENTS LTD A 25 260 MADRAS CEMENTS LTD A 25

Silverline Tech posts a rise of 13.27% in Q4 net, rise of 87.38% in FY-01 net profit

Silverline Technologies Ltd has posted a net profit of Rs 230.47 million for the quarter ended March 31, 2001 as compared to Rs 203.47 million in the quarter ended March 31, 2000. Net Sales have increased from Rs 569.57 million in MQ 2000 to Rs 610.47 million in the quarter ended March 31, 2001. Other income for the quarter ended March 31, 2001 is at Rs 60.42 million as against Rs 7.55 million in the quarter ended March 31, 2000. The company has posted a net profit of Rs 1314.65 million for the year ended March 31, 2001 as compared to Rs 701.65 million in the financial year ended March 31, 2000. Net Sales for the year ended March 31, 2001 are at Rs 2727.18 million as compared to Rs 1952.82 million in the financial year ended March 31, 2000. Other income has increased from Rs 41.87 million in FY-00 to Rs 366.39 million in the financial year ended March 31, 2001. The Board has recommended a dividend of 12.5% for the year ended March 31 2001.The underlying equity shares issued in respect of our ADR issue on 20th June would be entitled to pro rata dividend from 20th June 2000. Other income includes the following: i) Exchange gain from operations of Rs 68.939 million for the year (Rs 8.198 million during the previous year) ii) Rs 105.508 million exchange gain arising the year (Nil during the previous year) from differences on transaction of foreign currency assets maintained abroad resulting from the ADS issue Excluding these profits the net profit after tax is Rs 1209.145 million during the year ended March 31,2001.

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