Bharat Forge Ltd has posted a net profit of Rs 220 million for financial year ended March 31, 2002 whereas the same was Rs 326.40 million for corresponding period last fiscal. The total income (net of excise) is Rs 4344.50 million for FY-02 whereas the same was Rs 4879.60 million for FY-01.
Directors recommend a Dividend of Rs 3.50 per Equity Share (35%) subject to approval of shareholders.
Previous year figures are not comparable in view of the demerger of 'Investment and Windmills Division' with effect from March 1, 2001. Previous year's figures are regrouped wherever necessary.
Rashtriya Chemicals & Fertilizers Q4 net down by 26.55%, FY-02 net down by 62.74%
Rashtriya Chemicals & Fertilizers Ltd has posted a net profit of Rs 277.20 million for quarter ended March 31, 2002 as compared to Rs 377.40 million for the corresponding period last fiscal. The total income has decreased from Rs 5906.40 million for MQ 2001 to Rs 5860.60 million for MQ 2002.
The Company has posted a net profit of Rs 242.10 million for FY-02 as compared to Rs 649.70 million for corresponding period last fiscal. The total income has decreased from Rs 21545.50 million for FY-01 to Rs 20994.50 million for FY-02.
The Board has declared a dividend @ 2% for the year ended March 31, 2002.
Shiv Abhichandani resigns from Directorship of Tips Ind
Tips Industries Ltd has informed BSE that Mr Shiv C Abhichandani Finance Director has resigned from the Directorship of the Company w e f May 01, 2002.
Gabriel India to seek members approval for amalgamation of Stallion Shox with the Company
Gabriel India Ltd has informed BSE that Hon'ble High Court at Bombay has directed Company to hold a General Meeting of shareholders on May 29, 2002 for getting their approval for scheme of amalgamation of Stallion Shox Ltd.with the Company.
Oriental Bank FY-02 net up by 57.99%
Oriental Bank of Commerce has posted a net profit of Rs 3205.50 million for financial year ended March 31, 2002 as compared to Rs 2028.80 million for corresponding period last fiscal. The total income has increased from Rs 30264.50 million for FY-01 to Rs 35143.80 million for FY-02.
Dividend @ 35% for the year ended March 31, 2002 has been proposed subject to the approval of RBI.
RichiRich Agro approves arrangement with Vikas Hygienics for setting retail outlet
RichiRich Agro Ltd has informed BSE that the Board at its meeting held today (May 18, 2002) discussed the following:
1. The Board has approved arrangement with M/s Vikas Hygienic Pvt. Ltd for setting up retail outlets for fresh fruits & vegetables under the master franchisees of the Company for Bombay, Thane & Kalyan District.
2. The Board has authorised Mr Ashok A Jain to acquire the process know-how for merchandising fresh fruits & vegetables and start negotiating terms & condition with U K based Company.
Kochi Refineries Q4 net down by 35.69%, FY-02 net down by 37.17%
Kochi Refineries Ltd has posted a net profit of Rs 261.50 million for quarter ended March 31, 2002 as compared to Rs 406.60 million for the corresponding period last fiscal. The total income (net of excise) has decreased from Rs 18109.40 million for MQ 2001 to Rs 14174.10 million for MQ 2002.
The Company has posted a net profit of Rs 687.70 million for FY-02 as compared to Rs 1094.60 million for corresponding period last fiscal. The total income (net of excise) has decreased from Rs 72464.40 million for FY-01 to Rs 58399.10 million for FY-02.
The Board has recommended a dividend of 22% on equity shares subject to approval of shareholders.
Sunflag Q4 net down by 27.67%, FY-02 net down by 14.30%
Sunflag Iron & Steel Co Ltd has posted a net profit of Rs 21.70 million for quarter ended March 31, 2002 as compared to Rs 30 million for the corresponding period last fiscal. The total income (net of excise) has increased from Rs 948.50 million for MQ 2001 to Rs 970.10 million for MQ 2002
The Company has posted a net profit of Rs 88.10 million for FY-02 as compared to Rs 102.80 million for corresponding period last fiscal. The total income (net of excise) has decreased from Rs 3717.30 million for FY-01 to Rs 3654.90 million for FY-02.
Ananda Kumar nominated as Director in the Board of Indian Overseas Bank
Indian Overseas Bank has informed BSE that Govt. of India has nominated Mr K Ananda Kumar, Officer, Joint General Secretary, Indian Overseas Bank Officers Association, Chennai as a Director in its Board for a period of three years with effect from May 14, 2002 and thereafter until his successor has been nominated or until he ceases to be an officer of the Company whichever is earlier.
Dealings in equity shares of STCI to resume from May 20, 2002
BSE has informed the members that the dealings in the equity shares of State Trading Corporation of India Ltd will be resumed w e f May 20, 2002, as there is no Capital Reduction of the Company.
Earlier the Company had informed BSE that it has been decided to withdraw application filed for reduction of capital pending before the Dept. of Company Affairs, Govt. of India.
Dealings in equity shares of MMTC to resume from May 20, 2002
BSE has informed the members that the dealings in the equity shares of MMTC Ltd will be resumed w e f May 20, 2002, as there is no Capital Reduction of the Company.
Earlier the Company had informed BSE that the Board has approved the withdrawal of the proposal for capital reduction pending before DCA, Govt of India.
VXL Instruments announces change in management structure
VXL Instruments Ltd has informed BSE that the Board of Directors at their meeting held on May 11, 2002 appointed the following Directors:
1. Mr Dipak Rao -- appointed as a Director and Chairman of the Company.
2. Mr J R Mundkar rejoins the Board as Director.
Mrs Laxmi J Mundkar ceased to be Director of the Company.
Call India
