Sheetal Securities to allot equity shares on SWAP basis

Sheetal Securities Finance Ltd has informed BSE that a Board Meeting is scheduled to be held on November 19, 2002 to allot shares to shareholders of Yash Estate and Developers Pvt Ltd on SWAP basis.

Kajaria Iron Castings appoints new Directors

Kajaria Iron Castings Ltd has informed BSE that it has appointed Mr P K Paul and Mrs Anushree Kajaria as directors of the company with effect from November 8, 2002.

Toubro Infotech appoints Company Secretary

Toubro Infotech and Industries Ltd has informed BSE that S S Puri has been appointed as Company Secretary of the company with effect from October 16, 2002

Kolar Info Tech board recommends 10 % dividend for FY02

Kolar Information Technology Ltd has informed BSE that the Board has recommended Dividend @ 10 % to the Equity Shareholders of the Company for the financial year ended June 30, 2002 in its meeting held on November 11, 2002. The same shall be placed for approval by the Members at the ensuing General Meeting to be held on December 30, 2002.

Nestle fixes record date for Interim Dividend

Nestle India Ltd has informed BSE that December 11, 2002 has been fixed as a record date for determining the entitlement of the shareholders to the interim dividend for the year 2002, if any, as may be declared by the Board of Directors at a later date.

UTI Bank appoints Alternate Director

UTI Bank Ltd has informed BSE that Shri J M Trivedi has been appointed as an alternate director to Shri Donald Peck with effect from November 2, 2002

Tata Elxsi appoints new Additional Director

Tata Elxsi Ltd has informed BSE that Prof S Sadagopan has been appointed as an Additional Director of the company at the Board Meeting held on October 30, 2002.

Nipuna appoints new COO and senior management team

Nipuna Services Ltd, the BPO subsidiary of Satyam Computer Services Ltd announced the appointment of Mrs Ram Ramasundar as COO of the company. Further the company has also appointed Venkaswamy Nagendra as Chief Marketing Officer and M Satyanarayana as Chief Marketing Officer of the company.

Thermax H1 net at Rs 93 million

Thermax Ltd has posted a net profit of Rs 93 million for the half year ended on September 30, 2002 as compared to a Profit of Rs 36.9 million for the corresponding period in the last fiscal. Total income has increased from Rs 1978 million in the half year ended September 30, 2001 to Rs 2553.8 million for the half year ended September 30, 2002. The Board of Directors has approved the appointment of Ms Meher Pudamjee as Vice-Chairperson of the Company.

BILT fixes record date for payment of interest on FCDs

Ballarpur Industries Ltd has informed BSE that it has fixed December 13, 2002 as the record date for payment of interest on 9.5 % Fully Convertible Debentures of Rs 304 each for the period from the date of allotment viz July 16, 2002 to January 15, 2003.

Technip Coflexip & Coflexip Stena Offshore make open offer to acquire 20% equity stake in South East Asia Marine Eng & Const

South East Asia Marine Engineering and Construction Ltd (SEAMEC) has informed BSE that Technip Coflexip (TC) ("Acquirer") and Coflexip Stena Offshore (Mauritius) Ltd (CSOML) ("Person Acting in Concert") are making an open offer to the shareholders of the company as per SEBI order dated September 9, 2002 read with Securities Appellate Tribunal dated October 25, 2002 to acquire a maximum of 6780000 fully paid up equity shares of the company representing 20 % of the outstanding equity share capital of SEAMEC at a price of Rs. 43.12 per equity share and Rs 8.35 per equity share being the interest at rate of 15 % per annum for the period from November 1,2001 to February 14,2003. CSOML is person acting in concert with TC for the purpose of this offer. TC does not own and/or control any equity capital in SEMAEC whether by itself or through any person acting in concert with it, other than the 58.24% comprising 19,742,750 equity shares of SEAMEC issued, subscribed & paid up equity capital held through its deemed acquisition of CSMOL. The specified date is November 15, 2002 The Date of Opening of the offer is December 19, 2002 The Date of Closing of the offer is January 17, 2003

Colgate Palmolive fixes record date for interim dividend

Colgate Palmolive (India) Ltd has fixed December 10, 2002 as record date for purpose of interim dividend for financial year 2002-03, if declared.

Sujana Steels to issue equity shares/warrants through preferential allotment

Sujana Steels Ltd has informed BSE that the Board of Directors at its meeting held on October 31,2002 resolved as follows: 1. To create, issue, offer, allot equity shares and/or warrants compulsorily convertible into equity shares at a later date and / or any other financial instruments compulsorily convertible into equity shares at a later date, either through public issue and/or rights or through preferential allotment. 2. To alter the Main Objects clause by inserting the activities to carry on the business of agriculture and allied products and precious metals and other related products. 3. To make loans, investments and to give guarantee or provide security. 4. To issue/offer preferential shares. 5. Approval of draft directors' report and draft notice for the forthcoming Annual General Meeting.

Sujana Industries to issue equity shares/warrants through preferential allotment

Sujana Industries Ltd has informed BSE that the Board of Directors at its meeting held on October 31, 2002 resolved as follows: 1. To create, issue, offer, allot equity shares and/or warrants compulsorily convertible into equity shares at a later date and / or any other financial instruments compulsorily convertible into equity shares at a later date, either through public issue and/or rights or through preferential allotment. 2. To alter the Main Objects clause by inserting the activities to carry on the business of agriculture and allied products and precious metals and other related products. 3. To make loans, investments and to give guarantee or provide security. 4. To issue/offer preferential shares. 5. Approval of draft directors' report and draft notice for the forthcoming Annual General Meeting. 6. To keep the statutory records at the office other than registered office.

MICO to seek members approval for commencement of new business activities

Motor Industries Co Ltd has informed BSE that an Extraordinary General Meeting of the shareholders of the company is scheduled to be held on December 5, 2002 to receive the approval of the shareholders to commence business relating to Communications, Security and Imaging Systems.

i-flex becomes first Indian Software company to be certified according to SAS 70 audit standards

i-flex Solutions Ltd on Monday announced that it has recently completed a successful SAS 70 audit. The SAS 70 audit is based on a globally accepted accounting standard, developed and maintained by the American Institute of Certified Public Accountants (AICPA). A SAS 70 audit provides software organizations an independent review of the adequacy of their internal controls relating to software development and maintenance. Ernst & Young was the independent service auditor who conducted this audit at i-flex development centers in India and the report was issued by the Atlanta office of Ernst & Young.

Vysya Bank director resigns

Vysya Bank Ltd has informed BSE that The Board of Directors through a Circular Resolution passed on November 9, 2002 has noted the resignation of Mr Leo Willy Janssen, nominee of ING from the Board of the Bank.

VSNL clarifies on news item

With reference to the news article appearing in a leading daily, Videsh Sanchar Nigam Ltd has informed BSE that it has entered into arrangements with ITXC and Starlink for exchange of traffic in its ordinary course of business.

BSE revises special margin on 42 scrips

BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from Monday. The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. Members are hereby informed that special margins will be imposed on the basis of memberwise gross purchase or sales position (clientwise net) as indicated below: Code-------Name-------Group-------Per Share(Purchase)(%)-------Per Share(Sale)(%) 532311------- Amex Information------- B2------- 25 531823------- Arvind Remedy------- B1------- 25 532113------- Brijlaxmi Le------- B2------- 25 508814------- Cosmo Films------- B2 ------- 25 532099------- Database Fin------- B2------- 25 532365------- Dynacon System------- B2--------------------- 25 505200------- Eicher Motor------- B1------- 25 500128------- Electrosteel Ca ------- B1------- 25 506156------- ETC Networks------- B2--------------------- 25 511744------- FCGL Industries------- B2--------------------- 25 532326------- Fortune Info------- B2------- 25 531399------- G G Automative------- B2------- 50 500655------- Garware Poly------- B2------- 25 506109------- Genesys Inter------- B1------- 25 503699------- Geodesic Inf------- B2------- 25 507732------- Godavari Fert------- B2------- 25 532129------- Hexaware------- B1------- 25 524652------- Ind Swift------- B1------- 25 500207------- Indo Rama Syn------- B1------- 25 532010------- Indotech Capita------- B2------- 25 500213------- Inter Travel------- B1------- 25 531816------- IT Microsystem------- B2------- 25 532256------- Jindal Strips------- B1------- 25 532283------- Kashyap Radiant ------- B2------- 25 500241------- Kirloskar Bros------- B1------- 25 517471------- KTL Infosys------- B2------- 25 532275------- Landmarc Leisur------- B1------- 25-------------- 25 500265------- Maharashta Seam------- B1------- 50 524794------- Matrix Labs------- B2------- 50 512267------- Media Matrix------- B2------- 25-------------- 25 524101------- Nalco Chemical------- B1------- 25 532091------- Orbit Multi------- B2------- 25-------------- 25 531512------- Orient Trade------- B2------- 25 532114------- Pan Packaging------- B2------- 25 522205------- Praj Industries------- B2------- 25 531611------- Prraneta Inds------- B2------- 50 532055------- Rashel Agrotech------- B2------- 25 513583------- S B & T------- B1------- 25 523083------- Somplet ------- B2------- 25 532468------- Srf Polymers------- B2------- 25 531554------- Top Telemedia------- B2-------------- 25 524802------- Veronica Labs------- B2 ------- 25

Orchid Chem's flagship product Cephalexin audited by US FDA

Orchid Chemicals and Pharmaceuticals Ltd has informed BSE that the company has gone through the audit by the US FDA of company's flagship product Cephalexin being manufactured at Alathur Works, Tamilnadu successfully.

Rolta receives award from Forbes Global in Hongkong

Rolta India Ltd has informed BSE that it has been ranked by Forbes Global amongst the top 200 Best Companies in the World. Company received the award at a formal ceremony held in HongKong by Forbes Global. The Chairman and Managing Director of Rolta India, Mr K K Singh attended the formal ocassion as a special invitee of Forbes Global. Although Forbes Global raised the bar of inclusion on the list from US$ 500 million (annual sales) to US$ 1 Billion, thirteen Indian companies have made it to this year's list as against ten companies in the 2001 list.

Compudyne Winfosystems Multimedia Division wins award for Best Visual Effects

Compudyne Winfosystems Ltd has informed BSE that Digital Art Media, the Multimedia Division of the company has won the prestigious award for "Best Visual Effects" in Movie category for its work in Devdas, "Silsila ye Chaahat Ka" Diya Song for Digital Flame.