HDFC - Allotment of Equity Shares

Housing Development Finance Corporation Ltd (HDFC) has informed BSE that the Corporation on September 29, 2009, allotted 26,099 equity shares of Rs. 10 each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs. 284,90,54,620 consisting 28,49,05,462 equity shares of Rs. 10 each.

Ramkrishna Forgings - Updates

Ramkrishna Forgings Ltd has informed BSE that as per the resolution passed by shareholders at the Extra Ordinary General Meeting held on January 09, 2008, Company has made the allotment of 25,81,000 warrants with an option to convert into 25,81,000 equity shares of Rs 10 each at a Issue price of Rs 215, determined in accordance with the SEBI Guidelines.
The Company had received the upfront money i.e. 10% of the Issue price Rs 5,54,91,500. The details are mentioned below:

1. Name of the Applicant : Pushman Consultants (P) Ltd
- No of warrants : 50,000
- Date of Allotment : March 19, 2008

2. Name of the Applicant : Phi Advisory (P) Ltd
- No of warrants : 7,65,000
- Date of Allotment : March 19, 2008

3. Name of the Applicant : Basuki Portfolio (P) Ltd (now Riddhi Portfolio Pvt. Ltd)
- No of warrants : 1,64,800
- Date of Allotment : March 19, 2008

4. Name of the Applicant : Basuki Portfolio (P) Ltd (now Riddhi Portfolio Pvt. Ltd)
- No of warrants : 1,18,000
- Date of Allotment : March 20, 2008

As per the SEBI Guidelines, the convertible warrants can be converted within 18 months from the date of issue of Instrument on payment of issue price.

And since the Company has not received the conversion money, the company has forfeited the application money received and transferred to Reserves.

Nelco - Updates

Nelco Ltd has informed BSE that on September 25, 2009 the Company has sold 5,70,000 Equity
Shares of Rs. 10/- each constituting 55.88% of the Company's holding in that Company to
Af-Taab Investments Company Ltd. at Rs. 280/- per share.

Nelito Systems Ltd. is an Associate of the Company and after the sale of the aforesaid shares, the Company is holding 4,50,000 Equity Shares of Rs. 10/- each in that Company.

Punj Lloyd secures order

Punj Lloyd Ltd has informed BSE that the Company has secured an order for a value of Rs. 275,79,75,235/- (Rupees Two Hundred Seventy Five Crore Seventy Nine Lac Seventy Five Thousand Two Hundred and Thirty Five only) from IndianOil Petronas Pvt. Ltd. for design, detailed engineering, supply, construction / installation, testing and commissioning of Propane / Butane / LPG Import Terminal at Ennore, Tamil Nadu on EPCC basis.

Mafatlal Industries - Updates

Mafatlal Industries Ltd has informed BSE that the Company is a Lessee of about 58198 sq. mtrs. of land at Mazgaon. The operations of the Company's mill located there had ceased. The land was under reservation for expansion of the zoo under the Development Plan. The Government of Maharashtra de-reserved 50% of land area and continued reservation on the balance 50% area. The decision of the Government for de-reservation of the 50% land area was challenged by an NGO by filing a Writ Petition by way of Public Interest Litigation in the Hon'ble Bombay High Court. This Writ Petition was dismissed by the Hon'ble Bombay High Court on September 23, 2009. A copy of the judgment is awaited.

ITC - Allotment of Shares

ITC Ltd has informed BSE that the Company on September 23, 2009 has issued and allotted 4,95,960 Ordinary Shares of Re. 1/- each, upon exercise of 49,596 Options by Optionees under the Company's Employee Stock Option Schemes.

Consequently, with effect from September 23, 2009, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 378,01,79,520/- divided into 378,01,79,520 Ordinary Shares of Re. 1/- each.

SPEL Semiconductor - Updates

SPEL Semiconductor Ltd has informed BSE that the Company is in the process of making an application for delisting of equity shares in the following Stock Exchanges as the shares are not being traded.

a. Delhi Stock Exchange

b. Calcutta Stock Exchange

c. Ahmedabad Stock Exchange.

Educomp Solutions fixes Record Date for Stock Split

Educomp Solutions Ltd has informed BSE that the members of the Company in its duly called and convened Annual General Meeting held on September 26, 2009 has approved Sub-division of each of the existing Equity Shares of the face value of Rs. 10/- each fully paid-up in the share capital of the Company into five Equity Shares of the face value of Rs. 2/- each fully paid-up.

Further, Shareholders Grievances committee duly authorized by the Board on September 26, 2009 has fixed October 28, 2009 as record date for sub-division of shares.

Nicco Corporation - Updates

With reference to the earlier announcement dated September 22, 2009 regarding a temporary 'Suspension of work' at the Company's Shyamangar Factory had been put into effect on September 21, 2009, which had been necessitated by acts of indiscipline and intimidation by an unruly section of the workers, Nicco Corporation Ltd has now informed BSE that as the issues leading to the temporary 'Suspension of work', have been resolved and the long term interests of the Company have been protected, the temporary 'Suspension of work', has been lifted at 4.00 PM on September 24, 2009 for the limited purpose of making it possible for the Company to make certain Festival related staff payments to the Employees of Shyamnagar Works, before the normal scheduled closure of the Factory for the Festival holidays from September 25, 2009 to September 28, 2009.

Work at the Shyamnagar Factory of the Company would now resume on September 29, 2009 as per normal schedule.

Helios & Matheson - Updates

With reference to the earlier announcement regarding equity investment in the Company's foreign subsidiary, Helios & Matheson North America Inc USA (HMNA), Helios & Matheson Information Technology Ltd has now informed BSE that the Board of HMNA have convened a special meeting of the shareholders of that company on November 18, 2009 to approve reincorporation as a Delaware Corporation.

Further the Company has informed that reincorporation of HMNA as a Delaware Corp will have no bearing on the Company's Investment in the subsidiary or on the operations of the subsidiary which would continue as before.

Essar Oil Equity Shareholders to approve Scheme of Amalgamation

Essar Oil Ltd has informed BSE that by an Order dated September 15, 2009, the Honourable High Court of Gujarat at Ahmedabad has directed that a meeting of the Equity Shareholders of the Company will be held on October 21, 2009, for the purpose of considering and, if thought fit, approving with or without modification(s), the Scheme of Amalgamation of Essar Oil Vadinar Ltd, the Transferor Company with Essar Oil Ltd, the Transferee Company.

Electrosteel Castings - Updates

Electrosteel Castings Ltd has informed BSE that subsequent to the approval of the shareholders in its meeting dated January 25, 2008, the Board of Directors on March 24, 2008 allotted 12137146 convertible warrants issued for cash of Rs. 81/- per share to a Foreign Company. As per provisions of SEBI (DIP) Guidelines, the Company had also received Rs. 983.11 Lakhs representing 10% of the total consideration towards allotment of said warrants.

In terms of SEBI (DIP) Guidelines, the said warrants were convertible within 18 months from the date of allotment and the last date of conversion was September 24, 2009. As the applicant did not opted for conversion of said warrants within the permissible time of 18 months, the entire amount received thereon from the applicant stands forfeited and accordingly, all 12137146 convertible warrants stands cancelled.

Lupin - Updates

Lupin Ltd has informed BSE that Lupin Pharmacare Ltd. and Lupin Herbal Ltd., wholly-owned subsidiaries of Lupin Ltd., have filed Applications before the Mumbai High Court, to amalgamate themselves with Lupin Ltd. w.e.f. April 01, 2009 ("Appointed Date").

Further the Company has informed that, Novodigm Ltd., another wholly-owned subsidiary of Lupin Ltd., will shortly be filing an Application before the Ahmedabad High Court, to amalgamate itself with Lupin Ltd. w.e.f. April 01, 2009 ("Appointed Date").

The 'Effective Date' of amalgamation would be the date on which copies of the Orders passed by the Hon'ble High Courts of Mumbai and Ahmedabad sanctioning the Scheme of Amalgamation are filed with the Registrar of Companies, Maharashtra and Gujarat respectively.

Sesa Goa - Updates

Sesa Goa Ltd has informed BSE that the Company announces the final terms of the previously announced launch of an offering of Foreign Currency Convertible Bonds ("FCCBs"). The size of the offering is US$ 500 million.

The FCCBs will have a coupon of 5% per annum, payable semi-annually in arrear and will be convertible into equity shares of the Company. The conversion price has been set at Rs. 346.88 per share, representing a premium of 28% to the reference price of Rs. 271.00 per share.

Proceeds from the offering will be used to expand the Company's mining operations, for exploration for new resources, and to further develop its pig iron and metallurgical coke operations. Use of proceeds will be in accordance with end-use restrictions specified in the External Commercial Borrowing regulations issued by the Reserve Bank of India.

The proposed offering of the FCCBs is subject to passing a special resolution of the shareholders of the Company (at least 75% present and voting) at an Extraordinary General Meeting of the Company scheduled to be held on October 20, 2009 and other customary closing conditions.

Settlement is expected to occur shortly thereafter, once all necessary approvals have been obtained.

Goldman Sachs (Asia) LLC and Morgan Stanley & Co. International plc are acting as the joint bookrunners for the offering.

Lupin - Grant of Options

Lupin Ltd has informed BSE that the Company has granted 80,000 options to its employees under "Lupin Employees Stock Option Plan 2003" and 75,350 options to the employees of its subsidiary companies under "Lupin Subsidiary Companies Employees Stock Option Plan 2005" to its employees at the exercise price of Rs. 1089.15 on September 22, 2009.

Further, one equity share of Rs. 10/- each is covered by each option. The options issued are exercisable at the 'market price' as defined in SEBI guidelines in a phased manner after a minimum vesting period of 12 months but before the exercise period of 10 years from the date of grant.