Orissa Sponge - Disclosure of acquisition of equity shares of Orissa Sponge Iron & Steel Ltd by Bhushan Energy Ltd

Bhushan Energy Ltd has informed BSE that Bhushan Energy Ltd ("BEL") along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement ("PA") dated February 27, 2009 and published on February 28, 2009, to the shareholders of Orissa Sponge Iron & Steel Ltd ("OSIL"), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the "Takeover Regulations"), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash ("Offer").

On July 01, 2009, BEL has acquired 12000 equity shares of Rs 10 each of OSIL, constituting 0.044% of the current issued and paid-up share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.71 per equity share (through various transactions) by way of open market purchase ("Acquisition").

Further July 02, 2009, BEL has acquired 15503 equity shares of Rs 10 each of OSIL, constituting 0.057% of the current issued and paid-up share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.81 per equity share (through various transactions) by way of open market purchase ("Acquisition").

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

National Plastic - Updates

National Plastic Industries Ltd has informed BSE that the Company has during the year 09-10 given its Dahisar property on rent to Carnation Auto India Pvt. Ltd. (a joint venture between Wipro and Jagdish Khatter, ex-managing director of Maruti Udyog) on a net rent of Rs 120.00 Lac per annum. The rental agreement is for a period of seven and half years subject to rent escalation clause.

Panama Petrochem - Updates

Panama Petrochem Ltd has informed BSE that the Company had issued Convertible Warrants on preferential basis dated December 31, 2007.

The warrant holders were entitled to convert the warrant into equal number of equity shares within a period of 18 months from the date of issue of such warrant at a price of Rs 150 per share.

In terms of SEBI guidelines, the warrant holders had made 10% upfront payment at the time of issue of such warrants. The warrant holders have failed to convert their warrant into equity shares within the requisite period of 18 months, which expired on dated June 30, 2009.

In terms of SEBI guidelines, the 10% upfront payment made by the warrant holders stand forfeited.

Balaji Telefilms - Updates

Balaji Telefilms Ltd has informed BSE that the Company has received a show cause cum demand notice from the office of the Commissioner of Service Tax, Mumbai for an amount of Rs 63.5 crores plus interest and penalty pertaining to the service tax payable for the period April 01, 2006 to March 31, 2008 on account of exports made to one of the clients.

The Company is pursuing all legal remedies available to it in relation to the same.

Reliance Industries - Updates

Reliance Industries Ltd has informed BSE that one of the Crude Distillation Units at Jamnagar DTA Refinery will be commencing a planned shutdown from July 03, 2009 for an estimated duration of about 2-3 weeks for carrying out routine maintenance work.

With other units in the refinery scheduled to be operating as usual, product sales & dispatches will continue at the normal levels during the above period.

This shutdown will also be used as an opportunity for implementing significant efficiency improvement measures in the unit.

Hindustan Dorr - Updates

Hindustan Dorr Oliver Ltd has informed BSE that the Company has circulated a resolution to all the Board of Directors seeking their approval for raising resources not exceeding Rs 250.00 crores by way of Rights Issue and / or for Non Convertible Debentures with warrants and to authorize the Executive Committee to decide on the detailed tents and conditions of the Issues subject however to the necessary approvals.

Enso Secutrack - Updates

Enso Secutrack Ltd has informed BSE that Company had issued Foreign Currency Convertible Bonds (FCCB) vide its offering circular dated April 30, 2008 aggregating US $ 12 Million 3 percent Convertible Bonds due 2013 and it provides for a Conversion Price Reset based on the pre fixed criteria.

Accordingly on the Reset date as per terms of the Offering Circular, Conversion Price has been adjusted in accordance with the pre fixed criteria.

Strides Arcolab - Updates

Strides Arcolab Ltd has informed BSE that the Company has purchased:

- USD 18.50 million aggregate face value of USD 100 million 0% convertible bonds due 2012

- USD 2.00 million aggregate face value of USD 40 million 0.50% convertible bonds due 2010

Further, the Company may also purchase from the markets and extinguish additional Bonds from time to time at its sole discretion.

HDIL - Updates

Housing Development & Infrastructure Ltd (HDIL) has informed BSE that pursuant to the approval of Shareholders at the Extra Ordinary General Meeting of the Company held on June 17, 2009, has completed the followings:

1. Issue of 7,03,50,000 Equity Shares at a price of Rs 240/- per share - including premium of Rs 230 per Share under QIP Issue.

2. Issue of 26,000,000 Equity Warrants on preferential basis convertible in to Equity Shares each at a price of Rs 240/- per share - including premium of Rs 230 per Share to the promoter of the Company.

In this regard, the Company has submitted a copy of the resolution passed at QIP Committee of the Board of Directors of the Company held on July 02, 2009.

Punj Lloyd secures Infrastructure contracts worth Rs 1873.18 crore (US $ 387.08 million) for utilities In Libya

Punj Lloyd Ltd has informed BSE that the Company has secured three contracts from Housing and Infrastructure Board, Libya for designing, procurement, installation and commissioning of utilities at Zawara, Ragdaleen and Al Jamail towns in Libya for an aggregate value of Rs 1873.18 Crores (Rupees One Thousand Eight Hundred Seventy Three Crores and Eighteen Lacs only).

The Company has issued a Press Release in this regards.

LG Balakrishnan - Updates

LG Balakrishnan & Bros Ltd has informed BSE that the Company has entered into an Agreement with the promoters, directors of M/s. M M Gears Pvt. Ltd, a Company engaged in the manufacture of Gears & Gear boxes, for acquisition of 100% shares of the Company and subject to satisfactory due diligence.

Hindalco Industries - Updates

Hindalco Industries Ltd has informed BSE that the Company has reached agreement and received lenders consent on revised terms including covenant relaxations relating to the U5$ 982 million bank loan. The new terms allow the Company significant flexibility to plan its future business and pursue its capital expenditure aspirations going forward. Under the new agreement reached banks have agreed to waive requirement to test covenants on consolidated financials.

City Hospitalities - Updates

City Hospitalities India Ltd has informed BSE that pursuant to Company petition No. 26 of 2008 in the High Court of Madhya Pradesh bench at Indore, the Honourable High Court has by its order dated May 15, 2009 confirmed the reduction of Share Capital of the Company. Accordingly the Share Capital of the Company has been reduced from Rs 272,500,000/- (Rupees Twenty seven Crore Twenty Five Lakh only) divided into 27,250,000/- equity shares of Rs 10 each to Rs 100,000,000 (Ten Crore) divided into 10,000,000 Equity Shares of Rs 10 each. Hence the listed equity capital of the Company is Rs 100,000,000/- (Ten Crore) divided into 10,000,000 Equity Shares of Rs 10 each.

Nirlon - Updates

Nirlon Ltd has informed BSE that Mr. Rahul Sagar, Director of the Company, has in compliance with the relevant resolutions passed by the General Body, Board and Remuneration Committee of the Company, placed on record before the Board of Directors of the Company during its meeting held on June 30, 2009 that he will be occupying the office of the Executive Director w.e.f. July 01, 2009. The Board has approved the same.

Jindal Hotels - Updates

Jindal Hotels Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 23, 2009, inter alia, have unanimously approved the issue and allotment of Warrants convertible into equity shares on Preferential basis. And pursuant to it in compliance with the provisions of Clause 13.4.1 of SEBI (DIP) Guidelines, the Board of Directors of the Company have allotted 24,76,540 Warrants convertible into equity shares of Rs 10/- each at a premium of Rs 10/- each to Promoters and Others on a preferential basis in their meeting held on July 01, 2009.