Bazaar Watch


Friday, July 31, 2009

Hinduja Global - Grant of Options

Hinduja Global Solutions Ltd has informed BSE that the Compensation Committee at its Meeting held on July 31, 2009 have granted 2,05,380 stock options to employees, each option giving the employee the right to be allotted one fully paid-up equity share of the Company, in accordance with HTMT Global Solutions Limited Employee Stock Option Plan 2008, (now known as Hinduja Global Solutions Limited Employee Stock Option Plan 2008) pursuant to the resolutions passed by the shareholders at the Annual General Meeting of the Company held on September 27, 2008, inter alia on the following terms and conditions :

1) Price : Rs 400.10 (being the closing price on July 30, 2009 at the National Stock Exchange).

2) Vesting Period :

a) 1/6th of the options granted will vest on the first anniversary of the Grant Date.

b) 1/3rd of the options granted will vest on the second anniversary of the Grant Date.

c) 1/2 of the options granted will vest on the third anniversary of the Grant Date.

3) Time Limit of Exercise of Option: The optionee may exercise his/ her vested options in part or in whole at any day after the earliest applicable vesting date and prior to the completion of the 48th month from the grant date.

Core Projects - Allotment of Equity Shares

Core Projects & Technologies Ltd has informed BSE that the Shareholders / Investors Grievances Committee at its meeting held on July 31, 2009 approved the allotment of 344,846 Equity Shares of Rs 2 each on conversion of Foreign Currency Convertible Bonds (FCCBs).

The paid-up capital of the Company after this allotment stands increased at Rs 186,030,918 comprising of 93,015,459 number of Equity Shares of Rs 2 each.

Pyramid Saimira - Updates

Pyramid Saimira Theatre Ltd has informed BSE that "The Commissioner of Appeals has allowed the Appeal filed by the Company in the matter of attachment by the Income Tax Department, with the direction that the revised return to be considered under due process of law.

We wish to bring to your attentiona that there was an attachment by the Income Tax Department from December 04, 2008. An appeal was instituted by the Company on June 01, 2009 before the Office of the Commissioner of Income Tax (Appeal)-VI."

Alok Industries - Updates

Alok Industries Ltd has informed BSE that the Company had issued and allotted 1,00,00,000 Warrants to Jiwrajka Associates Pvt Ltd (JAPL) a part of the promoter group, at a price of Rs 102/- per warrant determined as per SEBI (DIP) Guidelines, 2000. The Warrants holders had paid a sum equivalent of 10% of the total consideration as per the terms of the issue and the balance would be payable upon exercise of the conversion option. The Warrant holders were to be allotted one equity share of the Company, of Rs 10/- each, on payment of an exercise price of Rs 102/- per share, on or before July 31, 2009.

The Company have been informed by JAPL that they do not wish to exercise the option of conversion of aforesaid warrants into equity shares. Pursuant to SEBI Guidelines for Preferential Allotment, the Company have thus forfeited 10% warrant subscription money brought in by JAPL at the time of allotment of warrants.

Hindalco Industries - Updates

With reference to earlier announcement about the decision of the Company to raise up to US$ 500 Million by way of QIP, Hindalco Industries Ltd has now informed BSE that in view of the volatility in domestic market and developments in international markets, the Board has decided that the Company in addition to offering of Shares under the QIP route would explore the option to issue Share under Global Depository Receipts (GDR) or any other instrument or any combination thereof but in any case total amount to be raised will be restricted to US$ 500 Million.

Fame India - Updates

Fame India Ltd has informed BSE that w.e.f. July 31, 2009, the Company has commenced operations at two (2) new multiplexes viz.

a) Fame Forum Value Mall - Bengaluru, which consists of 5 screens including one exclusive Gold Class screen of 51 seats which is accompanied with an exclusive Gold Class Lounge. This is the third multiplex of the Company in the city of Bengaluru and has an overall seating capacity of 781 seats.

b) Fame Seven Seas - Baroda, which consists of 4 screens and 1116 seats, including 25 Gold Class seats.

With this, total number of operational properties and screens of the Company are 24 and 88 respectively, including the above.

Confidence Petroleum - Updates

Confidence Petroleum India Ltd has informed BSE that CONFIDENCE GO GAS LTD, a 100% subsidiary of Confidence Petroleum India Ltd under its ambitious plan of setting up 250 Auto LPG Dispensing Stations throughout India has added more feathers to its cap by commissioning and starting the Auto LPG Dispensing Stations (ALDS) at Chopda-Jalgaon (Maharashtra), Cuddapah (Andhra Pradesh) & Prodattur (Andhra Pradesh). Till now total 14 (Fourteen) Auto LPG Dispensing Stations are available for customer service.

Alstom Projects - Updates

Alstom Projects India Ltd has informed BSE that

"ALSTOM Power Holdings SA (and / or its
associate entities), an associate Company of the Promoters of the Company and forming part of the Alstom Group, proposes to enter into a joint venture with Bharat Forge Ltd and / or its associate entities in India ("JV").

As the business proposed to be undertaken by the JV would fall in the "same field" as that of the Company, while it is not mandatory (since the Company is neither a joint venture entity having an Indian partner nor is it currently carrying out any business activities related to the proposed business of the JV), however as a means of good corporate governance ALSTOM Finance B.V, a promoter of the Company had approached the Company for its no-objection certificate (NOC) in terms of Press Note No.1 (2005 Series) read with Press Note No 3 (2005 Series) issued by the Government of India.

Further the Company has informed that, the Board of Directors of the Company has

McNally Bharat - Receipt of Order

McNally Bharat Engineering Company Ltd has informed BSE that the Company have received an order for Design, Engineering, Manufacturing, Supply, Erection, Testing and Commissioning of Blance of Plant on EPC basis including Civil works for 1X270 MW Coal Based Power Project of Ideal Energy Projects Ltd (IEPL) near village Bela at Nagpur, Maharashtra for a value of Rs 414 crores including taxes and duties.

Sterlite Industries - Updates

With reference to earlier annoucement dated July 30, 2009 regarding exercise of over-subscription by the underwriters to the extent of 8,449,221 ADS, Sterlite Industries India Ltd has now informed BSE that he over-subscription works out to be approx. 10.27% (instead of 15% intimated earlier) when compared to the total subscription, but excluding the subscription by the subsidiary of Vedanta Resources Plc.

Thursday, July 30, 2009

Network 18 Media - Upates

Network 18 Media & Investments Ltd has informed BSE that:

"Network 18 Holdings Ltd ("Network 18 Holdings"), a Company incorporated in Cayman Islands having, its registered office at Citco Trustees (Cayman) Ltd, Regatta Office Park, West Bay Road, PO Box 31106, Grand Cayrnan KY1 - 1205, Cayman Islands, is a subsidiary of Network 18 Media & Investments Ltd ("Company").

Network 18 Holding, has acquired around 14.39% shareholding in the "The Indian Film Company Ltd", Guernsey (TIFC), a Company listed on the AIM exchange of London, from a single shareholder in the market at a price of 39.75 pence per share. This acquisition has triggered an obligation under the UK Takeover Code ("Code") to make a mandatory bid for all remaining shares not owned by Network 18 Group for not less than the price paid tbr the shares acquired in the market ("Mandatory Offer"). This is being made at 40 pence per share."

ABG Shipyard - Updates

ABG Shipyard Ltd has informed BSE that :

"Eleventh Land Developers Pvt Ltd ("Acquirer") along with ABG Shipyard Ltd as person acting in concert ("PAC") issued a public announcement on June 23, 2009 ("Public Announcement") to the public shareholders of the Great Offshore Ltd (Target Company") to acquire up to 1,25,71,072 equity shares of the Target Company ("Offer Share") representing approximately 32.12% of the fully diluted equity share capital of the Target Company at a price of Rs 375 ("Offer Price") per equity share ("Offer") in compliance with the Regulations.

On July 30, 2009, PAC acquired 212,348 Shares of the Target Company, constituting 0.57%
of the current outstanding share capital of the target Company, at an average price of Rs 450 (Rupees Four Hundred Fifty Only) per Share and a maximum price of Rs 450 (Rupees Four
Hundred and Fifty Only) through open market purchases ("Transaction") on National Stock
Exchange of India Ltd."

Pioneer Investcorp - Allotment of Equity Shares

Pioneer Investcorp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2009, has allotted 1,05,000 Equity Shares (on Exercise of Employee Stock Options from "Pioneer Investcorp Ltd. ESOP Scheme 2006") to the Non-Executive Director and the Employees of the Company as well as to the Employees of its Subsidiary Companies at an exercise price of Rs 22.05/- per Equity Share.

MCS - Updates

MCS Ltd has informed BSE in terms of SEBI (SAST) Regulations, that the company had allotted 7,00,000 equity shares of Rs. 10/- each to M/s. S K Infosolutions Pvt Ltd on preferential basis on July 20, 2009.

The aforesaid equity shares allotted to M/s. S K Infosolutions Pvt Ltd represent 14.36% of the paid up share capital of the Company.

Max India - Updates

Max India Ltd has informed BSE that the Company proposes to obtain approval of the Shareholders by way of Postal Ballot for the following :

1. Special resolution under section 372A of the Companies Act, 1956 for providing guarantees / securities up to an amount of Rs 500 Crores on behalf of Max Healthcare Institute Ltd, a subsidiary of the Company; and

2. Special resolution under section 372A of the Companies Act, 1956 for providing loans to / making investment up to an amount of Rs 150 Crores in Max Healthcare Institute Ltd, a subsidiary of the Company.

The results of the Postal Ballot will be declared at the ensuing Annual General Meeting of the Company scheduled to be held on September 23, 2009.

Ind Tra Deco - Allotment of Bonus Shares

Ind Tra Deco Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2009, has decided to pass the resolution for Allotment of Bonus shares to the Members of the Company holding equity shares of Re 1/- each for the purposes of identification in the proportion of Two new fully paid-up equity shares of Re 1/- each for every Three Equity Share of Re 1/- each.

Great Offshore - Updates on Open Offer

Kotak Mahindra Capital Company Ltd ("Manager to the Offer"), on behalf of Eleventh Land Developers Pvt Ltd ("Acquirer"), alongwith ABG Shipyard Ltd ("person acting in concert" / "PAC") has issued this addendum to the Public Announcement ("PA") to the Shareholders of Great Offshore Ltd ("Target Company"),which is in continuation of and should be read in conjunction with the PA dated June 23, 2009, pursuant to and in compliance with, among others, regulation 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as amended ("Regulations").

The shareholders of Target Company are requested to note the following amendments with respect to and in connection with the public announcement dated June 23, 2009 ("PA") issued by the Manager to the Offer on behalf of the Acquirer & the PAC making an offer to acquire 12,571,072 shares of Rs 10/- each of the Target Company (each, a "Share") at a price of Rs 375/- per Share ("Offer")

1. On July 29, 2009, PAC acquired 1,926,721 Shares of the Target Company, constituting 4.92% of the Diluted Share Capital of the Target Company, at an average price of Rs. 449.99 (Rupees Four Hundred Forty Nine and Paisa Ninety Nine only) per Share and a maximum price of Rs 450 (Rupees Four Hundred and Fifty only) through open market purchases ("Transactions"). PAC acquired 1,456,994 Shares on the Bombay Stock Exchange and 469,727 Shares on National Stock Exchange of India Ltd. Consequent to this Transaction, the cumulative shareholding of the Acquirer along with the PAC in the Target Company has increased to 6.94% of the Diluted Share Capital of the Target Company.

2. Pursuant to the provisions of regulation 20 (7) of the Regulations, consequent to the Transaction, Offer Price stands revised to Rs. 450 (Rupees Four Hundred and Fifty Only) for each Share of the Target Company to be paid in cash in accordance with the Regulations, subject to and in accordance with he detailed terms and conditions, that shall be mentioned in the Letter of Offer and the form of acceptance-cum-acknowledgment to be disseminated to the shareholders of the Target Company.

3. The maximum consideration payable under the Offer at the revised Offer Price Rs. 565,69,82,400/- (Rupees Five Hundred and Sixty Five Crores, Sixty Nine Lacs Eighty Two Thousand, and Four Hundred Only) ("Revised Maximum Consideration")

This Addendum should be read an conjunction with the PA. Terms used but not defined in this announcement shall have the same meaning as assigned to then in the PA.

GE Shipping - Updates

With reference to the earlier annoucement dated December 18, 2007, Great Eastern Shipping Company Ltd (GE Shipping) has informed BSE that the Company has entered into an agreement with the Shipyard to cancel one of the new building Kamsarmax bulk carriers scheduled for delivery in Q1 FY 2012.

With this, the Company's order book stands reduced to 7 vessels - 2 Supramax bulk carriers, 3 Kamsarmax bulk carriers, and 2 Suezmax tankers.

Great Offshore - Updates on Open Offer

ABG Shipyard Limited and Eleventh Land Developers Pvt Ltd. has submitted to BSE the Disclosure under regulation 22 (17) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as amended ("Regulations"). The Company has further informed the Exchange that the Offer Price for the Offer stands revised to Rs 450 (Rupees Four Hundred and Fifty Only), and shall be payable to all shareholders who tender there shares at anytime during the Offer.

Moser Baer - Employee Stock Option Scheme

Moser Baer India Ltd has informed BSE that in terms of the ESOP Scheme and the SEBI (Employees Stock Option Scheme and Employees Stock Purchase Scheme) Guidelines, 1999, the Compensation Committee of the Board of Directors has granted new options to employees of the Company in terms of its ESOP scheme.

The terms of ESOP scheme are as follows:

1. The maximum number of shares covered by such options: 4,47,100.

2. Exercise Price:-

- Normal Allocation @ Rs 125 per option
- Special Allocation: 50% of the options @ Rs 125 per option, and Remaining 50% of the options @ Rs 170 per option.

3. Requirements of Vesting and maximum period of vesting: The vesting period ranges from 1 year to 4 years.

4. Exercise Period:- 7 years from the date of grant of options.

All other terms and conditions of the ESOP scheme remain unchanged.

Wednesday, July 29, 2009

Fiem Industries - Updates

Fiem Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2009, Mr. J K Jain, the present Chairman & Managing Director of the Company has been re-appointed as Chairman & Managing Director of the Company w.e.f. August 07, 2009 is a period of three years, subject to approval of the re-appointment by the shareholders of the Company. His current tenure as Chairman & Managing Director will complete on August 06, 2009.

Sun TV - Statement on utilization of IPO proceeds

Sun TV Network Ltd has informed BSE regarding a statement on the utilization of issue proceeds :

"Against the total projected utilization of Rs 572 Crores (net of issue expenses) from the Initial Public Offering (IPO) funds, an amount of Rs 321.36 Crores has been utilised towards capita of subsidiaries, Rs 85.82 Crores towards launch of new channels and purchase of new equipment and up-gradation of existing equipment; and Rs 62.34 Crores towards construction of owned corporate office. The balance proceeds from the IPO after meeting the IPO expenses, pending utilization have been invested in fixed deposits with banks."

Bank of Baroda - Strike

Bank of Baroda has informed BSE that United Forum of Bank Unions which is a joint forum of -5- workmen Unions (viz. AIBEA, NCBE, BEFI, INBEF & NOBW) and -4- officers Associations (viz. AIBOC, AIBOA, INBOC & NOBO) has served a notice of strike, informing their decision to go on a nationwide strike on 6th & 7th August, 2009 (Thursday & Friday) certain industry issues.

The Bank is taking all the necessary steps in terms of the existing guidelines for smooth functioning of Bank's branches / offices to deal with the strike in the event the same materializes on 6th & 7th August, 2009.

Rohit Ferro - Updates

Rohit Ferro Tech Ltd has informed BSE that the Company's proposed Project for 110 MW Captive Power Plant and a 33 MW furnace for ferro alloys in Jaipur is yet to commence and is awaiting environmental clearance form the concerned authorities.

The Company's ongoing project in Haldia for 6 x 9 MVA furnaces for Manganese alloys is going on in full swing, and 2 furnaces are expected to start operation by the end of 2009. The Company has already got the financial closure for the said project for Rs 17500 lacs of term loan form State Bank of India, and United Bank of India.

The Company has decided to foray into Forward Integration by installing a Stainless Steel facility of capacity 100,000 MT with an estimated cost of Rs 98 Crores. The Company has received the necessary environment clearances form the MoEF, Government of India. The Company has already acquired approx 12 Acres of land adjacent to its existing facilities in Bishnupur, in the Industrial Growth Centre. The execution work of the project is expected to start by October 2009 subject to the financial closure for funding of the project.

Wockhardt - Updates

Wockhardt Ltd has informed BSE that the Board of Directors of the Company have approved the notice of postal ballot along with the postal ballot form and calendar of events for obtaining consent of the members of the Company for sale / transfer / disposal of Mother and Child Care Business and Nutriuno business of the Company as a slump sale on going concern basis at such price and on such terms and conditions as may be decided by the board.

Hindusthan Udyog - Allotment of Shares

Hindusthan Udyog Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2009, has issued and allotted 8,49,625 Equity Shares of Rs 10/- each and 60,00,000 10% Cumulative Redeemable Preference Shares of Rs 10/- each to the Equity Shareholders and the Preference Shareholders respectively of ACC-Nihon Castings Ltd (Transferor Company) pursuant to an Order dated March 23, 2009 passed by the Hon'ble High Court at Calcutta in connection with the amalgamation of ACC-Nihon Castings Ltd with the Company.

Consequently with effect from July 29, 2009, the Issued, Subscribed and Paid up Share
Capital of the Company stands increased to Rs 13,17,67,250/- consisting of 71,76,725
Equity Shares of Rs 10/- each fully paid up and 60,00,000, 10% Cumulative Redeemable Preference Shares of Rs 10/- each fully paid up.

Glodyne Technoserve - Updates

With reference to the earlier annoucement dated July 16, 2009, Glodyne Technoserve Ltd has now informed BSE that the Board of Directors of the Company has constituted a Committee of Directors of the Company ("Committee"), which, in consultation with accounting and legal advisors, decide on an appropriate structure for the proposed acquisition and subsequent consolidation of operations of Broadllyne Technologies Ltd ("Broadllyne"), through a Scheme of Arrangement ("Scheme") under section 391-394 of the Companies Act, 1956. The said committee will make a recommendation to the Board of Directors of the Company, for their consideration.

Carol Info - Updates

Carol Info Services Ltd has informed BSE that the Board of Directors have approved the notice of postal ballot along with the postal ballot form and calendar of events for obtaining consent of the members of the Company for sale / transfer / disposal of Nutrition Contract Manufacturing Business of the Company along with its plant located in Lalru in India as a slump sale on going concern basis at such price and on such terms and conditions as may be decided by the board.

Jindal Steel Board approves Bonus Issue

Jindal Steel & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2009, inter alia, has decided, subject to approval of the shareholders under Article 175 of Articles of Association of the Company to issue five fully paid bonus shares of Re 1/- each for every one existing equity share of Re 1/- each held by the Shareholders of the Company as on Record Date to be fixed later for this purpose.

Ashapura Minechem - Updates

Ashapura Minechem Ltd has informed BSE about the following :

"This refer to the legal proceedings initiated by Shipping Company(s). We wish to inform you that :

M/s. IHX (UK) Ltd, a Shipping Company in London, ('the Claimant') had as per the Contract of Affreightment ('COA') entered into with the Company, initiated Arbitration Proceedings in London, under the Arbitration Act, 1996.

As per the 'Arbitration Award' passed by the Sole Arbitrator in the absence of any oral hearing and defence submissions by the Company, an award has been issued against the Company to pay the Claimant damages amounting to US$ 24,157,442 for repudiation of the said COA.

The said Order is being contested by the Company in India, refuting the entire order and the Company is hopeful of repudiating the same."

Vishal Information - Updates

Vishal Information Technologies Ltd has informed BSE that the Company is in the final stages of acquisition of a Company in Nordic Region (Target Company) out of funds raised through GDR issue. The Target Company is one of the leading solution provider globally for a flexible software system to process invoices electronically. This system comprises of a complete automated workflow that saves in millions for the user. The solution provided by the Target Company is installed at more than 75 Companies covering multiple locations many of them being Fortune 500 Companies. This will boost Vishal's sale & increase the turnover by Rs 20 Crores and profit by Rs 3.60 Crores.

Premier Explosives - Updates

Premier Explosives Ltd has informed BSE that the Company have set up a plant at Neyveli for manufacture of Site Mixed Emulsion Explosives with an annual capacity of 3000 Tonnes.

The plant was formally inaugurated by Mr. A R Ansari, Chairman and Managing Director, Neyveli Lignite Corporation Ltd on July 26, 2009.

Production at the plant will be started after obtaining necessary statutory permissions.

Balaji Telefilms - Updates

Balaji Telefilms Ltd has informed BSE that the Company has received notices of demand under section 38 of The Bombay Sales Tax Act, 1959 from Sales Tax Authorities for amounts aggregating to Rs. 55 crores (including interest and penalty) pertaining to sales tax on sales for the Financial Years 2000-2001 to 2003-2004.

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

Tuesday, July 28, 2009

Ciba India - Updates

Ciba India Ltd has informed BSE that in order to rationalize the businesses and operations of the Company, the Board of Directors of the Company at its meeting held on July 28, 2009, has approved Voluntary Retirement Scheme(s) [VRS]. The VRS will be applicable to employees at all locations of the Company.

Manufacturing Operations and related activities of the Company ("Ciba") are carried on at the Santa Monica Works, Corlim, IIhas, Goa ("the Site"), on land leased from Syngenta India Ltd ("Syngenta"). The lease expired on August 31, 2008. Negotiations with Syngenta regarding lease and other Site related issues have now been settled, pursuant to which the Company will at a later date permanently cease its operations and will exit the Site on or before December 31, 2010.

Vardhman Industries - Update

Vardhman Industries Ltd has informed BSE that Persons Acting in Concert (PACs) with the promoters of the Company have purchased a total of 36,000 (thirty six thousand) Equity Shares of Rs 10/- each of the Company from open market in normal segment on the Stock Exchange the details of which are as under:

1. Date of Purchase: July 27, 2009
Name of PAC: Zarqa Jain
No. of Shares purchased: 28,000

2. Date of Purchase: July 27, 2009
Name of PAC: Vikram Jain & Sons (HUF)
No. of Shares purchased: 8000

As a consequence of this acquisition the promoters alongwith PACs have acquired a total of 3,20,000 equity shares representing 4.05% by way of creeping acquisition during the current financial year.

Kushagra Software - Updates

Kushagra Software Ltd has informed BSE that the Company has received a letter of intent for doing a pilot project for area Negombo Beach Project from the Ministry of Road Development, Housing & Construction of Western Provincial Council, Srilanka.

Commenting on the above, Mr. K Sudhir, Director & CEO, said, it is a very good opportunity for our establishment to expand our services and it helps to develop the resources in cross-border operations.

Forbes & Company - Press Release

Forbes & Company Ltd has informed BSE that the Company has, on July 27, 2009 signed, a Memorandum of Understanding with Sino-Global Shipping America Ltd, a NASDAQ listed company, for shipping related business pursuant to which both the parties will act as mutually exclusive partners in China and India market respectively.

The Company has submitted to BSE a copy of the Press Release dated July 27, 2009 titled "Sino=Global Establishes Partnership with Forbes & Company Ltd".

Magma inks JV with German Insurer HDI Gerling, to enter General Insurance Business

Magma Fincorp Ltd has informed BSE that the Company, on July 28, 2009 has entered into an Agreement with HDI Gerling International Holding AG (HDI) which is a part of Talanx AG Group and which group is the third largest insurance group in Germany with a strong track record of over 100 years; has a multi - national presence in Insurance Business and is amongst top 15 in its Continent, for the purpose of undertaking General Insurance Business in India through the existing company Magma HDI General Insurance Company Ltd subject to necessary approvals from Regulatory authorities such as IRDA, RBI etc.

The Company has submitted to BSE a Press Release dated July 28, 2009 titled "Magma inks JV with German Insurer HDI Gerling, to enter General Insurance Business".

Dish TV - Updates

Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 18, 2009 had approved June 30, 2009 as the book closure (one day) for reckoning the eligible shareholders for making first call money of Rs 8/- on the Rights issue of the Company. Further, the Company has submitted to BSE a copy of the Notice for payment of first call money dated June 02, 2009, being sent to the shareholders.

Mafatlal Industries - Updates

Mafatlal Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company was scheduled to be held on July 30, 2009, inter alia, to consider and approve (1) Audited Accounts for the year ended March 31, 2009 and Audited Financial Results of the Company for the year ended March 31, 2009 and (2) to take on record Un-audited Financial Results of the Company for the quarter ended June 30, 2009.

In this connection, the Company has informed that the Modified Rehabilitation Scheme (MRS) sanctioned by the BIFR has been received by the Company on July 23, 2009. As the Scheme contains certain financial treatment in respect of the financial year ended on March 31, 2009 and un-audited results for the quarter ended June 30, 2009, therefore the Company have postponed the Board Meeting for consideration of Audited Financial Results for the financial year ended on March 31, 2009 as well as un-audited financial results for the quarter ended June 30, 2009.

Under the circumstances, the Company has decided to hold Board Meeting on August 12, 2009 for consideration of Audited Financial Results for the year ended on March, 2009 and Un-audited Financial Results of the Company for the quarter ended June 30, 2009.

Bajaj Hindusthan - Updates

Bajaj Hindusthan Ltd has informed BSE that in addition to import of approximately 1 lakh M.T. raw sugar as intimated on June 09, 2009, the Company has executed contracts for import of further 2 lakh M.T. approx of raw sugar. The entire quantity of around 3 lakh M.T. is proposed to be processed to manufacture white sugar during the next sugar season 2009-2010.

Texmaco - Placement of Equity Shares

Texmaco Ltd has informed BSE that the duly authorized Committee of the Board of Directors of the Company at its meeting held on July 27, 2009, inter alia, has decided to close the Bid period and approved the issuance of up to 1.64 crore Equity Shares at a price of Rs 104 per Equity Share (including a premium of Rs 103 per Equity Share) aggregating to Rs 170.56 Crores.

Mafatlal Industries - Modified Rehabilitation Scheme of the Company

Mafatlal Industries Ltd has informed BSE that :

"The Hon'ble Board for Industrial & Financial Reconstruction (BIFR), New Delhi has declared the Company a sick industrial Company in terms of Section 3(1)(o) of the Sick Industrial Companies (Special Provisions) Act, 1985 and the Rehabilitation Scheme of the Company was sanctioned by Hon'ble BIFR vide Order dated October 30, 2002.

The said Rehabilitation Scheme of the Company has been substantially implemented.

As directed by Hon'ble BIFR at the hearing held on October 01, 2006, and November 07, 2007, the Company had submitted Modified Draft Rehabilitation Scheme (MDRS) of the Company based on the reports submitted by M/s. Ernst & Young to the Monitoring Agency, IDBI Bank Ltd., with a copy to Hon'ble BIFR.

At the Hearing held on 24th / 25th June, 2009, Hon'ble BIFR has sanctioned the said Modified Rehabilitation Scheme of the Company. The Company have received the Certified Copy of the Hon'ble BIFR Order dated 24 / 25th June, 2009 on 23rd July, 2009."

Nakoda Textile - Updates

Nakoda Textile Industries Ltd (NTIL) has informed BSE that NTIL sponsored Textile Park under the name and style of Surat Super Yarn Park Ltd. (SSYPL) is expected to be commissioned in September 2009. The park is being set up under the Scheme for Integrated Textile Park (SITP) by Ministry of Textiles, Govt. of India.

Mediaone Global - Updates

Mediaone Global Entertainment Ltd has informed BSE about the launch of its next state-of- the-art cinema theatre at Acharapakkam. Named as SRI BALAJI THEATRE - Mediaone Chain of Theatres. It is undoubtedly the best theatre in that surrounding with all ultramodern facilities and services and strategically located in the outskirts of Chennai. The Theatre was inaugurated with the screening of Mediaone's latest offering 'Modhi Vilayadu' on July 24, 2009.

KPR Mill - Updates

KPR Mill Ltd has informed BSE that the Company has promoted a Wholly Owned Subsidiary by name "Quantum Knits Pvt. Ltd" on June 03, 2009. Its entire Share Capital and the Board are held / controlled by the Company. The following Directors of the Company have been nominated as Directors in its Board

1. Mr. K P Ramasamy
2. Mr. K P D Sigamani
3. Mr. P Nataraj
4. Mr. A Sekar

Considering the functional, developmental and marketing advantages, the Operation and Management of Company's Garment Division at Arasur have been entrusted with the aforesaid Subsidiary Company.

Monday, July 27, 2009

Indo Zinc - Open Offer

MAPE Advisory Group Pvt Ltd ("Manager to the Offer") on behalf of ICL Financial Services Ltd ("Acquirer") & The India Cements Ltd ("Person acting in Concert along with the Acquirer (PAC)"), has issued this Public Announcement ("PA") to the Equity Shareholders of Indo Zinc Ltd ("IZL"/"Target Company"), pursuant to and in compliance with Regulation 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 ("Regulations") and subsequent amendments thereto.

The Offer:

The Acquirer & PAC are making an Open Offer to the Public Shareholders (i.e.
shareholders other than the Acquirer, PAC & promoter group shareholders of Target company ("Vendors") of Target Company to acquire 9,00,000 equity shares of Rs. 10/- each, representing 20% of the issued and subscribed capital of Target Company. The Offer is at a price of Rs 22.50/- (Rupees Twenty Two and Paise Fifty only) per Equity Share fully paid up ("Offer Price"), payable in cash ("the Offer"), subject to the terms and conditions mentioned in PA and at a price of Rs 10/- (Rupees Ten Only) per Equity Share partly paid. There are 24,400 shares, on which call money of Rs. 12.50/- (which includes premium of Rs. 7.50/-) remains unpaid.

Schedule of Activities:

Specified Date - August 21, 2009

Date of Opening of the Offer - September 10, 2009

Date of Closing of the Offer - September 29, 2009

Tata Teleservices - Results Press Release

Tata Teleservices Maharashtra Ltd has informed BSE regarding a Press Release dated July 27, 2009, titled "Subscriber base crosses 8 million. TTML network once again rated absolutely congestion free by Telecom Regulatory Authority of India (TRAI) - Q1 EBITDA grows by 19% over Q4 FY 08-09"

Entegra Equity shareholders & Unsecured Creditors approves Scheme of Merger

Entegra Ltd has informed BSE that at the Extra Ordinary General Meeting of the Company held on July 27, 2009 of the Equity shareholders and of Unsecured Creditors of the Company, for approval of the Scheme of Merger between SKG Power Ventures Pvt. Ltd with Entegra Ltd under Section 391 to 394 of the Companies Act, 1956, the special resolutions to approve the said scheme were passed unanimously at both the meetings.

Asian Hotels - Updates

Asian Hotels Ltd has informed BSE that its wholly owned subsidiary, Asia Hotels and Consultancy Services Private Ltd has been awarded a piece of land for which Development Agreement has been signed with Delhi International Airport Private Ltd, for development of a five star hotel in the proposed Aerocity - Hospitality District, New Delhi.

The Board of Directors is also announced that, it has acquired additional shares in its associate Company, namely Regency Convention Centre and Hotels Ltd (RCC), resulting in a majority stake, and consequently, RCC has become its subsidiary.

GHCL - Repurchase of FCCBs

GHCL Ltd has informed BSE that pursuant to the approval received from Reserve Bank of India, the Company has repurchased (buyback) 1% Convertible Bonds due 2011 ("Bonds") aggregating to face value of USD 1,000,000 (one million) at a discount and has extinguished same.

Further, the Company has inform that after the cancellation of USD 1.00 million of Bonds, the total outstanding of the Bonds is USD 60.90 million.

Fulford India - Updates

Fulford India Ltd has informed BSE that the Company had raised Rs 40.25 crores by issuing 7,00,000 Equity Shares of Rs 10/- each at a premium of Rs 565/- per share, to its promoters Dashtag. The funds were raised to provide capital in order to permit the Company to strengthen its position in the market and act on strategic business growth opportunities, as stated in the explanatory statement to the notice dated October 16, 2006 convening the Extra-Ordinary General meeting of the company on November 15, 2006.

The above amount is presently unutilized in respect of the aforementioned purposes and is invested in fixed deposits with Citibank N.A.

Torrent Power - Updates

Torrent Power Ltd has informed BSE that the Company has commissioned and started commercial generation of electricity from the second unit of 382.5 MW of SUGEN power plant.

With this, the installed capacity of 765 MW (382.5 MW x 2) of SUGEN power plant has commenced commercial operation. The third unit is expected to commence commercial operation during the quarter.

SUGEN power plant is a gas-based combined cycle power plant of the Company. SUGEN plant is the first mega power plant to commence commercial operations.

Allahabad Bank - Ratings

Allahabad Bank has informed BSE that CRISIL vide their letter dated July 23, 2009 has reviewed and upgraded the rating of the existing Upper Tier II bonds (Series I) of Rs 500.00 crore, Subordinated Debt (Tier II Series V,VI,VII & VIII) aggregating to Rs 1961.90 crore and IPDI of Rs 300.00 crore (150.00 crore existing and 150.00 crore proposed) from AA/Stable to "AA+/.stable". Further, CRISIL vide their letter dated July 24, 2009 assigned the rating of "AA+/Stable" to the proposed Subordinated Debt (Tier II Series IX) Bond of Rs 450.00 crore and Upper Tier II Bond of Rs 500.00 crore.

Credit Analysis & Research Ltd (CARE) has also assigned "CARE AA+ rating to the proposed Subordinated Debt (Tier II Series IX) of Rs 450.00 crore.

Lanco Infratech - Updates

Lanco Infratech Ltd has informed BSE that the 76 MW Phatabyung Hydroelectric Project being developed in Uttarakhand by Lanco Hydro Energies Pvt. Ltd, a Subsidiary of the Company has achieved Financial Closure. The Project, estimated to cost Rs 520 Crore, would be financed with a debt of Rs 416 Crore and an Equity of Rs 104 Crore. A consortium of Five Banks with Axis Bank in the lead are providing the debt required for the project.

Sadbhav Engineering - Updates

Sadbhav Engineering Ltd has informed BSE that Aurangabad Jalna Toll Way Ltd (AJTWL) subsidiary of Company and a SPV incorporated in respect of the following project has achieved Commercial Operational Date (COD).

"Providing four laning to Aurangabad-Jalna Road (MSH-6) km, 10/400 to 60/200 Beed bypass km 292/500 to 305/600 and Zalta Bypass km 0/00 to km 2/850 on BOT basis"

Accordingly AJTWL has been authorized by Government of Maharashtra to collect the Toll from July 28, 2009.

Vishal Information - Updates

Vishal Information Technologies Ltd has informed BSE that that Coral Hub Online Service Pvt Ltd, a subsidiary of the Company is launching shortly its Online Book Stores with initial collection of 30 Lac books and this would increase to 60 Lac books by September, 2009 making Coral Hub.com as one of Asia's largest Online book stores catering to a Rs 3500 crores Indian-Book market size. The remarkable feature of these books is affordable price and our marketing channels bring Books to all corners of India. Efforts are under way to bring - books in regional and foreign languages.

Nucleus Software - Updates

Nucleus Software Exports Ltd has informed BSE that one of the major customers of an overseas subsidiary of the Company, has on July 25, 2009 given notice to this subsidiary of partial cancellation of contracts, on a date one month from receipt of notice. The customer has further asked for early meetings, to have mutual agreement for the purpose of reaching a settlement. As per legal opinion received, and an assessment by management, there is no liability on the Parent Company, and there is no impact on the financial results of the Company for this quarter.

S Kumars.Com Board approves Right Issue

S Kumars.Com Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 25, 2009, inter alia, has decided to go for Right Issue of Equity
Shares in proportion of 1:2 (One share for every two shares held) at price of Rs 10/- per
Equity Share subject to approval of members as per the provisions of the Listing
Agreement and all other applicable Laws.

Sandur Manganese - Updates

Sandur Manganese & Iron Ores Ltd has informed BSE that the Company has forged a strategic alliance with Shimoga Steels Ltd (SSL) for getting its iron ore converted to TMT bars by utilizing, on an exclusive basis, the facilities of rolling mill available with SSL at Mysore.

The trials have since been successful and SSL has recently obtained the required power supply, the Company is venturing into commercial operations of TMT bars by supplying about 1.15 lakh tonnes of iron ore per annum for getting about 0.60 lakh tonnes of finished steel product manufactured.

Friday, July 24, 2009

Indiabulls Financial - Issue and allotment of Equity Shares

With reference to the earlier announcements dated July 20, 2009 and July 22, 2009 in respect of issue of Equity shares of face value Rs 2 each in the Company ("Equity Shares") to QIBs under Qualified Institutions Placement in terms of Chapter XIII-A of SEBI Guidelines, Indiabulls Financial Services Ltd has now informed BSE that the duly authorised Committee of the Board of Directors of the Company has, at its meeting held July 24, 2009, issued and allotted 5,61,40,350 fully paid-up Equity Shares, at a price of Rs 171/- per Equity Share (including a premium of Rs 169/- per Equity Share), aggregating to Rs 959,99,99,850 (Rupees Nine Hundred Fifty Nine Crore, Ninety Nine Lacs, Ninety Nine Thousand, Eight Hundred and Fifty only).

Consequent to the issue and allotment of the Equity Shares as aforesaid, the Paid-up
Equity Share Capital of the Company stands increased from the present Rs 50,72,59,538/- divided into 25,36,29,769 Equity shares of face value Rs 2/- each, to Rs 61,95,40,238/- divided into 30,97,70,119 Equity shares of face value Rs 2/- each.

Confidence Petroleum - Updates

Confidence Petroleum India Ltd has informed BSE that CONFIDENCE GO GAS LTD., a 100% subsidiary of the Company under its ambitious plan of setting up 250 Auto LPG Dispensing Stations throughout India has added one more feather in its cap by commissioning and starting the Auto LPG Dispensing Stations (ALDS) at Panvel (Maharashtra) AND Bangalore (Karnataka). These Auto LPG Pumps (ALDS) are now available for customer service.

Suzlon Energy - Issuance of GDRs

Suzlon Energy Ltd has informed BSE that pursuant to the issuance of GDRs by the Company, which opened for subscription on July 20, 2009 and closed for subscription on July 21, 2009, 5,84,00,000 underlying equity shares of the face value of Rs 2/- have been allotted to Deutsche Bank Trust Company Americas as the Depository.

Inter State Board to consider Right Issue

Inter State Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 31, 2009, inter alia, to consider and approve the Unaudited quarterly financial results for the quarter ended on June 30, 2009 and other matter as per agenda of the Board meeting like Right Issue of Equity Shares, approval of director's report, fixing the date of AGM, Date of Book Closure etc.

NDTV - Allotment of Shares

New Delhi Television Ltd (NDTV) has informed BSE that the Allotment Committee of the Board of Directors of the Company at its meeting held on July 24, 2009, has made an allotment of 2500 (Two Thousand Five Hundred) shares to the eligible employees of the Company upon exercise of Options vested in them.

Bank of Baroda - Raising of Debt. Capital

Bank of Baroda has informed BSE that in order to support the business expansion plans, the Board of Directors of the Bank has inter-alia, approved a plan of raising debt-capital up to Rs 3500 crores during the Financial Year 2009-10, which is to be raised in suitable tranches during the year, depending upon the requirements from time to time, by way of innovative Perpetual Debt Instruments (IPDI) / Perpetual Non-Cumulative Preference Shares (PNCPS) - eligible to be reckoned as Tier-I capital as per RBI guidelines, and / or Upper / Lower Tier-II Debt Capital Instruments - eligible to be reckoned as Tier-II capital as per RBI guidelines, OR a combination of both.

Nuchem - Updates

Nuchem Ltd has informed BSE that on July 11, 2009 there was an unexpected breakdown in the boiler at the MDF Plant at Tohana, leading to force majeure closure of the Plant. The boiler is used for generating the steam for the process as well as for running the captive power plant. The Plant was normally expected to be back in line within 4-5 days of the closure, however, due to delay in availability of critical component, the closure had to be per force extended. The Plant is now expected to be operational by the week-end and the operations are expected to be normalised in next two days thereafter. In this way, the MDF operations of the Company have recorded a set-back during this month. The MDF operations constitute about 75% of manufacturing operations of the Company.

Nuchem - Updates

Nuchem Ltd has informed BSE that at the request of the Company, the Registrar of Companies, NCT of Delhi and Haryana, has granted 3 months extension of time for the purpose of holding next Annual General Meeting (AGM) of the company, vide its approval letter dated March 30, 2009 read with the letter dated July 02, 2009. In view of this, the next AGM of the Company has to be held on or before September 26, 2009. The Company will announce the dates for the next AGM and the closure of Register of Members in the due course of time.

Adlabs Films fixes Record Date for Scheme of Arrangement

Adlabs Films Ltd has informed BSE that the Company has fixed "August 07, 2009" as Record Date for the purpose of Determination of the Shareholders of the Adlabs Films Ltd entitled to receive shares of Reliance Media World Ltd (formerly Reliance Unicom Ltd) in the ratio of 1:1 in terms of the Scheme of Arrangement between Adlabs Films Ltd, Reliance Media World Ltd (formerly Reliance Unicom Ltd) and their respective shareholders and creditors.

Thursday, July 23, 2009

Sayaji Hotels - Lapsed of Share Warrants

Sayaji Hotels Ltd has informed BSE that :

"This has reference to the allotment of 50,00,000 Shares Warrants made by the Company on January 23, 2008 on a preferential basis to M/s Ahilya Hotels Ltd (Promoter) and Mr. Yusuf Ibrahim Soni (Other) @ 80/- per share warrants as per SEBI (DIP) Guidelines in pursuance
of the approval accorded by the Members of the Company at the AGM held on September 29, 2007 and in respect of which in principal approval was granted by the regulatory authority.

The holders of each warrant were entitled to apply for and obtain allotment of one Equity Share against each Warrant at the rate of Rs. 80/- per share. The Company had received Rs.8/- against each Warrant at the tine of allotment, i.e. on January 23, 2008 as application money.

As per the provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000, the Warrant Holders can exercise the right for conversion of Warrants into Equity Shares within 18 months from the date of the allotment i.e. within 18 months from January 23, 2008 by paying the balance amount.

Further note that above Share Warrant Holders have not exercised their right for conversion of the Warrants into shares within the time stipulated that was July 22nd, 2009 under the preferential guidelines. Accordingly, the aforesaid Warrants now stands lapsed."

OCL Iron and Steel - Updates on Open Offer

ICICI Securities Ltd ("Manager to the Offer") has informed BSE regarding Open Offer by Garima Buildprop Pvt Ltd for acquisition of upto 20% of the fully paid-up equity share capital and voting rights of OCL Iron and Steel Ltd.

This is in continuation of and should be read in conjunction with the Public Announcement ("PA") Published on June 03, 2009, Pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, and subsequent amendments thereto (the "Regulations"), Garima Buildprop Pvt Ltd ("Acquirer"), along with the person acting in concert Gateway Impex Pvt Ltd ("PAC") had announced making an offer to the public shareholders of OCL Iron and Steel Ltd ("Target Company" /"OISL"), to acquire up to 26,828,632 fully paid-up equity shares of OISL, representing 20% of the fully paid-up equity share capital and voting rights of OISL at a price of Rs 21 per equity share of face value Re 1 each, payable in cash (the "Offer").

ICICI Securities Ltd is acting as the Manager to the Offer. As Manager to the Offer, pursuant to Regulation 18 (1) of the Regulations, the draft Letter of Offer was submitted to Securities and Exchange Board of India ("SEBI") on June 16, 2009, Subsequently, SEBI had sought a few clarifications on the draft Letter of Offer and the same have been submitted to SEBI on July 21, 2009. The observations from SEBI on the draft Letter of Otter are awaited.

Hence, the schedule of activities as per the disclosure made in the PA will undergo change and the Offer will now not open on July 24, 2009 which was the "Date of opening of the Offer" as per the PA.

The revised schedule of activities in respect of the Offer will be announced separately after receiving SEBI's observations.

Wipro - Allotment of Equity Shares

Wipro Ltd has informed BSE that Administrative Committee of the Company's Board of Directors vide their Circular resolution dated July 23, 2009 resolved to issue and allot 37700 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.

ACC - Resignation / Appointment

ACC Ltd has informed BSE that :

"Mr. A Anjeneyan, Company Secretary has resigned from the Company's services with effect from July 25, 2009. The Board of Directors has at its Meeting held on July 23 2009, placed on record its appreciation of the valuable services rendered by Mr. A Anjeneyan during his association with the Company.

Mr. Sunil K Nayak who is presently Chief Financial Officer, will take additional charge as Company Secretary and Head Compliances with effect from July 25, 2009. Accordingly Mr. Sunil K Nayak will be the Compliance Officer pursuant to clause 47 of the Listing Agreement with the Stock Exchange/(s).

Mrs. J N Dhondy has been appointed in Charge of Investor Relations for the purpose of National Securities Depository Ltd and Central Depository Services Ltd."

MRPL - Press Release

Mangalore Refinery & Petrochemicals Ltd (MRPL) has submitted to BSE a copy of the Press Release dated July 23, 2009 stating that "ONGC board in its meeting held on July 23, 2009 has approved the Investment proposal of MRPL for installation of a Polypropylene unit integrated with the MRPL Phase-3 complex facilities, which is under implementation, with an estimated Capex of Rs 1803.78 Crores"

ACC - Allotment of shares

ACC Ltd has informed BSE that at the Meeting of the Shareholders / Investors Grievance Committee of the Board held on July 23, 2009.

5,400 shares were allotted against exercise of Employee Stock Options under the ESOS Scheme as under:

- ESOS 2004 : 5,400 shares

Consequently, the paid up Share Capital of the Company has increased from 18,76,96,022 shares to 18,77,01,422 shares of Rs 10/- face value, as of date.

KEC International - Revised Press Release

With reference to earlier annoucement dated July 23, 2009 regarding KEC International wins domestic orders worth Rs 471 crores, KEC International Ltd has now informed BSE that inadvertently the date of completion of the two orders from North East Transmission Company Ltd has been wrongly mentioned as February 2010 instead of February 2012. The Company have submitted to BSE revised Press Release.

Indage Vintners - Allotment of Equity Share Warrants

Indage Vintners Ltd has informed BSE that pursuant to the Special Resolution passed by the shareholders at the Extra Ordinary General Meeting (EGM) held on July 04, 2009, the Company has allotted on July 18, 2009, on preferential basis, 1,03,00,000 Equity Share Warrants carrying an entitlement to apply for equivalent number of Equity Shares of Rs 10/- each, before the expiry of 18 months from the date of allotment of the Equity Share Warrants at a price of Rs 88/- per equity share to be allotted on conversion to the specified investors as mentioned in the Notice convening the Extra Ordinary General Meeting.

Zensar Technologies Board approves Buyback

Zensar Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 23, 2009, has approved the buyback of equity shares of the Company at a price not exceeding Rs 165/- per equity share and an aggregate amount to be expended by the Company for the buyback not exceeding Rs 40.00 Crores in accordance with the provisions of the Companies Act, 1956. The buyback would be subject to customary / statutory approvals and is also subject to the approval of the shareholders of the Company by means of a postal ballot.

The Board has formed a Committee of Directors and has delegated powers to take all steps to effect the buyback and decide all issues & matters In this respect.

The promoters of the Company have indicated their Intention to participate in the proposed buyback. The details of the extent of their participation will be made available in the explanatory statement annexed to the notice of postal ballot for the special resolution, to be approved by the shareholders of the Company.

The public announcement setting out the detailed timeline for the buyback and other statutory details will be released in due course in accordance with the SEBI (Buy Back of Securities) Regulations, 1998, as amended.

Steel Strips Wheels - Non conversion of Warrants into Equity Shares

Steel Strips Wheels Ltd has informed BSE that the Company had allotted 347663 convertible warrants to Sh. Dheeraj Garg (one of the promoter of the Company) on preferential basis, under the SEBI (Disclosure and Investor Protection) Guidelines, 2000 on January 24, 2008. Each of these warrants was convertible into one equity share of Rs 10/- each at a price of Rs 170/- up to July 23, 2009 at the option of the allottee.

Now the allottee has informed that he will not exercise his option to convert the said warrants into equity share. Therefore, the Company have forfeited amount of advance @ 10% of per warrant (which were paid by the allottee at the time of allotment of aforestated warrants) in accordance with SEBI guidelines.

Sutlej Textiles - Updates

Sutlej Textiles & Industries Ltd has informed BSE that the following changes have occurred in the Directorship of the Company:

1. Shri Rajiv K Podar was appointed as an Additional Director of the Company.

2. Addendum, to the Notice dated May 15, 2009 to the Shareholders regarding the Annual general Meeting dated August 28, 2009, was approved by the Board.

Asian Tea - Updates

Asian Tea & Exports Ltd has informed BSE that the Company have signed a contract for export of tea worth 16 Million US Dollar from an overseas buyer for execution during the current year.

The Company is a Government of India recognized Export House with business turnover in excess of Rs 100 crores.

Wednesday, July 22, 2009

Indo Green Board approves Right Issue

Indo Green Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2009, inter alia, has approved the following:

1. Increase in Authorised Share Capital from Rs 10 Crores to Rs 15 Crores by creation of 50,00,000 Equity Shares of Rs 10/- each subject to the shareholders approval at the ensuing Annual General Meeting.

2. Right Issue of shares upto 55,00,000 Equity Shares having face value of Rs 10/- each in the course of the current year subject to necessary approvals.

Hit Kit - Updates

Hit Kit Global Solutions Ltd has informed BSE that at the Annual General Meeting held on July 22, 2009, has passed the resolution for Appointment of Mr. Anand Agarwal (who was the Whole Time Director of the Company) as the Managing Director of the Company for a period of 5 (five) years w.e.f. July 16, 2009 to July 15, 2014. He will also be the designated 'Chairman' of the Company.

Mr. Anand Agarwal was nominated as the director on the Board of the Company on July 15, 2006 by the promoter Company Webnet Infoways Ltd who are having sole management control of the Company.

Sesa Goa - Allotment of equity shares

Sesa Goa Ltd has informed BSE that in terms of Special Resolution passed by shareholders at Extraordinary General Meeting held July 09, 2009, the Committee of Board of Directors, at its Meeting held on July 22, 2009, allotted 3,32,74,000 equity shares of Re 1/- each at a premium of Rs 160.46 per equity share to Promoters entity "Twin Star Holdings Ltd". Consequently on allotment the paid up equity share capital of the Company stands increased from Rs 78,72,40,400 to Rs 82,05,14,400.

Vardhman Industries - Updates

Vardhman Industries Ltd has informed BSE that Persons Acting in Concert (PACs) with the promoters of the Company have purchased a total of 1,00,000 (one lac) Equity Shares of Rs 10/- each of the Company from open market in normal segment on the Stock Exchange the details of which are as under:

1. Date of Purchase: July 06, 2009
Name of PAC: Vikram Jain & Sons (HUF)
No. of Shares purchased: 1,00,000

As a consequence of this acquisition the promoters alongwith PACs have acquired a total of 1,84,000 equity shares representing 2.33% by way of creeping acquisition during the current financial year.

Mastek - Press Release

Mastek Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2009, inter alia, appointed Mr. John Dowd as Group President and CEO.

The Company has submitted to BSE a copy of Press Release dated July 22, 2009 titled "Mastek names John Dowd as President and CEO".

Piramal Healthcare - Results Press Release

Piramal Healthcare Ltd has informed BSE regarding a Press Release dated July 22, 2009 titled "Piramal Healthcare Reports Q1 FY2010 Results; Consolidated Revenues up for the Quarter by 16.0% to Rs 8.2 billion, Operating Profit up by 34.0% to Rs 1.6 billion, Net Profit up by 25.0% to Rs 851.0 million"

Kalpena Industries - Updates

With reference to earlier annoucement dated July 18, 2009 regarding cancellation of Preferential Allotment of CCDs, Kalpena Industries Ltd has now informed BSE that Board of Directors of the Company at its meeting held on June 27, 2009, has cancelled the allotment of 9,50,000 CCDs of Rs 10/- each at a premium of Rs 83.15/- to (1) Banyan Tree Growth Capital ('BTGC') and (2) Financiering Maatschappij Voor Ontwikkelingslanden N V ('FMO' which term shall include their affiliates and nominees), due to certain disputes arose with them. The Company in compliance with Regulation 13.4.3 of SEBI (DIP) Guidelines, 2000 has not issued any CCDs to the allottees.

Further the Company has informed that the COmpany is not proposing any Preferential Issue of CCDs to the Investors.

Jaiprakash Associates - Updates

Jaiprakash Associates Ltd has informed BSE that July 21, 2009 was the last date for conversion of outstanding 4 Crore Convertible Warrants issued by the Company, on Preferential basis, on January 22, 2008.

Since the Company has not received the balance amount payable for conversion of the said Warrants into Equity Shares, the option of the Allottee of Warrants stands lapsed and, as per the terms of the Issue, the advance received against the said Warrants stands forfeited.

MM Rubber - Updates

MM Rubber Company Ltd has submitted to BSE a copy of publication of Notice published in financial daily on June 15, 2009 in the matter of shifting of Registered Office of the Company from "Plot No. 44, SPICOT Industrial Estate, Ranipet - 632403" to No. 29 "Empire Infantry", 3rd Floor, Infantry Road, Bangalore - 560 001"

Tech Mahindra - Resolution of Compensation Committee Meeting

Tech Mahindra Ltd has informed BSE that the resolution passed by the Compensation Committee of the Board of Directors of the Company in its meeting held on July 22, 2009, for grant of 24,500 stock options (covering 24,500 equity shares of the Company) at an exercise price of Rs 813 per share {being the latest available closing price on The National Stock Exchange of India Ltd as of July 21, 2009} to certain employees of the Company and / or its holding and subsidiary Companies, under Employee Stock Option Plan 2006 (ESOP 2006) of the Company.

Tata Power prices GDR Issue

With reference to earlier announcement dated July 21, 2009, Tata Power Company Ltd has now informed BSE as under:

(1) Size of the Issue

- The Committee has approved an equity offering in the form of Global Depository Receipts (GDRs) on the terms described herein. The gross proceeds of the offering will be approximately US$335 million.

(2) Number of Shares Issued

The Company will be issuing 14,838,110 GDRs, each GDR representing one equity share of the Company.

(3) Price of the GDRs

The price of each GDR will be US$22.577, which has been determined in accordance with the applicable Indian pricing guidelines for GDRs.

Goldman Sachs International and J.P. Morgan Securities Ltd are acting as Joint Lead Managers and Joint Bookrunners to the offering and SBI-CAP (UK) Ltd as the co-lead Manager.

Application has been made for the GDRs to be listed on the official list of the Luxembourg Stock Exchange and to be admitted to trading on the EuroMTF market of the Luxembourg Stock Exchange.

Tuesday, July 21, 2009

NRB Bearings - Updates

With reference to the earlier announcement dated May 18, 2009 regarding the workmen of Hyderabad plant have gone on strike, NRB Bearings Ltd has now informed BSE that the strike has been called off effective July 14, 2009.

The Company has also signed a three year prospective settlement with the workmen wherein increased emoluments are payable to the workmen subject to their achieving mutually agreed productivity norms.

Tata Power - GDR Issue

Tata Power Company Ltd has informed BSE that the Company's Board of Directors had authorized the Finance Committee of Directors to finalize the form and structure of the securities to be issued, pricing, tenor, interest rate, conversion premium, redemption period, redemption price, call and / or put options and other terms and conditions relating to the issue including amendments and modifications thereto as they may deem fit and to do any acts, deeds, matters or things in connection with or incidental thereto.

After the approval of the Committee, the Company on July 21, 2009 has launched a GDR issuance of USD 250 million with an option to retain higher amount.

Jindal Steel - Allotment of shares under ESOS

Jindal Steel & Power Ltd has informed BSE that the Sub-Committee of Directors at its meeting held on July 21, 2009, has allotted 4,20,487 equity shares of Re 1/- each in accordance with the terms of Employees Stock Option Scheme (ESOS-2005). Consequently with effect from July 21, 2009 the issued and subscribed share capital of the Company stands increased to Rs 15,51,30,306.00 divided into 15,51,30,306 equity shares of Re 1/- each.

SMS Pharmaceuticals - Updates

SMS Pharmaceuticals Ltd has informed BSE that on the intervening night of July 19, 2009 the officials of Andhra Pradesh Pollution Control Board (APPCB), Hyderabad inspected Company's Unit-IV situated at Plot No.66/B/2, Phase-I, IDA, Jeedimetla, Rangareddy Dist., A.P. The APPCB issued Closure orders vide their letter dated July 20, 2009 alleging "manufacturing new products and exceeding consented capacities", which is under investigation. Further the Company has informed that, it has all the pollution control systems and hence would tide over this issue.

The Company is having four manufacturing facilities in addition to the above unit and all are operating without any impediments.

CMI FPE - Press Release

CMI FPE Ltd has submitted to BSE a Press Release stating that the Company have been awarded a contract by Indian Steel Corporation Ltd, and SAFAL Group, for supply of Continuous Galvanizing line of 250,000 tpa capacity with products up to 1.6 mm thickness and 6 Hi Reversing Cold Rolling Mill of 200,000 tpe production capacity with products of 0.12 to 1.6 mm thickness respectively.

Suzlon Energy - GDR and FCCB issuance

With reference to the earlier announcement dated July 20, Suzlon Energy Ltd has informed BSE that the issue of GDRs has been priced on July 21, 2009 for a total amount US$ 108.04 million comprising of 14,600,000 GDRs. The price per GDR is fixed at US$ 7.40. Each GDR would represent four equity shares of the Company.

Further, fresh issue of US$ 90.00 million Zero Coupon Convertible Bonds has been priced on July 21, 2009 for a total amount of US$ 93.87 million (issue price of 104.3%) and the initial conversion price has been set at Rs 90.38 per share.

The Company has thus raised a total amount of US$ 201.91 million through both the issuances.

Vision Corporation - Updates

Vision Corporation Ltd has informed BSE that the Company had applied to Information & Broadcasting Ministry for three satellite channels very long time back and after going through several approvals through different divisions of government, the Company has now received the permission from Government to go on air for the following three channels.

VISION TV SHIKSHA - This channel is based on education, there will be various informative programs aired on this channel to Inform and elevate the general masses. The Company has already planned certain concepts to be shown and is also prepared and is preparing for more knowledgeable concepts to educate the society in all areas.

VISION TV ENTERTAINMENT - This channel will be a total entertainment channel on which the movies and serials will be telecasted, the Company has already produced and owns the rights of more than 200 movies and also have the satellite rights for more than 300 other movies, so it's all set and planned for this channel. The Company has plans to produce some more movies by the end of this financial year.

VISION TV MUSIC - This channel will be based on music and entertainment, for which the Company's owned music, is more than 1000 albums of Bollywood as well as different audio / video albums.

Hindustan Zinc - Clarification

With reference to news item appearing in media regarding Vedanta may buy 29.5 percent stake in Hindustan Zinc Ltd, Hindustan Zinc Ltd has clarified to BSE that "The Group Chairman Mr. Anil Agarwal, in an interview with the media on query from the Journalist, expressed the willingness to purchase the residual stake in Hindustan Zinc Limited from Government of India."

Tata Steel prices GDR Issue

Tata Steel Ltd has informed BSE that the Board of the Company had authorized the Committee of the Board to consider and approve raising of long term capital by the Company including the quantum, size, terms and type of security as permissible under the existing Shareholders' Resolutions. The Committee at its meeting held on July 20, 2009, had approved the launch of a GDR issuance. Subsequently, it has approved the following

(1) Size of the Issue:

The Company has priced an equity offering in the form of Global Depository Receipts ("GDRs") for a gross amount of US$ 500 million.

(2) Number of Shares Issued:

The Company will be issuing 65,410,589 GDRs, each GDR representing one ordinary share.

(3) Price of the GDRs
Each GDR has been priced at US$ 7.644 as per the relevant pricing guidelines for GDRs
Citigroup Global Markets Limited, Goldman Sachs International, J.P. Morgan Securities Limited and UBS Limited are acting as Joint lead Managers and Joint Bookrunners to the issue.

The GDRs will be listed on the Professional Securities Market of the London Stock Exchange.

Monday, July 20, 2009

Suzlon Energy - GDR Issuance

Suzlon Energy Ltd has informed BSE that in terms of the recommendation of the Board of Directors of the Company at its meeting held on May 20, 2008 and as approved by the shareholders at the Thirteenth Annual General Meeting of the Company held on July 30, 2008, the Securities Issue Committee of the Board of Directors of the Company has been anthorised to decide on the terms for appropriate mode of further issue of equity shares, GDRs, ADRs, FCCBS, SPNs and / or any other securities convertible into or linked to Equity Shares to the extent of Rs 5000 Crores.

Accordingly, the Securities Issue Committee of the Board of Directors of the Company at its meeting held on July 20, 2009 has approved the issuance of Global Depository Receipts
("GDRs") with each GDR representing Four Equity Shares, to be listed on the Luxembourg Stock Exchange and has decided to open the Issue on July 20, 2009.

Indo Zinc - Updates

Indo Zinc Ltd has informed BSE that the Company has received a Disclosure from ICL Financial Services Ltd (ICLFSL), the wholly owned subsidiary of The India Cements Ltd (ICL), that ICLFSL has entered into a Share Purchase Agreement on July 19, 2009 with the promoters of the Company for purchase of 17,87,700 equity shares of Rs 10/- each fully paid up constituting 39.84% of paid up equity share capital of the Company. And that their existing holding in the Company was 13% of the paid up equity share capital of the Company. And that ICLFSL, in its capacity as acquirer, is in the process of complying with the relevant provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. ICL is a Person Acting in Concert with ICLFSL in the said takeover.

Suzlon enters Bulgarian wind market

Suzlon Energy Ltd has informed BSE about the signing of an agreement by Suzlon with Technomash Bulgarian Industrial Group to deliver 12.6 MW of capacity through six numbers of Suzlon S88-2.1 MW wind turbines. The project will come up in the province of Dobrich in North-East Bulgaria, and be supplied in financial year 2009-2010.

Mphasis - Exercise of Stock Options

Mphasis Ltd has informed BSE that the exercise of the following stock options have been approved by the ESOP Committee of the Company.

1. Scheme: 1998 Plan Version I & II
Options Exercised: 160

2. Scheme: ESOP 2000 plan
Options Exercised: 7,925

3. Scheme: ESOP 2003 plan
Options Exercised: 750

4. Scheme: ESOP 2004 plan
Options Exercised: 7,106

Total : 15,941

The terms and time period of exercise of the stock options is as per the relevant ESOP Schemes.

Supertex Industries Board approves Sub-Division of Shares

Supertex Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 17, 2009, inter alia, has decided the following:

1. The Company has decided to raise the funds for Expansion / Acquisition via Preferential Issue by allotting 1,00,00,000 (One Crore Only) Convertible Equity Warrants of Rs 10/- each, to various allottees (Promoters / Non-Promoters), the pricing and other formalities would be as per the SEBI (DIP) Guidelines.

2. Board has approved the Sub-division of One Equity shares of Rs 10/- each into Ten Equity shares of Re 1/- each.

India Cements - Updates

India Cements Ltd has informed BSE that the Company has received information from ICL Financial Services Ltd (ICLFSL), the Company's wholly owned subsidiary, that ICLFSL has entered into a Share Purchase Agreement on July 19, 2009 with the promoters of Indo Zinc Ltd (IZL) for purchase of 17,87,700 equity shares of Rs 10/- each fully paid up in IZL constituting 39.84% of its paid up equity share capital. And that their existing holding in IZL was 13% of IZL's paid up equity share capital. And that ICLFSL, in its capacity as acquirer, is in the process of complying with the relevant provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.

The Company is a Person Acting in Concert with ICLFSL in the said takeover.

Escorts - Updates on Scheme of Arrangement

With reference to the earlier annoucement dated June 19, 2009, Escorts Ltd has informed BSE that the meeting of the Equity Shareholders of the Company as directed by the Hon'ble High Court of Punjab and Haryana at Chandigarh was convened on July 12, 2009.

Sh. R C Setia (Sr. Advocate, Punjab and Haryana High Court), Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Punjab and Haryana High Court dated May 15, 2009. The Scheme of Arrangement ("Scheme") was approved by requisite majority of the Equity Shareholders present either in person or by proxy or as authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Punjab & Haryana at Chandigarh on July 18, 2009.

The said Scheme shall now be presented for approval and consideration of the Hon'ble High Court of Punjab and Haryana at Chandigarh.

TV Today - Closure of Buy-back of Equity Shares

TV Today Network Ltd has informed BSE that with reference to Public Announcement (PA) dated February 28, 2009 read with corrigendum dated March 13, 2009 in connection with the Buy-back of Equity Shares of Rs 5/ each of the Company. In terms of the said PA and powers given to the Committee of Directors by the Board of Directors, the Committee vide its resolution dated July 19, 2009 has decided that the Company having purchased the requisite minimum number of Equity Shares, to close the buy-back with effect July 25, 2009 subject to completion of all statutory and other regulatory requirements. Accordingly acceptance of all Equity Shares bought back and completion of all payment obligations in the respect thereof shall take place on or prior to July 25, 2009.

In view of the above, no order for the buy-back shall be placed after July 22, 2009. As on date of this intimation, the Company has bought back 2,44,884 Equity Shares for an aggregate amount of Rs 197.26 lacs.

Suzlon Energy - Updates

Suzlon Energy Ltd has informed BSE that pursuant to certain conditions being satisfied under the Consent Solicitation Memorandum dated June 17, 2009 issued by the Company it is required to launch an offering of zero coupon convertible bonds through reputed lead managers / initial purchasers in the international capital markets on a date no later than 2 Business Days after satisfaction of such conditions with an aggregate principal amount of up to US $ 70 million with an option to upsize the issue size to up to US$ 90 million. The Conditions to the Launch of the New Bonds Offering have been satisfied on July 17, 2009. The initial conversion price of the convertible bonds will be the higher of (i) the Volume Weighted Average Price for the 10 consecutive trading days ending on the Launch Date; and (ii) the regulatory floor price as determined in accordance with applicable regulations of the Ministry of Finance, Government of India and the RBI regulations. The convertible bonds to be issued pursuant to the offer shall be issued at 104%-105% of the face value.

Saturday, July 18, 2009

Salzer Electronics shareholders approves Scheme of Amalgamation / Merger

Salzer Electronics Ltd has informed BSE that the shareholders of the Company at its Court Convened Meeting held on July 18, 2009, have approved the Scheme or Amalgamation / Merger of Salzer Cables Ltd with the Salzer Electronics Ltd ("the Company"), subject to the sanction of the Scheme by the Honourable High Court of Judicature at Madras.

Financial Technologies - Updates

Financial Technologies India Ltd has informed BSE that the Company has signed an agreement on July 18, 2009 and has sold (secondary sale) 5% stake in the present equity share capital of MCX Stock Exchange Ltd (MCX-SX) to IFCI Ltd (IFCI) at Rs 35/- per equity share.

This sale has been done to comply with the regulatory requirements and is the first divestment of the secondary sale process initiated by the Company.

WS Industries - Outcome of Share Allotment Committee Meeting

WS Industries India Ltd has informed BSE that the Board of Directors at its Meeting held on January 28, 2009 approved the issue of 3,50,000 Non - Convertible Cumulative Redeemable Preference Shares of Rs 100/- each to M/s. Vensunar Pvt. Ltd, one of the Promoters of the Company, by way of private placement pursuant to the approval of the shareholders at the Extra Ordinary General Meeting held on January 23, 2008.

The entire subscription amount of Rs 3,50,00,000/- has since been received from M/s.
Vensunar Pvt. Ltd and accordingly the Share Allotment Committee at its Meeting held on July 13, 2009 allotted 3,50,000 Non - Convertible Cumulative Redeemable Preference Shares of Rs 100/- each with a coupon rate of 10% p.a. to the said Promoter.

The said Preference Shares are redeemable on or before February 28, 2013.

Ind Tra Deco fixes Record Date for Bonus Issue

Ind Tra Deco Ltd has informed BSE that July 28, 2009 has been fixed as the Record Date for determining the eligibility of shareholders entitled to receive the Bonus Shares in the Ratio of 2:3 (Two Fully paid Equity Shares for every Three Equity Shares held).

Chambal Fertilisers - Updates

Chambal Fertilisers & Chemicals Ltd has informed BSE that the Company has been informed by M/s. Zuari Industries Ltd, one of the Company's promoters of the Company, vide their letter dated July 17, 2009 that the Shareholders Agreement dated June 01, 1990 entered between M/s. Zuari Industries Ltd and M/s. Haldor Topse A/S, Denmark, has been terminated with effect from May 26, 2009 and consequently M/s. Haldor Topsoe A/S ceases to be a 'Person Acting in Concert' with the promoters of the Company.

Friday, July 17, 2009

NTPC signs MOU with Government of Chhattisgarh

National Thermal Power Corporation Ltd (NTPC) has informed BSE that the Company has signed a Memorandum of Understanding (MOU) on July 12, 2009 with the Government of Chhattisgarh for establishing a 4000 MW coal based thermal power project having 5 units of 800 MW each at Lara in Raigarh District of Chattisgarh subject to establishment of techno-commercial feasibility.

The Company has also signed MoUs with Govt of Chhattisgarh for setting up an International Institute of Information Technology (IIIT) and an Industrial Training Institute (ITI) in the state of Chhattisgarh to accelerate economic development and employability of skilled / semi-skilled workforce in industries.

Hindustan Dorr - Updates

With reference to the earlier annoucement dated on June 01, 2009 regarding appointment of Mr. Ashok Kumar Basu as an Additional Director on the Board of the Company, Hindustan Dorr Oliver Ltd has now informed BSE that his Directorship will take effect from September 01, 2009 as desired by him.

S&S Power - Updates

S&S Power Switchgear Ltd has informed BSE that the Company has received the approvals from Registrar of Companies, Tamil Nadu granting approval for the extension of Financial Year upto March 31, 2009 and also extension of time to hold the Annual General Meeting of the Company by three months.

National General - Updates

National General Industries Ltd has informed BSE that an industrial plot at Industrial Area Kahrani (Bhiwadi Extension), Distt. Alwar, Rajasthan, has been allotted to the Company by Rajasthan State Industrial Development & Investment Corporation Ltd (RIICO Ltd.), Bhiwadi, Rajasthan, vide their letter dated July 14, 2009. The Company has planned to set up a steel casting facility at the said industrial plot.

NEPC India - Press Release

NEPC India Ltd has informed BSE that the Company is establishing an SEZ (Special Economic Zone - approved by Government of India) near Coimbatore in Tamil Nadu for manufacturing of NON-CONVENTIONAL ENERGY including SOLAR ENERGY based products. The Company has submitted to BSE a Press Release in this regard.

Sasken Communication - Grant of Stock Options

Sasken Communication Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 17, 2009, 20,000 stock options were granted to 4 Independent Directors, viz. Dr. Ashok Jhunjhunwala, Mr. Bansi S Mehta, Prof. J Ramachandran and Mr. Bharat V Patel aggregating 80,000 options at a price of Rs 52 per option under ESOP Plan 2006.

The vesting of the options will be within a 3 year period, with 37% vesting at the end of year 1 (7,400 options) on July 17, 2010 and 9% vesting each quarter thereafter (1,800 options), starting from October 01, 2010, over the next 7 quarters.

The options shall be exercised within 2 years from each date of vesting.

Indo Green Board to consider Right Issue

Indo Green Projects Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 22, 2009, inter alia, to transact the following:

1. To receive, consider and adopt Unaudited Financial Results of the Company for the quarter ended on June 30, 2009.

2. Increase in the Authorised Share Capital of the Company.

3. Issue of Right Shares.

Infomedia 18 - Grant of Options

Infomedia 18 Ltd has informed BSE that pursuant to the Company's Employees Stock Option Plan 2007 (ESOP 2007), the Compensation Committee of the Board of Directors has, at its meeting held on April 02, 2009, granted 9,67,500 Warrant (Stock Options). Upon vesting each such Warrant shall entitle the holder thereof to subscribe to one EQUITY SHARE in the Company at an exercise price of Rs 57.3. Maximum exercise period is three years from the issue of Warrant i.e. April 01, 2012 and would vest as per details given below:-.

1. Date of Vesting: First vesting on April 01, 2010
- No. of Options: 387000

2. Date of Vesting: Second vesting on April 01, 2011
- No. of Options: 290250

3. Date of Vesting: Third vesting on April 01, 2011
- No. of Options: 290250.

Jaybharat Textiles Board to consider Bonus Issue

Jaybharat Textiles & Real Estate Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 21, 2009, inter alia, to consider the following:

1. To consider and approve Unaudited Financial Results for the Quarter ended June 30, 2009.

2. To recommend issue of Bonus Equity Shares to Shareholders.

3. Further Issue of Shares u/s 81(1A).

4. To consider and decide alteration in authorize share capital clause of the MOA and AOA.

Dewan Housing - Allotment of equity shares to Promoters/Promoter Group

Dewan Housing Finance Corporation Ltd has informed BSE that at the Extra Ordinary General Meeting held on June 27, 2009, the members had approved and authorised the Company to issue of upto 1,00,00,000 equity shares of Rs 10/- each on preferential allotment basis to the Promoters/Promoter Group in terms of Chapter XIII of SEBI (DIP) Guidelines.

The Committee Board of Directors of the Company at its meeting held on July 16, 2009, has issued and allotted 53,50,000 fully paid-up Equity Shares of Rs 10/- each, at a price of Rs 141/- per Equity shares (including a premium of Rs 131/- per Equity shares), aggregating to Rs 75,43,50,000/- (Rupees Seventy Five Crore Forty Three Lakh and Fifty Thousand only).

The said equity shares shall rank pari-passu in all respects with the existing equity shares of the Company and will be locked-in as per the SEBI guidelines.

With the aforesaid allotment the paid up share capital of the Company stands increased to Rs 81,88,52,060/- divided into 8,18,85,206 Equity Shares of face value of Rs 10/- each.

Thursday, July 16, 2009

Abhishek Corporation - Updates

Abhishek Corporation Ltd has informed BSE that the Board of Directors of the Company on the recommendation of the Remuneration Committee, at its meeting held on June 29, 2009 has re-appointed

1. Mr. Anasaheb R Mohite as a Managing Director of the Company w.e.f. October 01, 2009 for a period of 3 years (i.e. from October 01, 2009 to September 30, 2012) and

2. Mr. Abhishek Mohite as a Director (Marketing & Strategy) of the Company for a further period of 3 years w.e.f. June 12, 2010 (i.e. from June 12, 2010 to June 11, 2013)

subject to approval of members at ensuing general meeting.

Hindalco Industries - Updates

Hindalco Industries Ltd has informed BSE that the Company has decided to close its Wheel Plant located at Silvassa having total capacity of 3 Lacs Wheels per annum. This, being an insignificant part of the operations, will not have any impact on the operations and financials of the Company. The Company are taking necessary steps to sell the assets of the plant.

Indo Green - Updates

With reference to the earlier annoucement dated June 27, 2009, regarding appointment of Mr. Major Singh as an Additional Director of the Company with immediate effect, Indo Green Projects Ltd has now informed BSE that Mr. Major Singh has intimated to the Company that he will not be able to take up the position at present due to personal reason and withdrawn his consent.

Wire & Wireless - Grant of Stock Options to Employees

Wire & Wireless India Ltd has informed BSE that in terms of the approval of the Shareholders of the Company at the Annual General Meeting of the Company held on September 18, 2007, approving Employees Stock Options Plan (ESOP) Scheme 2007, the Remuneration Committee of the Board of Directors at their meeting held on July 16, 2009 has approved grant of 28,08,800 Stock Options to 36 eligible employees. These Stock Options are convertible upon exercise, into equivalent number of Equity Shares of Re 1/- (Rupee One Only) each at an exercise price of Rs 17.45 (Rupees Seventeen and Paise Forty Five Only) per equity share i.e. the closing market price of the equity shares of the Company on the previous trading day at the National Stock Exchange of India Ltd being the exchange where highest volume traded on July 15, 2009.

Vision Corporation - Updates

Vision Corporation Ltd has informed BSE that the Company has produced 3 more commercial movies in Hindi language. Company plans to release the movies in next month in a gap of 1 week's time each. These films will be then made available on CD & DVD's and will also be released overseas. The Company will also benefit income by selling the satellite rights of this particular movies which will be telecasted through various channels.

Pritish Nandy - Updates

Pritish Nandy Communications Ltd has informed BSE that Artinvest India Pvt. Ltd, a promoter group Company has acquired 12,602 (0.09%) equity shares of the Company by market purchase and its holding has increased from 4,69,524 (3.25%) to 4,82,126 (3.33%) equity shares.

The holding of Promoters of the Company has increased from 50,64,274 (35.01%) equity shares to 50,76,876 (35.09%) equity shares.

Lanco Infratech - Updates

Lanco Infratech Ltd has informed BSE that in terms of the Share Purchase Agreement executed, consideration has been paid by the Company for the acquisition of the entire stake of DEG-DEUTSCHE INVESTITIONS-UND ENTWICKLUNGSGESELLSCHAFT MBH (a Financial Institution incorporated in the Federal Republic of Germany), of 3,95,82,450 Number of Equity Shares in Lanco Amarkantak Power Pvt. Ltd, a Subsidiary of the Company.

GE Shipping - Press Release

With reference to earlier announcement dated February 27, 2008 regarding GE Shipping contracts to sell two MR product tankers, Great Eastern Shipping Company Ltd (GE Shipping) has now informed BSE that the Company delivered its 2007 built double hull Medium Range (MR) product tanker "Jag Panna" (about 37,100 dwt) to the buyers.

The Company has issued a Press Release dated July 16, 2009 titled "Jag Panna delivered to the buyers".

Zee Entertainment - Results Press Release

Zee Entertainment Enterprises Ltd has informed BSE regarding a Press Release dated July 16, 2009 titled "Earnings Release for the quarter ended June 30, 2009; Consolidated 1Q FY2010 Revenues of Rs 4,759 million; DTH Subscription revenues record strong growth; sequential growth in operating profit margins"

Patni Computer - Grant of Options

Patni Computer Systems Ltd has informed BSE that the Compensation a Remuneration Committee of Directors of the Company, vide circular resolution dated July 06, 2009, has approved the grant of 1,480,700 RSUs at an Exercise Price of Rs 2/- per share to 540 eligible employees of the Company and its subsidiaries, under the Company's Stock Option Plan ("Patni ESOP 2003 (Revised 2008)").

Vinati Organics Board to consider Stock Split

Vinati Organics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 24, 2009, to take on record the unaudited financial result for the quarter ended June 30, 2009 and to consider grant of employee stock options to eligible employees as per ESOP 2008 Scheme and also to consider the splitting of existing equity shares of face value of Rs 10/- each.

Sterlite Industries - Press Release

Sterlite Industries India Ltd has informed BSE that the Committee of Directors of the Board of Directors of the Company in its meeting held on July 16, 2009 has approved the pricing of the ADS issue. The relevant date for pricing of the issue is July 16, 2009 as per the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipts Mechanism) Scheme, 1993, as amended (the "ADR Guidelines").

In this regard, the Company has issued a Press Release dated July 16, 2009 titled "Sterlite Industries (India) Limited Announces Pricing of ADS Equity Offering"

Wednesday, July 15, 2009

Lupin - Updates

Lupin Ltd has informed BSE that Lupin Holdings B.V. (LHBV) Netherlands, the wholly-owned subsidiary of the Company, has transferred its holdings in Max Pharma Pty Ltd. (Max). Australia (another wholly-owned subsidiary Company) to Generic Health Pty Ltd. (Generic), Australia, an associate of the Company. Consequently, LHBV's holding in Generic has increased from 38.45% to 48.11% and Max has ceased to be a subsidiary of the Company.

Jagatjit Industries - Updates

Jagatjit Industries Ltd has informed BSE that in a petition filed before the Hon'ble Company Law Board (CLB) under Sections 397 and 398 of the Companies Act, 1956 by a group of shareholders against the Company and its Directors, the CLB, vide their Order dated March 12, 2009, have directed that the Company (Jagatjit Industries Ltd) will buy the entire shareholding of the Petitioners by way of Buy-back of shares and consequently the equity share capital of the Company will stand reduced to that extent.

Details of the persons whose shares were directed to be bought back by the Company are as
given below:

1. Name of Shareholders : Aarzoo Investment & Trading Pvt Ltd
- No of shares : 1072000

2. Name of Shareholders : Ruheen Holdings Pvt. Ltd
- No of shares : 1776000

3. Name of Shareholders : Mrs. Daulat Jaiswal
- No of shares : 15648

4. Name of Shareholders : Mr. Jagatjit Jaiswal
- No of shares : 1440

5. Name of Shareholders : Ms. Ruheen Jaiswal
- No of shares : 16000

6. Name of Shareholders : Ms. Nishaat Jaiswal
- No of shares : 17500

7. Name of Shareholders : Mr. A P Jaiswal
- No of shares : 851408

8. Name of Shareholders : Blossom Investments Pvt. Ltd
- No of shares : 776000

9. Name of Shareholders : Talkatora Investments & Trading Co. Pvt. Ltd
- No of shares : 1268116

Total : 5794112

Accordingly, as per the directions of the CLB, the Company has paid the amount of consideration on June 08, 2009 and has received the share certificates. As per the directions of the CLB, the orders and directions were to come into effect on the date when the payment is made by the Company to the petitioners in terms of the order. Accordingly the order has become effective w.e.f. June 08, 2009.

Further, the Board of Directors at its meeting held on June 09, 2009 have ratified and confirmed the Buy-back of the 57,94,112 equity shares of the Company and the paid up capital of the Company stands reduced to 46,148,112 equity shares of Rs 10/- each aggregating to Rs 461,481,120/-. The share certificates of the shares acquired under Buy-back have been extinguished and the records of the Company updated.

GVK Power - Updates

GVK Power & Infrastructure Ltd has informed BSE that the Company had taken a resolution for the issue of further capital up to USD 500 million (Rs 2,500 Crores) through QIP and along with the same it had also taken a resolution to enable the Promoters to subscribe to 30,00,00,000 equity shares through convertible warrants.

The resolution to enable the Promoters and Promoter Group to subscribe to the equity of the Company through convertible warrants was approved with the express aim of allowing the
Promoters to claw back their holding to 55% of the outstanding capital.

As the Company has restricted its QIP to USD 150 million (Rs 716.85 Crores), the Promoters and Promoter Group shareholding in the Company has come down only to 54.25% of the outstanding share capital after QIP issue.

As the Promoters and Promoter Group are holding 54.25% of the current share capital of the
Company, which is only marginally lower than the threshold limit of 55%, the Promoters and
Promoter Group of the Company has decided that they would not like to subscribe to the
proposed convertible warrants offered by the Company.

Energy Development - Updates

Energy Development Company Ltd has informed BSE that 35,00,000 Warrants were allotted to Promoters and Non-Promoters' Group on January 15, 2008 @ Rs 200/- each. The allottees have paid Rs 20/- per warrant, being 10% of the subscription amount and had an option to apply for one equity share against each warrant, on or before expiry of eighteen months (i.e. July 14, 2009) from the date of allotment, by paying the balance subscription amount. However, till date none of the warrant holders have exercised their options.

Hence, in terms of Clause 13.1.2.3 (c) of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, the entire amount of Rs 7 crores received at the time of allotment of aforesaid warrants is forfeited.

Seamec - Updates

Seamec Ltd has informed BSE that the vessel originally scheduled to be deployed till July 15, 2009, brought to port for annual survey and inspection and remained in the port from June 11, 2009 to June 29, 2009.

Subsequently arrangement made with DULAM INTERNATIONAL LTD Dubai UAE on July 15, 2009 and the contract was extended for a firm period of 60 days with retrospective effect from June 29, 2009. The Contract value under the new arrangement would be approximate US$ 3.75 mil.

IAG Company - Open Offer

Microsec Capital Ltd ("Manager to the Offer") on behalf of Anjaniputra Ispat Ltd ("Acquirer") has issued this Public Announcement ("PA") to the Equity Shareholders of IAG Company Ltd ("Target Company"), pursuant regulations 10, 11 & 12 & other provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("Regulations"/ "SEBI (SAST) Regulations 1997" ).

The Offer:

The Acquirer is making an Open Offer to the shareholders of the Target Company to acquire 26,87,880 Equity Shares of Rs 10/- each representing 20% of the Post preferential allotment issued & paid up equity capital of the Target Company, at a price of Rs 12 (Rupees Twelve Only) per fully paid up Equity Share plus interest of Rs 0.75 per share payable in cash.

Schedule of Activities:

Specified Date - August 07, 2009

Date of Opening of the Offer - September 04, 2009

Date of Closing of the Offer - September 23, 2009

IL&FS Investment Managers Board approves Sub-division of equity shares

IL&FS Investment Managers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2009, inter alia, has approved the following subject to the approval of shareholders:

1. Sub-division of each Equity Share of the Company of the face value of Rs 10/- (Rupees Ten) each to five Equity Shares of the face value of Rs 2/- (Rupees Two) each.

2. Consequent alteration in the Share Capital of the Company and Memorandum and Articles of Association of the Company.

Orbit Corporation - Allotment of Equity Shares

Orbit Corporation Ltd has informed BSE that the Board of Directors of the Company vide their Circular Resolution dated July 15, 2009 has issued and allotted 80,93,686 Equity Shares of face value of Rs 10/- each at a premium of Rs 32.85 per Equity share, pursuant to the conversion of warrants. Accordingly the 80,93,686 warrants stands extinguished.

Country Condos - Updates on Board recommends Bonus Shares

With reference to the earlier annoucement dated July 15, 2009 regarding Board recommends Bonus Shares, Country Condos Ltd has now informed BSE that the ratio of Bonus Shares should be read as follows :

"Issue of Bonus Shares at the rate of 2:1 i.e. (2 Equity Shares for every 1 Equity Share held in the Company) and recommended to the members in the ensuing 22nd Annual General Meeting (AGM) approve the Bonus issue. Bonus shares will be allotted after obtaining the members approval in 22nd AGM."

Country Condos Board recommends Bonus Shares

Country Condos Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2009, inter alia, has transacted the following businesses:

1. Considered the issue of Bonus Shares at the rate of 1:2 i.e. (2 Equity Shares for every 1 Equity Share held in the Company) and recommended to the members in the ensuing 22nd Annual General Meeting approve the Bonus issue. Bonus shares will be allotted after obtaining the members approval in 22nd AGM.

2. Approved the issue of 1,70,00,000 convertible warrants to the proposed promoters of the Company.

3. Approved to raise funds by issue Global Depository Receipts, issue of Equity Shares under Qualified institutional Placement mechanism etc.

Kushagra Software - Updates

Kushagra Software Ltd has informed BSE that :

"Concurrent (India) Infrastructure Ltd, Formerly Known as Kushagra Software Ltd, is invited by Ministry of Road Development, Housing & Construction, Tourism, Srilanka for setting of New Projects in Srilanka.

Concurrent India is deputing its top management, under the leadership of Mr. K Sudhir Babu, Director & CEO for the meeting with Ministry Officials.

Commenting on this Mr. K Sudhir Babu, Director & CEO stated that, it is an opportunity for our upcoming Company to show case its skills in the power sector turnkey execution projects and we intend to bid for power projects in co-operation with Government of Srilanka."

Ashapura Minechem - Updates

Ashapura Minechem Ltd has informed BSE that the Company understand from Ashapura Minechem (UAE) FZE, the wholly Owned Subsidiary of the Company in UAE, that it has divested its entire shareholding and consequently withdrawn from 'Ashapura Zawawi Minerals LLC' a Joint Venture Company incorporated in the Sultanate of Oman.

Accordingly, Ashapura Minechem (UAE) FZE is no longer associated with the said Joint Venture in Oman nor the Joint Venture Partners - M/s. Alawi Enterprises LLC.

Zenotech Laboratories - Updates on Open Offer

ICICI Securities Ltd ("Manager to the Offer") for and on behalf of Daiichi Sankyo Company Ltd ("Acquirer") has informed BSE and to the Equity Shareholders of Zenotech Laboratories Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") Published on January 19, 2009 pursuant to which, the Acquirer had made an open offer to the equity shareholders (other than the parties to the Share Purchase and Share Subscription Agreement dated June 11, 2008) of Target Company and the corrigendum published on March 02, 2009 ("First Corrigendum") and the corrigendum published on July 10, 2009 ("Second Corrigendum").

This announcement is being issued pursuant to Regulations 10 and 12 of and as required by under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended ("Regulations").

On July 14, 2009, following the close of working hours, the Manager to the offer has received a copy of an order passed by the Hon'ble Madras High Court (Madurai Bench) in connection with the Offer ("Order") from Laxman Annamalai vide e-mail and Sri Lakshmi Narayanan through fax. By its order, the Hon'ble Madras High Court (Madurai Bench) has granted an interim injunction in connection with the Offer.

In view of the receipt of the Order before July 15, 2009, the shareholders of Target Company are requested to note that the Offer will not open as on July 15, 2009, as informed in the schedule of activities provided in the Second Corrigendum. The shareholders of Target Company are hereby advised and are requested not to tender any shares held by them and no shares, either in dematerialized or physical form, will be accepted until an announcement is made in respect of the revised schedule of activities for the Offer.

Additional details in connection with the status of the Offer will be provided by way of a corrigendum.

The terms not defined herein will have the same meaning as defined in the Letter of Offer or the PA or the First and Second Corrigendum.

Fortis Healthcare - Updates

Fortis Healthcare Ltd has informed BSE that in terms of "Employee Stock Option Plan - 2007", the Remuneration Committee of the Company on July 14, 2009, has approved granting of 7,63,700 (Seven Lacs Sixty Three Thousand Seven Hundred) Stock Options, on the following terms:

1. No. Of Shares covered - 7,63,700 Equity Shares;

2. Vesting Period - 5 years @ 20% every year;

3. Exercise Price - Rs 77.00; and

4. Maximum Exercise Period - Ten years from the date of grant.

It may further be noted that till date 12,55,700 (Twelve Lacs Fifty Five Thousand Seven Hundred) options have been granted under the Plan (including 7,63,700 options granted as above) covering same number of Equity Shares.

Tuesday, July 14, 2009

OnMobile Global - Updates

OnMobile Global Ltd has informed BSE that the Company signs Business Agreements with Telefonica Internacional, S.A.U. Spain (Telefonica), for exclusive long-term market rights to deploy wide range of value added services in 13 countries in Latin America.

Nicco Corporation - New Orders Received by Nicco Corporation, Project Division

Nicco Corporation Ltd has informed BSE that the Company has been awarded with 2 new lumpsum Turnkey Project Order: one from TATA Steel & the other from SAIL aggrcgating to Rs 94.4 crores as per details in the note attached.

Aban Offshore - Updates

Aban Offshore Ltd has informed BSE that:

"This Notice has reference to the equity shares originally issued by the erstwhile M/s. Hitech Drilling Services India Limited (Hitech) for which the final call notice was made on 28.09.1991. Hitech was subsequently merged with Aban Offshore Ltd. (formerly Aban Loyd Chiles Offshore Ltd.) (Aban) and 2 equity shares of Rs 10/- each of which Rs 5/- per share was paid-up were Issued for every 5 partly paid up equity shares held in Hitech. Subsequently each equity share of the face value of Rs 10/- per share was split into 5 shares of Rs 2/- per share. The Partly paid equity shares of Rs 10/- each in which Rs 5/- per share were paid up were consequently split into 5 Partly paid up equity shares of Rs 2/- per share of which Re 1/- per share was paid up. The members holding partly paid shares in Aban be and are hereby advised to pay the balance amount of Re 1/- per share towards face value and interest @18% p.a from 5.11.1991 as per the Final call Notice dated 28.09.1991 issued by Hitech. The Board of Directors of Aban has at its meeting held on 14th July, 2009 fixed the record date as 24th July 2009 for this purpose".

Rain Commodities - Updates

Rain Commodities Ltd has informed BSE that the Company has sold 17,250,000 shares (including 75,000 shares held by Rain Commodities (USA) Inc, a wholly owned subsidiary) held in Petrolcum Cokc Industries Company, Kuwait to AL-Mal Investment Company, Kuwait for a consideration of Rs 76.58 Crores. With this sale, the Company has divested its entire equity holding of 11.5% in Petroleum Coke Industries Company, Kuwait.

The Company will utilize the amount realized from sale of stake for repayment of Debt and other operational purposes.

Prajay Engineers - Allotment of Warrants

Prajay Engineers Syndicate Ltd now informed BSE that the Board of Directors of the Company at its meeting held on July 13, 2009, inter alia, has allotted 4 crore warrants to the following persons :

1. D S Chandra Mohan Reddy: 1,00,00,000

2. D Vijay Sen Reddy: 1,00,00,000

3. N Ravinder Reddy: 1,00,00,000

4. K Ravi Kumar: 25,000

5. Vanshvalune Realty Pvt. Ltd: 15,00,000

6. Maplenet Technologies Pvt. Ltd: 15,00,000

7. Summit Anand: 1,00,000

8. Surbhi Saroj Kumar Jain: 10,00,000

9. Money Tree Media Ventures Pvt. Ltd: 19,10,000

10. Ghanshyamdas Daulal Agarwal: 2,55,000

11. Jayanti Punjabi: 2,00,000

12. Payal Punjabi: 10,000

13. Ulitimate Money Makers India Pvt. Ltd: 35,00,000

Bajaj Hindusthan - QIP Updates

Bajaj Hindusthan Ltd has informed BSE that the net proceeds from issue of 3,54,50,000 equity shares of the face value of Re 1 each at a price of Rs 204/- per share to QIBs under the recent QIP accomplished by the Company have been utilized in full for repayment / prepayment of working capital in accordance with the terms of the issue, resulting into reduction in the indebtedness of the Company by approx Rs 710 crore.

Vardhman Industries - Updates

Vardhman Industries Ltd has informed BSE that Persons Acting in Concert (PACs) with the promoters of the Company have purchased a total of 20,000 (twenty thousand) Equity Shares of Rs 10/- each of the Company from open market in normal segment on the Stock Exchange the details of which are as under:

1. Date of Purchase: July 13, 2009
Name of PAC: Vikram Jain & Sons (HUF)
No. of Shares purchased: 20,000

As a consequence of this acquisition the promoters alongwith PACs have acquired a total of 2,58,000 equity shares representing 3.27% by way of creeping acquisition during the current financial year.

Redington India - Allotment of equity shares

Redington India Ltd has informed BSE that the ESOP Share Allotment Committee of the Directors of the Company has considered and approved on July 13, 2009 the allotment of 28,900 equity shares of Rs 10/- each at a premium of Rs 120/- per share pursuant to exercise of options granted under 'Redington (India) Ltd - Employee Stock Option Plan, 2008'.

Monday, July 13, 2009

Gitanjali Gems - Updates

Gitanjali Gems Ltd has informed BSE that Gitanjali USA Inc, a wholly owned subsidiary of the Company based in USA, has acquired 51% stake in Diamlink Inc. (Diamlink) New York based corporation.

Diamlink Inc. is engaged in the business of diamond and diamonds studded Jewellery. By virtue of this acquisition Diamlink Inc. has become a step down subsidiary of the Company.

Motilal Oswal - Stock Options

Motilal Oswal Financial Services Ltd has informed BSE that the Remuneration / Compensation Committee of the Board of Directors of the Company had, in accordance with the provisions of 'Motilal Oswal Financial Services Ltd- Employees Stock Option Scheme- VI' (ESOS- VI) granted 7,10,000 Stock Options to the Eligible Employees of the Company and its subsidiaries. Further, 1,04,000 stock options granted by the Committee in accordance with the provisions of various Employees' Stock Options Schemes of the Company, have lapsed.

LKP Finance - Closure of Buy Back

LKP Finance Ltd has informed BSE that Buy Back Committee of the Board of Directors of the Company at its meeting held on July 10, 2009 noted that the Company has already bought back more than the minimum required number of shares being 4,00,000 shares. Hence, pursuant to clause 2(viii) of the Public Announcement dated February 10, 2009 and in terms of the resolution passed by the Buy Back Committee of the Board of Directors of the Company, it has been decided to close the buy-back with effect from July 17, 2009 subject to completion of all necessary statutory and regulatory requirements. Extinguishment of all equity shares bought back shall be completed in accordance with applicable clauses of the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 and subsequent amendments thereto.

Also no order for buy-back will be placed with effect from July 17, 2009. As on July 10, 2009 the Company has already bought back 447,377 equity shares (subject to close outs, if any) for an aggregate amount of Rs 347.38 lacs.

Omaxe - Updates

Omaxe Ltd has informed BSE that the Company's subsidiary i.e. M/s. Pancham Realcon Pvt. Ltd has entered into an MOU with Allahabad Development Authority for development of Hi-Tech Township at Allahabad on the banks of River Ganga near to Sangam and shall have:

- Estimated Cost: Rs 1800 Crores (approx.)

- Estimated Revenue: Rs 2200 Crores (approx.)

- And is to be executed in Phases over a period of 5 to 7 years.

Lupin - Allotment of Equity shares

Lupin Ltd has informed BSE that the Allotment Committee of Directors at its meeting held on July 13, 2009, has allotted 5,36,457 fully paid up equity shares of Rs 10/- each, the particulars of which are as under:

1. Shares Issued upon : conversion of Zero Coupon Foreign Currency Convertible Bonds (FCCB) issued by the Company pursuant to the Offering Memorandum dated January 02, 2006
- No of shares - 465012

2. Shares issued upon : Exercising the options granted to employees under the stock option plans of the Company
- No of shares - 71445

In view of the above, the issued and paid up capital of the Company increased to Rs 836,823,430 consisting 83,682,343 equity shares of Rs 10/- each.

Corporation Bank - Updates

With reference to earlier annoucement dated July 07, 2009, Corporation Bank has now informed BSE that the Bank has raised Tier-I Bonds [Series (I) (2)] for Rs 300 crore and the same allotted on July 10, 2009 to the respective applicant in demat mode and credited to the respective Client ID.

Omaxe - Updates

Omaxe Ltd has informed BSE that M/s. Pancham Realcon Pvt. Ltd, a subsidiary of the Company has entered into Memorandum of Understanding on July 09, 2009 with Allahabad Development Authority for the development of Hi-Tech Township in Allahabad on a proposed area of 1535.12 Acres.

Genus Power - Updates

Genus Power Infrastructures Ltd has informed BSE that the Board of Directors at their meeting has decided to cancel the 16,00,000 convertible warrants convertible into equity shares and forfeit the subscription/advance/application amount received towards allotment of the said convertible warrants as the allottee of convertible warrants have not exercised the option of converting the said warrants.

SAIL - Change in Directorate

Steel Authority of India Ltd (SAIL) has informed BSE that with the completion of tenure on July 09, 2009 (A/N), the following Independent Directors have ceased to be Directors on the Board of SAIL on completion of their tenure:

1. Shri. Shyamal Ghosh
2. Mohammad Yusuf Khan
3. Dr. Deepak Nayyar.

Thursday, July 9, 2009

Wockhardt - Updates

Wockhardt Ltd has informed BSE that the Corporate Debt Restructuring Package for the Company has been approved by the CDR Empowered Group on June 30, 2009. The Company has accepted the CDR package and greatly acknowledges the support extended by all the lenders in the restructuring process.

Restructuring of debt, release of working capital and fresh priority debt by banks pending divestment of non-core assets is a positive step forward and shall provide a great impetus to the core operations of the Company.

Century Textiles - Updates

With reference to the earlier annoucement dated February 20, 2009, regarding temporary suspension of part operations of viscose Filament Yarn / Viscose Tyre Yarn by stopping the production of Tyre Yarn in stages by end of February, 2009 at the factory at Century Rayon, Kalyan- 421 103 in the State of Maharashtra, Century Textiles & Industries Ltd has now informed BSE that production of Rayon Tyre Yarn has been partially started with effect from July 01, 2009 and the overall production capacity reduction on annualised basis will now be about 12% as against 25% reported earlier referred to above. However, further decisions will be taken depending on likely market scenario emerging in future.

Aegis Logistics Board approves Buy-back of shares

Aegis Logistics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 09, 2009, has passed a resolution approving buy-back of shares through open market purchases through Stock Exchange upto a maximum price of Rs 143/- per share for a total value of Rs 1672.11 lacs being 10% of Share Capital and Free Reserves of the Company as on March 31, 2009.

Cipla - Updates

Cipla Ltd has informed BSE about the following :

"This has reference to our earlier disclosures regarding notices received by the Company from the National Pharmaceutical Pricing Authority, Government of India.

The Company has now received further demand notices from the Government as under:

1. Demand notice demanding an amount of Rs 64.39 crores comprising allegedly overcharged amount of Rs 43.29 crores and interest thereon of Rs 21.10 crores upto June 2009 in respect of the drug Salbutamol.

2. Demand notice demanding an amount of Rs 2.19 crores comprising allegedly overcharged amount of Rs 1.45 crores for the period October 2005 to March 2006 and interest thereon of Rs 0.74 crores upto June 2009 in respect of the drug Norfloxacin.

These demands are contrary to the orders of the Hon'ble Supreme Court of India and the Company has received legal advice that entire amounts demanded by the Government are not tenable and sustainable."

India Cements - Allotment of Equity Shares

India Cements Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company at its meeting held on July 07, 2009, has allotted 70,000 Equity Shares of Rs 10/- each fully paid-up at a premium of Rs 40/- per share to the employees who have exercised their stock options under ICL ESOS, 2006.

Consequently, the Paid-up Equity Share Capital of the Company has gone up from Rs 282.46 crores to Rs 282.53 crores.

Idea Cellular - Scheme of Arrangement

Idea Cellular Ltd has informed BSE that at the Meeting(s) of the Equity Shareholders, Secured and Unsecured Creditors, convened and held pursuant to the directions of the Hon'ble High Court of Gujarat on June 25, 2009 and June 26, 2009 respectively, the Equity Shareholders, Secured and Unsecured Creditors of the Company have duly approved the Scheme of Arrangement - Financial Restructuring, between Idea Cellular Ltd and its Shareholders with requisite majority.

Educomp Solutions - Updates

With reference to the earlier annoucement dated July 07, 2009, regarding a duly authorized meeting of the Board of Directors of the Company ("Board") had approved the Preliminary Placement Document in respect of the Issue, authorized the opening of the Issue and fixed the Bid Opening Date, Educomp Solutions Ltd has now informed BSE that the Duly authorized Committee of Board of Directors (the Committee) has in its meeting held on July 09, 2009 passed necessary resolutions approving issue of 16,20,000 equity shares of Rs 10 each at a price of Rs 3,745 per equity share ("Issue Price") including a premium of Rs 3,735 per equity share, aggregating to an Issue size of Rs 606.69 crores.

Further the Company has also informed that, the Committee has passed necessary resolutions fixing the Bid Closing Date for the said Issue as being July 09, 2009 and approving the Placement Document in respect of the Issue.

Wednesday, July 8, 2009

HFCL Infotel - Allotment of equity shares

HFCL Infotel Ltd has informed BSE that the Company has allotted 8,67,43,116 Equity Shares of Rs 10/- each to the Financial Institution & Banks on July 08, 2009, as per details given below, in the Share Transfer and Investor Grievance (STIG) Committee meeting as authorised by the Board of Directors in their Meeting held on May 05, 2009.

1. Name of the Bank / Financial Institution: Industrial Development Bank of India Ltd (IDBI)
- No. of shares to be allotted: 5,73,98,531
- Amt. per Share: Rs 10.00

2. Name of the Bank / Financial Institution: Life Insurance Corporation of India (LIC)
- No. of shares to be allotted: 1,07,72,205
- Amt. per Share: Rs 10.00

3. Name of the Bank / Financial Institution: Oriental Bank of Commerce (OBC)
- No. of shares to be allotted: 1,08,06,054
- Amt. per Share: Rs 10.00

4. Name of the Bank / Financial Institution: ING Vysya Bank Ltd (ING)
- No. of shares to be allotted: 43,45,838
- Amt. per Share: Rs 10.00

5. Name of the Bank / Financial Institution: State Bank of Patiala (SBOP)
- No. of shares to be allotted: 34,20,488
- Amt. per Share: Rs 10.00

Aforesaid allotment is in accordance with the in-principle approval granted by the Stock Exchanges for issue of the 8,67,43,116 equity shares to be issued to the Financial Institution and Banks consequent to the conversion of Optionally Fully Convertible Debentures (OFCDs) and pursuant to the Corporate Debt Restructuring (CDR) Package approved by CDR Cell.

Ahmednagar Forgings - Allotment of Warrants

Ahmednagar Forgings Ltd has informed BSE that Allotment Committee of Board of Directors of the Company in their meeting held on July 08, 2009 has allotted 18,30,000 warrants convertible into equivalent number of equity shares of Rs 10/- each at a premium of Rs 37/- aggregating to Rs 8.60 Crores to the promoters group Companies by way of preferential allotment.

Amtek Auto - Allotment of Warrants

Amtek Auto Ltd has informed BSE that Allotment Committee of Board of Directors of the Company in their meeting held on July 08, 2009 has allotted 150,00,000 warrants convertible into equivalent number of equity shares of Rs 2/- each at a premium of Rs 131/- aggregating to Rs 199.50 Crores to the promoters group Companies by way of preferential allotment.

Mahindra Ugine - Updates

With reference to the earlier annoucement dated December 23, 2008, Mahindra Ugine Steel Company Ltd has now informed BSE that the manufacturing plants of the Company are now working as per normal schedule of three shifts per day, instead of one or two shifts as intimated earlier.

Gammon India - Updates on Scheme of Amalgamation

Gammon India Ltd has informed BSE that the Hon'ble High Courts of Mumbai and Gujarat have vide their respective orders dated June 18, 2009 and July 02, 2009, sanctioned the Scheme of Amalgamation (Scheme) of Associated Transrail Structures Ltd (ATSL), ('The Transferor Company'), with Gammon India Ltd, ('The Transferee Company').

Certified copies of the Orders of the Hon'ble High Courts of Mumbai and Gujarat have been filed by Gammon India Ltd and ATSL with their respective registrar of Companies on July 07, 2009.

The Scheme has, therefore become effective from July 07, 2009.

Accordingly, the amalgamation of ATSL with Gammon India Ltd takes effect from April 01, 2008, being the Appointed Date. ATSL, the Transferor Company stands dissolved without winding up.

Marico - Press Release

Marico Ltd has informed BSE that Marico Bangladesh Ltd (MBL), a Wholly owned subsidiary of the Company, has received the approval of the Bangladesh Securities and Exchange Commission (SEC) to its proposal for making an Initial Public Offer (IPO) in Bangladesh.

The IPO is scheduled to open in August 2009 and will offer 14,92,100 ordinary shares of Taka 10 each at an issue price of Taka 90 per share (including premium of Taka 80 each). The shares of MBL would be listed in Bangladesh on the Dhaka Stock Exchange and the Chittagong Stock Exchange.

The Company has submitted to BSE a Press Release dated July 08, 2009 titled "MARICO BANGALADESH TO HAVE AN IPO".

GVK Power - Updates

GVK Power & Infrastructure Ltd has informed BSE that a Sub-Committee of Board of Directors (the "Committee") of the Company has decided that the bid closing date for the Issue is July 07, 2009 and that further to bids received from qualified institutional buyers (QIB)pursuant to the Issue, the Committee has approved the issue of 173,361,500 equity shares of the Company at a price of Rs 41.35/- per equity share of the Company aggregating to Rs 7,168,498,025/- (Rupees Seven hundred and sixteen crores eighty four lacs ninety eight thousand twenty five only).

Tuesday, July 7, 2009

Bharati Shipyard - Updates on Open Offer to the shareholders of Great Offshore

SBI Capital Markets Ltd ("Manager to the Offer") on behalf of Natural Power Ventures Pvt Ltd ("NPVPL"/"Acquirer") along with Bharati Shipyard Ltd ("BSL") & Dhanshree Properties Pvt Ltd ("DPPL") ("Persons Acting in Concert" or "PACs"), has issued this Supplement to the Public Announcement to the Equity Shareholders of Great Offshore Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated June 02, 2009 (Published as on June 03, 2009), in compliance with Regulation 10 & other applicable provisions of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("SEBI (SAST) Regulations") to acquire up to 78,26,788 fully paid-up equity shares of face value Rs 10/- each ("Shares"), representing 20% of the Emerging Voting Capital of the Target Company ("Offer") at a price of Rs 344/- per Share.

The shareholders of the Target Company are requested to kindly note the following subsequent developments with respect to the Offer:

(a) In terms of regulation 25(1) of SEBI (SAST) Regulations, a PA making a competitive bid ("Competitive Offer") was made on June 23, 2009 by Kotak Mahindra Capital Company Limited ("Manager to the Competitive Offer") on behalf of Eleventh Land Developers Private Limited ("Acquirer in Competitive Offer") along with ABG Shipyard Limited ("Person Acting in Concert or PAC in Competitive Offer") proposing to acquire 1,25,71,072 Shares of the Target Company at Rs 375/- per Share in cash.

(b) On June 23, 2009, DPPL acquired 16,99,611 Shares of Target Company, constituting 4.58 % of the paid-up share capital of Target Company, at a price of Rs 403/- per Share through a block deal from Laadki Trading & Investment Limited, Bharat Kanaiyalal Sheth, Ravi Kanaiyalal Sheth, Jyoti B Sheth & Amita Ravi Sheth ("Acquisition") in pursuance of regulation 20(7) of SEBI (SAST) Regulations. Consequent to this Acquisition, the cumulative Shareholding of Acquirer alongwith PACs in the Target Company aggregates to 19.47% of the paid-up share capital of Target Company.

(c) In terms of regulation 26 of SEBI (SAST) Regulations, by this Supplement to the PA, NPVPL makes a revision in its Offer Price per Share to Rs 405 (Rupees Four Hundred and Five only) payable in cash for all the valid acceptances in the Offer. Accordingly, the Offer Size stands revised to Rs 316,98,49,140/- (Rupees Three Hundred Sixteen Crores, Ninety Eight Lakhs, Forty Nine Thousand, One Hundred and Forty Only).

The shareholders of the Target Company may note that, in terms of SEBI (SAST) Regulations, the Acquirer may make upward revisions in his Offer in respect of the price and the number of Shares to be acquired, at any time upto seven working days prior to the date of the closure of the Offer.

The terms not defined herein will have the same meaning as defined in the PA. All other terms and conditions of the Offer shall remain unchanged.

Great Offshore - Updates on Open Offer by Natural Power Ventures

SBI Capital Markets Ltd ("Manager to the Offer") on behalf of Natural Power Ventures Pvt Ltd ("NPVPL"/"Acquirer") along with Bharati Shipyard Ltd ("BSL") & Dhanshree Properties Pvt Ltd ("DPPL") ("Persons Acting in Concert" or "PACs"), has issued this Supplement to the Public Announcement to the Equity Shareholders of Great Offshore Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated June 02, 2009 (Published as on June 03, 2009), in compliance with Regulation 10 & other applicable provisions of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("SEBI (SAST) Regulations") to acquire up to 78,26,788 fully paid-up equity shares of face value Rs 10/- each ("Shares"), representing 20% of the Emerging Voting Capital of the Target Company ("Offer") at a price of Rs 344/- per Share.

The shareholders of the Target Company are requested to kindly note the following subsequent developments with respect to the Offer:

(a) In terms of regulation 25(1) of SEBI (SAST) Regulations, a PA making a competitive bid ("Competitive Offer") was made on June 23, 2009 by Kotak Mahindra Capital Company Limited ("Manager to the Competitive Offer") on behalf of Eleventh Land Developers Private Limited ("Acquirer in Competitive Offer") along with ABG Shipyard Limited ("Person Acting in Concert or PAC in Competitive Offer") proposing to acquire 1,25,71,072 Shares of the Target Company at Rs 375/- per Share in cash.

(b) On June 23, 2009, DPPL acquired 16,99,611 Shares of Target Company, constituting 4.58 % of the paid-up share capital of Target Company, at a price of Rs 403/- per Share through a block deal from Laadki Trading & Investment Limited, Bharat Kanaiyalal Sheth, Ravi Kanaiyalal Sheth, Jyoti B Sheth & Amita Ravi Sheth ("Acquisition") in pursuance of regulation 20(7) of SEBI (SAST) Regulations. Consequent to this Acquisition, the cumulative Shareholding of Acquirer alongwith PACs in the Target Company aggregates to 19.47% of the paid-up share capital of Target Company.

(c) In terms of regulation 26 of SEBI (SAST) Regulations, by this Supplement to the PA, NPVPL makes a revision in its Offer Price per Share to Rs 405 (Rupees Four Hundred and Five only) payable in cash for all the valid acceptances in the Offer. Accordingly, the Offer Size stands revised to Rs 316,98,49,140/- (Rupees Three Hundred Sixteen Crores, Ninety Eight Lakhs, Forty Nine Thousand, One Hundred and Forty Only).

The shareholders of the Target Company may note that, in terms of SEBI (SAST) Regulations, the Acquirer may make upward revisions in his Offer in respect of the price and the number of Shares to be acquired, at any time upto seven working days prior to the date of the closure of the Offer.

The terms not defined herein will have the same meaning as defined in the PA. All other terms and conditions of the Offer shall remain unchanged.

Lanco Infratech - Updates

Lanco Infratech Ltd has informed BSE that the Company has received Letter of Intent (LOI) from Footwear Design & Development Institute (FDDI), Ministry of Commerce & Industry, Government of India for the Construction and Development of FDDI at E-1, Sipcot Industrial Park, Irungattukottai, Kancheepuram, Tamil Nadu of a Total Contract Value of Rs 52.30 Crores.

Educomp Solutions - Updates

Educomp Solutions Ltd has informed BSE that a duly authorized meeting of the Board of Directors of the Company ("Board") has approved the Preliminary Placement Document in respect of the Qualified Institutions Placement ("QIP") of equity shares of Rs 10 each under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 ("Issue").

Further the Company has informed that the Board has passed necessary resolutions authorizing the opening of the Issue, and has fixed the Bid Opening Date for the said Issue as July 07, 2009.

Kirloskar Pneumatic - Updates

Kirloskar Pneumatic Company Ltd has informed BSE that the Company had entered into an agreement with Mr. Hari Ramachandra Mustikar for his reappointment as the Managing Director of the Company for five years effective from July 06, 2004 to July 05, 2009.

The said agreement between the Company and Mr. Mustikar, expired on July 05, 2009.

Mr. H R Mustikar, Managing Director ceases to be the Managing Director and Director of the Company w.e.f. July 05, 2009.

Mr. Aditya Kowshik, Executive Director is been given the change of day to day operations of the Company.

Mukta Arts - Updates

Mukta Arts Ltd has informed BSE that the Company announce launch of a romantic
entertainer 'Paschim Express' with all graduates from its 'Whistling Woods Institute' including its Director, Lead Actors, Cinematographer, Editor, Sound Designer, Writer and with Pritam as the Music Director. This film will go on the production floor shortly.

Further, the Company is also announce that 'Whistling Woods Institute' is celebrating its third Anniversary on July 18, 2009 with its 300 students.

Premier Explosives - Updates

Premier Explosives Ltd has informed BSE that the Company held shares to the extent of 60% in Premier Wire Products Ltd temporarily at the time of setting up of the unit for the purpose of disposing it in near future.

The Company disinvested its shares in Premier Wire Products Ltd on June 30, 2009 as decided in Board meeting held on June 29, 2009.

Consequent to such disposal, the Company's investment in the Company is 48% and Premier Wire Products Ltd ceased to be a subsidiary on June 30, 2009.

Dewan Housing - Allotment of Equity Shares to QIBs

Dewan Housing Finance Corporation Ltd has informed BSE that at the Extra Ordinary General Meeting held on June 27, 2009, the members had approved and authorised the Company for the issue of equity shares of face value of Rs 10/- each in the Company to Qualified Institutional Buyers (QIBs) for an amount not exceeding Rs 300 crore under Qualified Institutions Placement in terms of Chapter XIII-A of SEBI Guidelines.

The Committee of the Board of Directors of the Company has, at its meeting held on July 07, 2009, issued and allotted 1,60,12,231 fully paid-up Equity Shares of Rs 10/- each, at a price of Rs 141/- per Equity Share (including a premium of Rs 131/- per Equity Share), aggregating to Rs 225,77,24,571 (Rupees Two Hundred and Twenty Five Crore Seventy Seven Lakh Twenty Four Thousand Five Hundred and Seventy One only).

Consequent to the issue and allotment of the Equity Shares as aforesaid, the Paid-up Equity Share Capital of the Company stands increased from the present Rs 60,52,29,750/- divided into 6,05,22,975 Equity Shares of face value of Rs 10/- each to Rs 76,53,52,060 divided into 7,65,35,206 Equity Shares of face value of Rs 10/- each.

Vardhman Industries - Updates

Vardhman Industries Ltd has informed BSE that Persons Acting in Concert (PACs) with the Company's promoters have purchased a total of 100000 (one lac) Equity Shares of Rs 10/- each of the Company from open market in normal segment on the Stock Exchange the details of which are as under:

1. Date of Purchase: July 06, 2009
Name of PAC: Vikram Jain & Sons (HUF)
No. of Shares purchased: 1,00,000

As a consequence of this acquisition the promoters alongwith PACs have acquired a total of 1,84,000 equity shares representing 2.33% by way of creeping acquisition during the current financial year.

Alfa Transformers - Updates

Alfa Transformers Ltd has informed BSE that the following Promoters and promoter group have purchased the Company's shares during the month of June, 2009, the details of which are given below:

1. Name of the Promoters / Promoters Group - Mr. Dilip Kumar Das
- June 2009 - 4805

2. Name of the Promoters / Promoters Group - Mr. Debasis Das
- June 2009 - 500

3. Name of the Promoters / Promoters Group - M/s. Galaxy Medicare Ltd
- June 2009 - 3500.

ICSA India - Allotment of Shares

ICSA India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 07, 2009, inter alia, have allotted 75000 Equity shares of Rs 2/- each on conversion of 25% of the Employee Stock options issued under ESOP 2005 scheme.

Accordingly the revised share capital of the Company after the present allotment consists of 4,71,13,489 equity shares of Rs 2/- each.

Shaw Wallace - Updates on Scheme of Amalgamation

Shaw Wallace & Company Ltd has informed BSE that as informed earlier vide letter dated January 16, 2009, the Scheme of Amalgamation of Shaw Wallace & Company Ltd ("SWC") and Primo Distributors Pvt Ltd ("Primo") with United Spirits Ltd ("USL") has been sanctioned by the Hon'ble High Court at Calcutta on January 16, 2009.

Certified copy of the Order of the Hon'ble High Court at Calcutta has been filed with the Registrar of Companies, West Bengal at Kolkata.

The Scheme has, therefore, become effective from July 06, 2009.

United Spirits - Updates on Scheme of Amalgamation

United Spirits Ltd has informed BSE that as per the Scheme of Amalgamation between Shaw Wallace & Company Ltd (SWC), Primo Distributors Pvt Ltd (Primo) and United Spirits Ltd (USL), the share exchange ratio for the merger of Shaw Wallace & Company Ltd into the company is as follows :

- 4 (Four) fully paid up Equity Shares of the face value of Rs 10/- (Rupees Ten only) each in USL for every 17 (Seventeen) fully paid up equity shares of the face value of Rs 10/- (Rupees Ten only) each held in SWC.

As Prima has been a wholly owned subsidiary of the Company no consideration shall be payable pursuant to the amalgamation of Primo into the Company.

Monday, July 6, 2009

Poddar Pigments Board approves Buy Back

Poddar Pigments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 06, 2009, inter alia, has considered and approved the following:

1. Buy Back of equity Shares of the Company:

The Board of Director has approved, subject to shareholders approval, the Buy back of the
Company's fully paid-up Equity Shares of the face value of Rs 10/- (Rs Ten only) from the open market, at a price not exceeding Rs 42/- per share ("Maximum Offer Price") upto an amount of Rs 951 Lacs ("Maximum Offer Size") being 25% of the total Paid up Equity Share Capital and Free Reserves of the Company as per the Audited balance sheet for the year ended March 31, 2009 subject to the maximum of 2440000 Equity Shares ("Maximum Offer Shares") and minimum of 500000 Equity Shares ("Minimum Offer Shares").

Further the Buy back of the Equity Shares of the Company shall not exceed 20% of the Total Paid-up Equity Capital of the company as on March 3L, 2009.

2. Postal Ballot Notice

The Resolution was passed by the Board of Directors of the Company at their meeting held on July 06, 2009.

Shaktiman Mercantile Board to consider Rights Issue

Shaktiman Mercantile Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 13, 2009, inter alia, to transact the following business:

1. To take on record the new name approved by the Registrar of Companies for the purpose of change of name of the Company.

2. To make a decision relating to issue of Equity Shares of the Company on a rights basis.

3. To consider the proposal for issue of Debentures of the Company.

4. Approve the unaudited financial results for the quarter ended June 30, 2009.

5. To take on record the Shareholding Pattern.

6. To take on record the Secretariat Audit Report.

7. To take on record the Limited Review Report for the Company for the Quarter ended June 30, 2009.

8. To decide on convening an EGM for the purpose of member's approval for the purpose of change of name and rights issue.

Zicom Electronic - Grant of Stock Options

Zicom Electronic Security Systems Ltd has informed BSE that pursuant to the authority accorded by the shareholders of the Company at the Annual General Meeting held on August 24, 2006, the Compensation Committee of Directors at its meeting held on July 06, 2009 has approved the grant of 10,000 stock options to the eligible employee of the Company against which 10,000 equity shares can be allotted based on right to apply for one equity share against each Option.

The said options have graded vesting period ranging from one year to three years from the date of grant and the same can be exercised within two years from the date of their respective vesting.

Hindustan Copper - Updates

With reference to earlier annoucement dated April 28, 2009 regarding FY-09 results by June 30, 2009, Hindustan Copper Ltd has now informed BSE that Company has recently introduced ERP system which is under stabilization process. All the activities are being processed through ERP system. The annual accounts for the financial year 2008-09 is, therefore, also to be compiled as per various accounting module incorporated in the ERP system.

Though the ERP system is currently in the stabilization phase, Company is facing initial transaction errors as well as system errors and bugs and the same is under perpetual review. The whole process of finalization of accounts and completion of statutory audit is likely to get extended upto the end of July'09 or by first week of August'09.

Further the Company has informed that the unaudited financial results for the 1st quarter of 2009-10 would be consequently delayed and likely to be published by end of August'09.

Kandhari Rubbers - Updates

Kandhari Rubbers Ltd has informed BSE that all properties of the Company including Land / Building, Plant & Machinery, Equipment & other assets have been unlawfully taken in their possession by FIs and disposed off by undervalue sale. This action of the Financial Institutions in the year January 2008, has been challenged by the Company through writ before Hon'ble RHC, Jodhpur.

Further the Company has informed that the above said information has been mentioned in the Annual Report of the COmpany for the year 2007-08.

Hanung Toys - Board Meeting Date Revised

With reference to the earlier annoucement dated July 06, 2009 regarding Board Meeting on August 08, 2009, Hanung Toys & Textiles Ltd has now informed BSE that the Board Meeting of the Company will be held on "July 08, 2009" (not on "August 08, 2009" as informed earlier by mistake) to consider the Resolution by Postal Ballot for increasing the Borrowing limit from Rs 700 Cr. to Rs 1500 Cr. u/s 293 (1)(a) and 293 (1)(d).

India Tourism - Shareholders approval for preferential allotment of shares

India Tourism Development Corporation Ltd has informed BSE that the Shareholders of the Company at its meeting held on July 06, 2009, have approved issue of Preferential allotment of 1,82,50,000 equity shares of Rs 10/- each at a premium of Rs 30/- each against the amount of Rs 73 crores given by Ministry of Tourism vide its letter dated December 12, 2007.

TCS - Updates

Tata Consultancy Services Ltd (TCS) has informed BSE that National Power Exchange Ltd, a JV Company of NTPC Ltd., NHPC Ltd, Power Finance Corporation Ltd and Tata Consultancy Services Ltd has been granted in-prinicipal approval on July 01, 2009 to set up and operate NPEX, the power exchange.

Vybra Automet - Open Offer

VC Corporate Advisors Pvt Ltd ("Manager to the Offer") on behalf of M/s Mandakini Holdings Pvt Ltd ("Acquirer") has issued this Public Announcement ("PA") to the Shareholders of Vybra Automet Ltd ("Target Company"), pursuant to Regulation 10 and 12 and other applicable provisions as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The Offer:

The Acquirer is now making this Open Offer to the shareholders of Target Company (other than the parties to the Agreement) to acquire from them 14,25,800 (Fourteen Lacs Twenty Five Thousand Eight Hundred Only) fully paid-up equity shares of Rs 10/- each, representing 20.00% of the fully paid-up equity and voting share capital at a price of Rs 10/- per share ("Offer Price") payable in cash ("Offer" or "Open Offer"). The Target Company doesn't have any partly paid up shares as on date of this PA.

Schedule of Activities:

Specified Date - July 10, 2009

Date of Opening of the Offer - August 19, 2009

Date of Closing of the Offer - September 07, 2009

Friday, July 3, 2009

Hikal - Updates

Hikal Ltd has informed BSE that Hon'ble High Court of Judicature at Bombay has approved the Scheme of Arrangement between Hikal Pharmaceuticals Ltd and Hikal Ltd and their respective Shareholders vide Order dated June 25, 2009, a certified copy of which was made
available on June 30, 2009.

Further, certified copy of the order of the Hon'ble High Court of Judicature at Bombay sanctioning the Scheme from March 31, 2009 being the Appointed Date, has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai on June 30, 2009. Thus, the Scheme has become effective from June 30, 2009, being the date on which the said certified copy of the order sanctioning the Scheme passed by the High Court has been filed with the Registrar of Companies, Maharashtra, Mumbai.

Accordingly, Hikal Pharmaceuticals Ltd has been amalgamated with Hikal Ltd and stands dissolved without being wound up.

State Bank of Mysore - Updates

State Bank of Mysore has informed BSE that the General Secretary, AIBEA on behalf of all the Unions of six Associate banks viz. AIBEA, NCBE, AIBOA, BEFI and INBEF has informed that all the employees of the six Associate Banks will go on strike on July 06, 2009 opposing merger of State Bank of Indore and other Associate Banks with State Bank of India.

In the event of the proposed strike materializing on July 06, 2009, normal services rendered to the Bank's customers may have to be curtailed.

Kwality Dairy - Updates

Kwality Dairy India Ltd has informed BSE that the Company is contemplating to enhance the capacity around five lacs liter per day by taking over dairy plant in Uttranchal which will be operational within three months.

The Company is in advance stages of negotiation for takeover of the plant. Such acquisition will enhance the capacity of the Company and also the product line by adding various new products & SKU's.

Such acquisition will have great impact on the financial position of the Company and will also enhance the profitability of the Company as the Company will cover wider area of state of Uttranchal for the marketing of its various products. For this purpose, Company is expanding the Dealer Network and getting into tie ups with various institutions.

Godrej Industries - Updates

Godrej Industries Ltd has informed BSE that Shareholders of the Company had vide resolution passed on March 18, 2009 approved investment in Natures Basket Ltd (NBL), a 100% subsidiary of Godrej Agrovet Ltd (GAVL), which itself is a subsidiary of the Company.

Further the Company has informed that, the Company on July 03, 2009 has acquired the entire shareholding in NBL from GAVL. With this acquisition NBL has become a direct 100% subsidiary of the Company.

NBL focuses on specialty food including fresh produce and is positioned as a premium food chain.

Capital Trust - Open Offer

D & A Financial Services Pvt Ltd ("Manager to the Offer") on behalf of M/s I. C. Construction & Services Ltd ("Acquirer") along with M/s Indo Crediop Pvt Ltd & Mr Yogen Khosla ("Persons Acting in Concert"/ "PACs") ) has issued this Public Announcement ("PA") to the Equity Shareholders of Capital Trust Ltd ("Target Company"), pursuant to & in compliance with Regulation 11(1) as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations, 1997") & Subsequent amendments thereto.

The Offer:

The Acquirer intend to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 15,00,000 equity shares of Rs 10/- each representing 20% of the total paid up capital/ voting share capital of the Target Company at a price of Rs 10.00 (Rupees Ten Only) per fully paid up equity share ("Offer Price") payable in cash subject to the terms & conditions mentioned in PA.

Schedule of Activities:

Specified Date - July 24, 2009

Date of Opening of the Offer - August 19, 2009

Date of Closing of the Offer - September 07, 2009

Fame India - Updates

Fame India Ltd has informed BSE that the Company has commenced operations of its new multiplex at Fame Kalyan w.e.f. July 03, 2009. The new multiplex has 5 screens including one exclusive Gold Class screen of 46 seats which is accompanied with an exclusive Gold Class Lounge. The multiplex has an overall capacity of 1320 seats.

With this, the total number of operational properties and screens of the Company are 22 and 79 respectively, including the above.

Disa India - Updates on Open Offer

Ambit Corporate Finance Pvt Ltd ("Manager to the Offer") on behalf of Hamlet Holding II ApS ("Acquirer") & DISA Holding II A/S, DISA Holding A/S & DISA Holding AG ("Person Acting in Concerts"/ "PACs") has issued this fifth Corrigendum to the Public Announcement to the Equity Shareholders of Disa India Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the PA dated December 17, 2008 & the subsequent 4 Corrigenda published on February 02, 2009, February 18, 2009, April 14, 2009, May 28, 2009.

The shareholders of the Target Company may please note that on June 16, 2009, the Tribunal has deferred the hearing of the appeal to July 21, 2009.

Terms used but not defined in this Fifth Corrigendum to the PA shall have the same meaning as assigned in the PA, the Corrigendum to PA, the Second Corrigendum to the PA, the Third Corrigendum to the PA and the Fourth Corrigendum to the PA.

Kirloskar Oil - Updates

Kirloskar Oil Engines Ltd has submitted to BSE a copy of Notice published in the newspaper on June 30, 2009, in respect of Notice of Petition under Sections 391 to 394 of the Companies Act, 1956 for sanction of an arrangement embodied in the Scheme of Arrangement between Kirloskar Oil Engines Ltd and Kirloskar Engines India Ltd.

ICRA - Updates

ICRA Ltd has informed BSE that the ESOS Compensation Committee of the Company in its meeting held on March 24, 2007 granted Options to the Eligible Employees of the Company and its Subsidiary Companies. 40% Options (excluding Options lapses) were vested on March 24, 2008 and 30% options (excluding Options lapsed) on March 24, 2009. As per Clause no. 7.5 of the Employees Stock Option Scheme, 2006 (ESOS 2006) of the Company, the vested Options shall become available for exercise in whole or in installments over a period of time ending later than 5 years from the date of vesting (i.e. Exercise Period).

In accordance with the ESOS 2006, an eligible Optionees has submitted their requests in the month of June 2009 for exercise of Options vested to them on March 24, 2008 and March 24, 2009 along with the exercise price and Fringe Benefit Tax. After receiving the exercise amount, the ICRA Employees Welfare Trust has issued Equity Shares of ICRA Ltd in the month of June 2009 to the Optionees who has exercised his options.

Integrated Amusement - Updates

Integrated Amusement Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2009, inter alia, decided to do business into chemical and related products business. Accordingly passed the special resolution in the meeting of the shareholders to diversified its activities in the field of chemicals etc. vide special resolution passed in the meeting of the shareholders held on May 25, 2009 pursuant to Section 149 (2A) of the Companies Act, 1956 and the shareholders of the Company have given approval in the general meeting held on May 25, 2009 to pursue the activities into chemical and agro chemical products.

Mercator Lines - Updates

Mercator Lines Ltd has informed BSE that the Company have redeemed 8th installment of 900 11.25% Secured Redeemable NCDs of 5,62,500/- each aggregating to Rs 50.62 crores Series VII-A due on July 30, 2009 out of privately placed debentures.

Accordingly, the outstanding NCDs is now 900 - 11.25% Secured Redeemable NCDs of Rs 5,00,000/- each aggregating to Rs 45,00,00,000/-.

Visagar Polytex - Updates on Rights Issue

Visagar Polytex Ltd has informed BSE that the Company has filed the Draft Letter of Offer with SEBI on June 30, 2009 for issue of rights shares. The Company has proposed to raise Rs 55.8 million to fund its existing business operations & expansion plans via the proceeds of the 5:1 rights issue of 37,20,000 equity shares (rights issue of 5 shares for every share held) at Rs 15/- each (Rs 10/- face value plus Rs 5/- premium).

Avery India - Updates on Delisting Offer

ICICI Securities Ltd ("Manager to the Offer") on behalf of AV Co 3 Ltd ("AV Co 3" or "Acquirer"), has issued this Public Announcement to the Equity shareholders of Avery India Ltd ("Target Company"/ "AIL"/ "Company"), which is in continuation & should be read in conjunction with Public Announcement dated June 19, 2009 (Original PA) & Original Bid Letter dated June 19, 2009, pursuant to Clause 10 of the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 ("Delisting Guidelines"), in respect of the proposed acquisition and consequent delisting of the fully paid up equity shares of the Company ("Shares") under the Delisting Guidelines.

1. DISCOVERED PRICE

The "Discovered Price" determined through the reverse book building process ("RBP") using the electronic facility of the BSE. in accordance with the Delisting Guidelines (being the price at which the maximum number of Shares were validly tendered) is Rs 135/- per Share (the "Discovered Price").

2. EXIT PRICE AND DELISTING

The Acquirer has accepted the Discovered Price and will acquire all the Shares validly tendered at or below the Discovered Price in the Delisting Offer (the "Exit Price"]. The settlement of funds will be in accordance with the procedure and timelines specified in the Bid Letter.

The Shares of the Public Shareholders, whose Bids, have not been accepted pursuant to the RBP. will be returned to them or released from pledge.

The Public Shareholders holding physical Share certificates may tender their Shares at the Exit Price during the period commencing from July 7, 2009 and ending on July 21, 2009, as per the instructions contained in the Bid Letter and the Form of Acceptance.

All the Public Shareholders of the Company holding Shares in dematerialized form, who did not or were not able to participate in the RBP or who unsuccessfully tendered Shares in the RBP, will be able to offer their Shares to the Acquirer at the Exit Price during a period of six months starting From the date of delisting of the Shares of the Company from the Stock Exchanges in accordance with the Delisting Guidelines. Such date will be intimated to the Public Shareholders by the Company.

Post the acceptance of the Shares validly tendered in the Delisting Offer at or below the Exit Price and completion of acquisition of such Shares, the public shareholding of the Company will fall below 25% being the minimum public shareholding limit specified by the listing agreement. Consequently, the Acquirer will initiate necessary steps to delist the Shares of the Company from BSE and CSE.

Terms used but not defined in this PA shall have the same meaning assigned to them in the Original PA and the Bid Letter.

All other terms and conditions of the Offer as set forth in the Original PA and the Bid Letter remain unchanged.

Thursday, July 2, 2009

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.

Wednesday, July 1, 2009

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.

Colgate Palmolive - Updates

Colgate Palmolive India Ltd has informed BSE that Both Advanced Oral Care Products Pvt. Ltd, Goa (AOC) and Professional Oral Care Products Pvt. Ltd, Goa (POC) are the subsidiaries of the Company.

Further the Company has informed that, the Bombay High Court at Goa vide its order dated April 27, 2009 sanctioned the amalgamation of AOC with POC from April 01, 2008. The said amalgamation has become finally effective on July 01, 2009, being the date on which the High Court's order has been filed with the Registrar of Companies at Goa.

This amalgamation will help the Transferee Company - POC- avail the beneficial synergies of the manufacturing operations and significantly improve the operational efficiency of the unified organisation.

Ballarpur Industries - Updates

With reference to the earlier announcement dated April 24, 2009 informing about approval by the Board of Directors of the Company for buyback of Zero Coupon Convertible Bonds (ZCCBs) of US Dollar 60.00 Million, subject to compliance of applicable laws, Ballarpur Industries Ltd has now informed BSE that the Company has bought back ZCCBs of US Dollar 8.00 Million.

Hindalco Industries - Updates

Hindalco Industries Ltd has informed BSE that the Scheme of Arrangement of Financial
Restructuring under Section 391-394 and Section 100 of the Companies Act, 1956 is approved by the Hon'ble High Court, Bombay.

Further the Board of Directors in their meeting held on June 30, 2009 made the Scheme effective.

AIA Engineering - Updates

AIA Engineering Ltd has informed BSE that the Board of Directors of the COmpany at its meeting held on June 25, 2009 have consented to the allotment of 3,36,430 (Three Lacs Thirty Six Thousand Four Hundred Thirty only) Equity Shares of Rs 2/- each fully paid-up (referred to as "New Equity Shares") to the shareholders of Reclamation Welding Ltd (Reclamation) whose names appeared in the Register of Members of erstwhile Reclamation as on the Record Date i.e. "June 25, 2009" in proportion to their holding in Reclamation. The New Equity Shares shall rank pari passu in all respects with and carry the same rights as the existing equity shares of the Company as mentioned in the Scheme of Amalgamation (Scheme).

Further the Company has informed that pursuant to the Scheme 1,57,000 Equity Shares of Reclamation held by the Company has been cancelled without any further acts or deeds.

Kingfisher Airlines - Updates

Kingfisher Airlines Ltd has informed BSE that the Audit Committee Meeting to consider, the Audited Financial Results for the Year ended March 31, 2009 was convened to be held on June 29, 2009. However, due to the non availability of Independent Directors as well as the Chairman of the Audit Committee who is an Independent Director (who has met with an unfortunate accident resulting in a fractured leg) the requisite quorum for the Audit Committee Meeting was not present and the Audit Committee meeting could not be held.

In view of the above, and the absence of all the Independent Directors for the Board Meeting, the Board of Directors at the Meeting held on June 30, 2009, in the interest of investors and with a view to follow good corporate governance practices, did not take up the Audited Financial Statements of the Company for the Year ended March 31, 2009 for consideration.

Revised dates for holding the meetings of the Audit Committee and the Board of Directors in July, 2009, for consideration of the audited financial statements for the year ended March 31, 2009, are being finalized taking into account the convenience of all the Directors, to ensure adequate representation of Independent Directors and the Company will inform of the revised dates at the earliest.

Vision Corporation - Updates

Vision Corporation Ltd has informed BSE that the Company has signed a agreement with Big Flicks Ltd - a division of Reliance for Internet rights for the films / albums. Vision will provide the feature films which holds negative rights and copyrights of music and other contents to Big Flicks and the revenue will be shared equally on the ratio of 50:50.

Further, Vision has plans to produce 6 movies per year with big banners, Vision Music a division of Vision Corporation Ltd have so far produced 1000 music albums and holds negative tights for more than 200 feature films in various languages. Visions Publication house is all set to print the new edition of Films Today a trade magazine which will be issued the 1st week of July.

The Company feels this is a very profitable venture for the company which will lead the company to stepping stone of success.

Sobha Developers- Updates

Sobha Developers Ltd has informed BSE regarding Qualified Institutions Placement of Equity Shares by (Company) ("the Company") under the provisions of Chapter XIII-A of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 ("SEBI Guidelines") to Qualified Institutional Buyers as defined under Clause 1.2.1 (xxiv a) of the SEBI Guidelines.

Shree Rajasthan - Updates

Shree Rajasthan Syntex Ltd has informed BSE that Shri. N N Agrawala, Executive Director of the Company has ceased to be as Executive Director of the Company consequent upon his resignation and acceptance of resignation by the Board of Directors, with effect from July 01, 2009.

However he will continue to be as ordinary Director of the Company.

Benares Hotels - Updates

With reference to earlier annoucement regarding proposal to voluntary delist the equity shares of the Company from the Delhi Stock Exchange Ltd and Uttar Pradesh Stock Exchange Association Ltd had been included in the Notice of the Annual General Meeting of the Company, Benares Hotels Ltd has now informed BSE that in view of the SEBI (Delisting of Equity Shares) Regulations, 2009 and the Securities Contracts (Regulation) (Amendment) Rules, 2009 both notified on June 10, 2009 regarding delisting of equity shares, it has been decided to withdraw the proposal to delist the equity shares of the Company from the Delhi Stock Exchange Ltd and Uttar Pradesh Stock Exchange Association Ltd from the Notice of Annual General Meeting of the Company. The proposal shall now be considered afresh by the Board at the appropriate time.

Responsive Industries - Updates

Responsive Industries Ltd has informed BSE that :

"During the year, the Hon'ble Mumbai High Court has approved the scheme of amalgamation of Responsive Polymers International Ltd ("RPIL") with Responsive Industries Ltd ("RIL" or "The Company") with effect from 01st July, 2006 vide order dated 13th February 2009. Copy of which was received by the Company on 13th March, 2009. In view of the said amalgamation, financial accounts of RPIL had to be merged with the Company with retrospective date i.e. 01st July 2006 till the previous year ended 31st March 2008. Subsequently from 01st April 2008 to 3lst March 2009 (the current reporting period) all the financial transactions of RPIL has to be merged with the financial transactions of the Company on a line to line to basis as prescribed in the Accounting Standard.

Since the scheme of amalgamation was approved by the Hon'ble High Court at the fag end of the year, the Company took considerable time to understand and comprehend and then merge the financials statement of RPIL with RIL at two levels i.e. first merger of financials statement for the period i.e. 01st July, 2006 to 31st March 2007 and from 01st April 2007 to 31st March 2008 and secondly for the current year ended on 31st March 2009. After giving all these effects, the said merged accounts of the company were given to the statutory auditors for carrying out audit. Due to delay in availability of accounts to the auditors and lack of availability of time, the auditors could not complete the audit by date of Board Meeting i.e. 30th June, 2009.

Initially after the receipt of the Court order the Company had carefully planned to publish audited results for the year ended 3lst March 2009 within the time frame allowed in the Listing Guidelines and hence did not published the unaudited results on or before 30th April 2009.

Looking at the reason mentioned above, which is beyond the control of Company / management audited accounts could not be presented before the Board of Director's Meeting scheduled on 30th June 2009 for adopted audited accounts of the company for the year ended 3lst March 2009."

Unitech - Updates

Unitech Ltd has informed BSE that a duly authorized committee of the board of directors of the Company has decided that the bid closing date for the Issue is June 30, 2009 and that further to bids received from qualified institutional buyers pursuant to the issue, the Committee has approved the issue of 344,361,112 equity shares of face value of Rs. 2 each of the Company at a price of Rs. 81/- per equity share (including a premium of Rs. 79/- per share) aggregating to Rs. 2789,32,50,072/- (Rupees Two Thousand Seven Hundred Eighty Nine Crore Thirty Two Lac Fifty Thousand Seventy Two only).