Bazaar Watch


Tuesday, September 29, 2009

HDFC - Allotment of Equity Shares

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

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

Ramkrishna Forgings - Updates

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

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

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

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

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

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

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

Nelco - Updates

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

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

Punj Lloyd secures order

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

Mafatlal Industries - Updates

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

ITC - Allotment of Shares

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

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

SPEL Semiconductor - Updates

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

a. Delhi Stock Exchange

b. Calcutta Stock Exchange

c. Ahmedabad Stock Exchange.

Educomp Solutions fixes Record Date for Stock Split

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

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

Friday, September 25, 2009

Nicco Corporation - Updates

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

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

Helios & Matheson - Updates

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

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

Essar Oil Equity Shareholders to approve Scheme of Amalgamation

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

Electrosteel Castings - Updates

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

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

Lupin - Updates

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

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

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

Sesa Goa - Updates

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

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

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

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

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

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

Lupin - Grant of Options

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

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

Thursday, September 24, 2009

AXIS Bank - Updates

AXIS Bank Ltd has informed BSE that the Bank on September 24, 2009 has made allotment of the following:

1. 3,30,44,500 equity shares @ Rs. 906.70 per share inclusive of premium of Rs. 896.70 per share by way of Qualified Institutional Placement (QIP) to QIBs.

2. 50,55,500 Global Depositary Receipts (GDRs), each GDR representing one (1) underlying fully paid up equity share @ Rs. 906.70 per share inclusive of premium of Rs. 896.70 per share to investors.

3. 39,76,632 equity shares to Life Insurance Corporation of India and The New India Assurance Company Ltd. @ Rs. 906.70 per share inclusive of premium of Rs. 896.70 per share.

HDFC - Allotment of Equity Shares

Housing Development Finance Corporation Ltd (HDFC) has informed BSE that the Corporation on September 24, 2009, allotted 68,288 equity shares of Rs. 10 each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs. 284,87,93,630 consisting 28,48,79,363 equity shares of Rs. 10 each.

Sesa Goa - Updates

Sesa Goa Ltd has informed BSE that the Board of Directors of the Company on September 24, 2009, has approved the launch of an offering of Foreign Currency Convertible Bonds ("FCCBs") of upto US$500 million, subject to the shareholders' approval and other terms. The "relevant date" under applicable regulations in India for the purposes of this FCCB offering is September 24, 2009.

The proceeds of this FCCB offering are intended to be used for financing the growth plans of Sesa, including an increase in the mining capacity through organic and inorganic routes.

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

SB&T International - Updates

SB&T International Ltd has informed BSE that M/s. Pramod S. Shah and Associates, Practising Company Secretaries have been appointed to act as a Scrutinizer to complete the necessary formalities with respect to the resignation of the existing Statutory Auditor of the Company through Postal Ballot and the cut - off date have been fixed as September 21, 2009 to decide the list of shareholders to whom the postal ballot forms would be delivered.

SBI - Updates

State Bank of India (SBI) has informed BSE that The Medium Term Note (MTN) programme for USD 1 billion set up by the Bank in November 2004 was upsized to USD 5 billion in February 2007. The Offering Circular (OC) under the MTN Programme has been updated on September 18, 2009 with the audited financial data as on March 31, 2009 and has been filed with the Singapore Stock Exchange.

Coromandel Fertilisers - Allotment of Equity Shares

Coromandel Fertilisers Ltd has informed BSE that the Share Transfer & Investors' Grievance Committee on September 22, 2009 allotted 83000 equity shares of Rs. 2/- each fully paid to the employees pursuant to ESOP 2007. Consequent to this allotment, the issued and paid up capital of the Company stands revised to 140027522 equity shares of Rs. 2/- each fully paid amounting to Rs. 280055044/-.

Titagarh Wagons - Updates

Titagarh Wagons Ltd has informed BSE that the Board of Directors of the Company on September 23, 2009 approved a restructuring cum reorganization of the Company's management structure as a part of such restructuring exercise by the promoters. Following this restructuring, Shri. Umesh Chowdhary stepped down from the position of Vice Chairman & Managing Director and Shri. J. P. Chowdhary assumed the role of the Managing Director and Chief Executive Officer (CEO) besides being its Chairman. Shri. Umesh Chowdhary shall continue to be a Director of the Company and shall primarily look after new projects to be taken by the Group.

Wednesday, September 23, 2009

Rolta India - Allotment of Equity Shares under ESOP

Rolta India Ltd has informed BSE that the Management Committee of the Board at its meeting held on September 23, 2009, considered allotment of 14,124 Equity Shares of Rs. 10/- each for cash at a premium in terms of the ESOP Scheme, upon exercise of option as detailed below:

- Particulars of Scheme: Employee Stock Option Scheme 2003 (4th Tranch)
- Number of Equity Shares: 14,124.

Siemens Healthcare - Updates

Siemens Healthcare Diagnostics Ltd has informed BSE regarding the following changes, which are approved the Board of Directors on September 22, 2009:

1. Mr. Narendra J. Jhaveri, Independent Director is appointed as a Chairman of the Board of Directors of the Company effective September 22, 2009.

2. Mr. Etienne Szivo has resigned from the Chairmanship of the Board of Directors effective September 22, 2009. Mr. Etienne Szivo shall continue to act as a Non executive director of the Company.

3. Mr. Pradip V. Nayak, Independent Director is appointed as a Chairman of the Audit Committee of the Board of Directors of the Company effective September 22, 2009.

4. Mr. Narendra J. Jhaveri has resigned from the Chairmanship of the Audit Committee of the Board of Directors of the Company effective September 22, 2009. Mr. Jhaveri shall continue to act as a member of the Audit Committee.

Mahindra Forgings - Updates

Mahindra Forgings Ltd has informed BSE that the Company had reported in the Annual Report for the Financial Year 2008-09 that as on March 31, 2009 17,82,000 Stock Options were granted and out of which 2,48,000 Options have been lapsed. Thereafter, 1,55,170 Options have further lapsed (current reporting) under Mahindra Forgings Employees' Stock Options Scheme. The total live Options 13,78,830.

Ajel signs with Telcordia

Ajel Infotech Ltd has informed BSE that Telcordia approved Ajel as their preferred vendor. Telcordia is a leading global provider of fixed mobile, and broadband communications software and services Company. With this partnership Ajel is expecting to generate a revenue of Rs. 5 Crores in this financial year. Ajel is in the process of expanding its IT based services has signed with Telcordia to provide Software Products and Solutions, Professional and Managed Services.

Steel Strips Wheels - Updates

Steel Strips Wheels Ltd has informed BSE that in terms of the Share Subscription Agreement dated January 11, 2008, entered into between Steel Strips Wheels Ltd. (SSWL) and Kalimati Investment Company Ltd. (a wholly owned subsidiary Company of Tata Steal Ltd.), Tata Steel Ltd. has nominated Sh. Rajeev Singhal, Chief of Marketing & Sales Long Product, as its nominee Director on the Board of the Company.

Kalimati Investments Company Ltd. owns 9.6l% shareholding in SSWL.

Fortis Healthcare - Updates

Fortis Healthcare Ltd has informed BSE that SEBI has, while granting its concurrence for the updated Letter of Offer filed on September 14, 2009, advised that there shall be no separate series of Detachable Warrants.

Accordingly, the Board of Directors of the Company has by way of a resolution passed by circulation, effected from September 22, 2009, amended the terms of the proposed Rights Issue as advised and also approved the amended Letter of Offer to be filed with the Stock Exchanges. Hence, the revised ratio for Issue of Detachable Warrants shall be one Detachable Warrant for every one Equity Share allotted in the Rights Issue.

Friday, September 18, 2009

ITC - Allotment of Shares

ITC Ltd has informed BSE that the Company on September 16, 2009 has issued and allotted 33,96,970 Ordinary Shares of Re. 1/- each, upon exercise of 3,39,697 Options by Optionees under the Company's Employee Stock Option Schemes.

Consequently, with effect from September 16, 2009, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 377,96,83,560/- divided into 377,96,83,560 Ordinary Shares of Re. 1/- each.

Godrej Industries - Updates

Godrej Industries Ltd has informed BSE that further 11,32,000 options have been exercised by the option grantees. The total number of options exercised under the GIL ESOP scheme till date is 18,02,000 options equivalent of 18,02,000 equity shares of Re. 1/- each.

Further the Company has informed that, since the options granted under the GIL ESOP scheme is administered through GIL ESOP Trust (Trust) whereby shares are purchased by the Trust from the open market based on the options granted by the Compensation Committee of the Board of Directors, there is no change in the issued, subscribed or paid-up capital of the Company on account of exercise of the options.

Allcargo Global - Updates

Allcargo Global Logistics Ltd has informed BSE that in accordance with the provisions of Section 81(1A) of the Companies Act, 1956 read with SEBI (DIP) Guidelines, 2000 as amended, the Company had issued and allotted 1,513,514 Warrants of Rs. 10 each convertible into equal number of equity shares of the Company at a price not less than Rs. 934 per equity share (including a security premium of at least Rs. 924 per equity share) to Blackstone GPV Capital Partners (Mauritius) V-K Ltd.. Blackstone GPV Capital Partners (Mauritius) V-L Ltd., Blackstone GPV Capital Partners (Mauritius) V-M Ltd. and Blackstone GPV Capital Partners (Mauritius) V-N Ltd. ("Investors" or "Warrant Holders") on preferential basis.

In accordance with the terms of the Investment Agreement, the Warrants so allotted are due for conversion at the option of the Warrant Holders at an exercise price of Rs. 1,284 per equity share, on or before September 26, 2009. The Warrant Holders have informed the Company about their intention to convert the Warrants into Equity Shares of the Company at an exercise price of Rs. 934 per equity share instead of Rs. 1,284 per equity share.

The Board of Directors of the Company considered the prevailing market conditions, the economic slowdown and the funding requirement of the Company, approved and accepted the revised exercise price vide resolution passed by circulation on September 17, 2009. The acceptance of the revised exercise price would necessitate amendments in the Investment Agreements executed amongst the Company, Promoters and Warrant Holders and also amendments in the Articles of Association of the Company. Accordingly, an Extraordinary General Meeting of the Members of the Company has been convened on October 15, 2009 to approve the amendments in the Articles of Association of the Company.

Ansal Properties - Updates

Ansal Properties & Infrastructure Ltd has informed BSE that in terms of:-

(i) FEMA Notification dated September 20, 2001 issued under FEMA, 1999, regarding raising of aggregate ceiling for investment by Foreign Institutional Investors (FIIs) in Indian companies under Portfolio Investment Scheme (PIS); and

(ii) necessary resolutions passed by the Board of Directors of the Company on June 15, 2009 and by the shareholders on the July 17, 2009 through Postal Ballot.

Reserve Bank of India (RBI) through its Press Release August 27, 2009, has permitted, by way of notification, registered FIIs and/ or approved sub account thereof to purchase the Equity Shares and/ or convertible debentures of the Company upto 49% of the total paid up capital of the Company under PIS pursuant to Regulation 5(2) of Foreign Exchange Management (Transfer or Issue of Security by a person resident outside India) Regulations, 2000 read with Schedule 2 thereof.

HDFC - Allotment of Equity Shares

Housing Development Finance Corporation Ltd (HDFC) has informed BSE that the Corporation on September 18, 2009, allotted 27,530 equity shares of Rs 10 each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs 284,81,10,750 consisting 28,48,11,075 equity shares of Rs 10 each.

Hindustan Unilever - Allotment of equity shares

Hindustan Unilever Ltd has informed BSE that the Committee of the Board, at its meeting held on September 17,, 2009, has allotted 67,440 Equity Shares of Re. 1/- each under ESOP.

Therefore, the paid-up capital of the Company has increased to 218,08,98,100 shares & the issued capital has increased to 221,11,33,872 shares.

Patni Computer - Allotment of Equity Shares

Patni Computer Systems Ltd has informed BSE that the Compensation & Remuneration Committee of Directors of the Company vide resolution September 11, 2009 allotted 101,900 equity Shares of per value of Rs. 2/- each to certain employees including 50,000 underlying equity shares of per value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 25,000 American Depositary Shares (ADSs) pursuant to the exercise of ADR Linked options.

3i Infotech - QIP - Opening of the issue

3i Infotech Ltd has informed BSE that, pursuant to the authorization given by the Members of the Company under section 81(1A) of the Companies Act, 1956 and other applicable guidelines, the Company has decided to make an issuance of equity shares of face value of Rs 10 each of the Company through the Qualified Institutions Placement (QIP) route. In this regard, the Committee of Directors in their meeting held on September 17, 2009 has decided to launch the issue.

Alok Industries - Outcome of Rights Issue Committee

Alok Industries Ltd has informed BSE that the Committee of Directors formed for the purpose of dealing with various issues related to Company's Rights Issue at its meeting held on May 05, 2009, issued and allotted 16,40,03,131 partly paid up rights equity shares (paid upto the extent of Rs. 6/- per share i.e. Face Value - Rs. 5/- and Premium - Re. 1/-).

The Committee of Directors for the Rights Issue at its meeting held on September 17, 2009 approved the conversion of 3rd lot comprising of 1,58,01,793 partly paid rights equity shares into fully paid equity shares of Rs. 10/- each pursuant to receipt of full and final call money Rs. 5/- per equity share from the holders of such partly paid shares.

Thursday, September 17, 2009

CCAP - Updates on Open Offer

Sumedha Fiscal Services Ltd ("Manager to the Offer") on behalf of M/s Ramayana Promoters Pvt Ltd ("Acquirer") has issued this Corrigendum to the Public Announcement to the Shareholders of CCAP Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated August 06, 2009, pursuant to and in compliance with Regulation 10 & 12 and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The shareholders of Target Company are requested to note the following with respect to the PA:

1. Pursuant to the terms of the SPA dt. July 31, 2009 and in compliance with the terms of the Regulation 22(7) of the Regulations, Mr. Shib Ram Nag and Mr. Samar Nag, representative of the Acquirer were appointed as additional directors on the Board of Target Company in the Board meeting held on August 28, 2009.

2. The Acquirer had deposited the entire purchase consideration with Mr. Chirantan Mukherjee on the date of signing of the SPA itself which had been duly acknowledged by Mr. Chirantan Mukherjee.

3. The time schedule of the offer remains unchanged.

All other terms and conditions of the Offer remain unchanged.

Sharon Bio-Medicine - Updates

Sharon Bio-Medicine Ltd has informed BSE that Foreign Currency Convertible Bonds (FCCBs) of US$ 16.5 mn issued in the month of November 2007, Price Reset date in regards to the above being date 12 months from the date of issue and the date following each period of six months thereafter up to maturity date.

Therefore, the Company's price reset date is May 26, 2009 being 6 months from earlier Price Reset date of issue i.e. November 27, 2008.

The Minimum conversion price for the above mentioned bonds is INR 228.04 per share.

Therefore, as per the terms and conditions mentioned in the offering circular of the above bonds, the Company's Reset Conversion price on May 26, 2009 is INR 228.04 per share for the above mentioned Foreign Currency Convertible Bonds.

HFCL Infotel - Updates

HFCL Infotel Ltd has informed BSE that IDBI Bank Ltd, Life Insurance Corporation of India, Oriental Bank of Commerce, ING Vysya Bank Ltd, State Bank of Patiala, HDFC Bank Ltd and Punjab National Bank ("Lenders") have provided/ sanctioned certain credit facilities to the Company.

The Corporate Debt Restructuring Cell ("CDRC") in connection with the aforesaid credit facilities has offered to restructure the aforesaid credit facilities vide its letter dated August 13, 2009. The IDBI Bank Ltd. vide its letter dated September 10, 2009 ("Letters") has accorded its in principle approval to proposed restructuring of the credit facilities provided by the Lenders to the Company.

At the meeting of the Board of Directors of the Company ("Board") held on September 12, 2009, has:

1. Accepted the terms and conditions to the extent applicable on the Company as offered vide the Letters in connection with restructuring the credit facilities provided / sanctioned by the Lenders to Infotel; and

2. Approved to do all such acts, deeds and things as may be necessary for the purposes of accepting and implementing the terms contained in the Letters and any other terms and conditions that may be specified by the Lenders in connection with the restructuring the aforesaid credit facilities.

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: 1,448

2. Scheme: ESOP 2000 plan
Options Exercised: 2,202

3. Scheme: ESOP 2003 plan
Options Exercised: -

4. Scheme: ESOP 2004 plan
Options Exercised: 5,072

Total : 8,722

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

Emami - Updates on Scheme of Arrangement

Emami Ltd has informed BSE that at the meeting of the Equity Shareholders of the Company held on September 11, 2009 convened on the direction of the High Court of Calcutta, the shareholders have approved the Scheme of Arrangement in terms of Section 391 to 394 of the Companies Act, 1956 between Emami Ltd, The Zandu Pharmaceutical Works Ltd and Emami Infrastructure Ltd.

Reliance Industries - Sale of RIL shares by Petroleum Trust

Reliance Industries Ltd (RIL) has informed BSE that Petroleum Trust sold 1,50,00,000 equity shares of the Company on September 17, 2009. Reliance Industrial Investments and Holdings Ltd, a wholly owned subsidiary of RIL, is the sole beneficiary of the Trust.

The sale of the said shares was executed on September 17, 2009 and will be settled on the stock exchanges.

The Trust will realize approximately Rs 3,188 crore, at an average price of about Rs 2125 per share. The shares are carried in the books at a cost of Rs 158 per share by the Trust. The financial impact will be reflected in the consolidated statements of the Company.

Wednesday, September 16, 2009

HDFC - Updates

With reference to the earlier announcements dated August 18, 2009, August 20, 2009, August 21, 2009 & August 24, 2009 regarding Issue of Warrants simultaneously with the issue of Non-Convertible Debentures (NCDs) to Qualified Institutional Buyers (QIBs) on a Qualified Institutions Placement (QIP) basis in accordance with Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (SEBI DIP Guidelines), Housing Development Finance Corporation Ltd (HDFC) has informed BSE that the Foreign Investment Promotion Board [FIPB] has, vide letter dated September 14, 2009, approved the issue and allotment of 1,09,53,706 Warrants to QIBs resident outside India including Foreign Institutional Investors [FIIs] on a QIP basis pursuant to and in accordance with the SEBI DIP Guidelines.

Alps Industries - Updates

Alps Industries Ltd has informed BSE that the Company had submitted a formal proposal to its lead banker, State Bank of India, for registration under Corporate Debt Restructuring Cell (CDR) to restructure the borrowings from various banks. The Company has further informed that, the proposal for restructuring of debt under CDR Scheme has been approved by the authorities at their meeting held on August 31, 2009. It has been communicated to the Company vide their letter dated September 11, 2009, received by the Company on September 14, 2009.

Marico - Press Release

With reference to the earlier announcement dated July 08, 2009 about the Initial Public
Offer (IPO) in Bangladesh by Marico's wholly owned subsidiary, Marico Bangladesh Ltd (MBL). The Company had also vide its letter dated August 06, 2009 informed about the offer of further ordinary shares which enhanced the aggregate IPO issue to 31,50,000 ordinary shares of Taka 10 each at an issue price of Taka 90 per share (including a premium of Taka 80 each), Marico Ltd has now informed BSE that MBL has signed the Listing agreement on September 16, 2009 with the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) and trading has commenced soon thereafter.

In this regard, the Company has issued a copy of Press Release issued by MBL dated September 16, 2009 titled "Marico Signs Listing Agreement, Trading starts from 16th September"

HCL Infosystems - Updates

With reference to the earlier announcements dated August 14, 2009, August 25, 2009 and September 01, 2009 relating to:

1. Issuance of Convertible Warrants not exceeding Rs. 322 Crores including premium to Promoters; and

2. Issuance in the form of Equity shares or Equity linked securities or a combination thereof in the domestic and/or international offerings and/or Qualified Institutions Placements ("QIP") for a value not exceeding Rs. 500 Crores including premium, HCL Infosystems Ltd has submitted a copy of the Notice to the Shareholders of the Company published in the Newspapers.

Marsons - Updates

Marsons Ltd has informed BSE that the Company in principal has agreed to enter into a technical collaboration agreement with Kryfs Power Components Ltd having their Manufacturing unit at Survey No.19/1/1/2, Kherdi Village, Silvassa - 396230 (D.N&H).

With this the Company will have its presence in Western India through the contract executed therein and the Company is hopeful to grave a better market share in that part of the country resulting the boost in total turnover and profitability of the Company.

IOC - Updates

Indian Oil Corporation Ltd (IOC) has informed BSE that pursuant to the disinvestment of its equity holding in Oil India Ltd by the Government of India, Indian Oil Corporation Ltd. has purchased 10700220 equity shares of Rs. 10/- each of Oil India Ltd. for a total amount of Rs. 1123.52 crore from the Government of India. Thus, Indian Oil Corporation Ltd. holds 5% of the equity capital in Oil India Ltd.

Elantas Beck - Updates

Elantas Beck India Ltd ("EBIL) has informed BSE that EBIL signed an Asset Purchase Agreement with M/s. Shimo Resins Pvt. Ltd, Pune ("SRPL") on September 15, 2009, for purchase of SRPL's technical know-how and other business intangibles in the field of manufacturing filled Epoxy and Polyurethane Resins, hardeners and catalysts used in casting, potting, encapsulating and sealant applications. The Board of Directors has given their approval for this purchase.

SRPL had a turnover of Rs. 13.8 Crores during the last year ended March 31, 2009.

EBIL sees this as a strategic step towards strengthening its knowledge base in resin technology and, in the long run, will be in a position to provide a wider product
range to its customers.

Dewan Housing - Allotment of equity shares

Dewan Housing Finance Corporation Ltd has informed BSE that Committee of Directors at its meeting held on September 15, 2009, have allotted 26,704 fully paid up equity shares of Rs. 10/- each to employees of the Company in terms of the Employee Stock Option Scheme (ESOS).

The said equity shares rank pari-passu in all respects with the existing equity shares of the Company.

With the aforesaid allotment the paid up share capital of the Company stands increased to Rs. 81,98,60,280/- divided into 8,19,86,028 Equity Shares of face value of Rs. 10/- each.

Triveni Engineering - Updates

Triveni Engineering & Industries Ltd has informed BSE that The Uttar Pradesh Electricity Regulatory Commission (UPERC) Lucknow vide its order dated September 09, 2009 - "Uttar Pradesh Electricity Regulatory Commission (Terms and Conditions of supply of power from Captive and Non-conventional Energy Generating Plants) Regulations, 09" (CNCE Regulations' 09) has determined the new effective tariff for existing Bagasse based co-gen projects from financial years 2009-2010 to 2013-14. CNCE Regulations' 09 shall come into effect from October 01, 2009. Based on the abovementioned order of UPERC, the effective tariff rate for bagasse based co-gen plants of the Company will stand increased progressively by approx 30%.

Tuesday, September 15, 2009

Reliance Industries - Updates on Scheme of Amalgamation

Reliance Industries Ltd has informed BSE that "The Board of Directors of the Company have fixed September 29, 2009 as the 'Record Date' for the purpose of determining the shareholders of Reliance Petroleum Ltd ("RPL / Transferor Company") who will be entitled to receive Equity Shares of the Company in terms of the Scheme of Amalgamation of RPL with the Company (the Scheme).

In accordance with the Scheme, the Company will issue and allot Equity Shares of Rs 10/- each to the shareholders of the Transferor Company as on the record date in the ratio of 1 (One) equity share of the Company for every 16 (Sixteen) Equity Shares of the Transferor Company".

Further, the Company has submitted to BSE note on the Scheme of Amalgamation of Reliance Petroleum Ltd with Reliance Industries Ltd.

Borax Morarji - Updates

With reference to the earlier annoucement regarding the proposed sale of the Company's Timber Division at Shenbagaraman Puthur, Tamil Nadu, Borax Morarji Ltd has now informed BSE that the Company initiated the sale process. The process is now complete and effective from August 28, 2009 the Timber Division has been sold / transferred to Dr. S Suthakar, Borotik India Products, Nagarcoil, Tamil Nadu State at a consideration of Rs 3,61,00,000/- (Rupees three crores sixty one lakhs only).

Electrosteel Castings - Updates

Electrosteel Castings Ltd has informed BSE that the Board of Directors on March 11, 2008 allotted 87,00,000 convertible warrants issued for cash of Rs. 68/-per share to a Foreign Company. As per provisions of SEBI (DIP) Guidelines, the Company had also received Rs. 591.60 Lakhs representing 10% of the total consideration towards allotment of said warrants.

In terms of SEBI (DIP) Guidelines, the said warrants were convertible within 18 months from the date of allotment and the last date of conversion was September 11, 2009. As the applicant did not opted for conversion of said warrants within the permissible time of 18 months, the entire amount received thereon from the applicant stands forfeited and accordingly, all 87,00,000 convertible warrants stands cancelled.

Idea Cellular - Updates

Idea Cellular Ltd has informed BSE that the Board of Directors of the Company has approved
proposal contemplating De-merger of Demerged undertaking comprising of Unified Access Services License (UASL) of Bihar (including Jharkhand) Service Area and certain assets and liabilities of Aditya Birla Telecom Ltd (a wholly owned subsidiary) to the Company under a Scheme of Arrangement under sections 391 to 394 of the Companies Act, 1956.

Further the Company has informed that the Company proposes to approach the Stock Exchange / High Court shortly for their respective approvals.

Bajaj Hindusthan - Increase in the effective tariff for Bagasse based co-gen project in U.P

Bajaj Hindusthan Ltd has informed BSE that the Uttar Pradesh Electricity Regulatory Commission, Lucknow (UPERC) vide its Order date September 09, 2009 reviewed CNCE Regulations 2005 and passed an order - "Uttar Pradesh Electricity Regulatory Commission (Terms and Conditions of supply of power from Captive and Non-conventional Energy Generating Plants) Regulations, 09" (CNCE Regulations '09) has determined the new effective tariff for existing Bagasse based co-gen projects from the financial years 2009-2010 to 2013-2014. CNCE Regulations '09 shall come into effect from October 01, 2009.

By virtue of the above Order of UPERC, the effective tariff rate for bagasse based co-gen plants of the Company will stand increased progressively by approx. 30%.

Monday, September 14, 2009

Dolphin Offshore - Updates

Dolphin Offshore Enterprises India Ltd has informed BSE that the Company has received Conversion Notice from Clearwater Capital Partners (Cyprus) Ltd. through The Bank of New York Mellon for converting 3495 Foreign Currency Convertible Bonds (FCCBs) of Rs. 1,000/- each. Accordingly, the Managing Committee of the Company at its meeting held on September 14, 2009 allotted 9,84,895 Equity Shares of Rs. 10/- each for a cash at a premium of Rs. 151/- by conversion of Bonds worth USD 3,495,000 (US Dollar Thirty Four Lakhs Ninety Five Thousand). The status of FCCBs are as under:

Initial Issue - USD 15,000,000
First Conversion - USD 3,000,000
Second conversion - USD 3,495,000

Balance to be converted - USD 8,505,000.

Balrampur Chini - Updates

Balrampur Chini Mills Ltd has informed BSE that The Uttar Pradesh Electricity Regulatory Commission vide Order dated September 09, 2009 - "Uttar Pradesh Electricity Regulatory Commission [Terms and Conditions of supply of power from Captive and Non-conventional Energy Generating Plants) Regulations, '09" (CNCE Regulations'09] has determined the
new effective tariff for existing Bagasse based co-gen projects for the period FY
2009-10 to FY 2013-14.

By virtue of the above Order of UPERC, the effective tariff rate for bagasse based cogen plants has been increased by 30% on an average.

Patni Computer clarifies on news item

With reference to the news item appearing in a leading financial daily dated September 14, 2009 titled "Patni brothers revive stake sale talks", Patni Computer Systems Ltd has clarified to BSE that the Company has not received any intimation from the stake holders referred in the said news item to sell any stake in the Company. It appears to be speculative news item and as such the Company does not comment on such news item.

HDIL - Updates

Housing Development & Infrastructure Ltd (HDIL) has informed BSE that the Income tax Department had conducted a raid on HDIL office premises and promoters residences on 10th & 11th September 2009. During the course of raid, HDIL has agreed to offer approx. Rs. 350 Crore as income to be booked in remaining quarters of financial year 2009-10. Income of Rs. 350 Crore as calculated by Income Tax Department are based on initial entries in books of accounts mostly relating to current financial year i.e. 2009-10, which Company would have irrespectively booked during the current financial year on completion of transaction and taxes paid as per provisions of Income tax Act.

Further, the Company would also clarified that, according to the Company there is no undisclosed income, tax evasion, levy of penalty etc for any previous years or current year as reported in various newspaper and media. There will not be any substantial change to tax liability or revision in income booked of earlier accounting years.

Silverline Technologies - Updates

Silverline Technologies Ltd has informed BSE that:

"Silverline Technologies Ltd.'s capabilities of Adaptive Business connectivity - a breakthrough technology that leverages the Internet with your existing enterprise infrastructure, delivering rapid integration and expanded connectivity links.

Silverline Technologies commitments to provide ongoing support services of envoy products for its fortune customers has resulted into renewal of contract worth 2.5 crores of services for large customer in USA within Insurance, pharma industry.

Silverline Technologies Ltd. will also offer connectivity software solutions and services for Indian customers in addition to the global customers."

ING Vysya Bank - Allotment of Equity Shares

ING Vysya Bank Ltd has informed BSE that the Investors Committee at its meeting held on September 11, 2009, has approved the following:

The allotment of 92,70,455 Equity Shares to Qualified Institutional Buyers at a Price of Rs. 248.10 per share (including a premium of Rs. 238.10 per Equity Share) by way of Qualified Institutions Placement.

The allotment of 74,93,478 Equity Shares to ING Mauritius Holdings and ING Mauritius
Investments I at a Price of Rs. 248.10 per share (including a premium of Rs. 238.10 per Equity Share) through Preferential Issue.

IOC Board recommends Bonus Issue

Indian Oil Corporation Ltd (IOC) has informed BSE that the Board of Directors of the Company at its meeting held on September 13, 2009, has recommended for the approval of shareholders, the issue of Bonus Shares in the ratio of 1:1 i.e. one new bonus equity share of Rs. 10/- each for every one equity share of Rs. 10/- each held.

Further the Company has informed that, Bonus Shares, if issued in the ratio of 1:1, after the approval of the shareholders, would result in a capitalisation of a sum of Rs. 1213,97,62,410/-. The Paid-up Equity Capital of the Company would stand revised to Rs. 2427.95 crore from the present level of Rs. 1213.98 crore.

Friday, September 11, 2009

Zuari Industries - Updates

Zuari Industries Ltd has informed BSE that the Govt. of India, Ministry of Environment and Forests vide its letter dated September 01, 2009 has granted Environmental Clearance to revamp ammonia plant for changeover of feedstock from Naptha to NG/RLNG and reduction of specific energy consumption alongwith debottlenecking the capacity of ammonia-urea plants.

Clearance has also been granted for changeover of fuel from FO to NG/RLNG in the utility boiler alongwith debottlenecking the capacity of NPK plant A & B with product mix change at Zuarinagar, Goa.

Power Grid - Updates

Power Grid Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 24, 2009 have accorded approval to the following:

"Powergrid's Equity Participation of 26% in the Joint Venture Company to be formed amongst (1) IL&FS Energy Development Company Ltd. (2) Satluj Jal Vidyut Nigam Ltd (26% equity participation) and (3) Powergrid for Establishment of Muzaffarpur-Sursand Section of 400 KV D/C Muzaffarpur-Dhalkebar Indo-Nepal Cross Border Transmission Line."

Godrej Industries - Updates

Godrej Industries Ltd has informed BSE that further 4,70,000 options have been exercised by the option grantees. The total number of options exercised under the GIL ESOP scheme till date is 6,70,000 options equivalent of 6,70,000 equity shares of Re. 1/- each.

Further the Company has noted that, since the options granted under the GIL ESOP scheme is administered through GIL ESOP Trust (Trust) whereby shares are purchased by the Trust from the open market based on the options granted by the Compensation Committee of the Board of Directors, there is no change in the issued, subscribed or paid-up capital of the Company on account of exercise of the options.

Aarti Industries - Updates on Scheme of Amalgamation

Aarti Industries Ltd has informed BSE that the Amalgamation of Avinash and Surfactant with Aarti, has been approved by the High Court of Gujarat at Ahmedabad and Bombay High Court on September 01, 2009 and August 07, 2009 respectively.

The Company has filed the Ahmedabad High Court order with the Ministry of Company Affairs, Ahmedabad on September 10, 2009 and the Bombay High Court order with the Ministry of Company Affairs, Mumbai on September 02, 2009. On filing of the said orders the Amalgamation has become Effective from April 01, 2008 (Appointed Date).

Asian Paints - Updates

Asian Paints Ltd has informed BSE that Berger international Ltd, Singapore (BIL), a subsidiary of Asian Paints (International) Ltd., which is a wholly owned subsidiary of the Company, has entered into a conditional share purchase agreement for divestment of its entire stake in Berger Paints (Hong Kong) Ltd, Hong Kong subject to such sanctions and approvals as may be necessary.

The Company has submitted to BSE a copy of the announcement made to the Singapore Stock Exchange by BIL.

Essar Oil - Updates

Essar Oil Ltd has informed BSE that Vadinar Power Company Ltd (VPCL), subsidiary of the Company, has raised additional equity to part finance its expansion project for increasing its power generation capacity.

Due to the increase in paid-up capital of VPCL the percentage shareholding of Essar Oil Ltd. in VPCL has reduced from 53.24% to 26.01% and consequently VPCL has ceased to be a subsidiary of the Company.

ABM Knowledgeware - Updates

ABM Knowledgeware Ltd has informed BSE that the Company has been conferred on the prestigious NASSCOM EMERGE 50 LEADER Award by NASSCOM in a glittering Award ceremony held in New Delhi on August 28, 2009. This recognition has been given to ABM in the category of Emerge Domestic Market- exclusively for the emerging IT Companies to showcase their unique value proposition and create a distinct niche for themselves. The Award was conferred on Mr. Prakash Rane, Managing Director, ABM Knowledgeware Ltd by Mr. Som Mittal, president, NASSCOM. With this Award, ABM has been branded as NASSCOM Emerge 50 Leaders.

There were a total of 205 entries received from 22 cities, consisting of 37 in Growth category, 67 in Services, 58 in Products and 43 in Markets. Out of the total 205 applications, 50 Companies have been shortlisted and again out of these 50 Companies, only 10 finalists in the four categories have been branded as Nasscom Emerge 50 Leaders.

This particular recognition will be useful in better visibility of ABM in the industry and will be useful in attracting Business Partners as well as in attracting suitable Talent to work for ABM.

Fortis Healthcare - Updates

Fortis Healthcare Ltd has informed BSE that the Members of the Issue Committee have, by way of a resolution passed by circulation, effected on September 10, 2009, approved the revised treatment of the fractional entitlements, resulting from the Issue of Equity Shares and Issue of Detachable warrants, pursuant to the Right Issue.

The Company has submitted to BSE a revised treatment of fractional entitlements.

Sterling Holiday - Updates on Open Offer

Collins Stewart Inga Pvt Ltd ("Manager to the Offer") for and on behalf of Indus Hospitality Fund Ltd ("Acquirer") along with India Discovery Fund Ltd ("Person Acting in Concert" or "PAC") has issued this Corrigendum to the Public Announcement to the Equity Shareholders of Sterling Holiday Resorts India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated June 08, 2009, pursuant to Regulation 10 & other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("Regulations").

Terms used but not defined in this Announcement have the same meanings as assigned to them in the PA.

Shareholders of the Target Company are requested to note the following:

The Court of 2nd Additional Senior Civil Judge at Gandhinagar has passed an order dated September 03, 2009 in a civil suit instituted by Gujarat Industrial Investment Corporation Ltd ("GIIC"), inter alia restraining the Target Company, Acquirer, PAC, Manager to the Offer & Registrar to the Offer ("Defendants") from taking further steps in respect of the PA. The Target Company has moved the Hon'ble District Court at Gandhinagar ("Hon'ble Court") preferring an appeal against the aforementioned order. The matter is pending before the Hon'ble Court.

Accordingly, the schedule in paragraph 10.16 of the PA stands revised and a public announcement with the revised schedule for the Offer will be issued in due course in the same in which the PA was published.

All the Other Terms & Conditions remain unchanged.

Tainwala Chemicals - Updates

Tainwala Chemicals & Plastics India Ltd has informed BSE that the Company has received a Special Notice from a member proposing to pass an ordinary resolution at the Annual General Meeting (AGM) of the Company, to be held on September 23, 2009, for removing Mr. Dungarmal Tainwala (whole time Director) from the office of Director of the Company and the same has been published in News Papers. The Company has submitted to BSE a copy of News Paper Cuttings.

Jayshree Chemicals - Updates

Jayshree Chemicals Ltd has informed BSE that Orbit Udyog Pvt Ltd, a promoter group Company, holding 1,25,208 Equity Shares of Rs 10/- each, fully paid-up, being 2.348% of the Paid-up Share Capital of the Company has, vide letter dated September 08, 2009, informed the Company that they have sold 5,000 Equity Shares of the Company on September 07, 2009.

The shareholding of Orbit Udyog Pvt Ltd in the Company after such sale has become 1,20,208 Equity Shares being 2.254% of the Company's paid-up Share Capital.

Flawless Diamond - Updates

Flawless Diamond (India) Ltd has informed BSE that the Company is venturing into Designer Gold Jewellery in the local market aggressively looking at the Government Policies to boost Gem & Jewellery Sector. Company has also decided to set up designing centre for traditional and contemporary designer jeweller. Company will also look into setting up manufacturing facilities for light weight gold jewellery as per European standard.

The Company is also looking into utilizing the facility at Company's Dehradun factory by manufacturing light weight gold jewellwey in various purity form.

Company's Managing Director Mr. Bhawar U Jain says that, "We are very happy with the growth of the Company and it has posted better growth quarter on quarter consistently. As per the part of its expansion plan of retail chain stores for retailing its banded and non branded Designers Jewellery, the Company has a large Designer bank for its designer Jewellery. The Company has strong backup of its Designs Bank created by Company's R&D Division."

Thursday, September 10, 2009

IEC Education - Updates

IEC Education Ltd has informed BSE that the Company, on receipt of all the requisite approvals, on March 10, 2008, allotted 70,00,000 warrants at an Issue Price of Rs. 10/- each, to persons belonging to promoter and non promoter category. The allottees paid upfront 10% amount (i.e. Rs. 3/- each) at the time of allotment thereof. The same were convertible into equivalent number of Equity Shares, within a period of 18 months from the date of allotment thereof.

Out of the total warrants, on September 11, 2008, 30,00,000 warrants were converted into equivalent number of Equity Shares and on August 28, 2009, another 20,00,000 warrants have been converted into equivalent number of Equity Shares.

The conversion option in respect of balance 20,00,000 warrants has not been exercised by the allottees, and thus, Rs. 3/- each received in respect thereof stands forfeited.

Jayshree Chemicals - Updates

Jayshree Chemicals Ltd has informed BSE that Orbit Udyog Pvt. Ltd, a promoter group Company, holding 1,30,208 Equity Shares of Rs. 10/- each, fully paid-up, being 2.442% of the Paid-up Share Capital of the Company has, vide letter dated September 07, 2009 informed the Company that they have sold 5,000 Equity Shares of the Company on September 04, 2009.

The shareholding of Orbit Udyog Pvt. Ltd in the Company after such sale has become 1,25,208 Equity Shares being 2.348% of the Company's paid-up Share Capital.

Godrej Industries - ICRA Ratings

Godrej Industries Ltd has informed BSE that, after surveillance, ICRA Ltd (ICRA) has reaffinned the following:

1. Rating for Commercial Paper Programme :

ICRA has reaffirmed the A1+ (pronounced as A one plus) rating to Commercial Paper Programme of Rs 140 crore (enhanced from Rs 100 crore; with Rs 80 crore to be issued on a standalone basis) of the Company.

A1+ indicates the highest-credit-quality rating assigned by ICRA for the short-term. Instruments rated in this category carry the lowest credit risk in the short term.

2. Rating for Short Tenn Loan and Non-Fund Based Limits :

ICRA has reaffirmed the A1+ (pronounced as A one plus) rating to (a) Short Tenn Loan of Rs 225 crore of the Company and (b) Non-Fund based limits of Rs 370 core of the Company.

A1+ indicates the highest-credit-quality rating assigned by ICRA for the short term. The rated Lines(s) of Credit carries lowest credit risk.

3. Rating for Long Term Loan, Fund Based Limits and Non-Eund Based Limits:

ICRA has reaffirmed the LAA (pronounced as L double A) rating to (a) Long Term Loan of Rs 250 crore of the Company (b) Fund Based limits of Rs 90 core of the Company and (c) Non-Fund Based limits of Rs 30 crore of the Company.

LAA indicates the high rating assigned by ICRA. The rated instrument carries low credit risk.

Punj Lloyd - updates

Punj Lloyd Ltd has informed BSE that the committee of directors of the Company, on September 10, 2009 has allotted 1750 (one thousand seven hundred and fifty only) Secured Redeemable Non Convertible Debentures of Rs 10,00,000 (Rupees ten lac) each aggregating to Rs 175,00,00,000 (Rupees one hundred and seventy five Crore only) and 42,500 (forty two thousand five hundred only) Secured Redeemable Non Convertible Debentures of Rs 1,00,000 (Rupees one lac) each aggregating to Rs 425,00,00,000 (Rupees four hundred and twenty five Crore only) on private placement basis.

Gontermann Peipers - Updates

Gontermann Peipers India Ltd has informed BSE that the operations of the Company which was adversely affected due to the economic meltdown has started recovering and the Company is targeting full capacity utilization. The Company is at present having a healthy order book position. The Company has received order worth Rs. 12 Crores (approx.) from Jindal Power and Steel for its Raigarh plant and order amounting to Rs. 17.50 Crores from JSW Ltd for supply of rolls for its plants at Bellary.

Madhucon Projects clarifies on News Item

With reference to the news item appearing in a leading financial daily titled "Madhucon Plan 3 SPVs into 1, then list, raise Rs. 500-600 cr", Madhucon Projects Ltd has clarified to BSE that the article which is published in news paper is regarding the plans to raise Rs. 500-600 crore through initial public offer (IPO) is relating to Madhucon Infra Ltd (an unlisted Company).

Omaxe - Updates

Omaxe Ltd has informed BSE that M/s Rivaj Infratech Pvt Ltd, a subsidiary of the Company has entered into Memorandum of Understanding with Bulandshahar Development Authority for the development of Hi-Tech Township in Bulandshahar, Uttar Pradesh on a proposed area of 3601.19 Acres. The proposed Hi-Tech Township is well connected to Delhi, located in NCR Region adjoining Greater Noida adjacent to proposed Eastern Peripheral Expressway and North-East Railway Freight Corridor and will have estimated revenues of over Rs 75O0 Crores and is to be executed in Phases over a period of 5 to 7 years.

Gammon India - Allotment of Shares pursuant to Scheme of Amalgamation

Gammon India Ltd has informed BSE that pursuant to the Scheme of Amalgamation of Associated Transrail Structures Ltd (ATSL) ('The Transferor Company') with Gammon India Ltd (GIL) ('The Transferee Company'), the Company on September 09, 2009 has issued and allotted 2,01,16,226 fully paid up Equity Shares of Rs. 2/- each to the shareholders of the erstwhile ATSL as on the record date, i.e. September 03, 2009 in the ratio of 2:1 equity shares i.e. 2 (two) equity shares of Rs. 2/- each fully paid up of Gammon India Ltd for every 1 (one) equity share of Rs. 10/- each fully paid up of Associated Transrail Structures Ltd.

Wednesday, September 9, 2009

Artson Engineering - Updates

Artson Engineering Ltd has informed BSE that the Board for Industrial and Financial Reconstruction (BIFR) has :

1. Vide its order dated August 21, 2009, appointed Mr. Shashikant Waman Oak as a Special Director of the Company with effect from the date of the said order.

2. Vide its order dated August 31, 2009, informed that Mr. Michael Bastlan has ceased to be a Special Director of the Company with effect from the date of the said order.

Varun Industries - Updates

Varun Industries Ltd has informed BSE that Varun Petroleum SARL, Madagascar, a subsidiary
of the Company has signed a new Production Sharing Contract (PSC) with OMNIS of Madagascar, for an off-shore Gas Block covering area of approximately 13200 Square Kilometers on the basin of Indian Ocean.

It is further notified that according to the agreement, Varun Petroleum SARL will have the right to explore, exploit and off-shore mining in the East coast point of Sainte Marie Region.

Tilak Finance - Open Offer

Intensive Fiscal Services Pvt Ltd ("Manager to the Offer") on behalf of Handful Investrade Pvt Ltd ("Acquirer"), has issued this Public Announcement ("PA") to the equity Shareholders of Tilak Finance Ltd ("Target Company"), 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 and subsequent amendments thereto ("SEBI (SAST) Regulations" or "Regulations").

The Offer:

The Acquirer hereby makes this Offer to the shareholders (other than the parties to the SPA) of the Target Company to acquire up to 49,000 equity shares of Rs 10/- each, representing in aggregate 20% of the voting capital of the Target Company in terms of Regulation 21(1) of the SEBI (SAST) Regulations, at a price of Rs 15/- (Rupees Fifteen only) per fully paid up equity share ("Offer Price") payable in cash.

Schedule of Activities:

Specified Date - September 26, 2009

Date of Opening of the Offer - October 23, 2009

Date of Closing of the Offer - November 11, 2009

Uttam Galva - Open Offer

SBI Capital Markets Limited ("Manager to the Offer"), for and on behalf of ArcelorMittal Netherlands B.V., Netherlands ("Acquirer"), has issued this Public Announcement ("PA") to the equity Shareholders of Uttam Galva Steels Ltd ("Target Company"), in compliance with Regulations 10 and 12 and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST)Regulations"/ "Regulations"). No person / individual / entity is acting in concert with the Acquirer for the purposes of this Offer.

The Offer:

This Offer is made to all the equity shareholders of the Target Company in terms of Regulations 10 and 12 of the SEBI (SAST) Regulations to acquire 3,52,26,233 equity shares of face value Rs 10 each of the Target Company forming 25.76% of the Emerging Voting Capital as computed under paragraph 28 (which is 29.39% of the existing voting capital) of the Target Company at a price of Rs 120.00 (Rupees One Hundred and Twenty Only) for each fully paid-up equity share ("Offer Price") to be paid in cash in accordance with the SEBI (SAST) Regulations, and subject to the terms and conditions mentioned in PA and as will be set out in the Letter of Offer in relation to the Offer ("Letter of Offer") and Form of Acceptance-cum-Acknowledgement. The total maximum consideration payable in cash for the above transaction is aggregating to Rs 422,71,47,960 (Rupees Four Hundred and Twenty-Two Crores Seventy-One Lacs Forty-Seven Thousand Nine Hundred and Sixty Only) ("Offer Size").

Schedule of Activities:

Specified Date - September 18, 2009

Date of Opening of the Offer - October 31, 2009

Date of Closing of the Offer - November 19, 2009

Rei Agro Board approves Right Issue

Rei Agro Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 09, 2009, inter alia, has approved the following:

1. Issue of right shares (equity shares) to existing shareholders of the company up to Rs. 1500 Crores.

2. Constitution of committee of Directors to approve Draft Letter of Offer, to decide the ratio and pricing of the issue and to take any other decisions with reference to the above on behalf of the Board of Directors, comprising Mr. Sandip Jhunjhunwala, Managing Director, Mr. A. Chatterjee, Director and Mr. Mandan Mishra, Company Secretary of the Company (the "Committee").

Jayshree Chemicals - Updates

Jayshree Chemicals Ltd has informed BSE that Orbit Udyog Pvt Ltd, a promoter group Company, holding 1,46,008 Equity Shares of Rs 10/- each, fully paid-up, being 2.738% of the Paid-up Share Capital of the Company has, vide letter dated August 29, 2009, informed the Company that they have sold 800 Equity Shares of the Company on August 28, 2009.

The shareholding of Orbit Udyog Pvt Ltd in the Company after such sale has become 1,45,208 Equity Shares being 2.723% of the Company's paid-up Share Capital.

Television Eighteen - Outcome of Rights Issue Committee

Television Eighteen India Ltd has informed BSE that the Rights Issue Committee of the Board of Directors of the Company, at its meeting held on September 09, 2009, decided the following in respect of the Rights Issue of the Company:

1. Ratio: Every equity shareholder holding 2 equity shares of Rs 5/- as on the Record Date is entitled to one equity share of face value Rs 5/- each.

2. Pricing: Equity shares in the Rights issue are offered at Rs 84 per equity share.

3. Issue schedule : The Rights Issue Committee has decided that the issue will open on September 29, 2009 and close on October 13, 2009, and the last date for request for Split Application Forms will be October 05, 2009.

Reliance Capital - Employees Stock Option Scheme

Reliance Capital Ltd has informed BSE that the ESOS Compensation Committee of the Board of Directors of the Company has approved grant upto 12,00,000 Options, exercisable into equal number of fully paid up equity shares of the Company, to the eligible employees of the Company and its subsidiaries under "Employees Stock Option Scheme" (ESOS) of the Company based on specified criteria. The options will vest any time between the end of one year and end of five years from the date of grant of options and shall be eligible for exercise up to a period of ten years from the date of grant as prescribed in the Exercise Schedule of the respective plan(s).

The ESOS has been framed in Compliance with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guideline, 1999 and other applicable provisions.

The Options not vested or not exercised in the specified Vesting / Exercise period in terms of Plan(s) will lapse.

ANG Auto - Updates

ANG Auto Ltd has informed BSE that the Company has taken a strategic initiative to add another vertical in power sector infrastructure space. The Company has set up a state of art a new line for fabrication for Power Plants fabricated boiler structure with an installed capacity of 25000 M Ton per annum.

The company has entered into yearly rate contract with BHEL for heavy duty steel fabricated boiler structure and the first order for 1100 M. Ton has been received against the rate contract.

Tuesday, September 8, 2009

Roselabs Finance - Updates

Roselabs Finance Ltd has informed BSE that a meeting of the Board of Directors was held on August 03, 2009 and the board approved the resignation of Mr. Ramnandanam Pandey, Director of the Company, who was to be re-appointed by rotation as a Director in the forthcoming Annual General Meeting which is scheduled to be held on September 04, 2009.

Mr. Ramnandanam Pandey could not continue as a director due to his other pressing engagements.

Jayshree Chemicals - Updates

Jayshree Chemicals Ltd has informed BSE that consequent upon the transfer of Shri. Purushotam Das Agarwal, the erstwhile Deputy General Manager of Delhi Zone of State Bank of Bikaner And Jaipur (SBBJ) to State Bank of Mysore, SBBJ has withdrawn his nomination from the Board of Directors of the Company ('the Board') with effect from July 27, 2009 and has nominated Shri. Bidhan Chandra Sahu, the present Deputy General Manager, Delhi Zone of SBBJ in his place and that Shri. Sahu having obtained approval of his DIN from MCA on August 17, 2009, his nomination on the Board has become effective with effect from August 17, 2009.

Patni Computer - Allotment of Equity Shares

Patni Computer Systems Ltd has informed BSE that the Compensation & Remuneration Committee of Directors of the Company vide resolution dated September 04, 2009 allotted 71,350 equity shares of par value of Rs. 2/- each to certain employees including 51,250 underlying equity shares of par value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 25,625 American Depositary Shares (ADSs) pursuant to the exercise of ADR Linked options.

Tayo Rolls - Updates

Tayo Rolls Ltd has informed BSE that Mr. Osamu Nishimura, who was appointed as Additional Director, is being appointed as Director of the Company liable to retire by rotation, at the AGM held on September 02, 2009

Further, Mr. Masahiro Nakahira, who was appointed as an Alternate Director to Mr. Osamu Nishimura ceases to be the Alternate Director with effect from September 02, 2009.

Garware Offshore - Updates

Garware Offshore Services Ltd has informed BSE that the 'Accommodation Work Barge' viz., "Beau Geste", which was taken on long term Bareboat Charter by the Company's Wholly Owned Subsidiary - Garware Offshore International Services Pte. Ltd., Singapore has been deployed on a Short Term Contract + Mutual extensions in ASEAN waters.

Idea Cellular - Updates on Scheme of Arrangement

Idea Cellular Ltd has informed BSE that the Hon'ble High Court of Gujarat at Ahmedabad has sanctioned the Scheme of Arrangement between Idea Cellular Ltd and Idea Cellular
Towers Infrastructure Ltd and their respective Shareholders and Creditors for Demerger of Passive Infrastructure of the Company to its wholly owned subsidiary Idea Cellular Towers Infrastructure Ltd u/s 391-394 of the Companies Act, 1956.

Lupin - Allotment of equity shares

Lupin Ltd has informed BSE that the Allotment Committee of Directors at its meeting held on September 08, 2009, has allotted 864,993 fully paid up equity shares of Rs 10/- each, the particulars of which are as under:

1. Shares Issued upon : exercising the options granted to employees under the stock
option plans of the Company

- No. of shares - 8389

2. 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 - 856604

In view of the above, the issued and paid up capital of the Company has been increased to Rs 855,502,000 consisting 85,550,200 equity shares of Rs 10/- each.

Monday, September 7, 2009

Gujarat NRE - Updates

Gujarat NRE Coke Ltd had informed BSE regarding consideration of proposal to issue "B" Equity Shares of Rs 10 each as bonus shares by the Board at its meeting to be held on September 19, 2009. The Company has now informed BSE that "B" Equity Shares carry lower voting rights as compared to Equity Shares of the Company.

Godrej Industries - Updates

Godrej Industries Ltd has informed BSE that by a resolution passed by the Compensation Committee through a circular on September 05, 2009, the Committee has inter alia approved under the GIL ESOP the vesting date of those option grantees who are in employment and the exercise period shall be 3 years ending on September 04, 2012.

Sadbhav Engineering - Updates

Sadbhav Engineering Ltd has informed BSE that pursuant to the Amended Memorandum of Understanding (MOU) entered by Company in respect of the project "Modernization and computerization of integrated border check posts at 22 (Twenty Two) locations in the State of Maharashtra on Build Operate and Transfer (BOT) Basis" the Company has increased its stake to 90% from 51% in the said project.

Kushagra Software - Updates on Scheme of Amalgamation

Kushagra Software Ltd has informed BSE that Honorable High Court, Mumbai has through its Final Order has approved the Amalgamation / Merger of Concurrent Infrastructure Pvt Ltd with Concurrent (India) Infrastructure Ltd, (Formerly Known as Kushagra Software Ltd).

The Amalgamation / Merger brings into the fold of the Company, the Order Book Pipeline for infrastructure projects and developmental rights.

Commenting on the development Mr. K Sudhir Babu, Director & CEO has stated that, At this stage our endeavor is to integrate the operations in the combined entity, consolidate and work on robust growth model. Adding further Mr. Sudhir also mentioned the recent success 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".

Ajcon Global - Updates

Ajcon Global Services Ltd has informed BSE that the Company has forfeited a sum of Rs. 57,37,500/- (Rupees Fifty Seven Lacs Thirty Seven Thousand & Five Hundred Only) being the 10% advance amount paid on 6,75,000 Share Warrants for the non payment of balance amount of Rs. 76.50 per Share Warrant upto the last date of September 04, 2009 i.e. 18 months from the dated of allotment of the said Warrants. Further, the Company had allotted 6,75,000 Share Warrants @ Rs. 85/- per Share Warrant on March 05, 2008, and the last date for payment of balance amount was September 04, 2009.

The forfeited amount of Rs. 57,37,500/- has been transferred to General Reserve Account of the Company.

Videocon Industries - Updates

Videocon Industries Ltd has informed BSE that, on September 04, 2009 Videocon Indonesia Nunukan Inc. ("Videocon"), an overseas wholly owned subsidiary of Videocon Industries Ltd (the "Company") executed a Farmout Agreement (the "Agreement") with Anadarko Indonesia Nunukan Company ("Anadarko"), a wholly owned subsidiary of Anadarko Petroleum Corporation, U.S.A. Pursuant to the Agreement, Videocon is to acquire a 12.5% Participating Interest in a Production Sharing Contract (PSC) dated December 12, 2004 covering the area referred to as Nunukan Block, located offshore Indonesia (the "Contract Area") and the related Joint Operating Agreement dated July 04, 2007 (JOA). The closing of the transaction under the Agreement is subject to normal conditions precedent in these kinds of transactions, including consent and waiver of first right of refusal by M/s P T Medco E&P Nunukan ("Medco"), a company existing under the laws of the Republic of Indonesia, the only other existing participating party, other than Anadarko under the JOA and subject to regulatory approvals of the Government. Upon achieving the closing of the transaction under the Agreement, Videocon will acquire a 12.5% Participating Interest in the PSC and the JOA with effect from August 01, 2009. Videocon's capital outlay for the transaction is estimated at US$ 11.125 million (which includes Videocon's proportionate share of obligations previously agreed between Anadarko and Medco) which will be incurred up to end 2010.

On the same day, Anadarko entered into an agreement with BPPL Ventures Indonesia B.V. ("BPRL") (an overseas wholly owned subsidiary of Bharat PetroResources Ltd, an India based wholly owned subsidiary of Bharat Petroleum Corporation Ltd ("BPCL")) on identical terms and conditions and for the acquisition by BPRL of a 12.5% Participating Interest under the
PSC and the JOA.

Upon closing under the Agreement and under the BPRL Agreement, the Participating Interests under the PSC and the JOA shall be as follows:

Anadarko : 35.0%
Medco : 40.0%
BPRL : 12.5%
Videcon : 12.5%
Total : 100.0%.

BASF India Board to consider Scheme of Amalgamation

BASF India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 12, 2009, inter alia, to consider the Scheme of Amalgamation of Ciba India Ltd, Diamond Dye-Chem Ltd and Ciba Research (India) Pvt. Ltd. with BASF India Ltd, subject to requisite approvals as may be required.

Friday, September 4, 2009

ITC - Allotment of Shares

ITC Ltd has informed BSE that the Company on August 27, 2009, has issued and allotted 1,46,090 Ordinary Shares of Re. 1/- each, upon exercise of 14,609 Options by Optionees under the Company's Employee Stock Option Schemes.

Consequently, with effect from August 27, 2009, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 377,62,86,590/- divided into 377,62,86,590 Ordinary Shares of Re. 1/- each.

NTPC - Updates

National Thermal Power Corporation Ltd (NTPC) has informed BSE that:

"1. With respect to allocation of KG D-6 Gas (2.67 MMSCMD) by Empowered Group of Ministers (EGoM) for NTPC's existing gas based power stations, various issues for signing of Gas Supply & Purchase Agreement (GSPA) with Reliance Industries Ltd (RIL) have been resolved, except one for which NTPC intimated its position to RIL and the same was not acceptable to them. NTPC is further discussing with RIL for early resolution of the issue. It is informed that NTPC is committed to draw the allocated gas for its National Capital Region (NCR) gas based power Stations at Anta, Dadri and Faridabad, without prejudice to its rights and contentions in the ongoing suit between NTPC and RIL pending before the Hon'ble Bombay High Court for Kawas and Gandhar expansion projects.

2. Further, in response to some news items on 03-09-09 that "NTPC did not reciprocate on gas deal at $ 2.34 / MMBTU, says RIL", NTPC clarifies that the entire facts of the case are before the Hon'ble Bombay High Court and the matter is subjudice. Hence, NTPC does not want to comment on this."

Man Industries - Updates

Man Industries India Ltd has informed BSE that Equity Share Warrants to the following promoter and person belonging to the promoter's Group has been allotted on preferential basis. The Equity Share Warrants entitles the warrant holders to convert each warrant into one equity share of Rs. 5/- each at a premium of Rs. 30/- per share arrived at as per SEBI Guidelines at any time within a period of 18 months.

Name of Persons - Mr. Nikhil Mansukhani
No.of warrants to be allotted - 12,50,000

Name of Persons - Mr. Priyal Mansukhani
No.of warrants to be allotted - 5,00,000

Name of Persons - Mr. Holdings Pvt. Ltd.
No.of warrants to be allotted - 2,50,000

Name of Persons - Mr. Jagdishchandra Mansukhani
No.of warrants to be allotted - 2,50,000

Name of Persons - Mr. Anita Mansukhani
No.of warrants to be allotted - 2,50,000.

Softsol India - Updates on Buy Back Offer

Karvy Investor Services Ltd ("Manager to the Buyback") on behalf of Softsol India Ltd ("Target Company") has issued this Corrigendum to the Public Announcement ("PA") to the Shareholders / Beneficial Owners of equity shares of the Target Company, which is in continuation of & should be read in conjunction with the PA dated August 11, 2009.

This corrigendum is being issued in connection with the Offer for Buyback of the Equity Shares from the open market through Stock Exchanges ("Buyback") by the Company as advised by Securities and Exchange Board of India vide their letter dated August 31, 2009.

The date of opening of the Buyback offer be read as September 07, 2009 instead of August 20, 2009.

Godrej Consumer - Grant of Options

Godrej Consumer Products Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company has vide circular resolution dated September 03, 2009 approved the granting of 534,000 options to eligible employees in terms of Godrej Consumer Products Limited Employee Stock Option Plan.

The aforesaid options are granted out of shares acquired by means of subscription or secondary market purchase by an independent trust funded by the Company, in terms of the special resolutions passed by the shareholders on March 14, 2007 and April 24, 2008.

Wipro - Allotment of Equity Shares

Wipro Ltd has informed BSE that Administrative Committee of the Company's Board of Directors vide Circular resolution dated September 03, 2009, resolved to issue and allot 107569 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.

Adlabs Films Limited to be renamed Reliance MediaWorks Limited

Adlabs Films Ltd has informed BSE that pursuant to the approval from the Registrar of Companies, Maharashtra, Mumbai, Adlabs Films Ltd shall be renamed "Reliance MediaWorks Ltd", subject to approval by shareholders in the ensuing Annual General Meeting.

The Company has submitted to BSE a copy of the Media Release dated September 04, 2009 titled "Adlabs Films Limited to be renamed Reliance MediaWorks Limited".

Nagarjuna Construction - Allotment of Equity Shares to the QIBs

Nagarjuna Construction Company Ltd has informed BSE that the Executive Committee of the Board of Directors of the Company at its meeting held on September 03, 2009, inter alia, has approved the allotment of 2,77,32,900 equity shares of Rs 2/- each at a premium of Rs 130.46 and aggregating to Rs 367.35 Crores to the Qualified Institutional Buyers (QIBs) pursuant to the Chapter XIII A of the Securities Exchange Board of India (Disclosure of Investor Protection Guidelines), 2000 as amended. With the above allotment the Paid-up Capital of the Company has gone upto Rs 51,31,67,620/- divided into 25,65,83,810 Equity Shares of Rs 2/- each.

AXIS IT&T - Updates

With reference to the earlier announcement dated July 08, 2009 informing about the discussions which the Company was engaged in exploring the possibilities & opportunities of amalgamation / merger/ acquisition of other Companies in the same line of business activity, AXIS IT&T Ltd has now informed BSE that the Company has finalized & approved the acquisition of controlling interest (51% Shareholding) in Cades Digitech Pvt. Ltd., a Company based at Bangalore, at its Board Meeting held on September 03, 2009.

Delta Corp - Updates

With regard to Qualified Institutions Placement of Equity Shares by Delta Corp Ltd ("Company") Under the Provisions Of Chapter XIII-A of The Securities And Exchange Board of India (Disclosure And Investor Protection) Guidelines, 2000 ("SEBI DIP Guidelines") to Qualified Institutional Buyers as defined Under 1.2.1 (XXIVA) of The SEBI Dip Guidelines (The "Offering"), Delta Corp Ltd has informed BSE that the Allotment Committee has decided to close the issue and also approved the issuance of 16,633,000 Equity Shares of face value of Re. 1/- each of the Company at a price of Rs. 50.0625 per Equity Shares (including a premium of Rs. 49.0625/- per Equity Share) aggregating to Rs. 83,26,89,562.5/- (Rupees Eighty Three Crores Twenty Six Lacs Eighty Nine Thousand Five Hundred and Sixty Two and Paise Fifty only).

In this regard, the Company has submitted to BSE a copy of the resolution of the Allotment Committee held on September 03, 2009.

Crompton Greaves - Updates

Crompton Greaves Ltd has informed BSE that the Company, through its subsidiary Pauwels Trafo Belgium NV, has entered into a Definitive Memorandum of Undertaking with the EIC Group, headquartered in Saudi Arabia, for establishing a Joint Venture Company for the manufacture of medium power transformers in Saudi Arabia.

It is estimated that the total equity capital of the Joint Venture Company will be USD 6 million, out of which the Company, through its subsidiary Pauwels Trafo Belgium NV, will contribute USD 3.06 million, for a 51% shareholding.

Gujarat NRE Coke - Updates

Gujarat NRE Coke Ltd has informed BSE that Gujarat NRE Coke, India's largest independent met coke producer, on September 03, 2009 issued a statement with regard to media reports blaming family rivalry for austral coke adversity. In this regard, the Company wishes to specifically clarify to its shareholders and investors that Gujarat NRE Coke Ltd has no connection whatsoever with Austral Coke, and the Company's operations are in no way connected with them.

Tuesday, September 1, 2009

Marsons - Updates

Marsons Ltd has informed BSE that:

1. The name of the Company has been changed from "MARSON'S LTD to "MARSONS LTD" vide the Fresh Certificate consequent to change of name as issued by the Office of the Register of Companies, West Bengal, dtd. August 25, 2009.

2. The Company has also informed that, the Company has obtained in principle registration approval of the logo as its registered Trade Mark.

Asian Paints - Updates

Asian Paints Ltd has informed BSE that Berger International Ltd (BIL) Singapore, a subsidiary of Asian Paints (International) Ltd., which is a wholly owned subsidiary of the Company has entered into a conditional share transfer agreement for divestment of its entire stake in Berger Paints (China) Company Ltd, China, subject to such sanctions and approvals as may be necessary.

The Company has submitted to BSE a copy of the public announcement made by BIL to Singapore Stock Exchange.

Polar Pharma - Updates

With reference to the earlier announcement dated 07, 2009, Polar Pharma India Ltd has now informed BSE that due to non receipt of order from the Govt. of India till date, the management has further extended temporary closure of factory upto December 31, 2009 by issuing the attached notice to the workers of the Company.

Management is expediting its all sincere efforts to get order from the Govt. of India and no Sooner it materializes, management will make arrangement for resumption of the plant operations forthwith.

Garware Offshore - Updates

Garware Offshore Services Ltd has informed BSE that the Company's Wholly Owned Subsidiary, viz., Garware Offshore International Services Pte. Ltd., Singapore has taken delivery of an Anchor Handling Tug cum Supply Vessel, "M. V. Shergar" on a long term "Bareboat Charter" basis.

With the delivery of the above vessel, the Company's fleet strength stands as follows:

- 5 Platform Supply Vessels owned by the Company

- 6 Anchor Handling Tug cum Supply Vessels owned by the Company

- 1 Accommodation Work Barge on Bareboat Charter*

- 1 Anchor Handling Tug cum Supply Vessel on Bareboat Charter*

* to the Company's wholly Owned Subsidiary.

Core Healthcare - Updates

Mr. Biren R Shah (Ex. Director), on behalf of Core Healthcare Ltd, has informed BSE that the Company has been ordered to be wound up by an order dated June 24, 2009 made by the Hon'ble High Court of Gujarat in Company Petition No. 189/2008. The Hon'ble High Court has appointed the Official Liquidator attached the Hon'ble High Court of Gujarat and he has been directed to take over possession of the assets and also take charge of the affairs of the Company.

Balaji Telefilms - Updates

With reference to earlier annoucement about the receipt of the 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, Balaji Telefilms Ltd has now informed BSE that the Company has received cancellation orders against sales tax demand notices Issued under section 38 of the Bombay Sales Tax Act, 1959, 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 same is subsequent to Company's filing of Form N-30AA for cancellation of the orders.

Venus Ventures - Updates

Venus Ventures Ltd has informed BSE that the Board of Directors of the Company is planning to diversify the nature of its activities into Power Equipment manufacturing (Electronic meters, Digital meters, Transformers and related products) in view of the various factors. The diversification will be adopted after complying with the applicable procedures under various enactments and approvals of the concerned authorities.

Jet Airways - Press Statement

With reference to earlier annoucement dated August 28, 2009, Jet Airways India Ltd has submitted to BSE the Press Statement issued by the Company in connection with the direction issued by the Conciliation Officer that the National Aviator's Guild members cannot resort to strike or cause disruption to the operations on September 07, 2009 or thereafter, pending completion of the Conciliation proceedings.

GMR Infrastructure fixes Record Date for Stock Split

GMR Infrastructure Ltd has informed BSE that consequent upon the approval of the members for the sub-division of the equity shares at their 13th Annual General Meeting held on August 31, 2009, the Board of Directors of the Company at their meeting held on August 31, 2009 has approved and fixed October 05, 2009 as the record date for giving effect to the sub-division of each equity share of Rs. 2/- each in to 2 equity shares of Re. 1/- each.

Listing of equity shares of NHPC Ltd

Trading Members of the Exchange are hereby informed that effective from September 1, 2009, the equity shares of NHPC Ltd (Scrip Code: 533098) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities. For further details please refer to the notice no 20090827-20 dated August 27, 2009.