DIVIDEND
Asian Paints India Ltd: The company has fixed the book closure from July 16, 2002, to July 26, 2002, for the purpose of payment of final dividend of 55 per cent and annual general meeting. The final dividend, if approved by the shareholders, will be paid on or after July 26, 2002.
AMALGAMATION
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Kotak Mahindra Finance Ltd: The meeting of the shareholders of the company was convened on May 28, 2002, to consider the scheme of amalgamation of Guldasta Investment & Trading Pvt Ltd, Mega Assets & Capital Management Pvt Ltd, Scope Holdings Pvt Ltd and Twilight Holdings Pvt Ltd with Kotak Mahindra Finance Ltd. The scheme was duly approved by the shareholders of the company. A petition will now be filed before the High Court of Mumbai to obtain the sanction of the High Court to the scheme. The scheme shall be subject to necessary approvals including those of regulatory authorities, if any, as also the sanction of the High Court of Mumbai.
EQUITY ISSUE
Amtek India Ltd: The board of directors of the company has recommended issue of 37 lakh equity shares of Rs 10 each at a premium of Rs 90 per share to promoters and their friends, relatives, associates and associated companies by way of preferential offer on firm allotment basis.
OPEN OFFERS
Cadila Healthcare Ltd: Pursuant to the public announcement for open offer made by the company to the shareholders of German Remedies Ltd, the company has acquired 4311 (0.0523 per cent) equity shares of GRL on May 28, 2002. The maximum price paid for shares acquired through open market purchases was Rs 294.16 per share.
SHARES ACQUISITION
Chambal Fertilisers & Chemicals Ltd: The Birla Cotton Spinning & Weaving Mills Ltd has acquired 665616 (0.16 per cent) equity shares of the company on April 5, 2002, and from May 15, 2002, to May 21, 2002 through market purchase, its holding after acquisition is 4654823(1.14 per cent) equity shares.
Thermax Ltd: In terms of Regulation 13 of Sebi, (insider trading regulations, 1992) the company has informed that,. Prakash Kulkarni, managing director, has acquired 6000 shares. Post-acquisition, his total holding is 23300 (0.10 per cent), N D Joshi has acquired 10000 shares, after this acquisition his total holding is 33300 (0.14 per cent) and L N Joshi holds 12900 shares (0.05 per cent).
Valiant Communications Ltd: In terms of Regulation 8 of SEBI, substantial acquisition of shares and take over regulation, 1997, the company has informed that, Inder Mohan Sood holds 9.88 per cent shares and Davinder M Sood is holding 9.53 per cent shares as on March 31, 2002.
APPOINTMENTS & RESIGNATIONS
Aarti Drugs Ltd: Gauri Balankhe, assistant company secretary, has been appointed compliance officer of the company.
Gujarat Industries Power Company Ltd: Arunkumar M Solanki, IAS, has resigned as director from the board of the company consequent to his transfer as Collector, Jamnagar, and has ceased to be director on the board with effect from May 24, 2002.
GDR Telefilms Ltd: EGM on June 10, 2002 on issue and allotment in one or more tranches 30 lakh equity shares of the company on pref. basis.
EXTINGUISHMENT
Godrej Consumer Products Ltd: The company has extinguished 15,054 shares of the company pursuant to buy back. Equity capital of the company after the said extinguishment is 58419608 shares of Rs 4 each.
John Fowler (India) Ltd: The company has, on May 24, 2002, extinguished 7,746 shares under buy back regulations.
BUYBACK
Industrial Development Bank of India Ltd: The promoters of Visaka Industries Ltd, has bought back 4,63,858 equity shares of face value of Rs 10 each held by IDBI for Rs 23 per share. The sale transaction constituted over 1 per cent of the paid-up capital of the company.
Extraordinary General Meeting
GMR Technologies & Industries Ltd: The board of directors of the company at its meeting held on May 27, 2002, has decided to convene an EGM of the company on July 6, 2002.
OTHER ANNOUNCEMENTS
Shree Shubhlabh Infoline. Com Ltd: The company has fixed July 4, 2002, as the record date for the purpose of issue of one bonus share for every one existing equity share held. Transactions in the equity share will be on cum bonus basis upto June 24, 2002 and ex-bonus basis from June 25, 2002.
BITS Ltd: The company has informed that it has changed the registrar & share transfer agents with effect from May 27, 2002, as: For electronic share transfer: MAS Services Pvt Ltd, AB-4/1, Safdarjung Enclave, New Delhi-110029. Ph.011-6104142 Fax.011-6181081. Email: masserve@giasdl01.vsnl.net.in For physical transfer of shares: In house arrangement: BITS Ltd, 23, 1st Floor, Great Western Building, 130/132, Shahid Bhagat Singh Road, Opp. Lion Gate, Mumbai 400023. Ph.022-2812622/23 Fax.022-2371027.
Blue Blends (India) Ltd: The company has informed that the directors have decided to make a fresh reference to board for industrial and financial reconstructions (BIFR) under appropriate provisions of the Sick Industrial Companies (special provisions) Act, 1985, as reference to BIFR made by the company earlier was rejected on technical ground.
GDR Telefilms Ltd: The GDR Group, after completing major strategic tie ups in India and abroad with some of its clients such as Times Internet, Satyam Infoway, Morpen Labs, McDowells, AT&T USA, ISIS World, St Lucia, West Indies company has bagged again a major order from the US Healthcare segment worth more than $5 million over a period of one year.
Kirloskar Investment & Finance Ltd: The licence granted to SRG Infotec Ltd as category I registrar to issue and share transfer agents has been cancelled by Sebi, it will no longer be necessary, for our present registrar and share transfer agents namely, Kirloskar Computer Services Ltd to wait for no objection letter from SRG Infotec Ltd, and can go ahead to get connectivity and complete the pending demating of shares.
Li-Taka Pharmaceuticals Ltd: The company has received an intimation from two of its shareholders, Nainish Rajendra Bora and Abhijit Rajendra Bora that their aggregate shareholding in the company as on May 20, 2002, is 5,25,000 and 5,25,250 shares, ie 6.05 per cent of the paid up equity capital of the company. Their earlier share holding was 1,85,000 shares ie 2.13 per cent each of the paid up equity capital of the company.
Mangalam Cement Ltd: In response to the reference made by the company under section 15(1) of Sick Industrial (special provisions) Act, 1985, the board for industrial and financial reconstruction (BIFR) has vide its order dated May 22, 2002, declared the company a Sick Industrial Unit U/s 3(1)(0) of the Act and has appointed Industrial Development Bank of India as the operating agency to prepare suitable rehabilitation proposal.
Polar Pharma India Ltd: In terms of Regulation 13 of Sebi, (insider trading regulations, 1992) the company has informed that Ashok Kumar Tibrewala holds 23200 shares.
Rayban Sun Optics India Ltd: In terms of Regulation 13 of Sebi, (prohibition of insider trading regulations 1992) the company has informed that, share holding of Valerio Giacobbi - director is not changed since February 20, 2002.
Rishi Laser Cuttings Ltd: The board of directors of the company at its meeting on May 27, 2002 has approved the proposal for buy back of shares for an amount not exceeding 10 per cent of net worth.
Sanghi Industries Ltd: The resolution passed at the board of directors meeting on April 29, 2002, to issue and allot 20,49,535 optionally convertible cumulative participating preference shares of Rs 100 each.
Seasons Furnishings Ltd: In terms of Regulation 13 of Sebi, (insider trading regulations, 1992) the company has informed that Seasons Textiles Ltd holds 525000 (9.8 per cent) shares, Focus Merchandise Pvt Ltd, holds 375500 (7.01 per cent) shares and SBI Capital Markets Ltd holds 347200 (6.48 per cent) shares.
Seasons Textiles Ltd: In terms of Regulation 13 of Sebi, (insider trading regulations, 1992) the company has informed that Nanak Singh holds 407750 (8.01 per cent) shares, Focus Merchandise Pvt Ltd holds 437400 (8.59 per cent) shares and Inderjeet S Wadhwa holds 423950 (8.33 per cent) shares.
Soundcraft Industries Ltd: At the company