Corporate Announcements On The Bse

NOTICES UNDER TAKEOVER CODE

Aegis Chemicals Industries: In terms of regulation 8 of Sebi, (substantial acquisition of shares & takeover) regulations 1997, the company has informed that Tapi Finvest India Pvt Ltd, is holding 27,00,000 (16.52 per cent) shares and Finance & Development Co Ltd, is holding 64,85,560 (39.68 per cent) shares as on 07/09/2002.

Ansal Properties & Industries: In terms of regulation 3 of Sebi, (substantial acquisition of shares & takeover) regulations 1997, the company has informed that Sushil Ansal (acquirer), Kusum Ansal, Pranav Ansal, Sheetal Ansal have informed that they proposed to acquire 15,37,050 (13.17 per cent) shares on 27/09/2002 through inter-se transfer at a price of Rs 11 per share. After this acquisition, their shareholding in the company will be 44,98,750 (38.561 per cent) shares in the company.

 

Crompton Greaves: In terms of regulation 7 of Sebi, (substantial acquisition of shares & takeover) regulations 1997, Solaris Chemtech (formerly known as Bilt Chemicals) has informed that it has acquired 58,021 shares on 23rd and 24th September, 2002, through market purchase. After this acquisition, their shareholding in the company will be 16,48,201 (3.147 per cent) shares in the company.

e-Serve International: In terms of Regulation 7(1) of Sebi, (substantial acquisition of shares and takeover) regulations, 1997, Citibank Overseas Investment Corporation has informed that it has acquired 5,20,000 (4.19 per cent) shares (7000 on 20/08/2002 and 5,13,000 on 24/09/2002) of the company. After this acquisition, their shareholding in the company is 55,03,360 (44.38 per cent) shares.

Honda Siel Power Products: In terms of regulation 8 of Sebi, (substantial acquisition of shares & takeover) regulations 1997, the company has informed that Honda Motor Co Ltd, Japan, is holding 67,62,000 (66.67 per cent) equity shares of the company.

i-flex solutions: In terms of regulation 8 of Sebi, (substantial acquisition of shares & takeover) regulations 1997, the company has informed that Orbitech Ltd, is holding 1,61,18,000 (43.19 per cent) shares of the company.

INSIDER TRADING NOTICES

Cheviot Co: In terms of regulation 13(6) of Sebi, (insider trading) regulations 1992, the company has informed that Harsh Vardhan Kanoria, chairman & managing director, and his son Utkarsh Kanoria (minor) have acquired 24,000 (0.80 per cent) each shares of the company on 12.09.02. After the said acquisition, the holdings of Kanoria, together with his dependent family members, has become as under: Kanoria (self) 98,621 (3.27 per cent) shares; Malati Kanoria (wife of Kanoria) 1,90,100 (6.31 per cent) shares; Utkarsh Kanoria (son of Kanoria) 92,500 (3.07 per cent) shares.

Ema India: In terms of regulation 13 (4) of Sebi, (insider trading) regulation, 1992, the company has informed that P K Bhargawa, chairman and MD of the company, has transferred 22,000 shares to Pradeep Kumar Bhargava (HUF). Moreover, Ranjana Bhargawa, whole time director, has transferred 13,600 shares to Pradeep Kumar Bhargava (HUF).

Hindustan Construction Co: As per regulation 13(6) of the Sebi (prohibition of insider trading) regulations 1992, the names of shareholders who hold more than 5 per cent of the equity shares of the company as on 9.9.2002 are as follows: Hincon Holdings Ltd, 10011580 (49.99 per cent); Hindustan Finvest, 1894725 (9.46 per cent)

Ikab Securities & Investment: In terms of regulation of Sebi, (insider trading) regulations 1992, the company has informed that Abhishek Bagri (director) has acquired 23,600 (0.68 per cent) shares on 17 and 18/09/2002 and Inder Kumar Bagri (director) has acquired 33,500 (0.97 per cent) shares of the company.

SRF: In terms of regulation 7 (1A) of Sebi, (substantial acquisition of shares & takeover) regulations 1997, SRF Polymers has informed that the company has purchased 7,04,541 (1.09 per cent) equity shares between 19/09/2002 and 20/09/2002. After this acquisition, the aggregate shareholding of the company is 23,28,416 shares.

MERGERS

Cosmo Films: The high court of Delhi has sanctioned the scheme of amalgamation of Gujarat Propack with the company.

PREFERENTIAL ALLOTMENT

Soundcraft Industries: At the EGM on 16/09/02, members have approved to issue 60,50,000 equity shares of Rs 83 each (having face value of Rs 2 each.) on preferential allotment basis to financial institutions.

SHARE DEALS

Hydro S&S Industries: The group of promoters (V Srinivasan, Vidya Srinivasan, Murali Venkatraman, Narayan Sethuramon) are acquiring 3328070 shares of the company held by the foreign promoter Hydro Polymers Ltd, UK.

Kilburn Chemicals: United Machine Co has informed that they proposed to acquire 1290000 (17.37 per cent) shares of the company by way of inter-se transfer from Metals Centre (400000 shares), Williamson Financial Services (560000 shares) and Eveready Inds (330000 shares) at the prevailing market price. The proposed date of acquisition is 30.09.02. After the acquisition, their shareholding will be 1290100 (17.37 per cent) shares.

Lime Chemicals: The company has informed that A H Dawoodani, managing director, has acquired 1000 (0.036 per cent) shares of the company. After this acquisition, his shareholding is 114490 (4.23 per cent) of the company.

Pioneer Investcorp: The company has received an intimation from Gaurang Gandhi, a person belonging to the group of promoters of this company and also a director, that he has acquired 502360 (9.43 per cent) shares of the company by way of private deal on 24/09/2002. After the said acquisition, his shareholding is 957113 (17.97 per cent) shares.

Williamson Magor & Company: Salsar Industrial Services Ltd, Kolkata, has informed that they proposed to acquire 1641000 (14.98 per cent) shares of the company by way of inter-se transfer from United Machine Co (865000 shares), Ichhamati Investments (776000 shares) at the prevailing market price. The proposed date of acquisition is 30.09.02. After the acquisition their shareholding will be 4923110 (44.93 per cent) shares.

OTHERS

Zee Telefilms: The company has fixed the book closure for the payment of dividend from October 24, 2002 to October 25, 2002 (both days inclusive). Earlier, the company had fixed October 23, 2002 to October 24, 2002 (both days inclusive) as book closure dates for the purpose.

Aftek Infosys: Ratnakar Bank has granted loans against shares of the company to friends and relatives of some of the directors of the company on 22/04/2000. The loans had become overdue and no payments were received towards repayment of principal amount of loans in spite of reminders. As such bank today sold 1,27,500 shares of the directors so as to recover amounts due against these loans by invoking the pledge of shares.

Bee Electronic Machines: The ROC has granted an extension for holding the AGM of the company up to 30/11/2002.

CSJ Technologies: The Registrar of Companies, Andhra Pradesh, has granted extension for holding the AGM under section 166 & 210 of the Companies Act, 1956 up to 27/12/02 for the year 2002.

Integrated Rubian Exports: The ROC has sanctioned the extension of time for holding the AGM for the year 2001-02 up to 31/12/2002.

Josts Engineering Co: The company has been granted approval for extending the financial year up to 31/03/03 and also extension for holding AGM of the company on or before 21/09/03.

Vision Organics: The company