Sunday, September 21, 2008

NSE Notices 19 September, 2008

Latest NSE announcements and notices from stockinvest.in

AIA Engineering

Aia Engineering Limited had informed the Exchange that the Board of Directors of the Company has fixed October 18, 2008 as the Record Date for the purpose of Sub-division / Stock Split of Equity Shares of Face Value of Rs. 10 each of the Company into the face value of Rs. 2 each.The Company has now informed the Exchange that the Company hereby change the Record date fixed as October 18, 2008 to October 20, 2008 for the purpose of Sub-division / Stock Split of Equity Shares of Face Value of Rs.10 each of the Company into the face value of Rs.2 each.
Source: NSE Date:Date: 09-19-2008

Bharat Petroleum Corporation

Bharat Petroleum Corpn. Ltd has informed the Exchange vide its letter dated on September 19, 2008 that "Bharat PetroResources Limited (a wholly-owned subsidiary of Bharat Petroleum Corporation Ltd.) and Videocon Industries Ltd., through the medium of their fifty - fifty joint venture company in Brazil, VB (Brasil) Petroleo private Limitada, have successfully completed a transaction yesterday by which they have acquired from EnCana Corporation, Canada and its associate company, the 100% share capital of EnCana Brasil Petroleo Limitada ("EBPL"), a corporation registered under the laws of Brazil. This acquisition is under an agreement dated 8th September, 2007 but effective January 1, 2007, and for a consideration of US$ 165 million plus a further payment of US$ 118 million towards reimbursement of all the expenses of EBPL since January 1, 2007 to the date of the closing. EBPL holds participating interests in ten deep water off-shore petroleum exploration blocks in four concessions in Brazil. Petrobras, the National Oil Company of Brazil, is the operator in nine of these blocks while Anadarko Corporation, USA, through its Brazilian subsidiary, is the operator in the remaining one block".
Source: NSE Date:09-19-2008

Clutch Auto

Clutch Auto Limited has informed the Exchange that the Annual General Meeting of the Company is scheduled to be held on September 27, 2008..
Source: NSE Date: 09-19-2008

IDBI Bank
Idbi Bank Limited has informed the Exchange that under IDBI Flexibond-18 issue, IDBI had mobilized Rs. 520 crore during October 10, 2002 to November 02, 2002 under various schemes/options. One of the schemes, IDBI Infrastructure (Tax Saving) Bond (2003A) Option 'B' will be due for redemption on November 25, 2008. The total maturity amount would be around Rs. 14.78 Crore (Principal Rs. 13.62 Crore and Interest Rs. 1.16 Crore). Further, the Bank has informed that the register of bondholders will remain closed from October 26, 2008 to November 24, 2008.

Source: NSE Date:09-19-2008

Omaxe

Omaxe Limited has informed the Exchange that the Company has also prepaid Rs. 25 Crores being the balance outstanding out of Rs. 100 Crores Debentures of Series H of face value of Rs. 1 Crores each issued to LIC Mutual Fund, which were due for redemption on September 23, 2008. Thereby, making the full redemption of the entire Series H. Further note that, earlier the Company had also pre-paid in parts Rs. 50 Crores on September 3, 2008 and Rs. 25 crores on August 28, 2008 against the said series, which were due for repayment on September 23, 2008.

Source: NSE Date: 09-19-2008

Sunil Hitech Engineers

Sunil Hitech Engr. Ltd has informed the Exchange that at the Annual General Meeting of the Company held on September 18, 2008, the General Body has approved the payment of Dividend @12% on the share capital of the Company.

Source: NSE :Date: 09-19-2008

Selan Exploration Technology

Selan Exploration Technology Limited has informed the Exchange that the Members of the Company in their Annual General Meeting held on September 17, 2008 have unanimously approved all the items mentioned in the notice dated July 29, 2008 convening the said AGM. The copy of the notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-19-2008

Banswara Syntex

Banswara Syntex Limited has informed the Exchange that in the Annual General Meeting of the Company held on September 13, 2008, the Shareholders interalia have approved following items: 1. Annual Accounts for the year ended March 31, 2008. 2. Payment of Dividend for the year 2007-08 @ 12% on Equity Shares and @ 3% on Preference Shares of the Company. 3. Reappointment of Shri R.L. Toshniwal, as Chairman & Managing Director. 4. Reappointment of Shri Rakesh Mehra as Whole time Director.
Source: NSE Date: 09-19-2008

Era Infra Engineering

Era Infra Engineering Limited has informed the Exchange that the Annual General Meeting of the Company is scheduled to be held on September 29, 2008.
Source: NSE Date: 09-19-2008

Shri Lakshmi Cotsyn

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors at their meeting held on September 19, 2008, have considered and decided the following: -1. The detailed discussion on the manufacturing of Anti Ageing Fabric was held and then the Board authorised Dr. M. P. Agarwal, Chairman & Managing Director of the company to take appropriate action in the matter in consultation with Dr. G. N. Mathur, a Director of the Company and a Scientist at Arkansas University, U.S.A. engaged in research work on "Smart Textiles."2. In view of the Guidelines of the FIPB (Foreign Investment Promotion Board), the revision of Shareholding Pattern of Armet Armored Vehicles (India) Ltd. was taken into consideration and the Board decided to increase the shareholding percentage of Shri Lakshmi Cotsyn Ltd. from 49% to 75% and consequently the shareholding of the Joint Venture Partner, Armet Armoured Vehicles Ltd. U.K. to be decreased to 25% from 51%. 3. The Board also considered with the permission of the Chairman the matter of raising Equity by way of PE/FCCB/GDR and finally decided to convene an EGM on October 31, 2008 and authorised the Company Secretary Mr. Rakesh Kumar Srivastava to comply with all the necessary formalities with the BSE, NSE etc. well in time.
Source: NSE Date: 09-19-2008

Maytas Infra

Maytas Infra Limited has informed the Exchange vide its letter dated September 19, 2008 that "Maytas Metro Limited", a new special project vehicle floated to construct and run to be built across 71 km across three dense traffic corridors of the twin cities. Maytas Metro Limited today signed the Concession Agreement with the Government of Andhra Pradesh. The brief note shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 09-19-2008

Core Projects & Technologies Ltd

Core Projects And Technologies Limited has informed the Exchange that the Committee at is meeting held on September 19, 2008 interalia approved the Allotment of 8,62,116 Equity shares of Rs. 2 each on conversion of FCCBs

Source: NSE Date:09-19-2008

Kiri Dyes and Chemicals

Kiri Dyes And Chemicals Limited has informed the Exchange regarding the outcome of Annual General Meeting of the Company held on September 15, 2008. Further, the Company has also submitted to the Exchange the Minutes of the Annual General Meeting held on September 15, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 09-19-2008

Polaris Software Lab

Polaris Software Lab Limited has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the resolution by Postal Ballot) Rules, 2001 (including any statutory modification or re-enactment thereof, for the time being in force) to transact the following Special Business by passing resolutions through Postal Ballot: 1. Alteration of Object Clause of the Memorandum of Association of the Company 2. Commencement of business specified in sub-clauses 10 & 11 of Clause III C of the Memorandum of Association of the Company. 3. Appointment of Whole-time Director. The Company has appointed Mr. S. Eshwar, Practicing Company Secretary, Chennai as the Scrutinizer for conducting Postal Ballot process in a fair and transparent manner and in accordance to the provisions of the Act and Rules framed there under and to receive and scrutinize the competed Ballot Forms from the Members. Duly completed Postal Ballot Form should reach to the Scrutinizer or on before the close of the working hours on October 18, 2008. The Scrutinizer will submit his final report on October 20, 2008.The Chairman and Managing Director of the Company and in his absence, any person authorised by him shall announce the results of the postal ballot on October 21, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 09-19-2008

India Foils

Members of the Exchange are hereby informed that the trading in equity shares of India Foils Limited shall be suspended w.e.f. September 22, 2008 (i.e. closing hours of trading on September 19, 2008) on account of Scheme of Rehabilitation.
Source: NSE Date:09-19-2008

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BSE Notices 19 September, 2008

Latest BSE announcements and notices from stockinvest.in


Cenlub Industries

Cenlub Industries Ltd has informed BSE that the 16th Annual General Meeting (AGM) of the Company was held on September 15, 2008.

Source: BSE Date: 09-19-2008

Glodyne Technoserve

Glodyne Technoserve Ltd has informed BSE that the ESOS Committee of the Board of Directors of the Company at its meeting held on September 18, 2008, has approved allotment of 87,742 equity shares of the face value of Rs 10/- each to the employees under the Company's Employee Stock Option Scheme.

Source: BSE Date: 09-19-2008

Inter State Oil Carrier

Inter State Oil Carrier Ltd has informed BSE that the 24th Annual General Meeting (AGM) of the members of the Company will be held on September 26, 2008, inter alia, to transact the following business: 1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account for the Year ended on that date and Reports of the Directors and the Auditors thereon. 2. To appoint Directors in place of Shri. Rikhab Chand Jain & Shri. Neeraj Jain, who retires by rotation and being eligible, offers themselves for reappointment. 3. To appoint Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting and to fix their remuneration.

Source: BSE Date: 09-19-2008

Pearl Polymers

PEARL Polymers Ltd has informed BSE that the 37th Annual General Meeting (AGM) of the Company was held on September 19, 2008.

Source: BSE Date: 09-19-2008

Reliance Power

Reliance Power Ltd has informed BSE that the given below are the details of the email id designated exclusively for the Investor grievance: reliancepower.investors@relianceada.com

Source: BSE Date: 09-19-2008

Cindrella Hotels

Cindrella Hotels Ltd has informed BSE that e-mail ID for registering complaints by investors is given below: investorgrievance@cindrellahotels.com

Source: BSE Date: 09-19-2008

Shri Lakshmi Cotsyn

Shri Lakshmi Cotsyn Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 19, 2008, inter alia, have consider and decided the following: 1. The detailed discussion on the manufacturing of Anti Ageing Fabric was held and then the Board authorised Dr. M P Agarwal, Chairman & Managing Director of the Company to take appropriate action in the matter in consultation with Dr. G N Mathur, a Director of the Company and a Scientist at Arkansas University, U.S.A. engaged in research work on "Smart Textiles." 2. In view of the Guidelines of the FIPB (Foreign Investment Promotion Board), the revision of Shareholding Pattern of Armet Armored Vehicles (India) Ltd was taken into consideration and the Board decided to increase the shareholding percentage of Shri Lakshmi Cotsyn Ltd from 49% to 75% and consequently the shareholding of the Joint Venture Partner, Armet Armoured Vehicles Ltd. U.K. to be decreased to 25% from 51%. 3. The Board also considered with the permission of the Chairman the matter of raising Equity by way of PE / FCCB / GDR and finally decided to convene an EGM on October 31, 2008.

Source: BSE Date: 09-19-2008

Excel Glasses

Excel Glasses Ltd has informed BSE that the 37th Annual General Meeting (AGM) of the members of the Company will be held on September 30, 2008

Source: BSE Date: 09-19-2008

Opto Circuits India

Opto Circuits India Ltd has informed BSE that the Company has signed a non binding letter of Intent (LOI) for the proposed purchase of 100% of the capital stock of a privately held medical devices Company in Europe manufacturing Medical Equipments. The acquisition is estimated over USD 100.00 million.

Source: BSE Date: 09-19-2008

Himadri Chemicals and Industries

Himadri Chemicals & Industries Ltd has informed BSE that on September 19, 2008, the Company through its WOS Company, Himadri Global Investment Ltd (HGIL), has entered into a Joint Venture Contract, with Chinese Company to takeover existing coal tar distillation plant in Xiaoyi, Shanxi. A Joint Venture Company has been formed in which, HGIL will hold 90% equity interest and the balance 10% will be held by the Chinese Company. However, this Joint Venture agreement will be subject to the approval of the Chinese Government with modification of terms and conditions as may be proposed.

Source: BSE Date: 09-19-2008

Precious Trading & Investments

Precious Trading & Investments Ltd has informed BSE that the Company has designated an Email ID - cs.shethgroup@rediffmail.com for the redressal of the Investor Grievance.

Source: BSE Date: 09-19-2008

Subhash Projects and Marketing

Subhash Projects & Marketing Ltd has informed BSE that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008.

Source: BSE Date: 09-19-2008

International Conveyors

International Conveyors Ltd has informed BSE that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008.

Source: BSE Date: 09-19-2008

Vijayeswari Textiles

With reference to the earlier announcement dated July 03, 2008, Vijayeswari Textiles Ltd has informed BSE that the partial strike in the Company's Spinning Unit located at Puliampatti (via), Pollachi, Coimbatore District 642 002 has been lifted and the workers have resumed work on September 13, 2008.

Source: BSE Date: 09-19-2008

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HDFC Securities recommends Bartronics

HDFC Securities has recommended Bartronics India Limited with a price target of Rs 234.

Revenues and profits are projected to grow at a CAGR of 72% and 78% respectively. At the CMP of Rs 153, it is trading at 6.5x and 3.8x its FY09E & FY10E FDEPS. We have arrived at a DCF based target price of Rs 234, an upside of 53% from current levels. We initiate coverage with a BUY rating on the stock.

Read the complete report at stockinvest.in