Latest SEBI circular and notices

PR No.168/2008 Grant of exemption to Mr. Kushal Pal Singh & others in the matter of proposed acquisition of voting rights of DLF Ltd. (Target Company) Dr. K.M.Abraham, Whole Time Member, SEBI, has passed an order dated September 05, 2008, granting exemption to Mr. Kushal Pal Singh, Mr. Rajiv Singh, Ms Pia Singh, Ms Renuka Talwar, Ms Indira K P Singh, Ms Kavita Singh, Macknion Estates Private Limited, Buland Consultants & Investments Private Limited, DLF Investments Private Limited, Haryana Electrical Udyog Private Limited, Kohinoor Real Estates Company, Madhur Housing and Development Company, Megha Estates Private Limited, Panchsheel Investment Company, Rajdhani Investments & Agencies Private Limited, Sidhant Housing and Development Company, Yashika Properties and Development Company, Vishal Foods and Investments Private Limited, Mallika Housing Company, Raisina Agencies & Investments Private Limited, Universal Management & Sales Private Limited, Renkon Agencies Private Limited, Lyndale Holdings Private Limited, Savitri Studs and Farming Company Private Limited, Jhandewalan Ancillaries and Investments Private Limited, Prem Traders & Investments Private limited, Realest Builders and Services Private Limited and Prem's Will Trust from making an open offer in terms of Regulation 11(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, with regard to proposed increase in their voting rights from 88.16% to 89.32% pursuant to buy back of equity shares of Target Company. Pursuant to the said increase in voting rights, there would not be any change in control of the target company. The application seeking exemption was forwarded by SEBI to the Takeover Panel. The Panel recommended for exemption to the acquirers from making an open offer. The full text of the order is available on the website: www.sebi.gov.in Mumbai September 09, 2008
Source: SEBI Date: 2008-09-09


PR. No. 167/2008 Consent Order on the application submitted by M/s. Rajesh N. Jhaveri in the matter of Sawaca Communications Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated September 04, 2008, on an application submitted by M/s. Rajesh N. Jhaveri, member of Ahmedabad Stock Exchange, in the matter of Sawaca Communications Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 1,00,000/- (Rupees one lakh only) and has also consented to suffer a voluntary suspension of Certificate of Registration for a period of one year towards the terms of consent in the matter. The suspension of Certificate of Registration of M/s. Rajesh N. Jhaveri will be effective from the date of the order. The full text of the order is available on the website www.sebi.gov.in Mumbai September 05, 2008
Source: SEBI Date: 2008-09-09


PR. No.166/2008 Consent Order on the application submitted by Shri Rajesh Nanubhai Jhaveri in the matter of Ojas Technochem Products Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated September 04, 2008, on an application submitted by Shri Rajesh Nanubhai Jhaveri, in the matter of Ojas Technochem Products Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 7,00,000/- (Rupees seven lakh only) towards the terms of consent in the matter. The full text of the order is available on the website www.sebi.gov.in Mumbai September 05, 2008
Source: SEBI Date: 2008-09-09

NSE Notices and Announcements Sept 9

Learn about stock investing basics at stockinvest.in along with great stock picks and stock investing ideas.

Infotech Enterprises

Infotech Enterprises Ltd has informed the Exchange regarding a press release dated September 08, 2008, titled " Infotech Enterprises announces its foray into the Hitech industry with Design services". A copy of the press release 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: 09-08-2008

Motor and General Finance

The Motor & General Finance Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 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: 09-08-2008

KEC International

Kec International Limited has informed the Exchange regarding a press release dated September 08, 2008, titled "Kec International bags Two New Orders worth Rs 217 Crores". A copy of the press release 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:09-08-2008

Sasken Communication Technologies

Sasken Communication Technologies Limited has informed the Exchange regarding a press release dated September 08, 2008, titled "From gold to platinum: Sasken's Annual Report shines again; Sasken's 2006-07 Annual Report has won the Platinum Award of LACP Vision Awards". A copy of the press release 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:Date: 09-08-2008

Paramount Communications

Paramount Communications Ltd had submitted to the Exchange a copy of limited review of the Unaudited financial results for the quarter ended June 30, 2008, conducted by the Auditors. The Company has now informed the Exchange that Statutory Auditors has pointed out a correction to limited review report on the unaudited consolidated financial results dated August 22, 2008 for the period ended June 30, 2008. Further, the Company has submitted to the Exchange a copy of a letter received from the statutory Auditors in this regard. 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: 09-08-2008

Golden Tobacco

Gtc Industries Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 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:09-08-2008

Saregama India

Saregama India Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 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:09-08-2008

Gufic Biosciences

Gufic Biosciences Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended March 31, 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: 09-08-2008

Mcnally Bharat Engineering

Mcnally Bharat Engineering Company Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008 along with the Company's reply to the Comments of the Auditors Report. 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: 09-08-2008

Enkei Castalloy

Enkei Castalloy Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended March 31, 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: 09-08-2008

Shiv Vani Oil & Gas Exploration Services

Shiv-Vani Oil & Gas Exploration Services Limited has informed the Exchange that the Board of Directors in their Meeting held on September 05, 2008 resolved to shift the Registered Office of the Company from it present situation to Tower I, 5th Floor, NBCC Plaza, Sector-V, Pushp Vihar, Saket, New Delhi-110017.
Source: NSE Date: 09-08-2008

Great Eastern Shipping Company

The Great Eastern Shipping Co. Limited has informed the Exchange regarding a press release dated September 08, 2008, titled " Greatship (India) Limited, India and DOF Subsea ASA, Norway announced the inking of their joint venture, in Mumbai today". A copy of the press release 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: 09-08-2008

KDL Biotech

Kdl Biotech Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended March 31, 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: 09-08-2008

Simbhaoli Sugar Mills

Simbhaoli Sugars Limited has informed the Exchange regarding a press release dated September 08, 2008, titled "Simbhaoli Sugars going global". A copy of the press release 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: 09-08-2008

Shiv Vani Oil & Gas Exploration Services

Shiv-Vani Oil & Gas Exploration Services Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on September 05, 2008 has resolved to convene the Annual General Meeting of the Members of the Company on September 30, 2008. The Register of Members and Share Transfer Books of the Company will be closed from September 26, 2008 to September 30, 2008 (both days inclusive).

Source: NSE Date:09-08-2008

Stock investing ideas>>>>

BSE Notices and Announcements Sept 5

Ashirwad Capital

Ashirwad Capital Ltd has informed BSE that the given below are the details of the email i.d. designated exclusively for grievance redressal division / compliance officer: investors@svgcl.com
Source: BSE Date: 09-05-2008

Bombay Dyeing and Manufacturing Company

Bombay Dyeing & Manufacturing Company Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 02, 2008.

Source: BSE Date: 09-05-2008

Monotype India Ltd

Monotype India Ltd has informed BSE about the unaudited financial results for the Quarter ended Jun 30, 2008.
Source: BSE Date: 09-05-2008

First Custodian Fund (India)

First Custodian Fund India Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 30, 2008 inter alia, have considered and approved the following: 1. Approval of Audited Annual Accounts for the year ended March 31, 2008 and the Report of Auditors and Directors thereon. 2. Re-appointment of Mr. Surendrakumar Banthia as Director of the Company. 3. Re-appointment of M/s. Paresh D Shah & Co., as Auditors of the Company.
Source: BSE Date: 09-05-2008

Minda Industries

Minda Industries Ltd has informed BSE that the Company, Minda Industries Ltd. was awarded the Gold Trophy for excellence in technology at the 48th ACMA, Annual Session and National Conference at The Ashok, Chanakyapuri, New Delhi.
Source: BSE Date: 09-05-2008

Vulcan Engineers

Vulcan Engineers Ltd has informed BSE that the given below are the details of the email i.d. designated exclusively for grievance redressal division / compliance officer: complianceofficer@vulcanengineers.com
Source: BSE Date: 09-05-2008

Essel Propack

Essel Propack Ltd has informed BSE regarding a Press Release dated September 05, 2008 titled "Essel Propack acquires Medical Engineering & Design, Inc. in USA"
Source: BSE Date: 09-05-2008

Timex Group India

Timex Group India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 23, 2008, has resolved to sell Precision Engineering Division of the Company at fair market value to another Group Company, subject to the approval by the shareholders through the process of Postal Ballot.
Source: BSE Date: 09-05-2008

India Foils

India Foils Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 08, 2008, to take on record the Order of the Hon'ble BIFR.
Source: BSE Date: 09-05-2008

Kamanwala Housing Construction

Kamanwala Housing Construction Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 05, 2008, inter alia, have accorded to the following: 1. Declared a dividend of Rs 2.50 per Equity Share of Rs 10/- each (i.e. 25%); and 2. Approved the issue of Bonus Shares in the ratio of 1:1.
Source: BSE Date: 09-05-2008

Mukat Pipes

Mukat Pipes Ltd has informed BSE that the Companys Email Id for the grievance redressal division / compliance officer is kishor@mukat.com..
Source: BSE Date: 09-05-2008

Indoco Remedies

Indoco Remedies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 05, 2008, inter alia, has confirmed the proposal for recommendation of a dividend of Rs 5.00 per share (50%) for the financial year ended March 31, 2008 (9 months).
Source: BSE Date: 09-05-2008

Williamson Magor and Company

Williamson Magor & Company Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on August 25, 2008.
Source: BSE Date: 09-05-2008

Phoenix International

Phoenix International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 30, 2008, inter alia, has considered the following: 1. Board has fixed the date, time & venue of 21st Annual General Meeting of the Company and Book Closure. 2. Board has approved the notice convening Annual General Meeting to be held on September 30, 2008. 3. Board has approved the appointment of Mr. Paruvatharayil Mathai Alexander as an Additional Director. 4. Board considered the resignation letter submitted by existing Auditors who have expressed their unwillingness for re-appointment at AGM and who has to vacate their office at the conclusion of 21st Annual general meeting. 5. Board also recommend to pass ordinary resolution at AGM to appoint M/s. RKM & Associates, Chartered Accountants, New Delhi, as Statutory Auditor, who has submitted their consent & eligibility letter in terms of section 224(1B) of the Companies Act, 1956.
Source: BSE Date: 09-05-2008

NSE Notices and Announcements Sept 5

Satyam Computer Services

Satyam Computer Services Ltd has informed the Exchange that "Pursuant to the Securities and Exchange Board of India (Insider Trading) (Amendment) Regulations, 2002 and the Company's Insider Trading Policy, we hereby intimate to you the continual disclosures of sales received by the Company's Compliance Officer, which is as follows: (1) Name of the Employee : K. Sriram, No. of Equity Shares : Self :- 1,000; Dependant :- NIL, No. of ADSs : Self :- NIL; Dependant :- NIL, (2) Name of the Employee : Manish Mehta, No. of Equity Shares : Self :- 25,000; Dependant :- NIL, No. of ADSs : Self :- NIL; Dependant :- NIL."

Source: NSE Date:09-05-2008

IFB Industries

Ifb Industries Ltd. has informed the Exchange that the Committee of Directors formed for the purpose of the preferential allotment met on September 02, 2008 and allotment of 1850000 equity shares of Rs.10/- each at a price of Rs.47/- aggregating Rs. 86950000.00/- on preferential basis were made to IFB Automotive Pvt.Ltd., a promoter group company.
Source: NSE Date: 09-05-2008

Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund (Investment Managers - Kotak Mahindra Asset Management Co. Ltd) has informed the Exchange that the Net Asset Value (per unit) of Kotak PSU Bank ETF as on September 04, 2008 is Rs. 224.6365.

Source: NSE Date: 09-05-2008

Neyveli Lignite Corporation

Neyveli Lignite Corporation Limited has informed the Exchange regarding the outcome of Annual General Meeting held on September 02, 2008. The details 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:09-05-2008

Bank Of India

Bank Of India has informed the Exchange that the Bank has rescheduled the Extra Ordinary General Meeting and the same shall be held on October 23, 2008 instead of October 24, 2008 as reported earlier.
Source: NSE Date:Date: 09-05-2008

Essel Propack

Essel Propack Ltd. has informed the Exchange that the Company, through its step down subsidiary viz., Tacpro Inc., USA, has acquired 74% equity holding of Medical Engineering and Design Inc., a Company based in Minneapolis, USA and a supplier of specialized disposable Medical Devices. Further, the Company has informed the Exchange regarding a press release dated September 05, 2008, titled "Essel Propack acquires Medical Engineering & Design, Inc. in USA". A copy of the press release 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: 09-05-2008

Shri Shakti LPG

Shri Shakti Lpg Ltd. has informed the Exchange that the Annual General Meeting of the Company will be held on September 25, 2008. The Register of Members and Share Transfer Books will remain closed from September 24, 2008 to September 25, 2008 (both days inclusive).

Source: NSE Date:09-05-2008

KNR Constructions

Knr Constructions Limited has informed the Exchange vide its letter dated September 05, 2008 that the shareholders of the Company by way of Postal Ballot, have passed the resolutions, with requisite majority. The details 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:09-05-2008

IFB Industries

Ifb Industries Ltd. has informed the Exchange that the Committee of Directors formed for the purpose of the preferential allotment met on September 02, 2008 and allotment of 1850000 equity shares of Rs.10/- each at a price of Rs.47/- aggregating Rs. 86950000.00/- on preferential basis were made to IFB Automotive Pvt.Ltd., a promoter group company.
Source: NSE Date: 09-05-2008

NEPC Textiles

Nepc Textiles Ltd. has informed the Exchange that "The High Court of Judicature at Madras has passed Order and accorded its approval to the scheme of Reduction of Share Capital and Securities Premium Account as approved by the members of this Company at its 14th Annual General Meeting held on 17-08-2007. A Certified copy of the Order of the said High Court Order has just been received by the Company on 28th day of August, 2008. Pursuant to the Order of High Court and the scheme of Reduction of Share Capital as approved by the members of this Company at its 14th Annual General Meeting held on 17-08-2007, the accumulated losses of the Company are ordered to be set off as follows: Accumulated losses to be set off - Rs. 21,81,01,000/-; Against Share Premium account - Rs. 17,52,09,000/-; Against Paid -up Equity Share Capital - Rs. 4,28,92,000/-. Accordingly, the Company's Paid-up Equity Share Capital is to be reduced from Rs. 19,22,82,380/- divided into 1,92,28,238 equity shares of Rs.10/- each to Rs. 14,93,90,380/- divided into 1,49,39,038 equity shares of Rs. 10/- each".
Source: NSE Date: 09-05-2008

Corporation Bank

Corporation Bank has informed the Exchange that "In exercise of powers conferred by clause (f) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub-clause (1) & 2 of clause 9 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, the Central Government, has nominated Shri T Ramachandra Bhat, Manager, Customer Service Division, Corporation Bank, Head Office, Mangalore as the Director of the Bank representing the Officers with effect from 4th September, 2008 and upto 31.12.2009 vice Shri D. N. Prakash.

Source: NSE Date: 09-05-2008

Computech International

Computech International Ltd. has informed the Exchange that in connection with the Annual General Meeting of the Company scheduled to be held on September 29, 2008, the register of members and share transfer Books shall remain closed from September 25, 2008 to September 29, 2008 (Both Days Inclusive)
Source: NSE Date: 09-05-2008

Vivimed Labs

Vivimed Labs Limited has informed the Exchange that the dividend if declared by its members in the Annual General Meeting of the Company to be held on September 27, 2008 , shall be payable on or after the October 02, 2008.
Source: NSE Date: 09-05-2008

Indo Rama Synthetics (India)

Indo Rama Synthetics (India) Limited has informed the Exchange that " The resignation having being accepted by the Directors, Mr. K.N. Memani is deemed to have resigned from the Board of Directors of the Company with effect from July 9, 2008
Source: NSE Date: 09-05-2008

Indoco Remedies

Indoco Remedies Limited has informed the Exchange that at the adjourned meeting of the Board of Directors held on September 05, 2008 the Board has confirmed the proposal for recommendation of a dividend of Rs.5.00 per share (50%) for the financial year ended March 31, 2008 (9 months).
Source: NSE Date: 09-05-2008

Latest SEBI circular and notices

PR. No. 165 /2008 SEBI amends Equity Listing Agreement Securities and Exchange Board of India (SEBI) has amended Equity Listing Agreement vide circular dated September 4, 2008. The highlights of the amendments are: 1. Fairness Opinion of independent merchant banker : In order to safeguard the interest of shareholders, the listed company as well as the unlisted company which are getting merged shall each be required to appoint an independent merchant banker for giving a fairness opinion on the valuation done by valuers. Further, the Fairness opinion of the merchant bankers shall be made available to the shareholders at the time of approving the resolution under Clause 24. 2. Submission & Publication of Financial Results: In order to bring more efficiency in the disclosures of financial results, certain amendments have been made with regard to timeline for submitting consolidated financial results to the stock exchange, publication thereof, submission and placing of limited review reports before Board/Committee, etc. The other amendments, inter alia, include provisions relating to notice period for rights issues. The full text of the circular is available on the website: www.sebi.gov.in. Mumbai, September 4, 2008
Source: SEBI Date: 2008-09-05