NSE notices 16 October, 2008

Latest NSE announcements and notices from stockinvest.in

Peninsula Lan

Peninsula Land Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 11050 lacs for quarter ending on 30-SEP-2008 against Rs. 11737 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 5460 lacs for the quarter ending on 30-SEP-2008 against Rs. 3369 lacs for the quarter ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Oracle Financial Services Software

Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 16, 2008, titled “Oracle announces launch of Oracle FLEXCUBE Regional Support Center in Moscow”. 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: 16th-Oct-2008

Sasken Communication Technologies

Sasken Communication Technologies Limited has informed the Exchange vide its letter dated October 16, 2008 that “At the Board meeting held today, Mr. Bharat P Mehta has been appointed as an Alternate Director for Mr. Jyotindra B Mody, in place of Mr. Shirish B. Mody who was hitherto an Alternate Director to him”.

Source: NSE Date: 16th-Oct-2008

HDFC Bank

Hdfc Bank Ltd has informed the Exchange regarding a press release, titled “HDFC Bank Ltd. - Financial Results (Indian GAAP) for the Quarter and Half Year ended September 30, 2008″. 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: 16th-Oct-2008

Provogue (India)

Provogue (India) Limited has submitted to the Exchange a copy of the proceedings at the Annual General Meeting of the Shareholders of the Company 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: 16th-Oct-2008

HDFC Bank

HDFC Bank Ltd has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Interest earned of Rs. 761294 lacs for the half year ending on 30-SEP-2008 against Rs. 443192 lacs for the half year ending on 30-SEP-2007. Interest expended of Rs. 402302 lacs for the half year ending on 30-SEP-2008 against Rs. 228372 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 99233 lacs for the half year ending on 30-SEP-2008 against Rs. 68971 lacs for the half year ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Panacea Biotech

Panacea Biotec Ltd. has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 27, 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: 16th-Oct-2008

HDFC Bank

HDFC Bank Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 399121 lacs for the quarter ending on 30-SEP-2008 against Rs. 236276 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 212476 lacs for the quarter ending on 30-SEP-2008 against Rs. 120008 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 52798 lacs for the quarter ending on 30-SEP-2008 against Rs. 36848 lacs for the quarter ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Panacea Biotech

Panacea Biotec Ltd. has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 27, 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: 16th-Oct-2008

HDFC Bank

HDFC Bank Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 399121 lacs for the quarter ending on 30-SEP-2008 against Rs. 236276 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 212476 lacs for the quarter ending on 30-SEP-2008 against Rs. 120008 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 52798 lacs for the quarter ending on 30-SEP-2008 against Rs. 36848 lacs for the quarter ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Religare Enterprises

Religare Enterprises Limited has informed the Exchange regarding a press release dated October 16, 2008, titled “Religare signs up ace golfer Jyoti Randhawa”. 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: 16th-Oct-2008

Religare Enterprises

Religare Enterprises Limited has informed the Exchange regarding a press release dated October 16, 2008, titled “Religare signs up ace golfer Jyoti Randhawa”. 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: 16th-Oct-2008

Coral India Finance and Housing

Coral India Finance & Housing Ltd has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on September 25, 2008. The 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: 16th-Oct-2008

Gateway Distriparks

Gateway Distriparks Limited has informed the Exchange vide its letter dated October 14, 2008 the Reconciliation of Share Capital of the company, (pre and post extinguishment). 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: 16th-Oct-2008

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BSE announcements 16 October, 2008

Latest BSE announcements and notices from Stockinvest.in

MMTC Ltd

MMTC Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2008, to consider and take on record the unaudited financial results of the Company for the quarter ended on September 30, 2008 (Q2).

Source: BSE Date: 16th-Oct-2008

Religare Enterprises

Religare Enterprises Ltd has informed BSE regarding a Press Release dated October 16, 2008 titled “Religare signs up ace golfer Jyoti Randhawa”

Source: BSE Date: 16th-Oct-2008

Camlin Fine Chemicals

Camlin Fine Chemicals Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.

Source: BSE Date: 16th-Oct-2008

Bank Of India

Bank of India has informed BSE that the Bank has raised Tier- II Capital through issue of Upper Tier-II Capital Bonds of Rs 500 Crores on October 16, 2008. The coupon rate is 11.15% p.a. and tenure is 15 years with a Call Option after 10 years.

Source: BSE Date: 16th-Oct-2008

ITL Industries

ITL Industries Ltd has informed BSE that the Company has received a bulk Order worth of Rs 54.93 Crores from M/s. Steel Authority of India Ltd (SAIL), the biggest single order in the Company’s history for supply of Slitting Line and Tube Mill

Source: BSE Date: 16th-Oct-2008

Marathwada Refractories Ltd

Marathwada Refractories Ltd has informed BSE that the 29th Annual General Meeting (AGM) of the Company was held on September 29, 2008.

Source: BSE Date: 16th-Oct-2008

Allcargo Global Logistics

Allcargo Global Logistics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 25, 2008, inter alia, to consider and approve the following: 1. The Un-audited Financial Results of the Company for the 3rd Quarter and Nine months ended September 30, 2008. 2. Sub-division (Split) of the nominal value of equity shares of the Company.

Source: BSE Date: 16th-Oct-2008

Lloyd Electric and Engineering

Lloyd Electric & Engineering Ltd has informed BSE that the members of the Company by way of postal ballot, have passed the Ordinary resolutions, with requisite majority: 1. Increase in the borrowing limits under Section 293(1)(d) of the Companies Act, 1956. 2. To mortgage / charge the properties of the Company.

Source: BSE Date: 16th-Oct-2008

Supreme Infrastructure India

With reference to the earlier announcement dated October 07, 2008 regarding Board Meeting on Oct 18, 2008, Supreme Infrastructure India Ltd has now informed BSE that due to some unavoidable condition, the Board of Directors of the Company will not be meet on pre decided date i.e. October 18, 2008, therefore the schedule of the Board Meeting has been decided October 25, 2008. Further the Company has informed that, all the matter will be same, which were mentioned in the previous notice dated October 08, 2008 in this regard.

Source: BSE Date: 16th-Oct-2008

Garden Silk Mills

Garden Silk Mills Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, inter alia, to consider and take on record the Audited Financial Results of the Company for the year ended June 30, 2008 and recommendation of dividend, if any. At the aforesaid meeting the Board of Directors will also consider and take on record the Unaudited Financial Results (Provisional) of the Company, for the first quarter ended September 30, 2008.

Source: BSE Date: 16th-Oct-2008

Hindalco Industries

With reference to the earlier announcement dated October 13, 2008 regarding Issue of Warrants on a Preferential basis, Hindalco Industries Ltd has now informed BSE that the date of receipt of Rs 17.387 against each Warrant should be read as “April 11, 2007″ instead of “April 10, 2008″. The Corrected Announcement should be read as follows : “With reference to the allotment of 8 Crore Warrants made by the Company on April 11, 2007 on a preferential basis to IGH Holdings Pvt. Ltd in pursuance of the approval accorded by the Members of the Company at the EGM held on February 25, 2007 and in respect of which in principle approval was granted by the Stock Exchanges. The holder of each warrant was entitled to apply for and obtain allotment of one Equity Share against each Warrant at the rate of Rs 173.87 per share. The Company had received Rs 17.387 against each Warrant on April 11, 2007. As per the provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000, the Warrant Holder can exercise the right for conversion of Warrant into Equity Shares within 18 months from the date of the allotment i.e. within 18 months from April 11, 2007 by paying the balance amount. Further note that IGH Holdings Pvt. Ltd has not exercised its right for conversion of the Warrants into shares within the time stipulated under the preferential guidelines. Accordingly, the aforesaid Warrants now stands lapsed.”

Source: BSE Date: 16th-Oct-2008

Sasken Communication Technologies

Sasken Communication Technologies Ltd has informed BSE regarding a Press Release dated October 16, 2008 titled “Sasken Q2 FY 09 Revenues at Rs 176.3 crores - up 23% YoY”.

Source: BSE Date: 16th-Oct-2008

Sree Rayalaseema Alkalies and Allied Chemicals

Sree Rayalaseema Alkalies & Allied Chemicals Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.

Source: BSE Date: 16th-Oct-2008

SKM Egg Products Export (India)

SKM Egg Products Export India Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 09, 2008.

Source: BSE Date: 16th-Oct-2008

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Stocks to watch

From time to time Stockinvest.in team makes an effort to track stocks which are in news for various reason. These stocks are usually not an immediate investment opportunity as their full potential will be realized later on.

The idea of mentioning these stocks is to keep track of them and invest in such stocks when the time is right.

The following stocks were in news in August 2008. How the stock market movement and later day developments in the share market effect such stocks is visible to everyone who tracks the Indian stock markets.

Stocks in news:

Bajaj Auto:

French auto major Renault has opened a second front with ultra-low-cost car partner Bajaj Auto by inviting the Pune-based two-wheeler maker to pick up stake in Renault Nissan Automotive India, which is setting up a $1-billion greenfield plant in Chennai. The company is also negotiating with Bajaj to extend the ultra-low-cost car partnership to include marketing, sales and distribution of Renault vehicles to be made in Chennai.

M&M:

Mahindra & Mahindra is going to foray into the two-wheeler segment by agreeing to buy the assets of Kinetic Motor Company for Rs 110 crore. M&M will buy the assets through a new company called Mahindra Kinetic Scooters and Motorcycles, which will own the assets of the Pune-based Kinetic Motor. M&M will own 80 per cent of the new company. Kinetic Motor, which makes two-wheelers, will own 20% in the new joint venture firm.

Ranbaxy:

The stock of Ranbaxy made some handsome gains from the beginning of 2008 but was hammered down lately on the news flow of investigation by US Justice Department in company’s affairs.

The US Department of Justice intends to withdraw its motion to enforce subpoenas on Ranbaxy Laboratories after the Indian major submits the entire audit documents sought by the federal authorities.

Axis Bank:

The government is mulling a proposal to sell part of the equity holdings it controls in Axis Bank through qualified institutional placement to a wide base of investors. The plan envisages offering over 21 per cent of Axis Bank’s equity held on behalf of the government by the Specified Undertaking of UTI to a broad-based set of investors.

UTV:

Minority shareholders of of Sony Entertainment Television (SET), now called Multi Screen Media (MSM), who hold 32 per cent stake in MSM, had earlier reached an agreement to sell their stake to billionaire-industrialist B K Modi. However, the future of that agreement is now in some doubt. It is learnt that Indian entertainment company UTV, along with Disney, is in discussion with Sony Pictures Entertainment to see if they could buy the 32 per cent stake.

Torrent Pharma:

Japan’s pharma giant Takeda Pharmaceutical is keenly eyeing Ahmedabad-based Torrent Pharmaceuticals as a possible acquisition.

Videocon:

The Dhoots of Videocon group have offered to buy Mahendra Nahata’s 36 per cent stake in all-India mobile licence holder Datacom Solutions.

ITC:

FMCG major ITC is planning to acquire an US-based IT company through its subsidiary ITC Infotech India.

New offers on the cards:

The central government is planning to list at least three state-run hydropower companies, reports mint. Satluj Jal Vidyut Nigam, Thehri Hydroelectric Development Corporation and North Eastern Electric Power Corporation may soon enter capital market.

Keeping an eye on the news flow can help you make decisions about the stocks you might want to invest in. The future prospect of any company depends on its present status and future plans. The foray of these established players into new areas can add value to their stock and make them an attractive investment idea.

Always keep the basics of stock market investing in your mind when investing in stocks. The management of the company, past track record in project implementation and execution, cash flows, debt, product and product market, turn over, profits and the growth rate are some the factors you should consider while investing in a stock.

Stock Markets on All Fools Day

The stock market keeps jumping up sometimes giving false hope to investors of the golden days gone by when everything moved only one way-UP. Now is the time to be skeptical and cautious. It is also a time for picking up some good growth and value stocks for long term buys.

Here is an old post of mine from April 1st , 2008 when the stock markets and spcifially Wall Street had jumped up on all fools day.

Stock Market Surges

Is this the real thing or is the Wall Street playing an all fools day joke on everyone? During the dot com bust the stock market jumped 3 to 4 percent many times rekindling hopes only to shatter them once again. The tech stocks gained as much as 7 to 8 percent on those days. Is history repeating itself? Have the wise ones learnt their lessons from the past? Is the worst over? I don’t think so.

People are clinging to straws. Stock traders are buying because the news is not as bad as they thought it would be! This means less bad news is good news! Will the stock markets world over move up just on hope? Who can say, only time will tell. Stock markets seem to have a mind of their own and a knack for proving the experts wrong. ( and catching you and me on the wrong foot)

Banks are trying to clean up their books in a hurry and I sure hope they are able to. I do not think we are out of the woods as yet.

Why the Spurt?

* Investors rushed back into stocks, optimistic that the worst of the credit crisis has passed and that the economy is faring better than expected.

* Renewed enthusiasm that the credit crisis might be waning was also felt in the Treasury market, where government securities fell as investors withdrew money to take bets on stocks.

* In addition to hopes about the financial sector, Wall Street was relieved to see the feeble dollar regain some strength against the Euro.

* The stock rally was boosted by the announcements from UBS and Lehman Brothers that they are boosting capital by issuing new stock.

* The Institute for Supply Management said its index of national factory activity edged up in March, although it remained below the level that separates growth from contraction still, it beat expectations, which brought back the investors.

Encouraging economic data and strength in financial shares fueled Tuesday’s rally, with major indexes each up over 3%.The Dow Jones industrial average .DJI gained 391.47 points, or 3.19 percent, to end at 12,654.36. The Standard & Poor’s 500 Index .SPX rose 47.48 points, or 3.59 percent, to 1,370.18. The NASDAQ Composite Index .IXIC jumped 83.65 points, or 3.67 percent, to 2,362.75.

Other stock markets on all fools day :

Tokyo’s Nikkei closed up 1.04 percent. There were gains in Europe too, with London’s FTSE rising 2.64 percent, Frankfurt’s DAX gaining 2.84 percent and Paris’ CAC 40 advancing 3.38 percent.

My cautious suggestion to stock market investors will be to wait and watch. The stock markets are not going to run up in a hurry and your favorite stocks will give you many opportunities for stock picking. good luck from stockinvest.in team

NSE notices 15 October, 2008

Latest NSE announcements and notices from Stockinvest.in

HCL Technologies

Hcl Technologies Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on October 15, 2008 has declared an interim dividend of Rs.3/- per share (150% on an equity share of the face value of Rs.2/-). Further, the Book closure from October 23, 2008 to October 24, 2008 (both days inclusive) fixed for payment of said interim dividend has been confirmed by the Board Directors.

HCL Technologies Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 117580 lacs for quarter ending on 30-SEP-2008 against Rs. 110775 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 25379 lacs for the quarter ending on 30-SEP-2008 against Rs. (1354) lacs for the quarter ending on 30-JUN-2008

Source: NSE Date: 15th-Oct-2008

Mphasis

Mphasis Limited has informed the Exchange that: “The exercise of the following stock options have been approved by the ESOP Committee of the Company: a) Scheme : 1998 Plan Version I & II - Options Exercised : Nil; b) Scheme : ESOP 2000 Plan - Options Exercised : 400; c) Scheme : ESOP 2003 Plan - Options Exercised : Nil; d) Scheme : ESOP 2004 Plan - Options Exercised: Nil; e) Total Options Exercised : 400. The terms and time period of exercise of the stock options is as per the relevant ESOP Schemes”.

Source: NSE Date: 15th-Oct-2008

ANG Auto

Chartered Capital And Investment Limited has submitted to the Exchange a copy of the fortnightly newspaper announcement published in the newspaper for the buyback of upto 750000 equity shares by M/s ANG Auto Limited dated October 11, 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: 15th-Oct-2008

SRF

Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited (”the Company”) is buying back its own fully paid up equity shares (”Shares”) of face value Rs.10/- each (”the Buyback”) from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd (”BSE”) and The National Stock Exchange of India Ltd. (”NSE”) (together the “Stock Exchanges”). The Company has appointed Enam Securities Pvt. Ltd., as its brokers (”Appointed Broker”) for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 15, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 15, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.):Nil; (g) Cumulative Equity Shares bought as on October 14, 2008: 2854762; (h) Quantity Closed Out on October 15, 2008 - Nil; (i) Quantity Closed out as on October 14, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 15, 2008: 2855663.

Source: NSE Date: 15th-Oct-2008

Bank Of India

Bank Of India has submitted to the Exchange a copy of Notice published in the newspapers for the purpose of Election of three shareholders directors from amongst the shareholders other than the Central Government - Extraordinary General Meeting to be held on October 23, 2008. A copy of the notice published in the news paper 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: 15th-Oct-2008

Punj Lloyd

Punj Lloyd Limited has informed the Exchange that “The Company had entered into a Joint Venture with Swissport International Limited to develop projects in the Indian cargo and ground handling sector in June 2006. However, as various options available in India’s ground handling business are currently undergoing very dynamic changes, Punj Lloyd is seeking to redefine its options and opportunities in the Indian Market and to do so Punj Lloyd and Swissport have amicably decided not to pursue the ground handling opportunities in India and have mutually agreed to terminate the Joint Venture”.

Source: NSE Date: 15th-Oct-2008

Oil and Natural Gas Corporation

Oil & Natural Gas Corpn Ltd has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on September 19, 2008. The 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: 15th-Oct-2008

Balaji Amines

Balaji Amines Limited has informed the Exchange that members at their Annual General Meeting of the Company held on September 24, 2008 have transacted the following: 1) Received, considered and adopted the Audited Balance Sheet as on March 31, 2008 and profit & loss account for the year ending on that date along with reports of director and auditors thereof. 2) Dividend was declared @ Rs. 1.50/- per equity share of Rs.10/- to the Shareholders, whose names appear on the Register of Members of the Company as on the date of this meeting. 3) Re-appointed Sri S. Vishnu Roa as Director of the Company. 4) Re-appointed Sri. M. R. Krishnaiah as a Director of the Company. 5) Re-appointed M/s V. Sridhar & Co., Chartered Accountants as Statutory Auditors of the company from conclusion of this Annual General Meeting to conclusion of next annual general meeting.

Source: NSE Date: 15th-Oct-2008

Pasupati Fabrics

Pasupati Fabrics Limited has informed the Exchange that “Mr. Raj Kumar Gupta has resigned from the post of Director of the Company w.e.f. 3rd October 2008

Source: NSE Date: 15th-Oct-2008

Jet Airways

Jet Airways (India) Ltd. has submitted to the Exchange the statement issued by the Company on October 15, 2008 regarding adjustments in network and work force. 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: 15th-Oct-2008

Satyam Computer Services

Satyam Computer Services Ltd has informed the Exchange that the Compensation committee of Directors of the Company allotted 54013 equity shares through circular resolution on October 14, 2008 approved on October 15, 2008 under stock option plans of the Company. Further, consequent to the above allotment, the paid up share capital of the Company has gone up from 673,560,065 equity shares of Rs.2/- each aggregating Rs. 1,347,120,130.00 to 673,614,078 equity shares of Rs.2/- each aggregating Rs. 1,347,228,156.00.

Source: NSE Date: 15th-Oct-2008

NIIT

Niit Limited has informed the Exchange regarding a press release dated October 15, 2008, titled “NIIT launches comprehensive ‘NIIT eGURU’ solution for schools”. 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: 15th-Oct-2008

Sanwaria Agro Oils

Sanwaria Agro Oils Limited has informed the Exchange that in the meeting of the board of directors held on October 15, 2008 the Board approved Unaudited Financial Results (Provisional) for the second quarter ended on September 30, 2008 with 154.93% increase in Turnover, 158.93% increase in PBT & 158.93% increase in PAT in comparison with previous Quarter ended on September 30, 2007

Source: NSE Date: 15th-Oct-2008

Electrosteel Castings

Electrosteel Castings Ltd has informed the Exchange that the Board of Directors at its meeting held on October 15, 2008: Accorded its consent, subject to approval of shareholders, to issue upto to 4,24,00,000 equity shares of Re.1/- each to two Non-Promoter overseas Companies on a preferential basis at a price of not less than the price to be calculated as per SEBI Guidelines or Rs.38/- per share whichever is higher. The Ordinary General Meeting has been called on December 15, 2008 for the said purpose.

Source: NSE Date: 15th-Oct-2008

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