Friday, October 10, 2008
BSE Notices 10 October, 2008
Latest BSE announcements and notices from Stockinvest.in
Aditya Ispat
Aditya Ispat Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 14, 2008, to consider Allotment of 2,50,000 Fully Convertible Warrants to be allotted on Preferential basis in accordance to Special Resolution Passed u/s 81(1A) of the Companies Act, 1956 in the Annual General Meeting held on September 30, 2008.
Source: BSE Date: 10th-Oct-2008
Indian Hotels Company
Indian Hotels Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2008, inter alia, to consider, the Audited Financial Results of the Company for the quarter / half-year ended September 30, 2008 (Q2).
Source: BSE Date: 10th-Oct-2008
United Phosphorous
United Phosphorus Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 20, 2008, inter alia, to consider and take on record the Unaudited Financial Results (Provisional) of the Company for the quarter ended September 30, 2008 (Q2).
Source: BSE Date: 10th-Oct-2008
Deepak Spinners
Deepak Spinners Ltd has informed BSE that Shri. J N Pathak has been appointed Additional Director of the Company in the Board Meeting held on September 11, 2008.
Source: BSE Date: 10th-Oct-2008
GlaxoSmithKline Pharmaceuticals
GlaxoSmithKline Pharmaceuticals 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, approval of unaudited financial results for the 3rd quarter ended September 30, 2008 (Q3).
Source: BSE Date: 10th-Oct-2008
Syndicate Bank
Syndicate Bank has informed BSE that in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of Clause 3 and sub-clause (1) of Clause 8 of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970/1980, the Central Government on October 08, 2008, in consultation with Reserve Bank of India, has appointed Shri. Vinod Kumar Nagar as a whole time Director (Designated as Executive Director) of the Bank until further orders or till the date of his superannuation i.e. upto July 31, 2011, whichever is earlier.
Source: BSE Date: 10th-Oct-2008
Motilal Oswal Financial Services
Motilal Oswal Financial Services Ltd has informed BSE that the Remuneration / Compensation Committee (Committee) of the Board of Directors of the Company at its Meeting held on October 10, 2008, in accordance with the provisions of ‘Motilal Oswal Financial Services Ltd - Employees’ Stock Option Scheme - VI’ (ESOS - VI) granted 21,10,000 Stock Options to the Eligible Employees of the Company and its subsidiaries. Further the Company has informed that, 4,36,750 stock options granted by the Committee in accordance with the provisions of various Employees’ Stock Options Schemes of the Company, have lapsed.
Source: BSE Date: 10th-Oct-2008
Ashok Leyland
Ashok Leyland Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2008, inter alia, to take on record the Un-audited Financial Results of the Company for the quarter / half-year ended September 30, 2008 (Q2).
Source: BSE Date: 10th-Oct-2008
Motilal Oswal Financial Services
Motilal Oswal Financial Services Ltd has informed BSE about the Standalone & Consolidated unaudited financial results for the Quarter ended Sep 30, 2008.
Source: BSE Date: 10th-Oct-2008
Aurobindo Pharma
Aurobindo Pharma Ltd has informed BSE regarding a press release dated October 10, 2008, titled “Aurobindo Pharma receives final approval for Fluconazole Tablets”
Source: BSE Date: 10th-Oct-2008
Narmada Gelatines
Narmada Gelatines Ltd has informed BSE that the 47th Annual General Meeting (AGM) of the Company was held on September 19, 2008.
Source: BSE Date: 10th-Oct-2008
Jaiprakash Associates
Jaiprakash Associates Ltd has informed BSE that the Company on October 10, 2008 has allotted 1,00,00,000 Equity Shares of Rs 2/- each for cash at a premium of Rs 395/- per share to Jaypee Ventures Pvt. Ltd., a Promoters” Group Company, against the equal number of Share Warrants issued to them at the rate of Rs 397/- per warrant.
Source: BSE Date: 10th-Oct-2008
Sintex India
Sintex Industries Ltd has announced the following Unaudited results for the quarter ended September 30, 2008: The results for the Quarter ended September 30, 2008 The Company has posted a net profit of Rs 682.415 million for the quarter ended September 30, 2008 as compared to Rs 419.845 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3286.10 million for the quarter ended September 30, 2007 to Rs 4635.834 million for the quarter ended September 30, 2008. The Consolidated results are as follows: The consolidated results for the Quarter ended September 30, 2008 The Group has posted a net profit of Rs 837.802 million for the quarter ended September 30, 2008 as compared to Rs 442.725 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3976.633 million for the quarter ended September 30, 2007 to Rs 7560.686 million for the quarter ended September 30, 2008.
Source: BSE Date: 10th-Oct-2008
Intense Technologies
Intense Technologies Ltd has informed BSE regarding the minutes of the 18th Annual General Meeting (AGM) of the Company held on September 30, 2008.
Source: BSE Date: 10th-Oct-2008
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NSE notices 10 October, 2008
Latest NSE news, announcements and notices from Stockinvest.in
Transport Corporation of India
Transport Corporation Of India Limited has informed the Exchange regarding the disclosures received from the Directors/Officers in respect of their shareholding in the Company as on September 30, 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: 10th-Oct-2008
Gujarat Alkalies and Chemicals
Gujarat Alkalies And Chemicals Ltd. has submitted to the Exchange a copy of the minutes of Annual General Meeting of the Company held on September 26, 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: 10th-Oct-2008
Motilal Oswal Financial Services
Motilal Oswal Financial Services Limited has informed the Exchange that the Remuneration/ Compensation Committee of the Board of Directors of the Company had, at its meeting held on October 10, 2008, in accordance with the provisions of ‘Motilal Oswal Financial Services Limited- Employees Stock Option Scheme- VI’ (ESOS- VI) granted 21,10,000 Stock Options to the Eligible Employees of the Company and its subsidiaries. Further, the Company has informed that 4,36,750 stock options granted by the Committee in accordance with the provisions of various Employees’ Stock Options Schemes of the Company, have lapsed.
Source: NSE Date: 10th-Oct-2008
Syndicate Bank
Syndicate Bank has informed the Exchange that “In exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of Clause 3 and sub-clause (1) of Clause 8 of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970/1980, the Central Government on 08.10.2008, in consultation with Reserve Bank of India, has appointed Shri Vinod Kumar Nagar, as a whole time Director (Designated as Executive Director) of the Bank until further orders or till the date of his superannuation i.e. upto 31st July 2011, whichever is earlier”.
Source: NSE Date: 10th-Oct-2008
Sudarshan Chemical Industries
Sudarshan Chemical Industries Ltd has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 29, 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: 10th-Oct-2008
Lotte India Corporation
Lotte India Corporation Limited had informed the Exchange that the Reverse -Book Building for Delisting of equity shares of Lotte India Corporation Limited (”LICL”/”the Company”), in respect of which the Bid Period was from September 26, 2008 to October 01, 2008 (both days inclusive). The company has now informed the Exchange that the final price discovered through RBP is Rs. 825/- per equity share and the promoter has not accepted the discovered price. Further the Company has submitted a copy of the Public Announcement (PA), rejecting above price, has been published on October 06, 2008 in the Newspaper as per SEBI Delisting Guidelines 2003. 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: 10th-Oct-2008
Zensar Technologies
Zensar Technologies Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Company held on July 23, 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: 10th-Oct-2008
Motilal Oswal Financial Services
Motilal Oswal Financial Services Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the second quarter and half year ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 10, 2008) that: “Out of the issue proceeds of Rs.24,607 lacs, the Company has utilized an amount of Rs. 22,756 lacs as per the Objects of the issue and the unutilized amount is invested in Mutual Funds”.
Source: NSE Date: 10th-Oct-2008
Crest Animation Studios
Crest Animation Studios Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Members of the Company held on September 24, 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: 10th-Oct-2008
UTV Software Communications
UTV Communications Limited has informed the Exchange that as per section 192A of the Comapnies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules 2001, consent of the shareholders is required to be obtained by means of Postal Ballot to amend the terms of warrants issued to Unilazer Exports and Management consultants Limited as more particularly stated in the notice. The Company has posted the notice and postal ballot form on October 07, 2008. The Company has appointed Mr. Sanjay Parab, Practicising Company Secretary as the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner. The duly completed Postal Ballot Form should reach the Scrutinizer on or before the November 07, 2008. The Scrutinizer will submit his final report after the completion of the scrutiny and the results of the Postal Ballot shall be announced by the Chairman or in his absence by any person so authorised by Chairman on November 10, 2008. A copy of notice of the Postal Ballot 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: 10th-Oct-2008
Jaiprakash Associates
Jaiprakash Associates Limited has informed the Exchange that the Company has today, the October 10, 2008 allotted 1,00,00,000 Equity Shares of Rs.2/- each for the cash at premium of Rs.395/- per share to Jaypee Ventures Private Limited., a Promoters’ Group Company, against the equal number of Share Warrants issued to them at the rate of Rs.397/- per warrant.
Source: NSE Date: 10th-Oct-2008
Bharti Airtel
Bharti Airtel Limited has informed the Exchange that “The Allotment Committee of Board of Directors of Bharti Airtel Limited, in its meeting held today, the 8th day October 2008, has allotted 36,815 Equity Shares to the employees upon exercise of Stock options pursuant to ESOP Scheme 2005 of the Company in the following manner: 1) 20,175 Equity Shares of Rs. 10/- each fully paid up at an exercise price of Rs.221/- 2) 375 Equity Shares of Rs.10/- each fully paid up at an exercise price of Rs.357/- 3) 4,400 Equity Shares of Rs.10/- each fully paid up at an exercise price of Rs.366/- 4) 11,690 Equity Shares of Rs. 10 each fully paid up at an exercise price of Rs.390/- 5) 175 Equtiy Shares of Rs.10/- each fully paid up at an exercise price of Rs.412/-. With the allotment of the above shares the equity base of the Company stand incresed from present level of 1,898,101,605 (Nos.) to 1,898,138,419 (Nos.) equity shares of Rs. 10/- each.
Source: NSE Date: 10th-Oct-2008
Sintex India
Sintex Industries Ltd. has informed the Exchange regarding a press release, titled “Sintex Industries Limited: Q2FY09 Results Communication - Q2 FY09 Net Sales higher by 85% at Rs. 7198 million; EBIDTA up 68% to Rs. 1341 million; Net profit improves 86% to RS. 838 million”. 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: 10th-Oct-2008
Aurobindo Pharma
Aurobindo Pharma Ltd has informed the Exchange regarding a press release dated October 10, 2008, titled “Aurobindo Pharma receives final approval for Fluconazole Tablets”. 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: 10th-Oct-2008
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Transport Corporation of India
Transport Corporation Of India Limited has informed the Exchange regarding the disclosures received from the Directors/Officers in respect of their shareholding in the Company as on September 30, 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: 10th-Oct-2008
Gujarat Alkalies and Chemicals
Gujarat Alkalies And Chemicals Ltd. has submitted to the Exchange a copy of the minutes of Annual General Meeting of the Company held on September 26, 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: 10th-Oct-2008
Motilal Oswal Financial Services
Motilal Oswal Financial Services Limited has informed the Exchange that the Remuneration/ Compensation Committee of the Board of Directors of the Company had, at its meeting held on October 10, 2008, in accordance with the provisions of ‘Motilal Oswal Financial Services Limited- Employees Stock Option Scheme- VI’ (ESOS- VI) granted 21,10,000 Stock Options to the Eligible Employees of the Company and its subsidiaries. Further, the Company has informed that 4,36,750 stock options granted by the Committee in accordance with the provisions of various Employees’ Stock Options Schemes of the Company, have lapsed.
Source: NSE Date: 10th-Oct-2008
Syndicate Bank
Syndicate Bank has informed the Exchange that “In exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of Clause 3 and sub-clause (1) of Clause 8 of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme, 1970/1980, the Central Government on 08.10.2008, in consultation with Reserve Bank of India, has appointed Shri Vinod Kumar Nagar, as a whole time Director (Designated as Executive Director) of the Bank until further orders or till the date of his superannuation i.e. upto 31st July 2011, whichever is earlier”.
Source: NSE Date: 10th-Oct-2008
Sudarshan Chemical Industries
Sudarshan Chemical Industries Ltd has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 29, 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: 10th-Oct-2008
Lotte India Corporation
Lotte India Corporation Limited had informed the Exchange that the Reverse -Book Building for Delisting of equity shares of Lotte India Corporation Limited (”LICL”/”the Company”), in respect of which the Bid Period was from September 26, 2008 to October 01, 2008 (both days inclusive). The company has now informed the Exchange that the final price discovered through RBP is Rs. 825/- per equity share and the promoter has not accepted the discovered price. Further the Company has submitted a copy of the Public Announcement (PA), rejecting above price, has been published on October 06, 2008 in the Newspaper as per SEBI Delisting Guidelines 2003. 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: 10th-Oct-2008
Zensar Technologies
Zensar Technologies Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Company held on July 23, 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: 10th-Oct-2008
Motilal Oswal Financial Services
Motilal Oswal Financial Services Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the second quarter and half year ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 10, 2008) that: “Out of the issue proceeds of Rs.24,607 lacs, the Company has utilized an amount of Rs. 22,756 lacs as per the Objects of the issue and the unutilized amount is invested in Mutual Funds”.
Source: NSE Date: 10th-Oct-2008
Crest Animation Studios
Crest Animation Studios Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Members of the Company held on September 24, 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: 10th-Oct-2008
UTV Software Communications
UTV Communications Limited has informed the Exchange that as per section 192A of the Comapnies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules 2001, consent of the shareholders is required to be obtained by means of Postal Ballot to amend the terms of warrants issued to Unilazer Exports and Management consultants Limited as more particularly stated in the notice. The Company has posted the notice and postal ballot form on October 07, 2008. The Company has appointed Mr. Sanjay Parab, Practicising Company Secretary as the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner. The duly completed Postal Ballot Form should reach the Scrutinizer on or before the November 07, 2008. The Scrutinizer will submit his final report after the completion of the scrutiny and the results of the Postal Ballot shall be announced by the Chairman or in his absence by any person so authorised by Chairman on November 10, 2008. A copy of notice of the Postal Ballot 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: 10th-Oct-2008
Jaiprakash Associates
Jaiprakash Associates Limited has informed the Exchange that the Company has today, the October 10, 2008 allotted 1,00,00,000 Equity Shares of Rs.2/- each for the cash at premium of Rs.395/- per share to Jaypee Ventures Private Limited., a Promoters’ Group Company, against the equal number of Share Warrants issued to them at the rate of Rs.397/- per warrant.
Source: NSE Date: 10th-Oct-2008
Bharti Airtel
Bharti Airtel Limited has informed the Exchange that “The Allotment Committee of Board of Directors of Bharti Airtel Limited, in its meeting held today, the 8th day October 2008, has allotted 36,815 Equity Shares to the employees upon exercise of Stock options pursuant to ESOP Scheme 2005 of the Company in the following manner: 1) 20,175 Equity Shares of Rs. 10/- each fully paid up at an exercise price of Rs.221/- 2) 375 Equity Shares of Rs.10/- each fully paid up at an exercise price of Rs.357/- 3) 4,400 Equity Shares of Rs.10/- each fully paid up at an exercise price of Rs.366/- 4) 11,690 Equity Shares of Rs. 10 each fully paid up at an exercise price of Rs.390/- 5) 175 Equtiy Shares of Rs.10/- each fully paid up at an exercise price of Rs.412/-. With the allotment of the above shares the equity base of the Company stand incresed from present level of 1,898,101,605 (Nos.) to 1,898,138,419 (Nos.) equity shares of Rs. 10/- each.
Source: NSE Date: 10th-Oct-2008
Sintex India
Sintex Industries Ltd. has informed the Exchange regarding a press release, titled “Sintex Industries Limited: Q2FY09 Results Communication - Q2 FY09 Net Sales higher by 85% at Rs. 7198 million; EBIDTA up 68% to Rs. 1341 million; Net profit improves 86% to RS. 838 million”. 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: 10th-Oct-2008
Aurobindo Pharma
Aurobindo Pharma Ltd has informed the Exchange regarding a press release dated October 10, 2008, titled “Aurobindo Pharma receives final approval for Fluconazole Tablets”. 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: 10th-Oct-2008
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Thursday, October 9, 2008
SEBI Circulars 7 October, 2008
Latest SEBI circulars, notices and announcements from Stockinvest.in
PR No.203/2008
Order against M/s. Save Earth Herbs Ltd. Dr. T.C Nair, Whole Time Member, SEBI has passed an order dated September 22, 2008 against M/s. Save Earth Herbs Ltd. (SEHL). SEHL was operating Collective Investment Schemes (CIS) without obtaining registration with SEBI and thus failed to comply with requirements of the SEBI Act, 1992 and the SEBI (CIS) Regulations. SEHL has also failed to refund money or assets to investors along with the requisite interest as required under Regulation 65 of CIS Regulations. M/s. Save Earth Herbs Ltd. and their Directors have been directed to refrain from collecting any money from investors under its existing schemes with immediate effect; refrain from launching any new collective investment scheme(s); refund the money collected under its existing collective investment scheme(s) with returns which are due to the investors as per the terms of the offer and along with requisite interest (which should not be less than the bank interest) for delay, if any, within a period of one month from the date of the order failing which the following further actions would follow including: 1. Initiation of prosecution proceedings under Section 24 read with Section 27 of the SEBI Act, 1992 against SEHL / its promoters/ directors/managers/ persons-in-charge of the business of its scheme(s) also, whose names are mentioned in the schedule annexed to the order for failure to obey the above directions. 2. Debarring SEHL/ its promoters/ directors/ managers/ persons-in-charge of the business of its scheme(s), whose names are mentioned in the schedule annexed to the order from operating in accessing the capital market for a period of 5 years. 3. Reference to the state government/local police to register civil/criminal cases against SEHL/ its promoters /directors/managers/ persons-in-charge of the business of its scheme(s), whose names are mentioned in the schedule annexed to the order , for apparent offences of fraud, cheating, criminal breach of trust and misappropriation of public funds. 4. Reference to the Ministry of Corporate Affairs for initiating winding up proceedings against SEHL. The full text of the above order is available on the website: www.sebi.gov.in Mumbai October 06, 2008
Source: SEBI Date: 2008-10-07
PR No.200/2008
Consent order against Shri Anil Jain in the matter of Mazda Fabrics and Processors Ltd. A Panel consisting of Dr. T. C. Nair, Whole Time Member and Shri M. S. Sahoo, Whole Time Member has passed consent order dated September 30, 2008, on an application submitted by Shri Anil Jain, in the matter of Mazda Fabrics and Processors Ltd. in accordance with SEBI guidelines dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 6 Lakh towards the terms of consent in the matter. The order shall come into force with immediate effect. The full text of the order is available on the website www.sebi.gov.in Mumbai October 03, 2008
Source: SEBI Date: 2008-10-07
PR No.201/2008
Order in the matter of M/s. Subhash Projects & Marketing Ltd. Dr. T. C. Nair, Whole Time Member, SEBI has passed an order dated September 25, 2008 in the matter of M/s. Subhash Projects & Marketing Ltd. restraining M/s. Raj Investments, Ms. Samta Jain - Proprietor M/s. Raj Investments, M/s. Blue Chip Capital Markets Pvt. Ltd., Shri Sandeep Jain-Director M/s. Blue Chip Capital Markets Pvt. Ltd., M/s. Shri Vardhman Finvest Pvt. Ltd, Shri Raj Kumar Jain-Director M/s. Shri Vardhman Finvest Pvt. Ltd., M/s. Jain Enclave Pvt. Ltd., Shri Kuldeep Jain-Director M/s. Jain Enclave Pvt. Ltd, M/s. Sarawgi Developers Pvt. Ltd., Shri Sanjay Kumar Jain-Director M/s. Sarawgi Developers Pvt. Ltd. and Shri Raj Kumar Jain alias Patni from accessing the securities market and from buying, selling or dealing in securities for a period of six months. The order shall come into force with immediate effect. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 03, 2008
Source: SEBI Date: 2008-10-07
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PR No.203/2008
Order against M/s. Save Earth Herbs Ltd. Dr. T.C Nair, Whole Time Member, SEBI has passed an order dated September 22, 2008 against M/s. Save Earth Herbs Ltd. (SEHL). SEHL was operating Collective Investment Schemes (CIS) without obtaining registration with SEBI and thus failed to comply with requirements of the SEBI Act, 1992 and the SEBI (CIS) Regulations. SEHL has also failed to refund money or assets to investors along with the requisite interest as required under Regulation 65 of CIS Regulations. M/s. Save Earth Herbs Ltd. and their Directors have been directed to refrain from collecting any money from investors under its existing schemes with immediate effect; refrain from launching any new collective investment scheme(s); refund the money collected under its existing collective investment scheme(s) with returns which are due to the investors as per the terms of the offer and along with requisite interest (which should not be less than the bank interest) for delay, if any, within a period of one month from the date of the order failing which the following further actions would follow including: 1. Initiation of prosecution proceedings under Section 24 read with Section 27 of the SEBI Act, 1992 against SEHL / its promoters/ directors/managers/ persons-in-charge of the business of its scheme(s) also, whose names are mentioned in the schedule annexed to the order for failure to obey the above directions. 2. Debarring SEHL/ its promoters/ directors/ managers/ persons-in-charge of the business of its scheme(s), whose names are mentioned in the schedule annexed to the order from operating in accessing the capital market for a period of 5 years. 3. Reference to the state government/local police to register civil/criminal cases against SEHL/ its promoters /directors/managers/ persons-in-charge of the business of its scheme(s), whose names are mentioned in the schedule annexed to the order , for apparent offences of fraud, cheating, criminal breach of trust and misappropriation of public funds. 4. Reference to the Ministry of Corporate Affairs for initiating winding up proceedings against SEHL. The full text of the above order is available on the website: www.sebi.gov.in Mumbai October 06, 2008
Source: SEBI Date: 2008-10-07
PR No.200/2008
Consent order against Shri Anil Jain in the matter of Mazda Fabrics and Processors Ltd. A Panel consisting of Dr. T. C. Nair, Whole Time Member and Shri M. S. Sahoo, Whole Time Member has passed consent order dated September 30, 2008, on an application submitted by Shri Anil Jain, in the matter of Mazda Fabrics and Processors Ltd. in accordance with SEBI guidelines dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 6 Lakh towards the terms of consent in the matter. The order shall come into force with immediate effect. The full text of the order is available on the website www.sebi.gov.in Mumbai October 03, 2008
Source: SEBI Date: 2008-10-07
PR No.201/2008
Order in the matter of M/s. Subhash Projects & Marketing Ltd. Dr. T. C. Nair, Whole Time Member, SEBI has passed an order dated September 25, 2008 in the matter of M/s. Subhash Projects & Marketing Ltd. restraining M/s. Raj Investments, Ms. Samta Jain - Proprietor M/s. Raj Investments, M/s. Blue Chip Capital Markets Pvt. Ltd., Shri Sandeep Jain-Director M/s. Blue Chip Capital Markets Pvt. Ltd., M/s. Shri Vardhman Finvest Pvt. Ltd, Shri Raj Kumar Jain-Director M/s. Shri Vardhman Finvest Pvt. Ltd., M/s. Jain Enclave Pvt. Ltd., Shri Kuldeep Jain-Director M/s. Jain Enclave Pvt. Ltd, M/s. Sarawgi Developers Pvt. Ltd., Shri Sanjay Kumar Jain-Director M/s. Sarawgi Developers Pvt. Ltd. and Shri Raj Kumar Jain alias Patni from accessing the securities market and from buying, selling or dealing in securities for a period of six months. The order shall come into force with immediate effect. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 03, 2008
Source: SEBI Date: 2008-10-07
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RBI cuts CRR by 150 basis points
The breaking news is that the Reserve Bank Of India has cut the CRR ratio by 150 basis points to 7.5 percent from tomorrow infusing Rs 60,000 Crore into the banking system.
Read complete story at stockinvest.in>>>
Read complete story at stockinvest.in>>>
Wednesday, October 8, 2008
NSE notices 8 October, 2008
Latest NSE announcements and notices from Stockinvest.in
Kotak Mutual Fund - Gold Exchange Traded 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 Gold ETF as on October 07, 2008 is Rs. 1365.5906.
Source: NSE Date: 8th-Oct-2008
Pantaloon Retail
Pantaloon Retail (India) Ltd. has informed the Exchange that the share transfer books and members’ register of the Company will be closed from November 07, 2008 to November 10, 2008 (both days inclusive) for the purpose of determining the eligibility of shareholders for issue of fully paid up equity shares with Differential Rights viz. Class B Shares (Series 1) as bonus shares and also for the purpose of Annual General Meeting as well as determining eligibility of shareholders entitled to dividend to be declared at Annual General Meeting. The Annual General Meeting of the Company will be held on November 10, 2008.
Source: NSE Date: 8th-Oct-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 October 07, 2008 is Rs. 205.6885.
Source: NSE Date: 8th-Oct-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 October 07, 2008 is Rs. 205.6885.
Source: NSE Date: 8th-Oct-2008
ICICI Bank
Members of the Exchange are hereby informed that the trading in the November 2001 Regular Income - Option I, II and III, Symbol - ICICI1201, Series - N5, N6 and N7 of ICICI Bank Ltd. (issued by erstwhile ICICI Ltd.) shall be suspended w.e.f. November 17, 2008 on account of final redemption.
Source: NSE Date: 8th-Oct-2008
Ponni Sugars (Erode)
Ponni Sugars (Erode) Limited has informed the Exchange that ICRA Limited has assigned the following Credit Ratings for the Term Loan facilities availed by the Company from its Bankers: (1) Nature of facility: Short Term Loan facilities of Rs.9 crores (and Additional Short Term Loan within Rs.25.50 crores sanctioned Bank Limits for Fund based facilites); Credit rating assigned: “A2″ (A Two); Rating details: Above average credit quality rating assigned by ICRA to short-term debt instruments carrying higher credit risk than instruments rated A1. (2) Sactioned Bank Limit for: a) Term Loan facilities of Rs.21.10 crores b) Fund based limit of Rs.25.50 crores c) Non fund based limit of Rs.2 crores; Credit rating assigned: “LBBB” (L Triple B); Rating details: Moderate credit quality rating assigned by ICRA which carries higher than average credit risk.
Source: NSE Date: 8th-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 : 904; c) Scheme : ESOP 2003 Plan - Options Exercised : Nil; d) Scheme : ESOP 2004 Plan - Options Exercised: Nil; e) Total Options Exercised : 904. The terms and time period of exercise of the stock options is as per the relevant ESOP Schemes”.
Source: NSE Date: 8th-Oct-2008
HOV Services
Hov Services Limited has informed the Exchange that the Compensation & Remuneration Committee of the Board of Directors of the Company in its Meeting held on October 08, 2008, has granted Employee Stock Options as below pursuant to the the HOVS Stock Option Plan 2007. Particulars: To the eligible new employees of the subsidiaries; No. of Options: 55,000; Total No. of Options: 55,000.
Source: NSE Date: 8th-Oct-2008
Geometric
Geometric Limited has informed the Exchange regarding a press release dated October 08, 2008, titled “CAMWorks wins Readers’ Choice Awards 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: 8th-Oct-2008
Nissan Copper
Nissan Copper Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 08, 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: 8th-Oct-2008
HOV Services
Hov Services Limited has informed the Exchange that “The Board of Directors of the Company in its meeting held on October 8, 2008 had resolved to empower the Steering Committee consisting of the Independent Directors to continue the negotiation with the buyer, to remove any variability in purchase consideration linked to the share price of the Company and any other contingency. The Board had viewed the Letter of Intent of the buyer. Valuation Report, draft of the Fairness Opinion and fully concurs with the documents and keeping in view the present market conditions, decided to postpone the Transaction in the best interest of the shareholders’ till further notice”.
Source: NSE Date: 8th-Oct-2008
Ranbaxy Laboratories
Hov Services Limited has informed the Exchange that “The Board of Directors of the Company in its meeting held on October 8, 2008 had resolved to empower the Steering Committee consisting of the Independent Directors to continue the negotiation with the buyer, to remove any variability in purchase consideration linked to the share price of the Company and any other contingency. The Board had viewed the Letter of Intent of the buyer. Valuation Report, draft of the Fairness Opinion and fully concurs with the documents and keeping in view the present market conditions, decided to postpone the Transaction in the best interest of the shareholders’ till further notice”.
Source: NSE Date: 8th-Oct-2008
Oriental Trimex
Oriental Trimex Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the members of the Company held on September 29, 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: 8th-Oct-2008
Sasken Communication Technologies
Sasken Communication Technologies Limited has informed the Exchange that pursuant to the public announcement dated April 18, 2008 Sasken Communication Technologies Limited commenced from September 15, 2008, its Scheme of Buyback of Equity Shares of the face value of Rs.10/- each fully paid-up, from its shareholders. The following are the details of the equity shares extinguished upto September 30, 2008 : (1) Equity share capital before the said extinguishment (No. of shares) : 28,560,793. (2) No. of shares extinguished/cancelled/destroyed : 325,918. (3) Equity share capital after the said extinguishment (No. of shares) : 28,234,875.
Source: NSE Date: 8th-Oct-2008
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