corporate news

HCL Infosystems - Allotment of Equity Shares under ESOS
HCL Infosystems Ltd has informed that the Committee of Directors (Share Allotment) of the Company has allotted 17,305 nos of equity shares of Rs 2/- each pursuant to exercise of 3461 options (Grant price Rs 538.15 & Rs 603.95 per option) granted under ''HCL Infosystems Ltd - Employee Stock Option Scheme''.
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ACC - Allotment of shares against exercise of ESOS
Associated Cement Companies Ltd (ACC) has informed that pursuant to the Resolutions passed by Circular dated September 22, 2006, by the Shareholders / Investors Grievance Committee of the Board:

32,900 shares were allotted against exercise of Employee Stock Options under various ESOS as under:

ESOS 2001: 900 shares

ESOS 2002: 1,400 shares

ESOS 2003: 12,750 shares

ESOS 2004: 17,850 shares

Total 32,900 shares

Consequently, the paid up Share Capital of the Company has increased from 18,69,74,695 shares to 18,70,07,595 shares of Rs 10/- face value, as of date.
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Bliss Chemicals - Change of name
Bliss Chemicals & Pharmaceuticals India Ltd has informed that the Company has changed its from Bliss Chemicals and Pharmaceuticals India Ltd to Bliss GVS Pharma Ltd.
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Matrix Laboratories Announces AGM
Matrix Laboratories Ltd has informed BSE that the members at the 21st Annual General Meeting (AGM) of the Company held on September 25, 2006, inter alia, have considered and unanimously approved all the resolutions contained in the Notice of the Annual General Meeting.
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Maharashtra Seamless - Allotment of equity shares upon conversion of FCCBs
Maharashtra Seamless Ltd has informed that the Board of Directors of the Company at its meeting held on September 25, 2006, has allotted 6,01,454 no. of Equity Shares of Rs 5/- each of the Company at a Premium of Rs 248.34 per shore upon exercise of option of conversion for 3500 No. of Zero coupon Foreign Currency Convertible Bonds of US$ 1000 each into Equity Shares of the Company.

Consequently, the paid-up Equity Share Capital of the Company has increased from 6,09,01,565 Equity Shares to 6,15,03,018 Equity Shores of Rs 5 each, as of date.
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Aravali Securities Announces AGM
Aravali Securities & Finance Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 25, 2006, inter alia, have approved the following business:

1. Adoption of the Balance Sheet as at March 31, 2006 and the Profit & Loss Account for the year ended on that date together with Auditors and Directors Report thereon.

2. Appointment of M/s Salarpuria & Partners as Statutory Auditors of the company.

3. Re-appointment of Mr Gautam Khaitan as Director of the Company.
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Phoenix Lamps Announces Board Meeting
Phoenix Lamps Ltd has informed that the Board of Directors of the Company at its meeting held on September 25, 2006, inter alia, have inducted the following five directors as Additional Directors:

1. Mr Donald Macinnes Peck (Nominee of Argon India Ltd and Argon South Asia Ltd)

2. Mr Steven Mark Enderby (Nominee of Argon India Ltd and Argon South Asia Ltd)

3. Mr Jayant Davar (Independent Director).

4. Mr Raj K Sahgal (Independent Director).

5. Mr Gurdeep Singh (Independent Director)
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Choksi Imaging Announces AGM
Choksi Imaging Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on August 26, 2006, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2006 and Profit and Loss Account as at that date and the Reports of Directors'' and Auditors'' thereon.

2. Declaration of dividend of Rs 1.10 per equity share of Rs 10/- each.

3. Re-appointment of Mr Tushar M Parikh, Shri Sharadchandra Pendse and Shri Himanshu Kishnadwala, as Directors of the Company.

4. Re-appointment of M/s Parikh and Amin Associates, Chartered Accountant, as Auditors of the Company to hold office till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.

5. Appointment of Mr Naimish N Choksi, as Whole-Time Director of the Company for a period of five years with effect from January 01, 2006, on remuneration, terms and conditions.

6. Revision in terms of remuneration payable to Mr Anil V Choksi, Managing Director of the Company, with effect from April 01, 2006.

7. Revision in terms of remuneration payable to Mr Naimish N Choksi, Samir K Choksi and Mr Suresh V Choksi, Whole-time Directors of the Company, with effect from April 01, 2006.

8. Mr Sunil A Choksi, to continue to hold office or place of profit in the Company as President - Marketing with effect from April 01, 2006, on remuneration, terms and conditions.

9. Mr Tushar K Choksi, to continue to hold office or place of profit in the Company as President - Administration with effect from April 01, 2006, on remuneration, terms and conditions.

10. Mr Gaurav S Choksi, to continue to hold office or place of profit in the Company as President - Finance with effect from April 01, 2006, on remuneration, terms and conditions.
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Titan Industries - Q2 results
Titan Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 18, 2006, to consider and approve the Unaudited Financial Results for the second quarter (Q2) and half year ending September 30, 2006.
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Gateway Distriparks enters into JV with Chakiat Group
Gateway Distriparks enters into JV with Chakiat Group Gateway Distriparks Ltd has informed that the Company plans to set up a Greenfield project at the Kochi port. The company has entered into a Joint Venture (JV) with Chakiat Group to set up a Container Freight Station (CFS) near Vallarpadam. Chakiat a well - established business group into shipping and related activities since 1952, has a stake in International Container Transhipment Terminal (ICTT) at Vallarpadam in Kochi Port.

The two companies have established a 60:40 joint-venture company, with Gateway Distriparks Ltd holding the larger share. The total cost of the project is estimated at Rs 25 crore. The CFS at Kochi, to be developed in phases, will have a capacity to handle 15,000 TEUs per annum and will be spread across an area of 17 acres. In the first phase of development, the company has already acquired 6 acres of land and another 5 acres of land will be acquired by October 03, 2006.
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ANS Agro Industries Announces AGM
ANS Agro Industries Ltd has informed that the members at the 12th Annual General Meeting (AGM) of the Company held on September 20, 2006, inter alia, have accorded to the following:

1. Adoption of the Profit and Loss Account for the financial year ended March 31, 2006 and the Balance Sheet as on that date.

2. Re-appointment of Sh Mahesh Sharma as Director of the Company.

3. Re-appointment of M/s Gaur V K & Company, Chartered Accountants, New Delhi as Auditors of the Company to hold office until the conclusion of the next AGM on remuneration, terms & conditions.

4. Appointment of Ramesh Chand Sharma, as Director of the Company, liable to retire by rotation.
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Peerless Abasan Announces AGM
Peerless Abasan Finance Ltd has informed that the members at the 16th Annual General Meeting (AGM) of the Company held on August 29, 2006, inter alia, have accorded to the following:

1. Adoption of the Profit and Loss Account for, the financial year ended March 31, 2006 and the Balance Sheet as at that date together with the Reports of the Auditors thereon and Directors.

2. Re-appointment of Mr N Saha & Mr S Bhattacharyya, as Directors of the Company.

3. Re-appointment of M/s De & Bose, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on remuneration, terms & conditions.

4. Re-appointment of Mr Rajiv Keshri as Manager of the Company for a period of 1 year with effect from March 01, 2006 on remuneration, terms & conditions.

5. Appointment of Mr Sujit Kanoria, as Director of the Company, liable to retire by rotation.
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Mipco Seamless Rings Announces AGM
Mipco Seamless Rings Gujarat Ltd has informed that the members at the 26th Annual General Meeting (AGM) of the Company held on August 17, 2006, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2006 and Profit and Loss Account for the year ended March 31, 2006 and the Director�s Report and Auditors Report thereon.

2. Re-appointment of Mr Jal R Patel as Director of the Company.

3. Re-appointment of M/s Parikh & Shah, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting up to the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.

4. Re-appointment of Mr S M Patel as Managing Director of the Company, for a period of 3 years with effect from August 01, 2006 on remuneration, terms & conditions.
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Jet Airways India - Announcement
Jet Airways India Ltd has informed that in respect of litigation between the Company and Sahara India Commercial Corporation Ltd & Others.

The matter came up for hearing last week and the Honourable High Court of Bombay on September 22, 2006, by its order, has allowed the Company to withdraw Rs 1500 Crores which has been in the Escrow Bank Account with ICICI Bank Ltd, upon furnishing the Bank Guarantee of an equal sum.
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Ginni Filaments Announces NOIDA unit begins production from Sept.25
Ginni Filaments Ltd has informed that the ''Garment Unit'' of the Company set up in NOIDA ( U.P.) has started the Production on September 25, 2006.
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ABC Bearings - Announces AGM
ABC Bearings Ltd has informed that the members at the 45th Annual General Meeting (AGM) of the Company held on August 10, 2006, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet as at March 31, 2006, the Profit and Loss Account for the year ended March 31, 2006, the Director''s Report and the Auditors� Report thereon.

2. Declaration of dividend @ 40% per equity share on Equity Shares of Rs 10/- each for distribution out of the Profit for the year ended March 31, 2006.

3. Re-appointment of Mr S M Patel and Mr Jal R Patel, as Directors of the Company.

4. Re-appointment of M/s Parikh & Shah, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company on remuneration, terms and condition.

5. Re-appointment of Mr P M Patel as a Managing Director of the Company for a period of five years with effect from August 01, 2006, on remuneration, terms and conditions.

6. Reimbursement of expenses incurred by Mr S M Patel, a Director and Financial Advisor of the Company.
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Visaka Industries shareholders to approve Scheme of Amalgamation
Visaka Industries Ltd has informed that the pursuant to the order of the High Court of Judicature at Hyderabad, Andhra Pradesh a meeting of the equity shareholders of the Company will be held on October 07, 2006, for the purpose of considering and if thought fit, approving, with or without modification(s), the Scheme of Amalgamation of Shakti Roofings Pvt Ltd with the Company.
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Amrit Banaspati Announces Board Meeting
Amrit Banaspati Company Ltd has informed that a meeting of the Board of Directors of the Company will be held on September 27, 2006, inter alia, will also consider the proposed Scheme of Arrangement between the Company and ABC Paper Ltd and Amrit Enterprises Ltd & their respective shareholders.
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Pressure Sensitive Announces AGM
Pressure Sensitive Systems India Ltd has informed that the 19th Annual General Meeting (AGM) of the members of the Company will be held on September 27, 2006, inter alia, to transact the following:

1. To receive, consider and adopt the audited accounts for the year ended March 31, 2006 along with notes and schedules thereon as on that date and the reports of Directors and Auditors thereon.

2. To appoint a Director in place of Mr Rajiv Datta, Director of the company, who retires by rotation and being eligible offers himself for re-appointment.

3. To appoint auditors of the Company to hold office from the conclusion of this Annual General Meeting, until the conclusion of the next Annual General Meeting and to fix their remuneration.
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SKS Ship Announces AGM
SKS Ship Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 22, 2006, inter alia, have passed all the resolutions unanimously.
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Century Plyboards - Announces Scheme of Amalagmation
Century Plyboards India Ltd has informed that the members of Shyam Century Ferrous Ltd at its meeting held on September 16, 2006, have unanimously approved the Scheme of Amalgamation whereby Shyam Century Ferrous Ltd is proposed to be merged with the Company.
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Accentia Technologies entered Strategic alliance with Asscent Infoserve
Accentia Technologies Ltd has informed that the Company has entered into a Strategic Alliance with Bangalore based Asscent Infoserve Pvt Ltd for using their infrastructure facilities of 7,000 SFT, meant for Business Process Outsourcing Services.

Asscent Infoserve will recruit the required manpower and execute the outsourced business from the Company in Health Care BPO Services.

The above strategic alliance is a step forward in strengthening the business model of the Company. The Company through its subsidiary Geosoft Technologies Ltd has a presence in BPO with the operations located at Trivandrum, Pennsylvania and London.

Under the Strategic Alliance with Asscent Infoserve, the Infrastructure Strengths of Asscent Infoserve will be hilly utilized by the Company and the Company will have access to outsource the 600-seater BPO facility.
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Camlin Announces AGM
Camlin Ltd has informed that the members at the 59th Annual General Meeting (AGM) of the Company held on August 25, 2006, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet as at March 31, 2006 and Profit and Loss Account of theCompany for the year ended on that date together with the Director�s Report and Auditors Report thereon.

2. Re-appointment of Mr Govind G Desai, Mr Premchand A Narvekar & Mr Shishir S Shirgaokar, as Directors of the Company.

3. Appointment of M/s B K Khare & Co., Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.

4. Appointment of Ms Aditi D Dandekar (daughter of Mr Dilip D Dandekar, Chairman & Managing Director) to hold & continue to hold an office of profit in the Company as Brand Manager (Colour Group) w.e.f . September 01, 2006, on remuneration, terms & conditions.
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Garnet International Ltd Announces AGM
Garnet International Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on September 22, 2006, inter alia, have accorded to the following:

1. Adoption of Audited Accounts for the year ended March 31, 2006 alongwith the Reports of the Directors and Auditors thereon.

2. Re-appointment of Mr Jitendra Mehta & Mr Dinesh Nandwana as Directors of the Company.3. Appointment of M/s. RS Agrawal & Associates., Chartered Accountants as Statutory auditors of the Company.
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Monsanto India - Resignation of Director
Monsanto India Ltd has informed that on September 22, 2006 the Board has accepted the resignation of Mr Felipe Osorio as the Managing Director.

The effective date of resignation will be mutually discussed and agreed