Corporate news

Ester Industries members approve appointment of Directors
Ester Industries Ltd has informed that the members at the 20th Annual General Meeting (AGM) of the Company held on September 15, 2006, inter alia, have accorded to the following:

1. Adopted Balance Sheet as on March 31, 2006 and the Profit & Loss Account for the period-ended on that date together with the reports of Directors and Auditors thereon.

2. Appointment of Mr. Ashok Kumar Newatia & Mr M R as Hosangady as Directors liable to retire by rotation.

3. Appointment of M/s. S R Batliboi & Associates, Chartered Accountants from the conclusion of AGM to the conclusion of next AGM with the authority to the Board of Directors to fix their remuneration.
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Axon Infotech Board sanctions merger with Kushal Software
Axon Infotech Ltd has informed that the Board of Directors of the Company at its meeting held on September 18, 2006 has approved the Amalgamation of Kushal Software Ltd with the Company subject to necessary approvals / permissions. The Board has also approved the CA recommendation of swap ratio that is: 140 equity shares of the Company of Rs 10 each fully paid for every 100 equity shares of Kushal Software Ltd of Rs 1O each fully paid.
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Silverline Technologies Board Meeting updates
Silverline Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on September 19, 2006 has reviewed the completion of the restructuring process which has been successfully completed and the Board thanked M/s. firstcall Equity India Pvt Ltd., India for having stood with the Company during the testing times and for having structured the One Time Settlement for and on behalf of the Company with the institutions. And took the same on record.

Due to paucity of time The Board of Directors decided that they would again meet on September 21, 2006 to review future growth opportunities, strategies
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Ashok Alco to hold AGM on Sep 28
Ashok Alco Chem Ltd has informed that an Annual General Meeting (AGM) of the members of the Company for the year ended March 31, 2006 will be held on September 28, 2006.
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Bambino Agro Board Meeting updates
Bambino Agro Industries Ltd has informed that the Board of Directors of the Company at its meeting held on September 14, 2006, has been obtained for the scheme of arrangement with the shareholders and term lending financial institutions. The said approval is subject to the approval of the concerned authorities and Stock Exchanges.
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Themis Medicare members approve declaration of dividend
Themis Medicare Ltd has informed that the members at the 36th Annual General Meeting (AGM0 of the Company held on September 09, 2006, inter alia, have accorded to the following:

1. Consideration of Accounts.

2. Appointment of three directors retiring by rotation.

3. Appointment of statutory and branch auditors.

4. Declaration of dividend

5. Appointment of M/s. Intime Spectrum Registry Ltd as Registrar & Share Transfer Agent u/s 163 of the Companies Act, 1956.

6. Authority to the Board to issue, allot and offer equity shares and securities u/s 81 (1A) of the Companies Act, 1956.

Further the Company has informed that, in respect of Special resolution u/s 81 (1A), the Company had sent Ballot papers u/s 192A to the members of the company as per provisions of the Companies Act, 1956. The Ballot papers were received by the Scrutinizer and were appropriately considered.
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Monsanto India members sanction re-appointment of H C Asher as Director
Monsanto India Ltd has informed that the members at the 56th Annual General Meeting (AGM) of the Company held on September 18, 2006, inter alia, have accorded to the following:

1. Approved the Balance Sheet and the Profit & Loss Account for the year ended on March 31, 2006.

2. Declaration of a dividend at the rate of Rs 10/- per equity share.

3. Re-appointment of Mr. H C Asher as Director of the Company.

4. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants as the Auditors of the Company for the year ended 2006-07.

5. Appointment of Mr. Mark J Deadwyler & Mr. Pradeep Poddar as the Additional Directors of the Company on terms & conditions.
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Vintron Informatics members sanction re-appointment of Auditors
Vintron Informatics Ltd has informed that the members at the 15th Annual General Meeting (AGM) of the Company held on September 18, 2006, inter alia, have passed the following resolutions:

1. Approval & adoption of Audited Accounts, Directors Report and the Auditors Report thereon for the year 2005-2006.

2. Re-appointment of Shri. Manish Agrawal as a Director of the Company.

3. Re-appointment of M/s. O P Bagla & Company, Chartered Accountants, as Auditors of the Company.
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Creative Eye members approve re-appointment of Directors
Creative Eye Ltd has informed that the members at the 20th Annual General Meeting (AGM) of the Company held on September 14, 2006, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet of the Company as at March 31, 2006, the Profit and Loss Account and the Cash Flow statement along with the Notes and the Schedules thereto and the Reports of the Directors and Auditors of the Company.

2. Re-appointment of Mr. Shiv S Sharma and Mr. M R Sivaraman as Directors of the Company.

3. Re-appointment of M/s. Uttam Abuwala & Co., Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company.

4. Appointment of Shri. T K Choudhary as a Director of the Company, liable to retire by rotation.
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Cadila Healthcare - German Remedies unveils Novolizer
Cadila Healthcare Ltd has informed that German Remedies, a part of the Zydus Cadila Group has launched Novolizer a device for Asthma and COPD. The technology for the device is provided by Meda Pharma of Sweden alongwith exclusive rights to manufacture and market Novolizer in India, Novolizer is a third-generation refillable, breath activated multiple dose dry powder inhaler device and can be used by patients suffering from Asthma and COPD.

Asthma is a chronic, debilitating respiratory condition with sudden, unpredictable and potentially life-threatening effects. It is estimated that there are more than 20 million asthmatics in India. The treatment of Asthma requires constant vigilance and the active involvement of patients to monitor, anticipate and promptly respond to the onset of asthmatic attacks. Chronic Obstructive Pulmonary Disease (COPD) is a lung disease that is progressive and not fully reversible. COPD obstructs the airways and makes breathing difficult. Patients with COPD suffer from frequent cough, mucus production and shortness of breath which makes even walking a short distance, a difficult task.

In treating Asthma and COPD, patient compliance and availing the right dose at the right time can be crucial. Several clinical studies have revealed limitations in the development of inhalation devices, which prevent almost half of all asthma patients from inhaling correctly. This leads to poor asthma control despite effective substances being available to treat Asthma.

An ideal inhaler effectively delivers the drug that a patient requires through the airways which are usually narrowed in an asthmatic condition. It also helps in the exact dose being deposited in the lungs irrespective of the inhalation technique.
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Dharamsi Morarji members sanction re-appointment of V K Punshi as MD
Dharamsi Morarji Chemical Company Ltd has informed that the members at the 86th Annual General Meeting (AGM) of the Company held on September 14, 2006, inter alia, have accorded to the following:

1. Adoption of Accounts for the year ended March 31, 2006.

2. Re-appointment of Shri. H T Kapadia, Shri. D N Vaze and Shri. D P Goculdas as Directors of the Company.

3. Appointment of M/s. K S Aiyer & Co., as Auditors of the Company.

4. Re-Appointment of Shri. V K Punshi as Managing Director (MD) of the Company.

5. Appointment of Shri. D P Goculdas & Shri. B L Goculdas as Deputy Managing Directors of the Company.

6. Re-appointment of Shri. D N Vaze as Whole-Time Director (Designated as Executive Director - Finance) of the Company.

7. Appointment of Intime Spectrum Registry Ltd, Mumbai as Registrars & Share Transfer Agents of the Company, for the period from September 01, 2006 to August 31, 2009.
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Puneet Resins members approve appointment of Director
Puneet Resins Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 18, 2006, inter alia, have accorded to the following:

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

2. Re-appointment of Shri M K Kapoor & Shri Arvind M Kapoor as Directors of the Company.

3. Appointment of M/s B D Jokhakar & Company, as Auditors of the Company to hold office till the conclusion of next Annual General Meeting.

4. Re-Appointment of Shri S K Bhatia as Whole-Time Director of the Company, with effect from June 01, 2006, for a period of one year on terms & conditions.

5. Appointment of Mr D P Shah as Director of the Company.

6. Ratification of re-issue of forfeited shares.
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Rap Media to hold Board Meeting on Sep 28
Rap Media Ltd has informed that a meeting of the Board of Directors of the Company will be held on September 28, 2006 to consider further issue of Capital on Rights Basis.
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Flat Products members sanction declaration of Dividend
Flat Products Equipments India Ltd has informed that the members at the 20th Annual General Meeting (AGM) of the Company held on September 15 , 2006, inter alia, have accorded to the following:

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

2. Declaration of a Dividend of Rs 1.00 per share (10%) on equity shares.

3. Re-appointment of Mr. Durgadas Sengupta and Mr. Ravindra Nath Tandon as Directors of the Company.

4. Re-appointment of Mr. Yogesh B Mehta, Chartered Accountant as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.

5. Appointment of Mr. Ravindra B Shetye as Executive Director and Chief Executive Officer for the period of five years commencing from January 16, on remuneration, terms and conditions.

6. Appointment of Shri. Tilak Raj Mehta as Chairman & Managing Director for the period of five years commencing from April 01, 2006 to March 31, 2011 on remuneration, terms and conditions.

7. Appointment of Smt. Nishi T Mehta as Wholetime Director for the period of five years commencing from April 01, 2006 to March 31, 2011 on remuneration, terms and conditions.

8. Appointment of Smt. Rithu Niraj Kochhar, as an employee of the Company w.e.f. April 01, 2006 on remunerations, terms and conditions.

9. Appointment of Smt. Reema Nikhil Katariya, as an employee of the Company w.e.f. April 01, 2006, on remunerations, terms and conditions.
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Galaxy Entertainment members approve appointment of Statutory Auditors
Galaxy Entertainment Corporation Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on September 19, 2006, inter alia, have accorded to the following:

1. Adoption of Audited Accounts for the year ended March 31, 2006 along with the Reports of the Directors & Auditors thereon.

2. Re-appointment of Mr. Bharat Ruia & Mr. Rajneesh Agarwal as Directors of the Company.

3. Appointment of M/s. RSM & Co., Chartered Accountants as Statutory Auditors of the Company.

4. Appointment of Ms. Udita Jhunjhunwala, Mr. Shishir Baijal & Mr. Anil Harish as Directors of the Company.

5. Increase in remuneration payable to Mr. Sanjay Seksaria, Whole-Time Director for the reminder period of his term i.e. from August 01, 2006 to July 31, 2008 on terms & conditions.
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Shiv Vani Oil members sanction Special Resolutions
Shiv Vani Oil & Gas Exploration Services Ltd has informed that the members of the Company by way of Postal Ballot have passed the following Special Resolutions with requisite majority:

1. Alteration of sub-clause (5) and insertion of sub-clause (14) in the Main Objects of the Company under Section 17 of the Companies Act, 1956.

2. Increase in limits under Section 372A of the Companies Act, 1956 to Rs 700 Crores.
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Avantel Softech members approve amendment of Object Clause of MoA
Avantel Softech Ltd has informed that the members of the Company, by way of Postal Ballot, have passed the Special Resolution in respect of amendment of Object Clause of the Memorandum of Association (MoA) of the Company with specific majority, in the just concluded 16th Annual General Meeting of the Company held on September 20, 2006.
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Nandan Exim members sanction increase in Authorised Capital
Nandan Exim Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 18, 2006, have approved the increase in Authorised Share Capital from Rs 15/- crores to Rs 25/- crores.
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Blue Chip India members approve re-appointment of Director
Blue Chip India Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 05, 2006, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet of the Company as on March 31, 2006, the Profit & Loss account of the Company for the financial year ended March 31, 2006, together with the Schedules and notes, as attached thereto, the Directors Report annexed thereto and the Auditors Report.

2. Re-appointment of Shri. Santosh Kumar Jain as Director of the Company, liable to retire by rotation.

3. Re-appointment of M/s. Agarwal S Kumar & Associates, Chartered Accountant, Kolkata as Auditors of the Company, who shall hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & condition.

4. Appointment of Shri. Amiya Kumar Basu & Shri. Subhabrata Talukdar as Directors of the Company, liable to retire by rotation.

5. Appointment of Shri. Niraj Prakash Khetan as the Managing Director, not liable to retire by rotation, for a period of five years with effect from January 01, 2006.
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Usha International members approve declaration of 50% dividend
Usha International Ltd has informed that the members at the 53rd Annual General Meeting (AGM) of the Company held on August 21, 2006, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet of the Company as at March 31, 2006 and the Profit and Loss Account for the year ended on that date, audited by M/s. Thakur Vaidyanath Aiyar & Co., Chartered Accountants, together with the Reports of Directors and Auditors thereon.

2. Declaration of dividend @ 50% of the Equity Share Capital of the Company for the financial year ended on March 31, 2006.

3. Re-appointment of Mr. Siddharth Shriram, as a Director of the Company.

4. Re-appointment of M/s. Thakur, Vaidyanath Aiyar & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.

5. Payment of Commission to Mr. Sunil Wadhwa, Managing Director on the Net Profit of the Company for the F.Y 2005-06 and also for the period from April 01, 2006 to January 26, 2007, subject to necessary provisions & approvals.
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Matrix Laboratories allots equity shares under ESOP
Matrix Laboratories Ltd has informed that the share allotment committee at its meeting held on September 19, 2006, has allotted 1,60,635 Equity Shares of Rs 2/- each under ESOP-2004 Scheme. Consequent to the above allotment, the paid-up capital of the Company has increased to Rs 30,79,32,420/-.
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TVS Motor members accord re-appointment of Directors
TVS Motor Company Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on August 21, 2006, inter alia, have accorded to the following:

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

2. The first Interim dividend of Re 0.70 per share on equity shares of Re 1/- each fully paid and the second interim dividend of Re 0.60 per share on equity shares of Re 1/- each fully paid, be approved as final dividend for the year ended March 31, 2006.

3. Re-appointment of Mr K S Bajpai, Mr N Ganga Ram & Mr C R Dutta as Directors of the Company.

4. Re-appointment of Messers Sundaram & Srinivasan, Chartered Accountants, Chennai, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting, on remuneration, terms & condition.

5. Amendments in Articles of Association of the Company by renumbering the existing clause 145 as 145(a) & inserting new clause as 145(b).

6. Appointment of Ms Lakshmi Venu, a relative of Chairman and Managing Director of the Company for holding and continuing to hold an office of profit as a manager (not a manager for the purpose of companies Act, 1956) in Sundaram Auto components Ltd (SACL), a wholly owned subsidiary of the company with effect from September 14, 2005 on remuneration, terms & condition.
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Pearl Global Director quits
Pearl Global Ltd has received letter from Mr. N K Aneja, dated September 09, 2006, wherein he has resigned from the directorship of the Company with immediate effect.
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Vinyoflex members approve re-appointment of Auditors
Vinyoflex Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on September 20, 2006, inter alia, have accorded to the following:

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

2. Re-appointment of Shri. Bhupatlal L Tilva & Shri. Mansukhbhai B Makadia, as Directors of the Company.

3. Re-appointment of M/s. Gadhia Karachiwala, Chartered Accountant, as the Auditors of the Company, until the conclusion of the next Annual General Meeting of the Company.

4. Voluntary delisting of its Equity Shares from The Stock Exchange, Ahmedabad and The Saurashtra-Kutch Stock Exchange Ltd, Rajkot, subject to necessary provisions & approvals.
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JL Morison members sanction declaration of 25% dividend
JL Morison India Ltd has informed that the members at the 71st Annual General Meeting (AGM) of the Company held on September 19, 2006, inter alia, have passed the following business:

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

2. Declaration of dividend @ 25% for the year 2005 — 2006.

3. Re-appointment of Mr. H K Kejriwal, Mr. Lawson Lyon and Lt. Gen. (Retd.) K S Brar as Directors of the Company.

4. Re-appointment of M/s. Haribhakti & Co., Chartered Accountants, as Statutory Auditors of the Company, who shall hold office from the conclusion of this Annual General Meeting to the conclusion of next Annual General Meeting of the Company.

5. Appointment of Mr. Varunn Mody as director of the Company, liable to retire by rotation.

6. Ratification of the revised remuneration of Mr. Bipin Vengsarkar, Executive Director of the Company w.e.f. April 01, 2006.