Archive for the ‘Corporate Announcements’ Category
Educomp Solutions Ltd
Educomp Solutions - Updates
With reference to the earlier annoucement dated July 07, 2009, regarding a duly authorized meeting of the Board of Directors of the Company (”Board”) had approved the Preliminary Placement Document in respect of the Issue, authorized the opening of the Issue and fixed the Bid Opening Date, Educomp Solutions Ltd has now informed BSE that the Duly authorized Committee of Board of Directors (the Committee) has in its meeting held on July 09, 2009 passed necessary resolutions approving issue of 16,20,000 equity shares of Rs 10 each at a price of Rs 3,745 per equity share (”Issue Price”) including a premium of Rs 3,735 per equity share, aggregating to an Issue size of Rs 606.69 crores.
Further the Company has also informed that, the Committee has passed necessary resolutions fixing the Bid Closing Date for the said Issue as being July 09, 2009 and approving the Placement Document in respect of the Issue.
Vivimed Labs Ltd
Vivimed Labs Board recommends Dividend
Vivimed Labs Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has recommended a dividend of Rs 1.5 per Equity Share (15%) amounting to Rs 141 lakhs plus tax on dividend of Rs 23.96 lakhs.
Ahluwalia Contracts India Ltd
Ahluwalia Contracts Board recommends Dividend
Ahluwalia Contracts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has recommended Dividend for the year 2008-09 @ 35% i.e. Re 0.70 Paisa per share (face value of Rs 2/- each Equity Shares) subject to approval or the shareholders at the ensuing Annual General Meeting.
Simplex Infrastructures Ltd
Simplex Infrastructures Board recommends Dividend.
Simplex Infrastructures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has recommended a dividend of Rs 2/- per shares (100%) on Equity shares of face value of Rs 2/- each for the financial year ended March 31, 2009 for the approval of the members of the company at the ensuing Annual General Meeting.
Brescon Corporate Advisors Ltd
Brescon Corporate Advisors Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has recommended the dividend of 25% (Rs 2.50 Per Equity Share of face value of Rs 10/- each) for the Financial Year 2008-09 subject to the approval of shareholders.
Rainbow Papers Ltd
Subject: |
Rainbow Papers Board recommends Dividend |
Rainbow Papers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has taken the following decisions:
1. Recommendation of the dividend @ 16% on Equity Shares subject to the approval of the members in 23rd Annual General Meeting of the shareholders of the Company.
2. Convening of Annual General Meeting on September 23, 2009.
3. Appointment of Shri. Gokuldas P Kothari as an additional director of the Company as Shri. Nilay Desai express his unwillingness to be appointed as a director.
4. Appointment of Shri. Gokuldas P Kothari as a Whole-time Director subject to the approval of the members in Annual General Meeting.
5. Acceptance of resignation of Shri. Ashwin Goswami as a Executive Director.
6. Authority to the Board of Directors to issue of Fresh Equity Capital upto Rs 250 Crores by way of Private Equity /QIP / Preferential allotment / FCCB / GDR at a suitable premium for financing Company expansion and diversification projects.
7. Authority to the Board of Directors for the disposal of the assets of the Company under Section 293(1)(a) of the Companies Act, 1956.
8. Authority to the Board of Directors to increase borrowing limits of the Company from
Rs 500 Crores to Rs 1000 Crores under Section 293(1)(d) of the Companies Act, 1956.
9. Authority to the Board of Directors for shifting of existing sub-clause 14 of the Clause No. III (C) pertaining to carrying on the business of all kinds and classes of paper, board and pulp including writing paper, printing paper, crepe paper etc. to the sub-clause 1A to the Clause No III (A).
10. Authority to the Board of Directors for appointment of Scrutinizer for conducting postal ballot for Point No. 8 and 10.
Prime Focus Ltd
Prime Focus Board to consider Dividend
Prime Focus Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2009, inter alia, to consider, the Audited Financial Results of the Company for the year ended March 31, 2009 and recommendation of final dividend, if any.
Cals Refineries Ltd
Cals Refineries - Progress of’ Project - MOU with BPCL
Cals Refineries Ltd has informed BSE that the Company has signed a Memorandum of Understanding (MOU) with Bharat Petroleum Corporation Ltd (BPCL) on June 17, 2009 for off-take of part of petroleum products by BPCL from CALS in its first phase which is a 100,000 BPSD crude oil refinery after accounting for the products committed to British Petroleum (BP) and the entire petro products from CALS in the second phase of expansion which is another 100,000 BPSD refinery at Haldia, West Bengal. The product off-take by BPCL will include outputs such as LPG, Propylene, Fuel Oil, Sulphur, Naphtha, Gasoil etc.
Nahar Industrial Enterprises Ltd
Nahar Industrial Board recommends Dividend
Nahar Industrial Enterprises Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 18, 2009, inter alia, has recommended Dividend of
Re 1/- per equity share of Rs 10/- each for the financial year 2008-09.
Shakti Met-Dor Ltd
Shakti Met-Dor Board recommends Dividend
Shakti Met-Dor Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 18, 2009, inter alia, has recommended a Dividend of Rs 2.00 per Equity Share for the Year 2008-2009 subject to approval of the Members.