Archive | Finance

MIC Electronics Directors resigns

MIC Electronics Ltd has informed BSE that Shri. Harsh C. Mariwala and Shri. U. Ramakrishna Directors of the Company resigned from the Board due to their pre occupations and the Board approved the same and placed on record the valued services rendered by them during their tenure.

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Geometric Ltd has granted 6,00,000 options to the employees of the Company and its subsidiaries

Geometric Ltd has informed BSE that the Compensation Committee of the Company at its meeting held on October 26, 2009 has granted 6,00,000 options to the employees of the Company and its subsidiaries. Each Vested Option shall be convertible into one equity share of the Company of the face value of Rs. 2/- each at the exercise Price. The vested Options shall be exercisable within such period not exceeding five years from the date of grant

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Sensex closed at 16810

BSE Sensex closed at 16810 on friday 23 october 2009. MIDCAP at 6510, SMLCAP at 7647.

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TAKE Solutions get ready for expansion with allocation of land in ELCOT – SEZ Trichy, Tamil Nadu

Take Solutions Ltd has informed BSE regarding a Press Release dated October 22, 2009 titled “TAKE Solutions get ready for expansion with allocation of land in ELCOT – SEZ Trichy, Tamil Nadu”

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Perfectpac – Outcome of Board Meeting

Perfectpac Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 22, 2009, considered the final report submitted by the Registrars / Bankers to the issue with respect to the collections / participation in the Rights Issue of the Company. The final figures depicted completion of 75.32% of the total issue wherein the Promoter / promoter group has participated fully to the extent of their entitlements and the balance amount was provided by the non-promoter shareholders subscribing to their entitlements and also with some applications for additional equity shares. The total deficiency in the issue is for Rs. 41.08 Lakhs only.

In terms of Section III: INIRODUCTION (General Information, minimum subscription clause) on page no. 6 of the Letter of Offer dated September 14, 2009 for the Rights issue of the Company, the promoter group entities have come forward to subscribe to further equity shares of the Company to the extent of completing the 100% collection in the Rights Issue.

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Autolite India – Cancellation of Warrants

Autolite India Ltd has informed BSE that out of 24.50 Lacs warrants issued at Rs. 47.50 per warrant by the Company on April 21, 2008, 20.50 Lacs warrants are hereby cancelled due non-payment of balance amount required for conversion of warrants into equity shares. The amount tendered for the issue of 20.50 Lacs warrants is hereby forfeited. The balance 4 Lacs warrants were already converted into equity shares on March 31, 2009.

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Agro Tech Foods – Change in Directorate

Agro Tech Foods Ltd has informed BSE that Mr. Arun Bewoor has been appointed by the Board as the Director in the casual vacancy caused by the death of Mr. Satish Lal Tandon at its Meeting held on October 21, 2009.

Mr. Arun Bewoor has been inducted as a Non-Executive Independent Director and will also be member of the Audit, Investor Grievance and Remuneration & Nominations Committee

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Deccan Chronicle Board to consider Interim Dividend

Deccan Chronicle Holdings Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2009, inter alia, to consider the following :

1. To approve the Unaudited Financial Results for the Second Quarter ended September 30, 2009;

2. To declare interim dividend for the year ending March 31, 2010.

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Glenmark Pharmaceuticals – Conversion of Stock Options

Glenmark Pharmaceuticals Ltd has informed BSE that at the meeting of the Operation Committee of Directors held on October 08, 2009, the Board has approved the conversion of 29200 stock options issued to its employees into 29200 Equity Shares pursuant to the ESOP 2003.

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Vatsa Music fixes Book Closure for AGM

Vatsa Music Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from November 12, 2009 to November 17, 2009 for the purpose of Annual General Meeting (AGM) of the Company to be held on November 17, 2009.

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