Archive for the 'Corporate Announcements' Category


Stock Market : Exim Bank of India

Exim Bank of India has connected a deal with International Finance Corporation (IFC), Washington, a connect of the earth store group, beneath the Global Trade Finance Programme (GTFP) of IFC. This agreement will enable Exim Bank to confirm letters of credit, guarantee and additional trade instrument issue by accepted bank in additional than forty country of Central Asia, middle and Eastern Europe, Latin America and the Caribbean, West Asia and North Africa as also additional region of Asia and Africa. The Exim Bank Chief General Manager, Mr Prabhakar, and the IFC connect Director, Ms Mamta H. Shah, signed the accord on December 14. The $ 1-billion Global Trade Finance Programme of IFC that set in rest to give trade facilitation to under-served customers and markets. Under the programme, IFC issue fractional or full guarantee connected to trade dealings on a per-transaction basis, cover the sum danger of local banks in service in IFC member countries. Exim Bank of India now partners IFC as ”Confirming Bank” under its GTFP.

Posted on 28th December 2007
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Stock News : Gajra Bevel Gears Ltd

Gajra Bevel Gears Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from December 24, 2007 to December 28, 2007.

Posted on 10th December 2007
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Stock Market : Punjab Tractors Ltd

Punjab Tractors Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a profit after tax of Rs 98.00 million for the quarter ended September 30, 2007 as compared to Rs 183.00 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 2273.00 million for the quarter ended September 30, 2006 to Rs 2069.00 million for the quarter ended September 30, 2007.

Posted on 6th December 2007
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Stock Market : SBI Capital Markets Ltd

SBI Capital Markets Ltd (”Manager to the Offer”), on behalf of Greif International Holding B.V. (”Acquirer”) has issued this Public Announcement (”PA”), to the equity shareholders of Balmer Lawrie-Van Leer Ltd (”Target Company”), in respect of the delisting of the fully paid equity shares of the Target Company pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (”Delisting Guidelines”).

The Acquirer seek to acquire 31,12,053 shares representing 19.76% of the paid up equity share capital of the Company from the public shareholders and propose to apply for delisting of equity shares from the Bombay Stock Exchange Ltd (”BSE”) where the equity shares of the Company are listed, pursuant to the Delisting Guidelines (the “Delisting Offer”).

A special resolution has been passed by the Shareholders of the Target Company at the Annual General Meeting of the Company held on September 28, 2007, approving the delisting of the Company?s equity shares pursuant to the Delisting Guidelines.

According to Clause 8.2 of the Delisting Guidelines, the Floor price will be the average of the 26 weeks high & Low of the closing price preceding the date of PA, which is Rs 46/- per Share.

The Acquirer shall announce the Discovered Price, the Exit Price and its decision to reject or to accept the discovered price and / or the Exit Price as applicable, in accordance with the timetable set out in this PA.

Schedule of Activities:

Public Announcement - December 03, 2007

Bid Opening Date (10.00 am) - December 14, 2007

Bid Closing Date (3.00 pm) - December 20, 2007

Announcement of Discovered Price / Exit Price and the Acquirer’s Acceptance/Non Acceptance of Discovered Price / Exit Price - December 26, 2007

Final Settlement Date (Shares in Dematerialised form)# - December 27, 2007

Period for Shareholders holding Physical Share Certificates to tender their Shares - December 28, 2007 to January 11, 2008

Final Settlement Date (for Shares in Physical Form) - January 25, 2008

Subject to the acceptance of the Discovered Price or Offer of an Exit Price, higher than the Discovered Price by the Acquirer.

Posted on 3rd December 2007
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Stock Market : Hindustan Petroleum Corporation Ltd

Stock Market : Hindustan Petroleum Corporation Ltd

Hindustan Petroleum Corporation Ltd (HPCL) has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net Stock profit of Rs 8530.30 million for the quarter ended September 30, 2007 as compared to Rs 12219.80 million for the quarter ended September 30, 2006. Total Income has increased from Rs 245060.00 million for the quarter ended September 30, 2006 to Rs 245152.00 million for the quarter ended September 30, 2007.

They are reported in batter excellent result in last quarter ended.So I am Say Stock And Stock Market price will be increased.The current Stock Market price is Rs.293 for three month target of Rs.300.

Posted on 27th November 2007
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Corporate Announcements -Dhanalakshmi Bank Ltd

Dhanalakshmi Bank Ltd has informed BSE that the members at the 80th Annual General Meeting (AGM) of the Bank held on September 26, 2007, inter alia, have accorded the following:

1. Adoption of the Balance Sheet of the Bank as on March 31, 2007 and the Profit & Loss Account for the year ended March 31, 2007 annexed thereto and the Report of the Auditors dated May 14, 2007 with the Directors Report dated June 22, 2007 attached thereto and the appropriation of profits stated therein.

2. Appointment of Mr. Nandini Rangaswamy as a Director of the Company, liable to retire by rotation.

3. Mr. Gyanendra Nath Bajpai appointed as Director in the vacancy caused by the retirement of Mr. V K Sharma and whose period of office shall be liable to determination by retire by rotation.

4. Appointment of M/s. P B Vijayaraghavan & Co., Chartered Accountants, Chennai, as the Statutory Auditors of the Bank up to the conclusion of the next Annual General Meeting of the Bank, on remuneration, terms & conditions.

5. Authority to the Board to appoint, in consultation with the Bank’s Auditors, any qualified person(s) to act as Auditors of any Branch of the Bank, whether existing or which may be opened thereafter, on remuneration, terms & conditions.

Posted on 5th November 2007
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Corporate Announcements -Raymond Ltd

Raymond Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 06, 2007, to consider issue and allotment of warrants on Preference basis to the Promoters of the Company.

Posted on 5th November 2007
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Corporate Announcements -Hindustan Oil Exploration Company Ltd

Hindustan Oil Exploration Company Ltd (HOEC) has informed BSE that the Rights Issue and Allotment Committee of the Board shall be considering the proposal for fixation of the Rights Issue entitlement and the price thereof.

Further the Company has informed that, the said proposal is proposed to be decided by circulation.

Posted on 5th November 2007
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Corporate Announcements -Suzlon Energy Ltd

Suzlon Energy Ltd has informed BSE that the ESOP - 2005 Committee of the Board of Directors of the Company at its meeting held on November 05, 2007 has allotted 900 equity shares of Rs 10/- each to the option grantees, pursuant to exercise of the options granted to the eligible employees of the Company and its Subsidiary Companies under the Employees Stock Option Plan - 2005.

Posted on 5th November 2007
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