Corporate News 26th Feb 2008
K Sera Sera - Resignation of Director
K Sera Sera Productions Ltd has informed that the Board has received resignation of Mr. Ashok Gangwani as the Director of the Company.
The Board will consider the same at the forthcoming Board Meeting.
Dish TV - Media Release
Dish TV India Ltd has announced the following Media Release :
"Dish TV India Ltd, on February 22, 2008, informed the Stock Exchanges that the process of issue and allotment of equity shares and warrants to Indivision India Partners (IIP) on a preferential basis stands withdrawn and cancelled.
The Board of Dish TV had earlier approved a preferential allotment of equity shares and warrants to IIP. IIP was to subscribe to 12,500,000 equity shares of Re 1/- each at a price of Rs 100 per equity share and 9,615,385 warrants, convertible into 9,615,385 equity shares at a price of Rs 130 per equity share, within a period of 18 months from the date of issue of warrants. The Company had obtained all requisite approvals for the said issue.
"Due to recent volatility in the Indian markets, IIP wanted to drop taking the warrants and the Board of Dish TV felt that since the promoters are fully backing as well as the growth of customer acquisition is robust, we should not accept the change in deal structure, hence the Company declined the change" said Mr. Jawahar Goel, Managing Director of the Company. The Company has a complete plan for required funding.
Mr. Subhash Chandra, Chairman said "We reiterate our commitment toward dishtv business and are confident of its growth prospects ahead. The promoters have in the past infused finds into the business as and when required, and would continue to support in the near future.
Dish TV Ltd is continuously expanding its subscriber base at a rapid pace in order to grow and sustain the leadership position in the pay DTH market. During the period from April 2007 January 2008, Company has added more than 856,000 subscribers. During January 2008, despite the advent of a new DTH player Sun Direct in the four southern states, dishtv has added 101,047 new subscribers and continued to show robust growth in the southern market due to a combination of superior regional languages offering and focused marketing initiatives. This lead to number of subscribers going up from 2.7 million as on December 31, 2007 to 2.8 million as on January 31, 2008."
Godawari Power Board to consider interim dividend
Godawari Power & Ispat Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 04, 2008, inter alia, to consider the proposal for declaration of Interim Dividend.
Omaxe - Updates
Omaxe Ltd has informed that the Company has emerged as the highest bidder and won the bid from Naya Raipur Development Authority, Chhattisgarh for Development of theme township with 18 Hole Golf Course on over 400 acres (Approx.) at Naya Raipur, Capital City of Chhattisgarh with a project value of Rs 1200 Crores (Approx.), which shall include the development of Residential and Commercial Bldgs, Golf Villas and a Hotel.
Listing of equity shares of IRB Infrastructure Developers Ltd
Trading Members of the Exchange are hereby informed that effective from February 25, 2008, the equity shares of IRB Infrastructure Developers Ltd (Scrip Code: 532947) are listed and admitted to dealings on the Exchange in the list of 'B1' Group Securities. For further details please refer to the notice no 20080220-26 dated February 20, 2008 & notice no 20080222-1 dated February 22, 2008.
Bosch Chassis fixes Book Closure for Dividend & AGM
Bosch Chassis Systems India Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from April 18, 2008 to April 29, 2008 (both days inclusive) for the purpose of payment of dividend & 26th Annual General Meeting (AGM) of the Company to be held on April 29, 2008.
Pfizer recommends dividend
The board of Pfizer has recommended at the rate of Rs 27.50 per share (275%) for the financial year ended 30 November 2007, being normal dividend at the rate of Rs 12.50 per share (125%) and additional dividend at the rate of Rs 15 per share (150%), in view of sale of four consumer healthcare brands to Johnson & Johnson.
This was recommended at the board meeting held on 25 February 2008.
Videocon Industries recommends dividend
The board of Videocon Industries has recommended dividend at the rate of Rs 3.50 per share (35%) for the financial year ended 30 September 2007.
This was recommended at the board meeting held on 25 February 2008.
Jubilant Organosys receives new contracts worth US$ 92 million
Jubilant Organosys has announced new contracts worth US$ 92 million for its proprietary products and exclusive synthesis segment under CRAMS business for the present calendar year.
Given Jubilant's geographical focus on the regulated markets, a large percentage of these contracts are realisable from the U.S., Europe and Japan. Outside the geographical region of the regulated markets, China is a major market for Jubilant. Jubilant's order book for the calendar year stands further augmented with the addition of these contracts the increase in size, over a similar announcement made last year, stands at over 50%. In addition to these annual contracts, the company as part of its normal business also executes half yearly, quarterly and monthly contracts and spot sales. The new contracts have been signed with prominent international pharma and other life science companies, some of whom have been doing business with Jubilant for the past many years.
Given its experience in servicing global customers and the domain knowledge that it has built in key product areas, Jubilant has rapidly established itself as a world-class product and service provider in the CRAMS space. The company has a healthy pipeline of products which are in phase III, stage of development at the customers end; and to support this it has made timely investments to expand key capacities. These contracts represent a huge opportunity for volume growth going forward for the exclusive synthesis and contract manufacturing segments under CRAMS.
The company made this announcement during the trading hours today, 25 February 2008.
Bajaj Hindusthan Sugar & Industries' new 12,000 TCD sugar plant commences its operations
Bajaj Hindusthan Sugar & Industries has announced that the company's new 12,000 TCD sugar plant at Uttraula in District Balrampur, located in Eastern Uttar Pradesh has commenced operations.
With this new plant, the aggregate operating capacity of the company, during the current sugar season has increased to 40,000 TCD from the earlier capacity of 28,000 TCD.
The company made this announcement during the trading hours today, 25 February 2008.
Jubilant Organosys allots equity shares
The committee of Jubilant Organosys has made allotment of 301,631 equity shares of Re 1 each at a premium of Rs 272.0648 per share has been made to Copthall Mauritius Investments on conversion of a part of the FCCBs amounting to US$ 1.9 million.
This was decided at the committee meeting held on 25 February 2008.
Vishal Retail opens two new showrooms
Vishal Retail has opened two new showrooms at Killa No 12, Dabwali road, near Green Belt, Sirsa, Haryana spread over an area of 8100 square feet on 24 February 2008.
Colorscape Shopping Complex, D D Upadhyay Marg, Near Cheknaka, Mulund(W), Mumbai, Maharashtra spread over an area of 33,112 Sq. Ft on 23 February 2008.
The total number of stores opened by the company has reached to the tally of 89 stores spreading across an area of 19,72,300 Sq. Ft.
The company made this announcement during the trading hours today, 25 February 2008.
Adlabs Films allots equity shares
The committee of Adlabs Films has allotted 74,886 equity shares of face value Rs 5 each for cash at a price of Rs 543.42 (including a premium of Rs 538.42) per share pursuant to the conversion notices received in respect of conversion of ZCFBBCs aggregating 7,50,000 Euros (Rs 4,06,95,000) in value.
Pursuant to the allotment the total paid up share capital of the company shall be Rs 23,03,81,230 divided into 4,60,76,246 equity shares of Rs 5 each fully paid up.
These shares were allotted at the committee meeting held on 25 February 2008.
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