Mar 4, 2008

Corporate News 3rd March 2008

Arvind Mills - Voluntary Delisting of Equity Shares CSE

Arvind Mills Ltd has informed that the Equity shares of the Company has been voluntarily delisted from The Culcutta Stock Exchange Association Ltd (CSE) w.e.f. August 10, 2007 under SEBI (Delisting of Securities) Guidelines 2003. A copy of the letter dated February 22, 2008 received from The Culcutta Stock Exchange Association Ltd.

         

Ispat Profiles India - Limited Review for the quarter ended Dec 31, 2007

Ispat Profiles India Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

"Subject to matters stated in -

Para No. 2, 4(a), (b), 8, 9 & 10 of notes to Quarterly & half yearly result.

Impact of Para 2, 8, 9 & 10 referred above on the quarterly & half yearly result are not ascertainable. However had the effect of matters stated in para 4(a) & (b) been given, the loss would have been as shown in para 4(c) of Notes to quarterly & half yearly result."

 

GE Shipping - "Jag Anjali" delivered to the buyers

Great Eastern Shipping Company Ltd (GE Shipping) has informed that the Company has delivered its non-double hull Panamax crude tanker "Jag Anjali" to the buyers. The 1986 built 66,203 dwt ship was contracted to be sold in January 2008.

With the delivery of this vessel, the Company's current fleet stands at 46 vessels, comprising 33 tankers (12 crude carriers, 19 product carriers, 2 LPG carriers) and 13 drybulk carriers (1 Capesize, 2 Panamax, 1 Supramax, 6 Handymax, 3 Handysize) with an average age of 10.4 years aggregating 3.07 mn dwt.

         

ABG Shipyard - Limited Review for the quarter ended Dec 31, 2007

ABG Shipyard Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

"Attention is invited to note no 5 of the 'Statement of unaudited financial results' accompanying this report, whereby adjustments as per Accounting Standard 15 (AS 15) have not been done and will be done at year end".

 

Batliboi - Updates on Scheme of Amalgamation

Batliboi Ltd has informed that pursuant to an Order made on the February 14, 2008, the High Court of Judicature of Karnataka High Court at Bangalore by the Transferee Company 'Batliboi SPM Pvt Ltd' the Hon'ble High Court has directed that separate meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Batliboi SPM Pvt Ltd ("the Applicant Company") be convened and held on March 18, 2008, for the purpose of considering and, if thought fit, approving, with or without modifications, the arrangement embodied in the Scheme of Amalgamation of Batliboi SPM Pvt. Ltd. ("the Transferor Company") with Batliboi Ltd ("The Applicant Company").

         

Kopran fixes Book Closure for AGM

Kopran Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from March 24, 2008 to March 26, 2008 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company.

           

IDFC - Change in Directorate

Infrastructure Development Finance Company Ltd (IDFC) has informed that the Government of India, Ministry of Finance, Department of Financial Services, nominated Mr. Arun Ramanathan, Secretary (Financial Services), as its nominee Director on the Board of the Company in place of Mr. Vinod Rai.

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