Abhishek Mills to change its name
The board meeting of Abhishek Mills will be held on 02 April 2008 to consider change in name of the company from Abhishek Mills to Abhishek Corporation and to call extra ordinary general meeting of the company to approve the new name.
City Union Bank to raise funds
The board of City Union Bank had decided to raise further equity capital through QIP / preferential allotment and to introduce ESOS.
This was decided at the board meeting held on 22 February 2008.
HDFC Bank to issue convertible warrants
HDFC Bank has received the approval from the Reserve Bank of India vide its letter dated 24 March 2008 for the proposed issue of 2,62,00,220 convertible warrants to the promoters on preferential basis.
The company made this announcement during the trading hours today, 25 March 2008.
Spice Mobiles to consider dividend
The board meeting of Spice Mobiles will be held on 07 April 2008 to consider and approve the audited financial results of the company for the financial year (9 months) ended on 31 December 2007 and recommendation of dividend.
Wipro to issue & allot equity shares
The committee of Wipro has decided to issue and allot 2604 equity shares of Rs 2 each pursuant to exercise of the stock options by the eligible employees under WESOP 2000 and restricted stock unit plan 2004.
Further, the committee has allotted 14200 equity shares of par value of Rs 2 to JP Morgan Chase Bank, the company's depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the company's ADS restricted stock unit plan- 2004.
These shares were allotted at the administrative committee through resolution dated 24 March 2008.
Corporation Bank declares interim dividend
The board of Corporation Bank has declared interim dividend at the rate of 45% for the financial year 2007-08.
This was declared at the board meeting held on 25 March 2008.
Corporation Bank to raise tier-II bonds
The board of Corporation Bank has approved the proposal to raise tier-II bonds to the tune of Rs 500 crore. This is in addition to already raised tier II bonds of Rs 500 crore.
This was approved at the board meeting held on 25 March 2008.
Teledata Informatics to raise funds
The members of Teledata Informatics have accorded the board to create, offer, issue and allot to QIBs, whether shareholders of the company or not, equity shares under the QIP and for any shares/securities /warrants convertible into equity shares at the option of the company and for holder of the securities and or securities linked to equity shares and for securities with warrants or any securities other than warrants, which are convertible or exchangeable with equity shares at a later date with or without an over allotment option, or a combination of the foregoing, secured or unsecured, whether listed on any stock exchange in India or unlisted, through a placement document and for an offer document and or prospectus and for offer letter and or offering circular and for information memorandum, and or listing particulars, as the board in its sole discretion may at any time or times hereinafter decide, provided that the total issue size, whether issued in a single tranche or multiple tranches does not exceed Rs 500 crore.
This was accorded at the extraordinary general meeting held on 19 March 2008.
V-Guard Industries reports net profit of Rs 2.00 crore in the December 2007 quarter
V-Guard Industries reported net profit of Rs 2.00 crore in the quarter December 2007. Sales reported at Rs 65.13 crore in the quarter ended December 2007.
Arvind International allots equity shares
The board of Arvind International has allotted 22,00,000 equity shares of Rs 10 each at a premium of Rs 3 per share aggregating to Rs 13 per share on preferential basis to allottees.
These shares were allotted at the board meeting held on 24 March 2008.
GM Breweries to consider dividend
The board meeting of GM Breweries will be held on 03 April 2008 to take on record the audited accounts for the year ended 31 March 2008 and to consider and recommend dividend on equity shares.
KSB Pumps net profit rises 62.15% in the December 2007 quarter
Net profit of KSB Pumps rose 62.15% to Rs 19.62 crore in the quarter ended December 2007 as against Rs 12.10 crore during the previous quarter ended December 2006. Sales rose 21.68% to Rs 131.78 crore in the quarter ended December 2007 as against Rs 108.30 crore during the previous quarter ended December 2006.
For the full year, net profit declined 6.84% to Rs 47.09 crore in the yearended December 2007 as against Rs 50.55 crore during the previous year ended December 2006. Sales rose 14.53% to Rs 465.44 crore in the year ended December 2007 as against Rs 406.38 crore during the previous year ended December 2006.
Siris to allot equity shares
The board of Siris has approved the allotment of 210,00,000 equity shares of Rs 10 to the promoter and their associate companies.
This was approved at the board meeting held on 17 March 2008.
Technocraft Industries India's equity shareholders approves acheme of arrangement
The equity shareholders of Technocraft Industries India have approved the scheme of arrangement between Danube Fashions and Technocraft Industries India.
This was approved at the shareholders meeting held on 24 March 2008.
Vishal Cotspin to allot preference shares
The members of Vishal Cotspin have approved to issue and allot upto 70,00,000 (9%) cumulative redeemable preference shares of Rs 10 each.
Further, the members have approved to increase and re-classify the authorized capital of the company from the present Rs 9,00,00,000.00 to Rs 11,00,00,000.
This was approved at the extraordinary general meeting held on 24 March 2008.
Control Print India to allot equity shares
The board of Control Print India has made allotment of 1,25,000 equity shares Rs 10 each at a premium of Rs 53 per share aggregating Rs 78.75 lakhs fully paid-up to the promoter of the company on preferential basis.
This was decided at the board meeting held on 24 March 2008.
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