Mar 5, 2008

Market News 5 March 2008

SRF Board to consider interim dividend

SRF Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 11, 2008, inter alia, for considering the proposal for declaration of interim dividend on the equity shares of the Company.

 

ONGC - Limited Review for the quarter ended Dec 31, 2007

Oil & Natural Gas Corporation Ltd (ONGC) 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:

"The Auditors have placed reliance on technical / commercial evaluation by the management in respect of categorisation of wells as exploratory, development and producing, allocation of cost incurred on them, depletion of producing properties on the basis of the proved developed hydrocarbon reserves, liability for abandonment costs, liabilities under NELP for under performance against agreed Minimum Work Programme and allocation of depreciation on process platforms to transportation and facilities".

         

Aegis Logistics - Updates

Aegis Logistics Ltd has informed that the Company is in receipt of the Order dated February 12, 2008 of the Hon'ble High Court of Gujarat sanctioning the Scheme of Arrangement filed under section 391-394 of the Companies Act, 1956 in the nature of Demerger of the Throughput Activity Undertaking of Hindustan Aegis LPG Ltd with the Company.

 

Nestle India Board recommends final dividend

Nestle India Ltd has informed that the Board of Directors of the Company at its meeting held on March 04, 2008, inter alia, has recommended a final dividend for 2007 of Rs 2.50 per equity share, for approval of the shareholders.

Further the Company has informed that, the Register of Members and Share Transfer Books of the Company will remain closed from April 25, 2008 to May 02, 2008 (both days inclusive) for the purpose of payment of final dividend & 49th Annual General Meeting of the Company to be held on May 02, 2008.

         

McDowell Holdings - De-listing of Equity Shares from ASE

McDowell Holdings Ltd has informed that the equity shares of the Company of the Company have been delisted from Ahmedabad Stock Exchange Ltd (ASE) w.e.f. January 11, 2008.

 

Rasoi - Limited Review for the quarter ended Dec 31, 2007

Rasoi 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:

"Adjustments regarding employee benefits and taxation as mentioned in Note 3 and Note 4 and impacts thereon if any, arising with respect to the qualification given in audit report for the year ended March 31, 2007 as mentioned in Note 5 of the Unaudited Financial Results for the quarter ended December 31, 2007."

 

Record date for Godrej Consumer Products rights issue is 19 March 2008

Godrej Consumer Products has fixed 19 March 2008 as the record date for the purpose of rights issue of equity shares.

The company made this announcement after the trading hours on Tuesday, 04 March 2008.

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