Thursday, April 16, 2015

IMPORTANT CORPORATE ANNOUNCEMENTS-2 - From 11.04.15 TO 16.04.15

IMPORTANT CORPORATE ANNOUNCEMENTS-2

From 11.04.15 TO 16.04.15 

 

16-APR-2015

Jay Bharat Maruti Limited has informed the Exchange that the Board of Directors  has recommended a dividend of Rs. 2/ per equity share of Rs. 5/- each for the year ended March 31, 2015 (Financial Year 2014-15).

Pidilite Industries Limited has informed the Exchange that Nina Waterproofing Systems Private Ltd. (NWSP), a subsidiary of Pidilite Industries Limited (PIL), has acquired the waterproofing business of Nina Concrete Systems Private Ltd. (NCS) on a slump sale basis. PIL holds 70% of the paid up capital in NWSP . The waterproofing business under the brand name NINA was established in 1965. NINA is recognized as one of the leading waterproofing solution contractor in India. It offers end-to-end solutions in waterproofing . NINA has its major presence across the construction spectrum - including residential, commercial, industrial, institutional and infrastructure segments.

Fineotex Chemical Limited has informed the Exchange that the Board of Directors approved the sub-division of 1 (One) Equity Shares of the Company having face value of Rs. 10/- each into 5 (Five) Equity shares of face value of Rs.2/- each and consequential alteration in the relevant clauses relating to Memorandum of Association of the Company.

Rolta India Limited has informed the Exchange regarding a press release dated April 16, 2015 , titled "Rolta denies contents of the Glaucus Research Report calls it baseless, erroneous and malafide".

Bharat Heavy Electricals Limited has informed the Exchange regarding a press release dated April 16, 2015 titled "BHEL commissions 2,400 MW OP Jindal Thermal Power Project".

Eros International Media Limited has informed the Exchange regarding the pres release dated April 16, 2015 titled, "ErosNow partners with Asianet Broadband for movie streaming service."

15-Apr-2015

Aurobindo Pharma Limited has informed the Exchange regarding a press release dated April 15, 2015, titled "Aurobindo Pharma receives USFDA Approval for Cefixime for Oral Suspension USP".

Strides Arcolab Limited has informed the Exchange regarding a press release dated April 15, 2015, titled "Strides Arcolab receives ANDA approval from US FDA for Polyethylene Glycol 3350, Sodium Chloride, Sodium Bicarbonate and Potassium Chloride for Oral Solution".

Sun Pharmaceuticals Industries Limited has informed the Exchange regarding a press release dated April 15, 2015, titled "Sun Pharma and the Technion form Research Collaboration to Develop New Class of Oncology Drugs".

News Verification : The media had reports "ABG Shipyard to bring equal partner by mid-August". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated, "a) The Company is exploring the possibility of the investors so as to improve the Company's financial and operational strength. b) The Company does not have any information which is required to be disclosed to the stock exchanges as per Clause 36 of the Listing Agreement."

News Verification : The media had reports "Torrent eyes Encore derma biz for Rs. 350cr". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Torrent Pharmaceuticals Limited has vide its letter inter-alia stated, "Kindly note that Torrent Pharmaceuticals Limited, does examine various opportunities for its growth, both organic and inorganic. Accordingly, the Company has submitted a Non-Binding Bid for one of the companies of Encore Group, subject to various assumptions and conditions and is in discussions for crystallizing the proposal. As such, we are not aware of any information that could have an impact on movement of the scrip."

Tech Mahindra Limited has informed the Exchange regarding a press release dated April 15, 2015, titled "Comverse and Tech Mahindra Sign Global Strategic Relationship".

Subex Limited has informed the Exchange that the Company has allotted 28,28,550 equity shares pursuant to the conversion of US$ 11,50,000 out of Company's US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on April 15, 2015. Post the conversion, FCCBs aggregating to US$ 77.38 million are outstanding under the said Bonds. Subject to the listing & trading approval of the NSE and BSE the paid up share capital of the Company has increased from Rs. 190,30,14,030 to Rs. 193,12,99,530.

Shree Cements Limited has informed the Exchange that the Company has completed the phase-2 of "Ras New Cement Unit" at Bangur City Ras, District Pali, Rajasthan and enhanced its Cement Production Capacity by 2.00 MTPA w.e.f April 9, 2015.

The Exchange has sought clarification from CESC Limited with respect to recent news item captioned "CESC to revive 1,320 mw Balagarh project". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has not been announced to the Exchanges under clause 36 of the Listing Agreement. The response from the Company is awaited.

  
14-apr-15

 
KNR Constructions Limited has informed the Exchange vide letter dated April 13, 2015 regarding a press release, titled "KNR Constructions has received orders worth of Rs. 729.056 Crores". Further, the trading window of the Company shall remain closed from April 13, 2015 to April 14, 2015 (both days inclusive).
Power Finance Corporation Limited has informed the Exchange regarding a press release dated April 13, 2015 titled " PFC achieves MOU Targets of Financial Year 2014-15 for Sanctions and Disbursements".

13-apr-15

Kotak Mahindra Bank Limited has informed the Exchange regarding a press release dated April 13, 2015 titled "Kotak Mahindra Bank revises Base Rate".

Caplin Point Laboratories Limited has informed the Exchange that a license and distribution agreement has been made and entered by and between Caplin Point Laboratories Limited, India and Cycle Pharmaceuticals Limited, a Limited Company having its principal offices at Cambridge, UK. Cycle Pharmaceuticals Limited is one of the niche global pharmaceutical companies with unique products and sharp focus on key geographies like USA and Europe. Under this agreement, Caplin Point shall be responsible for developing and manufacturing identified liquid injectable products whereas Cycle Pharmaceuticals Limited shall be holding this ANDA and commercialize the same in USA. This is a product specific agreement for United States of America. Currently one product is featuring in the contract. Caplin Point has already received milestone payment for one product and the product development cum dossier preparation have just commenced. However, the company will keep you updated on further developments including further financial impact from time to time.

Steel Strips Wheels Limited has informed the Exchange vide letter dated April 13, 2015 regarding "SSWL to see increase in Tractor Wheel Volume".

 11.04.15

SKS Microfinance Limited has informed the Exchange that the Company issued Commercial Papers of an aggregate amount of Rs. 50 crore on April 10, 2015, which have been rated 'A1+' by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate Commercial Paper outstanding as on date is Rs. 145 crore.

NTPC Limited has informed the Exchange that Unit no.3 of 200 MW of Koldam Hydro Power Project has been commissioned on April 10, 2015. With this, the total installed capacity of Koldam Hydro Power Project has become 600MW and the total installed capacity of NTPC group has become 44598MW.

GVK Power & Infrastructure Limited has informed the Exchange that the 330MW (4x82.50MW) Alaknanda Hydro Power Company Limited, a step down subsidiary of the Company has successfully synchronised its First Unit of 82.50 MW with the grid on April 10, 2015 and is generating at full load. The synchronisation of Second and Third Units with the grid are expected during this month and the last Unit (Fourth) is likely to be Commissioned by next month .

Larsen & Toubro Limited has informed the Exchange regarding a press release dated April 10, 2015 titled "L&T Signs MoU with AREVA for Jaitapur Nuclear Power Project".

Jubilant Foodworks Limited has informed the Exchange regarding a press release dated April 11, 2015, titled "Hyderabad gets its first Dunkin' Donuts Restaurant!".

Financial Technologies (India) Limited has informed the Exchange that as a procedure, Ministry of Corporate Affairs (MCA) has passed an Assessment Order (Order) which is posted on MCA website in the captioned matter and the same is yet to be notified in the Official Gazette of India. The Order shall be effective, if and only if, the Central Government finally decides to amalgamate National Spot Exchange Limited (NSEL) with Financial Technologies (India) Limited (FTIL), as stated in the Order. The Company will take appropriate steps in the matter, if required, in consultation with the legal Counsel of the Company.

Housing Development Finance Corporation Limited has informed the Exchange regarding a press release dated April 10, 2015 titled "HDFC Reduces its Lending Rates".

Reliance Industries Limited has submitted to the Exchange a copy of the media press releases titled Reliance Commissions 1150 KTA PTA Plant and Reliance Commissions 650 KTA PET Resin Plant.
 

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