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Kamanwala Housing Construction appoints company secretary and compliance officer

Kamanwala Housing Construction appoints company secretary and compliance officer

Jun 25,2016

Kamanwala Housing Construction announced that Dhirubhai Gondalia has retired from the Post of Compliance Officer. The Board of Directors in the Meeting held 28 May 2016 has appointed Vipul Bhoy as Company Secretary and Compliance Officer in the Company w.e.f. 01 June 2016.

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GMR Airports wins North Goas Greenfield Mopa Airport
Aug 27,2016

GMR Airports has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa. The concession period for the Greenfield project will be 40 years with a possible extension of another 20 years through a bid process. The airport will be built under the BOT (Build Operate Transfer) model.

GMR won the bid through a closely contested competitive bid process with Airports Authority emerging as the second highest bidder followed by the consortium of Essel Infra-Incheon emerging third.

The letter of award is expected to be issued within 60 days, while signing of concession agreement will be done within 45 days from the date of issuance of award letter.

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LML announces demise of director
Aug 27,2016

LML announced that the Companys Whole-time Director, Lalit Kumar Singhania left for heavenly abode on 25 August 2016.

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Outcome of board meeting of Electrosteel Castings
Aug 27,2016

Electrosteel Castings announced that the Board of Directors of the Company at its meeting held on 27 August 2016, inter alia, have approved the following:

- The proposal for premature redemption of 3rd instalment of 10.75% Non- Convertible Debentures of the Company, subject to the acceptance of the terms and conditions by the Debenture holder(s).

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Banswara Syntex gets High Court approval for scheme of amalgamation
Aug 27,2016

Banswara Syntex announced that the Scheme of Amalgamation of Banswara Global and Banswara Fabrics with Banswara Syntex as approved by the Honble High court of judicature at Jodhpur.

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Surya Marketing announces change in directorate
Aug 27,2016

Surya Marketing announced that Ankit Modi has resigned on 01 August 2016 and on his place Arun Kumar Dey, has appointed as director from his position w.e.f. 01 August 2016.

Thereby the board composition is as follow:

1. Kailash Chand Upreti ( Whole Time Director)

2. Radhika Thapliyal (Director)

3. Virender Singh Rana (Director)

4. Arun Kumar Dey (Director)

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MEP Infrastructure Developers provides update on a road project in Tamil Nadu
Aug 27,2016

MEP Infrastructure Developers announced that one of Companys Subsidiary viz. Raima Toll Road (SPV and/or Concessionaire) had entered into the concession agreement with National Highways Authority of India (NHAI) on 10 April 2013 for Operation and Maintenance of Madurai-Tirunelveli-Panagudi-Kannyakumari section from km.0.00 to km.243.170 (total length 243.170) in the state of Tamil Nadu [Package No.6 (NS)]. The Commercial Operation Date (COD) for the Project was achieved on 22 September 2013.

During the operations period, the Concessionaire was unable to implement the toll notification towards collection of toll dues from certain State operated transport agencies, resulting in significant ongoing loss of revenue for the Concessionaire. Further, also due to non-fulfilment of certain obligations by both the Parties, there have been claims made, which are in the process of being amicably settled.

As part of the amicable settlement process, it has been mutually agreed by the Parties for the concessionaire to hand over the operations of the toll plaza facilities to NHAI from 25 August 2016 at 08:00 hours.

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Board of D-Link India approves appointment of director
Aug 27,2016

D-Link India announced that the Board of Directors of the Company at their meeting held on 26 August 2016 have approved the appointment of Madhu Gadodia as Additional Director (Non-Executive & Independent) of the Company with effect from 27 August 2016.

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Microsec Financial Services to seek NBFC registration
Aug 27,2016

Microsec Financial Services announced that the Board of Directors of the Company by way of Resolution by Circulation dated 27 August 2016, has given their approval for making an application to the Reserve Bank of India in terms of sub-section (2) of Section 45-IA of the Reserve Bank of India Act, 1934 for granting Certificate of Registration to commence/carry on the business of a NBFC.

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Manappuram Finance allots NCDs aggregating Rs 50 crore
Aug 27,2016

Manappuram Finance announced that the Financial Resources and Management committee of Board of Directors of the Company allotted 500 Secured Redeemable Non-Convertible Debentures by way of Private Placement, having face value of Rs. 10,00,000/- each aggregating to Rs.50 crore (Rupees Fifty Crores only ) on 26 August 2016.

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Claris receives AND A approval for Flumazenil Injection
Aug 27,2016

Claris Lifesciences announced that it has received an Abbreviated New Drug Application approval for Flumazenil Injection USP, 0.5 mg/5 mL and 1 mg/10 mL multiple dose vials, in the United States of America.

The ANDA approval has come for the same plant where the FDA has recently completed their Prior Approval Inspection (PAI).

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Indian Hotels Company announces cessation of ED & CFO
Aug 27,2016

Indian Hotels Company announced that Anil P. Goel - Executive Director & CFO has sought premature retirement from the services of the Company and the same has been accepted by the Management.

Accordingly, Goel will step down as the Companys Executive Director & CFO effective 15 October 2016.

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Carborundum Universal inaugurates new R&D centre
Aug 27,2016

Carborundum Universal inaugurated its state-of-the-art Research and Development centre in its Industrial Ceramics Division facility in Hosur, Tamil Nadu.

This facility boasts of advanced equipment for material characterization, microstructural analysis, finished component analysis and other critical areas, supplementing the existing R&D activity of the unit. It is certified by the Department of Scientific and Industrial Research (DSIR), Govt. of India. It will be a Centre of Excellence for research in Technical Ceramics for Industrial & Advanced applications, and will serve to address CUMIs aspirations to grow in Wear Resistant & Technical Ceramics includingMetallized Ceramic range of products. This new R&D Centre would further strengthen the platform of competency for sustainable growth & Market Leadership of Wear Resistance & Technical Ceramic products in selected segments.

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India Nippon Electricals announces change in registered office
Aug 27,2016

India Nippon Electricals announced that the Registered office of the Company has been changed from n++Aalim Centren++ 2nd Floor, No.82, Dr Radhakrishnan Salai, Mylapore, Chennai - 600004 to No.11 & 13, Patullos Road, Chennai - 600002 with effect from 27 August 2016.

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Board of Bronze Infra-Tech approves change in directorate
Aug 27,2016

Bronze Infra-Tech announced that the Board of Directors of the Company at its meeting held on 27 August 2016, has transacted the following;

1. Shayama Charan Kumar appointed as Managing Director and Chief Financial Officer of the Company.

2. Pijush Kundu appointed as an Additional Director of the Company.

3. Resignation of Pritesh Kumar Naranbhai Solanki, Managing Director and Chief Financial Officer of the Company.

4. The Board also discussed the future development & expansion of business.

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India Nippon Electricals standalone net profit rises 0.16% in the June 2016 quarter
Aug 27,2016

Net profit of India Nippon Electricals rose 0.16% to Rs 6.12 crore in the quarter ended June 2016 as against Rs 6.11 crore during the previous quarter ended June 2015. Sales rose 7.09% to Rs 83.54 crore in the quarter ended June 2016 as against Rs 78.01 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales83.5478.01 7 OPM %9.839.50 - PBDT10.579.12 16 PBT9.538.27 15 NP6.126.11 0

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