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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Pidilite Industries allots 7,400 equity shares
Mar 03,2017

Pidilite Industries has allotted on 03 March 2017, 7400 equity shares of face value of Re.1/- each in the share capital of the Company for cash at par to the eligible employees of the Company who exercised their stock option under ESOS-2012. These shares shall rank pari passu, in all respects with the existing equity shares of the Company.

After allotment of aforesaid equity shares, the share capital of the Company stands increased from 51,26,75,330 to 51,26,82,730.

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Rupee closes lower
Mar 03,2017

Rupee closed lower at 67.0025/0100 per dollar on Friday (03 March 2017), versus its previous close of 66.8975/90 per dollar.

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MSTC supports the Promotion of Agri-Forest Produce of the North Eastern Region
Mar 03,2017

The Minister of State (Steel) Shri Vishnu Deo Sai said that the North-East Region is endowed with a climate for rich agri and forest produce but the growers do not have any market access for their produce and are compelled to be exploited by middle men leading to a very pitiable situation for them. The situation is also aggravated due to the lack of proper logistic supports in the region.

The Minister appreciated MSTCs vision towards developing an eco system bringing all the enabling partners such as North-Eastern Regional Agriculture and Marketing Corporation (NERAMAC), Central Railside Warehousing Corporation (CRWC), Packaging Company and Inland Waterways Authority (IWA).

The above ecosystem will not only improve the financial status of the growers but also prevent the crops from colossal wastage and make niche products available to the rest of the country. This collaborative effort may play an important role as envisaged in the Government Policy for the development of the north-east region.

In order to provide direct market access to the growers of the North-East region and also effective co-ordination and required services amongst the above agencies, MSTC has recently opened an office at Guwahati, which will be a nodal point to cater to the needs of all the sister states of the North-East.

MSTC, a PSU under Ministry of Steel has also been rendering services to the oil marketing companies and paramilitary forces including defence in this region since long. In addition, MSTC is eying on all the State Government Departments of North-East states to provide e-Commerce services.

To increase its presence and services in the North East Region, the Minister of State for Steel has advised MSTC to waive off the registration fees charged to the new buyers in the North East Region to increase its buyer base and help the region in reaping the benefits of the e-commerce services.

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Lancor Holding provides update on scheme of amalgamation
Mar 03,2017

Lancor Holding announced that the Honble Madras High Court has approved the Scheme of Amalgamation of Lancor Guduvancherry Developments (LGDL - Transferor - 1) and Lancor Sriperumbudur Developments (LSDL - Transferor - 2) with Lancor Holdings (LHL - Transferee) vide order dated 03 January 2017. Subsequently the company received the certified true copy of the order on 13 February 2017.

Further, Lancor Holdings (Transferee) filed the aforesaid Court order through appropriate e-forms with the Registrar of Companies (ROC), Chennai on 28 February 2017.

Consequently, the abovementioned companies viz., Lancor Guduvancherry Developments (LGDL) and Lancor Sriperumbudur Developments (LSDL) stand merged with Lancor Holdings w.e.f. 28 February 2017.

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Lancor Holding provides update on scheme of amalgamation
Mar 03,2017

Lancor Holding announced that the Honble Madras High Court has approved the Scheme of Amalgamation of Lancor Guduvancherry Developments (LGDL - Transferor - 1) and Lancor Sriperumbudur Developments (LSDL - Transferor - 2) with Lancor Holdings (LHL - Transferee) vide order dated 03 January 2017. Subsequently the company received the certified true copy of the order on 13 February 2017.

Further, Lancor Holdings (Transferee) filed the aforesaid Court order through appropriate e-forms with the Registrar of Companies (ROC), Chennai on 28 February 2017.

Consequently, the abovementioned companies viz., Lancor Guduvancherry Developments (LGDL) and Lancor Sriperumbudur Developments (LSDL) stand merged with Lancor Holdings w.e.f. 28 February 2017.

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Board of Sadhbhav Engineering approves change in directorate
Mar 03,2017

Sadhbhav Engineering announced that the Board of Directors of the Company at its meeting held on 03 March 2017 has transacted the following -

Conferred the Honorary title of Chairman Emeritus to Vishnubhai M Patel.

The Board has appointed Shashin V Patel, Non Executive Director as Chairman of the Company due to resignation of Vishnubhai Patel on health grounds.

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Board of SRS Finance accepts resignation of director
Mar 03,2017

SRS Finance announced that the Board of Directors of the Company in its meeting held on 03 March 2017 has accepted the resignation of Naveen Tanyal, Non Executive Director from the directorship of the Company with effect from 03 March 2017.

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Shreyas Intermediates announces resignation of director
Mar 03,2017

Shreyas Intermediates announced that Ramchandra Dhondu Ghanekar has resigned from the office of Whole-time Director of the Company with effect from 3 March 2017 due to his pre-occupation.

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Board of Sadbhav Infrastructure Project approves change in directorate
Mar 03,2017

Sadbhav Infrastructure Project announced that the Board of Directors of the Company at its meeting held on 03 March 2017 has transacted the following -

Conferred the Honorary title of Chairman Emeritus to Vishnubhai M Patel.

The Board has appointed Shashin V Patel, Non Executive Director as Chairman of the Company due to resignation of Vishnubhai Patel on health grounds.

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Board of Sahyog Multibase appoints director
Mar 03,2017

Sahyog Multibase announced that at the meeting of the Board of Directors of the Company held on 3 March 2017 interalia, Vishesh Gupta was appointed as an Additional Director of the Company w.e.f. 03 March 2017.

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Ind Bank Housing announces change in registered office
Mar 03,2017

Ind Bank Housing has shifted its registered office from 01 March 2017 to 3rd Floor, 480, Anna Salai, Nandanam, Chennai 600035.

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Punjab National Bank raises Rs 1500 crore
Mar 03,2017

Punjab National Bank has raised Rs 1500 crore Additional Tier-1 (Basel III Compliant) Capital Bonds at a coupon rate of 8.95% p.a., payable semi-annually on private placement basis on 03 March 2017.

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Jubilant FoodWorks extends Thursdays gains
Mar 03,2017

Meanwhile, the S&P BSE Sensex was down 15.44 points or 0.05% at 28,824.35.

On the BSE, 82,000 shares were traded on the counter so far as against the average daily volumes of 60,242 shares in the past one quarter. The stock had hit a high of Rs 1,060.20 and a low of Rs 1,025.50 so far during the day.

The stock had hit a 52-week high of Rs 1,347.65 on 27 April 2016 and a 52-week low of Rs 761 on 26 December 2016. It had outperformed the market over the past one month till 2 March 2017, gaining 12.3% compared with the Sensexs 2.17% rise. The scrip had also outperformed the market over the past one quarter, advancing 18.52% as against the Sensexs 9.95% rise.

The mid-cap company has equity capital of Rs 65.95 crore. Face value per share is Rs 10.

Shares of Jubilant FoodWorks have risen 5.05% in two trading sessions from its closing price of Rs 1,003.20 on 1 March 2017, on reports a foreign brokerage has upgraded its rating on the stock to buy with a target price of Rs 1,228. The stock had risen 3.24% to settle at Rs 1,035.75 yesterday, 2 March 2017.

Jubilant FoodWorks net profit fell 31.9% to Rs 19.97 crore on 3.9% growth in net sales to Rs 658.76 crore in Q3 December 2016 over Q3 December 2015.

Jubilant FoodWorks is part of Jubilant Bhartia group and Indias largest food service company with a network of Dominos Pizza restaurants pan India. The company & its subsidiary have the exclusive rights to develop and operate Dominos Pizza brand in India, Sri Lanka, Bangladesh and Nepal. The company also has exclusive rights for developing and operating Dunkin Donuts restaurants for India.

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Zenotech Lab gains after board approves winding up of Nigerian subsidiary
Mar 03,2017

The announcement was made after market hours yesterday, 2 March 2017.

Meanwhile, the BSE Sensex was down 15.38 points, or 0.05%, to 28,824.41.

On the BSE, 3,473 shares were traded in the counter so far, compared with an average volume of 9,422 shares in the past one quarter. The stock had hit a high of Rs 39.40 and a low of Rs 38.25 so far during the day. The stock had hit a 52-week high of Rs 51.80 on 15 June 2016. The stock had hit a 52-week low of Rs 31.50 on 30 March 2016.

It had underperformed the market over the past one month till 2 March 2017, falling 10.21% compared with the Sensexs 2.17% rise. The scrip had also underperformed the market over the past one quarter, dropping 3.77% as against the Sensexs 9.95% rise.

The small-cap pharma company has an equity capital of Rs 34.43 crore. Face value per share is Rs 10.

Zenotech Laboratories reported net loss of Rs 5.25 crore in Q3 December 2016 compared with net loss of Rs 4.75 crore in Q3 December 2015.

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Intense Technologies to hold board meeting
Mar 03,2017

Intense Technologies will hold a meeting of the Board of Directors of the Company on 6 March 2017, for allotment of shares pursuant to exercise of stock options under the Companys Intense ESOP Scheme A 2009.

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