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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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Centre to provide funds for enhancing Coastal security in Kerala: Shri Hansraj Ahir
Jul 06,2017

Union Minister of State for Home Affairs, Shri Hansraj Gangaram Ahir has said that the Centre would provide funds for enhancing the coastal security of Kerala. Talking to media after reviewing the overall law and order situation with state officials in Thiruvananthapuram today, he said that funds would be made available from the Police Modernisation Fund for buying more vehicles and patrol boats.

Shri Ahir lauded the Kerala government for ensuring a good policing system. He pointed out that the Community Police system was much helpful against radicalisation drive among the youth. In reply to a question, Shri Ahir said that a report has been sought from the state government on the political violence and murders in the state.

He said that the three southern states, - Kerala, Tamil Nadu and Karnataka have Maoist presence. On youths joining the Islamic State (IS), Shri Ahir said that reports of 22 people joining the terror organisation have come out and no more cases have been reported till now.

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Shriram EPC spurts after winning order
Jul 06,2017

The announcement was made after market hours yesterday, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 52.02 points, or 0.17% to 31,297.58.

On the BSE, 1.28 lakh shares were traded in the counter so far, compared with average daily volumes of 32,585 shares in the past one quarter. The stock had hit a high of Rs 27.30 and a low of Rs 26.35 so far during the day. The stock hit a 52-week high of Rs 40.80 on 7 November 2016. The stock hit a 52-week low of Rs 20.55 on 16 August 2016.

The stock had underperformed the market over the past one month till 5 July 2017, falling 3.94% compared with 0.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.04% as against Sensexs 4.40% rise. The scrip had also underperformed the market in past one year, rising 3.40% as against Sensexs 15.01% rise.

The small-cap company has equity capital of Rs 939.38 crore. Face value per share is Rs 10.

With this order, Shriram EPC has marked its foray into the transportation business. The scope of this project includes design, manufacture, supply, erection, testing, commissioning, operating and maintenance of the second ropeway to the temple that will serve 1,200 people per hour, the company said in a statement.

Shriram EPC reported net loss of Rs 65.49 crore in Q4 March 2017 compared with net loss of Rs 198.28 crore in Q4 March 2016. Net sales rose 51.6% to Rs 211.80 crore in Q4 March 2017 over Q4 March 2016.

Shriram EPC is one of the leading service providers of integrated design, engineering, procurement, construction and project management services for medium to large infrastructure projects in water & sewerage, renewable energy, process and metallurgical plants and Municipal service sector projects throughout India.

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IRB Infra in focus after achieving financial closure for BOT project
Jul 06,2017

IRB Infrastructure Developers said that its special purpose vehicle (SPV) has successfully achieved financial closure for its Udaipur-Gujarat Border 6 Laning BOT (build-operate-transfer) project. The announcement was made after market hours yesterday, 5 July 2017.

NBCC (India) said it secured total business worth approximately Rs 630 crore in June 2017. The announcement was made after market hours yesterday, 5 July 2017.

Cadila Healthcare announced its intention to enter into a long-term arrangement with Phibro Animal Health Corporation to license Phibros innovative poultry vaccine technologies and know-how to a new vaccine manufacturing facility to be built by Zydus Cadila to serve the fast growing poultry market in India. The announcement was made after market hours yesterday, 5 July 2017.

Sobha said it achieved new sales volume of 815,230 square feet (sq ft) in Q1 June 2017 valued at Rs 623.40 crore with an average realisation of Rs 7647 per sq ft. The company in its real estate operational update for Q1 said its share of sales value is Rs 562.70 crore with an average realisation of Rs 6903 per sq ft. The sales volume and total sales value are up by 12.7% and 11.9%, respectively, compared with Q4 March 2017. The announcement was made after market hours yesterday, 5 July 2017.

Om Metals Infraprojects said it sold its cineplex division, Om Cineplex Commercial Complex, for Rs 18 crore to Princess Infra and Development. The announcement was made after market hours yesterday, 5 July 2017.

Shriram EPC said it bagged order worth Rs 71 crore from Palani Temple in Tamil Nadu marking the companys foray into the transportation business. The scope of this project includes design, manufacture, supply, erection, testing, commissioning, operating and maintenance of the second ropeway to the temple that will serve 1,200 people per hour. The announcement was made after market hours yesterday, 5 July 2017.

Tanla Solutions said its board of directors, through resolution passed by circulation approved allotment of 14.83 lakh equity shares of the company, fully paid up, pursuant to conversion of warrants into equity to D. Uday Kumar Reddy, the promoter of the company. With this allotment, D. Uday Kumar Reddy has subscribed and was allotted 50 lakh equity shares upon conversion of preferential warrants. The announcement was made after market hours yesterday, 5 July 2017.

Cyient announced that it has signed a non-exclusive business alliance agreement with Kii Corporation, a leading Internet of Things (IoT) solutions enablement platform provider, to explore, bid and address business opportunities around smart city deployments. The announcement was made after market hours yesterday, 5 July 2017.

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Rashtriya Chemicals & Fertilizers issues Commercial Paper aggregating Rs 120 crore
Jul 05,2017

Rashtriya Chemicals & Fertilizers has issued Commercial Paper for Rs.120 crore on 5 July, 2017, in favour of ICICI Bank Limited, having maturity date as 29 September, 2017.

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Konark Synthetic sells its entire stake in Trade Bazaar Retail
Jul 05,2017

Konark Synthetic announced that it has sold its entire shareholding in Trade Bazaar Retail, a wholly owned subsidiary on 5 July, 2017. Accordingly, the Trade Bazaar Retail ceased to be subsidiary of the Company w.e.f. 5 July, 2017.

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Phibro Animal Health Corporation and Zydus Cadila plan a long term agreement
Jul 05,2017

Phibro Animal Health Corporation and Zydus Cadila announced their intention to enter into a long term arrangement to license Phibros innovative poultry vaccine technologies and know how to a new vaccine manufacturing facility to be built by Zydus Cadila to serve the fast growing poultry market in India.

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Dewan Housing Finance Corporation gets reaffirmation of credit ratings
Jul 05,2017

Dewan Housing Finance Corporation has received reaffirmation in credit ratings from CARE as under -

NCDs (Rs 17655.12 crore) - CARE AAA
NCDs Public Issue (Rs 14000 crore) - CARE AAA
FD Programme (Rs 8000 crore) - CARE AAA (FD)
Subordinated Debt (Rs 2205 crore) - CARE AA+
Perpetual Debt (Rs 800 crore) - CARE AA
Non Convertible Redeemable Cumulative Preference Shares (Rs 750 crore) - CARE AA+ (RPS)
Long term bank facilities (Rs 42713.80 crore) - CARE AAA

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Board of Granules India approves hike in FII/ FPI investment limit to 49%
Jul 05,2017

Granules India announced that the Board of Directors of the Company at its meeting held on 05 July 2017 approved to increase the FII / FPI shareholding in the Company to 49% of the total paid up equity share capital of the Company, subject to approval of shareholders. The Company has rescheduled the AGM to 28 September 2017.

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Board of Niyogin Fintech allots 37,881,600 equity shares on preferential basis
Jul 05,2017

The Board of Directors of Niyogin Fintech at their meeting held on 5 July 2017 approved the allocation of 37,881,600 equity shares having a face value of Rs. 10 each at a premium of Rs. 40 each to the proposed allotees on a preferential basis.

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Board of Sanwaria Agro Oils allots bonus shares
Jul 05,2017

The Board of Directors of Sanwaria Agro Oils at its meeting held on 05 July 2017 has allotted 36,80,50,000 Bonus Equity Shares of face value of Rs. 1.00 (Rupees One Only), each in the ratio of 1:1 i.e. one new Bonus Share for every one Equity shares held by the shareholders of the Company.

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Outcome of board meeting of Supreme Tex Mart
Jul 05,2017

The Board of Directors of Supreme Tex Mart at its meeting held on 05 July 2017 transacted the following -

1. Appointment of Preeti Pandey, as Women Additional Director in the category of Independent Director.

2. To take note of Resignation of Inder Pal Singh from the position of Chief Financial Officer of the company w.e.f 05 July 2017

3. Appointment of Gaurav Gupta as Company Secretary and Compliance Officer of the company.

4. To take note of change in Designation of Kuldip Singh, Whole Time Director category Executive Director to Director under the category of Non Executive Director of the company.

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Board of Photon Capital Advisors decides to deregister as NBFC
Jul 05,2017

The Board of Directors of Photon Capital Advisors at its meeting held on 05 July 2017 resolved to surrender voluntarily Certificate of Registration (CoR) as Non-Banking Financial Company (NBFC) without accepting public deposits to Reserve Bank of India (RBI) as the Company has discontinued its NBFCs activities.

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Board of Orient Tradelink approves change in directorate
Jul 05,2017

Orient Tradelink announced that the Board of Directors of the Company at its meeting held on 05 July 2017 has approved the following -

Appointment of Mahesh Kumar Verma as Director, Non-executive of the Company.

Resignation of Gulshan Kumar Mehndiratta as Director of the Company.

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Rural Electrification Corporation launches issue of USD 450 mn Notes
Jul 05,2017

Rural Electrification Corporation has launched an issue of U.S.$450,000,000 3.875% Notes due 2027, priced on 29 June 2017. The Notes will mature on 2027 and all principal and interest payments will be made in U.S. Dollars. The Notes are expected to be settled by 07 July 2017.

The Notes will be listed on the Singapore Exchange (SGX) and the green segment of the London Stock Exchanges International Securities Market (ISM).

The net proceeds from the sale of the Notes will be applied for financing of existing projects including re-financing and new eligible Green Projects primarily covering in the area of solar, wind, biomass and hydropower energy as per Climate Bond Standards.

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Towa Sokki announces resignation of company secretary and compliance officer
Jul 05,2017

Towa Sokki announced that Vandana Yadav has resigned as Compliance Officer and Company Secretary of the Company with effect from 05 July 2017.

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