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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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Zodiac-JRD-MKJ appoints director
May 25,2017

Zodiac-JRD-MKJ announced the appointment of Jayesh Kadakia as Additional Independent Non Executive Director of the Company in the Board Meeting held on 25 May 2017.

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Board of Lux Industries approves investment in 100% shares in Artimas Fashions
May 25,2017

The Board of Lux Industries at its meeting held on 25 May 2017 has approved investment in 100% shares of Artimas Fashions.

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L T Foods allots 112,910 equity shares
May 25,2017

L T Foods has allotted 112,910 equity shares under ESOP. Consequently, the paid up equity shares has increased to 2,66,744,780 equity shars of Re 1 each aggregating Rs 26.67 crore.

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Board of Lypsa Gems & Jewellery approves bonus issue
May 25,2017

Lypsa Gems & Jewellery announced that the following Outcome of the Meeting of the Board of Directors held on 25 May 2017 :

- The board approves Issue of bonus shares in the ratio of 2:5 (i.e. two equity shares as bonus for every 5 equity shares held) subject to approval of share holders in the forthcoming Annual General Meeting/Extra Ordinary General Meeting.

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Britannia Industries to pay dividend
May 25,2017

Britannia Industries announced that dividend, if approved will be paid on or before 19 August 2017.

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Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder
May 25,2017

Proposed GST Tax rates would be much lesser than the prevailing incidence of taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder. Details in this regard are as follows:

1. Sugar: Sugar attracts specific central excise duty of Rs.71 per quintal plus Sugar Cess of Rs.124 per quintal, which translates to ad valorem rate of more than 6%. Including incidence on account of account of CST, octroi, and entry tax etc., the present total tax incidence would work out to more than 8%. As against this, the proposed GST rate on sugar is only 5% i.e. 3% less than present incidence of taxes.

2. Tea and coffee (other than instant coffee): Tea and coffee attract Nil central excise duty and VAT rate of 5%. Considering embedded taxes in production of tea and coffee and the incidence on account of CST, octroi and entry tax etc., the present total tax incidence works out to more than 7%. As against this, the proposed GST rate for tea and coffee (other than instant coffee) is only 5%.

3. Milk powder: Milk powder attracts Nil central excise duty and 5% VAT. Considering embedded taxes in production of milk powder and the incidence on account of CST, octroi, and entry tax etc., the present total tax incidence works out to more than 7%. As against this, the proposed GST rate on milk powder is only 5%.

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Rupee surges
May 25,2017

Rupee rose to close higher at 64.6250/6275 per dollar on Thursday (25 May 2017), versus its previous close of 64.7650/7725 per dollar. A broad weakness of the U.S. Dollar against a basket of currencies owing to the U.S. Feds FOMC minutes hinting at a gradual cautious rate hike in June led to the Indian greenbacks surge.

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Transglobe Foods to hold board meeting
May 25,2017

Transglobe Foods will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, approve and take on record the Audited Financial Results of the Company for the Financial year ended 31st March 2017.

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Axis Rail India to hold board meeting
May 25,2017

Axis Rail India will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider, approve and take on record the Audited Financial Results of the Company for the Financial year ended 31st March 2017.

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Suraj Industries to hold board meeting
May 25,2017

Suraj Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve audited Financial Results of the Company for the year ended March 31,2017 and to consider other agenda items.

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Sri Malini Spinning Mills to hold board meeting
May 25,2017

Sri Malini Spinning Mills will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider among other things the audited financial results for the year ended 3I March 2017.

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Board of Garware-Wall Ropes recommends final dividend
May 25,2017

Garware-Wall Ropes announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

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Board of Essel Propack recommends final dividend
May 25,2017

Essel Propack announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 2.4 per equity Share (i.e. 120%) , subject to the approval of the shareholders.

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Orient Press to hold board meeting
May 25,2017

Orient Press will hold a meeting of the Board of Directors of the Company on 29 May 2017, to approve the Audited Financial Accounts and Results of the Company for the year ended 31st March, 2017, and to recommend dividend, if any, on the equity shares of the Company for the financial year 2016-17.

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Board of Elixir Capital recommends final dividend
May 25,2017

Elixir Capital announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 1.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.

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