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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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Suven Life Sciences in pink of health after securing two product patents
Nov 22,2016

The announcement was made during trading hours today, 22 November 2016.

Meanwhile, the BSE Sensex was up 99.64 points, or 0.39%, to 25,864.78

On BSE, so far 13,000 shares were traded in the counter, compared with average daily volume of 70,299 shares in the past one quarter. The stock hit a high of Rs 170 and a low of Rs 165.50 so far during the day. The stock hit a 52-week high of Rs 275.20 on 29 December 2015. The stock hit a 52-week low of Rs 144.35 on 19 February 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, falling 16.28% compared with the 8.23% decline in the Sensex. The scrip also underperformed the market in past one quarter, sliding 16.32% as against Sensexs 7.95% decline.

The small-cap company has equity capital of Rs 12.73 crore. Face value per share is Re 1.

Suven Life Sciences announced the grant of one product patent from China and one product patent from Mexico corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these patents are valid through 2032 and 2031 respectively. The granted claims of the patents are from the mechanism of action include the class of selective H3 inverse agonist compounds and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimers disease, Attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Major Depressive disorder (MDD), Parkinson and Schizophrenia.

With these new patents, Suven Life Sciences said that the company has a total of twenty one granted patents from China and twenty two granted patents from Mexico. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts, the company said. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II, it added.

Suven Life Sciences net profit rose 58.2% to Rs 32.58 crore on 31.7% rise in net sales to Rs 133.23 crore in Q1 June 2016 over Q1 June 2015.

Suven Life Sciences is a biopharmaceutical company specializing in drug discovery and developmental activities in central nervous system disorders and contract research and manufacturing services (CRAMS).

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Asian Oilfield Services jumps after winning contracts from Oil India
Nov 22,2016

The announcement was made after market hours yesterday, 21 November 2016.

Meanwhile, the BSE Sensex was up 178.26 points, or 0.69%, to 25,943.40.

On BSE, so far 72,000 shares were traded in the counter, compared with average daily volume of 97,910 shares in the past one quarter. The stock hit a 52-week high of Rs 89.80 on 25 October 2016. The stock hit a 52-week low of Rs 27.90 on 12 February 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, falling 13.63% compared with the 8.23% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 2.49% as against Sensexs 7.95% decline.

The small-cap company has equity capital of Rs 22.32 crore. Face value per share is Rs 10.

Asian Oilfield Services said it received letters of award of two contracts by Oil India for acquisition of 2D Seismic Data in unappraised on land areas of North East India for an estimated total value of Rs 140 crore for both the contracts.

On a consolidated basis, Asian Oilfield Services reported net loss of Rs 11.12 crore in Q2 September 2016 as against net profit of Rs 4.09 crore in Q2 September 2015. Net sales declined 94.72% to Rs 3.09 crore in Q2 September 2016 over Q2 September 2015.

Asian Oilfield Services is engaged in providing geophysical, drilling and well services to customers across the Indian sub-continent.

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L&T Construction secures new orders
Nov 22,2016

Larsen & Toubro announced that its construction arm has won orders worth Rs 1926 crore across various business segments as follows -

Power Transmission & Distribution Business - Rs 571 crore
Buildings & Factories Business - Rs 514 crore
Water & Effluent Treatment Business - Rs 397 crore
Metallurgical and Material Handling Business - Rs 298 crore
Heavy Civil Infrastructure Business - Rs 146 crore.

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AXIS Bank gains on fund raising plan
Nov 22,2016

The announcement was made after market hours yesterday, 21 November 2016.

Meanwhile, the BSE Sensex was up 232.51 points, or 0.90%, to 25,997.65.

On BSE, so far 25,000 shares were traded in the counter, compared with average daily volume of 7.01 lakh shares in the past one quarter. The stock hit a high of Rs 471 and a low of Rs 467.90 so far during the day. The stock hit a 52-week high of Rs 638 on 7 September 2016. The stock hit a 52-week low of Rs 366.65 on 18 January 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, falling 11.54% compared with the 8.23% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 20% as against Sensexs 7.95% decline.

The large-cap private sector bank has equity capital of Rs 478.17 crore. Face value per share is Rs 2.

AXIS Bank said it proposes to raise funds by issuing unsecured redeemable non-convertible subordinated debentures (Basel- III compliant Tier II debentures) (Series - 25) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 1800 crore. The board of directors of the bank will consider the proposal to issue and allot the above securities through circular resolution.

Axis Banks net profit declined 83.3% to Rs 319.08 crore on 14.1% growth in operating income to Rs 13698.77 crore in Q2 September 2016 over Q2 September 2015.

Axis Bank is one of the biggest private sector banks in India.

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Board of Khaitan Electricals agrees in-principle to Strategic Debt Restructuring Scheme
Nov 22,2016

The Board of Directors of Khaitan Electricals at its meeting held on 21 November 2016 (original board meeting held on 14 November 2016 was adjourned due to want of quorum) has taken the following decisions -

Appointment of Ashok Kumar Mishra as Company Secretary and Compliance Officer.

The Board in-principle agreed to the Strategic Debt Restructuring Scheme and authorised Chairman to take all steps as may be necessary for the same.

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Outcome of board meeting of Garnet International
Nov 22,2016

Garnet International announced that the Board of Directors of the Company at its meeting held on 21 November 2016 approved the following -

- To change the main object clause of the Company.
- To adopt new set of Articles of Association and Memorandum of Association.
- To call board meeting on 24 November 2016 to finalise date of EGM and approved the notice for EGM.
- Approval of listing of company on National Stock Exchange.

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Board of Uniworth Securities to take note of change in company name
Nov 22,2016

Uniworth Securities announced that a Meeting of the Board of Directors of the Company will be held on 28 November 2016, to note Fresh Certificate of Incorporation received from the Registrar of Companies, Mumbai, Maharashtra Consequent upon Change of Name of the Company from Uniworth Securities to Indoworth Holdings.

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Jindal Steel & Power announces change in CFO
Nov 22,2016

Jindal Steel & Power announced that K. Rajagopal, has resigned from the position of Chief Financial Officer and he will relinquish his Office from the close of business hours on 21 November 2016.

Further, Rajesh Bhatia has been appointed to the position of Chief Financial Officer of the Company with effect from 22 November 2016 to fill the vacancy caused by resignation of K. Rajagopal.

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Tantia Constructions allots equity shares
Nov 22,2016

Tantia Constructions announced that the Company on 19 November 2016 has allotted 99,19,032 Equity Shares at a price Rs. 21.26/- each (including premium Rs. 11.26/- each) to the promoters of the Company pursuant to CDR Scheme.

Consequently with effect from November 19, 2016, the issued, subscribed and paid- up share capital of the Company stands increased to Rs. 28,74,20,980/- divided into 28,74,20,98 Equity Shares of Rs. 10/- each.

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Board of Sundaram Multi Pap to determine issue price of QIP
Nov 22,2016

Sundaram Multi Pap announced that the meeting of the Board of Directors of the Company is scheduled to be held on 24 November 2016 in order to determine the issue price of QIP and the same is being intimated in compliance with Regulation 29 of SEBI (Listing and Disclosures Requirements) Regulations, 2015.

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Board of Trupti Twisters appoints director and company secretary
Nov 22,2016

Trupti Twisters announced that the Board of Directors of the Company at its Meeting held on 21 November 2016 has approved the following:

1. Appointment of Keyoor Bakshi as Independent Director of the Company.

2. Appointment of Malay Desai as Company Secretary & Compliance Officer (As Key Managerial Person) of the Company.

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Outcome of board meeting of Just Dial
Nov 22,2016

Just Dial announced that a meeting of the Board of Directors of the Company was held on 21 November 2016 and concluded at 7.10 P.M. inter alia, transacted the following businesses:

1. Considered and approved new Employee Stock Option Scheme, 2016 and issuance of 20,85,000 equity shares of the Company, subject to approval of Shareholders of the Company through postal ballot.

2. Considered and approved Draft Postal Ballot Notice for the aforesaid purpose.

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Bazel International appoints company secretary and compliance officer
Nov 22,2016

Bazel International announced that Drishti Sharma has been appointed as the Company Secretary and Compliance officer of the Company with effect from 21 November 2016.

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Asian Oilfield Services bags two contract valued at Rs 140 crore
Nov 22,2016

Asian Oilfield Services has received Letters of Award of two contracts from Oil India for an estimated value of Rs 140 crore for both the contracts. The contract is for acquisition of 2D Seismic Data in unappraised on land areas of North East India.

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Pine Animation director resigns
Nov 22,2016

Pine Animation has received resignation from Mandar Subhash Palav from the designation of the director of the Company with immediate effect dated 21 October 2016.

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