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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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Shares of Shree Nidhi Trading Company get listed
Jan 16,2017

The equity shares of Shree Nidhi Trading Company (Scrip Code: 540253) are listed effective 16 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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Coal India in focus after hiking coking coal price
Jan 16,2017

Coal India will be watched. The board of directors of Central Coalfields a subsidiary of Coal India approved revision of coking coal prices 14 January 2017. The increase in price is done by subsuming the washery recovery charge (WRC) which was being charged separately in the case of non-linked washery grade coking coal keeping in view the observation of ADRM. Due to this revision, Coal India (CIL) will earn approximately additional revenue of Rs 89.98 crore for the balance period of financial year 2016-2017, i.e. from 13 January 2017 to 31 March 2017 and additional revenue of Rs 222 crore for financial year 2017-2018 subject to achievement of production and dispatch target norms. The announcement was made on Saturday, 14 January 2017.

Shares of auto and public sector oil marketing companies (PSU OMCs) will be watched. PSU OMCs hiked petrol prices by Rs 0.42 a litre (excluding State levies) on Sunday, 15 January 2017 and diesel rate by Rs 1.03 a litre (excluding State levies).

DCB Banks net profit rose 24.5% to Rs 51.30 crore on 28.8% increase in operating income to Rs 614.31 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 14 January 2017.

NBCC (India) has fixed 21 February 2017 as the record date for 1:2 bonus issue of shares. The announcement was made after trading hours on Friday, 13 January 2017.

Pokarna said that its wholly owned subsidiary, Pokarna Engineered Stone (PESL), plans to expand quartz surfaces production capacity by 130% with investment of Rs 325 crore in a greenfield facility. This investment is expected to be completed by June 2018 and PESL would finance this project through a combination of free cash flow/internal accruals (Rs 75 crores) and loan facilities (Rs 250 crore); PESL is in receipt of financial sanction from its lead banker, for the term loan of Rs 250 crore, for funding the project. Further Pokarnas board has approved extending corporate guarantee for the loan facilities to he extended to PESL. The announcement was made after trading hours on Friday, 13 January 2017.

Hind Rectifiers said that its board approved raising upto Rs 12 crore by issuing equity shares to the existing shareholders of the company on a rights basis. The announcement was made on Sunday, 15 January 2017.

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Board of Linaks Microelectronics to consider December quarter results
Jan 14,2017

Linaks Microelectronics announced that the Board of Directors meeting will be held on 27 January 2017 for considering unaudited financial results for the quarter ended 31 December 2016.

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Board of Inditalia Refcon to discuss revocation of suspension of trading on BSE
Jan 14,2017

Inditalia Refcon announced that the Board Meeting of the Company for discussion of the terms for revocation of suspension of Inditalia Refcon from trading on BSE shall be held on 16 January 2017.

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G G Dandekar Machine Works to announce December quarter results
Jan 14,2017

G G Dandekar Machine Works announced that a meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and take on record, Un-Audited Financial Results for the quarter ended on 31 December 2016.

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Bajaj Finance allots NCDs aggregating Rs 77 crore
Jan 14,2017

Bajaj Finance has allotted 770 secured redeemable non-convertible debentures of Rs 10 lakh each aggregating Rs 77 crore on private placement basis on 13 January 2017.

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Bombay Burmah Trading Corporation announces resignation of director
Jan 14,2017

Bombay Burmah Trading Corporation announced that Dr. Sheela Bhide, Non- Executive Independent Director of the Corporation has, vide her letter dated 31 December 2016, resigned as Director with immediate effect, on account of her other work commitments.

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A.K.Capital Services invests Rs 49.94 lakh in Singapore subsidiary
Jan 14,2017

A.K.Capital Services announced that the Company has applied for 90,892 Equity Shares of A. K. Capital (Singapore), a Wholly Owned Subsidiary (WOS) of the Company and for the said purpose the Company has remitted an amount of Rs. 49,93,197.47/- (Conversion at Rs.47.77 per SGD) i.e. equivalent to SGD 1,04,525.80 @ of SGD 1.15/-per Equity Share on 12 January 2017 in order to fund the foreign corporate activities of the said WOS.

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Jaiprakash Associates announces appointment of nominee director
Jan 14,2017

Jaiprakash Associates announced that the Company has received a communication on 13 January 2017 from State Bank of India revising the effective date of appointment of Shailesh Verma as its Nominee Director on the Board of the Company from 07 December 2016 to 26 December 2016, as Shailesh Verma did not have the DIN as on 07 December 2016 as required under the Companies Act, 2013.

Accordingly, Shailesh Verma is nominated by State Bank of India as Director on Board of the Company w.e.f. 26 December 2016.

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Yes Bank gets reaffirmation of long term rating
Jan 14,2017

Yes Bank announced that Moodys Investor Service has reaffirmed its Long Term Rating on Yes Bank at Baa3 / P-3 with Stable outlook (unchanged). Moodys has consistently maintained a rating of Baa3/ P-3 with Stable outlook since it initiated coverage on Yes Bank in November 2010.

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Coal India announces revision in prices of coking coal by Bharat Coking Coal (subsidiary)
Jan 14,2017

The Board of Directors of Bharat Coking Coal, a subsidiary of Coal India has approved revision of coking coal prices with effect from 13 January 2017 approximately 20% increase over the current price while the price of steel grade coal and direct feed coal has been linked to price of washed coking coal which has been fixed on import parity price. The increase has been done by subsuming the washery recovery charge (WRC) which was being charged separately, keeping in view the observation of ADRM. Due to this revision, Coal India will earn approximately additional revenue of Rs 702 crore for the balance period of financial year 2016-17 i.e from 13 January 2017 to 31 March 2017 and additional revenue of Rs 2986 crore for financial year 2017-18 on achieving the targeted production and dispatch programme.

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Cholamandalam Investment & Finance Company allots 532 equity shares
Jan 14,2017

Cholamandalam Investment & Finance Company announced that the Nomination and Remuneration Committee has approved an allotment of 532 equity shares of Rs. 10/- each to the option grantee who has exercised his option.

The Company will be applying for the final listing of the above shares on NSE and BSE to complete the rest of the issue formalities.

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Bank of Baroda announces change in directorate
Jan 14,2017

Bank of Baroda announced the appointment of Ajay Kumar as Director vice Surekha Marandi (Existing Director on the Board of the Bank of Baroda representing Reserve Bank of India) with immediate effect.

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Ind-Swift appoints director
Jan 14,2017

Ind-Swift has appointed Subhash Chander Galhotra as an Independent Director of the Company.

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Rajapalayam Mills gets ratings upgrade
Jan 14,2017

Rajapalayam Mills has received an upgrade in the Long Term Rating from BBB+(Stable) to A-(Stable) and Short Term Rating from A2 to A2+ from CRISIL.

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