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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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Board of Safari Industries (India) approves sub-division of shares
May 23,2017

Safari Industries (India) announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, has transacted the following:

1. Recommended dividend of Rs. 2/- (20%) per equity share of Rs. 10/- each for the financial year 2016-17. The said dividend is subject to the approval of the Members of the Company at the ensuing Annual General Meeting. The Dividend, if approved, by the Members of the Company, will be paid on or before 30 September 2017.

2. Sub-division of existing shares of Rs.10/- each to Rs. 2/- each, subject to the approval of the Members of the Company w.e.f. a record date fixed by the Board/ Committee in this regards.

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Board of J B Chemicals & Pharmaceuticals approves buy back of shares
May 23,2017

The Board of Directors of J B Chemicals & Pharmaceuticals at its meeting held on 23 May 2017 has approved the Buy-back of up to 12,50,000 fully paid up Equity Shares of face value of Rs. 2/- each by the Company (representing 1.47% of the total paid up Equity Share capital of the Company) at a price of Rs. 400/- (Rupees four hundred) per Equity Share payable in cash for a total consideration not exceeding Rs. 50/- crores (Rupees fifty crores only) (excluding transaction costs such as fees, brokerage, taxes, duties, etc), which is not exceeding 10% of the total paid-up Equity Share capital and free reserves (including securities premium account) as per the audited financial statement of the Company for the financial year ended on 31 March 2017, through the Tender Offer route as prescribed under the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 as amended, on a proportionate basis, from the Equity Shareholders/beneficial owners of the Equity Shares of the Company including promoters, members of promoter group and persons acting in concert, as on the record date.

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Jubilant Life Sciences to pay dividend
May 23,2017

Jubilant Life Sciences announced that dividend, if approved by the shareholders at the ensuing Annual General Meeting of the Company, will be paid / dispatched on or before 27 September 2017.

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Board of Shailja Commercial Trade Frenzy approves sub-division of shares
May 23,2017

Shailja Commercial Trade Frenzy announced that the Board of Directors of the Company at their meeting held on 23 May 2017, inter alia, has considered and approved the following:

- Splitting of the Face Value of Equity Shares from Rs. 10 to Re 1.

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Goodricke Group to pay dividend
May 23,2017

Goodricke Group announced that dividend, if approved by the shareholders shall be paid on or after 04 August 2017.

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Govt. of India launches Energy Efficient Buildings Programme EESL to invest Rs 1,000 crore by 2020 under buildings programme
May 23,2017

Shri Piyush Goyal, Minister of State (I/C) for Power, New & Renewable Energy, Coal and Mines, Govt. of India launched the Energy Efficient Buildings programme in a function jointly organized by FICCI and EESL. The scheme will be implemented by Energy Efficiency Services Limited (EESL), a JV under the administration of Ministry of Power, Government of India. EESL also signed a MoU with PWD Maharashtra to retrofit 1500 buildings under PWD in Maharashtra with energy efficient appliances.

Under the Energy Efficient Buildings programme EESL intends to bring investment to the tune of Rs 1000 crore covering more than 10,000 large government/private buildings in next 2-3 years. It is estimated that about 1 crore LED lights, 15 lakh energy efficient ceiling fans and 1.5 lakh energy efficient ACs will be retrofitted by EESL in these buildings. Apart from retrofitting, EESL also aims to widen its services in areas like centralized AC system, Energy Audits and New Generation Energy Management System in buildings.

Shri Piyush Goyal said, n++The National Buildings Energy Efficiency programme has the potential to reduce not only cost and energy consumption but significantly contribute to management of peak demand. There is no dearth of opportunities in energy efficiency and the Buildings programme is one such opportunity we should not let go. Maharashtra is a leader in managing the states power demand. We are confident that their ingenuity along with EESLs capability will exceed the project savings. The National Building Dashboard is also an effective tool to not only measure savings real-time but demonstrate the transparency in implementation of projects.n++

He added, that n++Today, India is coal surplus, power surplus and with the National Buildings Energy Efficiency programme, Maharashtra will lead the country in demand side management. No other state has taken up such a grand initiative to make buildings energy efficient.n++

Shri Chandrakant Dada Patil, who also chaired the event, said, n++All government buildings should be green buildings. We are very proud to be associated with EESL for retrofitting energy efficient appliances in 1500 buildings across the state. This is just the beginning and we will move to installing solar roof-top panels in these buildings.n++

The Energy Efficient Buildings Programme has two business models. The ESCO (Energy Servicing Company) model, where the entire upfront investment is done by EESL which is paid back by the building owner from the energy saving resulted by the intervention. The other model is PMC (Project management consultancy), where onetime payment cost of services is paid to EESL who then support the complete project implementation.

Mr. Jaspal Bindra, Chairman FICCI, Maharashtra State Council said, n++Not only is bringing in energy efficiency critical for the Power sector as a whole, but it contributes a long way towards meeting Indias climate change obligations, improving the financial health of end user entities, particularly electricity distribution companies.n++

Mr. Saurabh Kumar, Managing Director, EESL said, n++This is a momentous day for EESL where we are expanding our energy efficiency initiative to cover buildings. We have already started retrofitting numerous government buildings as a pilot to the programme. Through this programme we want to bring in uniformity and obviate the need for state/central governments to allocate capital expenditure for building upgrade. The money saved from this intervention can be used for social welfare. It has been established that energy efficiency is good for all and it is essential for manufacturing unit, large facilities and buildings where we can save energy in huge numbers.n++

The EESL agreement with PWD of Government of Maharashtra will attract an investment of about Rs 325 crore and is expected to complete between 2017-2019. EESL under this intervention will replace about 7,000 energy efficient ACs, 11 lakh LED lights and 6 lakh energy efficient ceiling fans, 14,000 streetlights which will lead to an energy savings of 100 MU, a 39 percent reduction in energy savings through retrofitting.

Shri SP Garnaik, Chief General Manager (Tech), EESL said, n++The launch of the Energy Efficient Building Programme is very timely as people around the world have realized that energy efficiency is the need of the hour. In India, the building sector accounts for approximately 30-35 percent of the total energy consumption and is growing at a rate of 8% annually therefore a big push is needed in this direction.n++

EESL is also looking at similar intervention in Odisha, Himachal Pradesh, Gujarat and Andhra Pradesh to retrofit energy efficient appliances in 2000 more buildings. EESL will further widen its activities in corporate buildings, government/private establishments, PSUs etc. Apart from projects in government buildings in about 10 states, works have been initiated in 868 railway stations by EESL to replace existing inefficient lighting, ACs and ceiling fans.

EESL has recently retrofitted energy efficient appliances in NITI Aayog, Nirman Bhawan, Sardar Patel Bhawan, Shastri Bhawan, J&K Assembly, Jammu Secretariat, Vidyut Bhawan, Rajiv Chowk Metro station etc. where LED lights, BEE rated 5-star ACs and ceiling fans etc have been retrofitted. EESL has so far installed about 94,000 LED lights, 3000 energy efficient ACs and over 400 energy efficient ceiling fans in these buildings.

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Australia Stocks fall on weaker banks, miners
May 23,2017

Australian equity market closed session down on Tuesday, 23 May 2017, as losses in shares of financials and iron miners were more than offset by gains in healthcare and consumer stocks. The benchmark index ended down 11 points, or 0.2%, at 5760.20.

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China Stocks fall as regulatory concerns linger
May 23,2017

The Mainland China equity market closed down for second straight session on Tuesday, 23 May 2017, due to lingering concerns over policy tightening steps. The Shanghai Composite Index lost 0.4% to 3,061.95 points. The blue-chip CSI300 index rose 0.4%, to 3,424.19 points.

Over the past two months investors have been grappling with a regulatory crackdown on risky lending practices and a shift toward more tighter policy as Beijing stepped up measures to defuse financial risks. An advisor with the Peoples Bank of China (PBOC) said the central bank will continue to implement reasonable adjustments to monetary policy. The China Insurance Regulatory Commission said it will prioritize risk control and further enhance supervision of insurance companies.

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Hong Kong Stocks edge up
May 23,2017

The Hong Kong stock market finished session slight higher on Tuesday, 23 May 2017, buoyed by positive lead from Wall Street overnight and strong money flows from mainland China via two cross-border investment schemes. Data from brokerage Jefferies Hong Kong showed Chinese investors spent net HK$12 billion ($1.54 billion) buying Hong Kong stocks last week via the Shenzhen-Hong Kong Stock Connect, marking the biggest inflow so far this year, and the 22nd week of net buying. The Hang Seng Index ended up 11 points to 25,403. The H-share index also rose 20 points to 10,395. Turnover increased to HK$84.8 billion from HK$81.85 billion on Monday.

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TRF reports consolidated net profit of Rs 7.83 crore in the March 2017 quarter
May 23,2017

Net profit of TRF reported to Rs 7.83 crore in the quarter ended March 2017 as against net loss of Rs 2.87 crore during the previous quarter ended March 2016. Sales declined 23.11% to Rs 297.69 crore in the quarter ended March 2017 as against Rs 387.14 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 24.10 crore in the year ended March 2017 as against net loss of Rs 40.94 crore during the previous year ended March 2016. Sales declined 0.43% to Rs 965.06 crore in the year ended March 2017 as against Rs 969.24 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales297.69387.14 -23 965.06969.24 0 OPM %0.712.90 -0.501.60 - PBDT-4.661.16 PL -38.69-28.89 -34 PBT-7.04-1.30 -442 -48.08-38.54 -25 NP7.83-2.87 LP -24.10-40.94 41

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Bambino Agro Industries reports standalone net loss of Rs 1.55 crore in the March 2017 quarter
May 23,2017

Net loss of Bambino Agro Industries reported to Rs 1.55 crore in the quarter ended March 2017 as against net profit of Rs 0.72 crore during the previous quarter ended March 2016. Sales declined 43.58% to Rs 34.23 crore in the quarter ended March 2017 as against Rs 60.67 crore during the previous quarter ended March 2016.

For the full year,net profit declined 47.20% to Rs 3.39 crore in the year ended March 2017 as against Rs 6.42 crore during the previous year ended March 2016. Sales declined 22.94% to Rs 207.92 crore in the year ended March 2017 as against Rs 269.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales34.2360.67 -44 207.92269.81 -23 OPM %0.357.17 -7.958.79 - PBDT-1.631.33 PL 7.8011.95 -35 PBT-2.320.76 PL 5.059.36 -46 NP-1.550.72 PL 3.396.42 -47

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K G Denim standalone net profit declines 95.46% in the March 2017 quarter
May 23,2017

Net profit of K G Denim declined 95.46% to Rs 0.34 crore in the quarter ended March 2017 as against Rs 7.49 crore during the previous quarter ended March 2016. Sales declined 6.77% to Rs 140.43 crore in the quarter ended March 2017 as against Rs 150.62 crore during the previous quarter ended March 2016.

For the full year,net profit rose 14.49% to Rs 24.18 crore in the year ended March 2017 as against Rs 21.12 crore during the previous year ended March 2016. Sales declined 4.86% to Rs 612.71 crore in the year ended March 2017 as against Rs 644.04 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales140.43150.62 -7 612.71644.04 -5 OPM %7.9417.28 -12.2112.76 - PBDT8.8120.98 -58 52.5755.86 -6 PBT5.2013.90 -63 38.7935.38 10 NP0.347.49 -95 24.1821.12 14

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Aarti Drugs standalone net profit rises 19.58% in the March 2017 quarter
May 23,2017

Net profit of Aarti Drugs rose 19.58% to Rs 20.46 crore in the quarter ended March 2017 as against Rs 17.11 crore during the previous quarter ended March 2016. Sales declined 9.21% to Rs 269.61 crore in the quarter ended March 2017 as against Rs 296.95 crore during the previous quarter ended March 2016.

For the full year,net profit rose 11.99% to Rs 74.24 crore in the year ended March 2017 as against Rs 66.29 crore during the previous year ended March 2016. Sales rose 1.68% to Rs 1088.72 crore in the year ended March 2017 as against Rs 1070.74 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales269.61296.95 -9 1088.721070.74 2 OPM %17.0114.73 -16.3216.04 - PBDT37.7632.48 16 143.23128.42 12 PBT29.0623.41 24 106.5492.84 15 NP20.4617.11 20 74.2466.29 12

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Sequent Scientific reports standalone net profit of Rs 3.23 crore in the March 2017 quarter
May 23,2017

Net profit of Sequent Scientific reported to Rs 3.23 crore in the quarter ended March 2017 as against net loss of Rs 0.32 crore during the previous quarter ended March 2016. Sales rose 8.21% to Rs 98.49 crore in the quarter ended March 2017 as against Rs 91.02 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.01 crore in the year ended March 2017 as against net profit of Rs 10.39 crore during the previous year ended March 2016. Sales declined 4.10% to Rs 378.40 crore in the year ended March 2017 as against Rs 394.59 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales98.4991.02 8 378.40394.59 -4 OPM %5.418.19 -3.559.00 - PBDT10.307.84 31 25.1634.64 -27 PBT3.23-0.25 LP -0.0110.46 PL NP3.23-0.32 LP -0.0110.39 PL

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Advani Hotels & Resorts (India) standalone net profit declines 4.02% in the March 2017 quarter
May 23,2017

Net profit of Advani Hotels & Resorts (India) declined 4.02% to Rs 4.06 crore in the quarter ended March 2017 as against Rs 4.23 crore during the previous quarter ended March 2016. Sales rose 4.84% to Rs 17.97 crore in the quarter ended March 2017 as against Rs 17.14 crore during the previous quarter ended March 2016.

For the full year,net profit rose 37.34% to Rs 8.79 crore in the year ended March 2017 as against Rs 6.40 crore during the previous year ended March 2016. Sales rose 12.32% to Rs 59.64 crore in the year ended March 2017 as against Rs 53.10 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales17.9717.14 5 59.6453.10 12 OPM %37.4542.36 -28.7925.52 - PBDT7.157.21 -1 18.0513.43 34 PBT6.216.22 0 14.369.38 53 NP4.064.23 -4 8.796.40 37

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