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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Sasken Communication Technologies to consider price and record date for buyback of shares
Dec 20,2016

Sasken Communication Technologies announced that a meeting of the Buy-back Committee of the Board of Directors of the Company will be held on 23 December 2016, inter alia, to finalize the price at which the shares will be bought back and to fix the Record Date to ascertain the shareholders who are eligible to participate in the buy-back.

The outcome of the postal ballot / e-voting being conducted seeking shareholders approval will also be announced on 23 December 2016.

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Board of Welplace Portfolio & Financial Consultancy Services to consider preferential allotment of shares
Dec 20,2016

Welplace Portfolio & Financial Consultancy Services announced that pursuant to a special resolution passed by the equity shareholders of the Company at their Extra Ordinary General Meeting held on 07 December 2016, the meeting of the Board of Directors of the Company will be held on 22 December 2016, inter alia, for issue and allotment of Equity Shares on preferential allotment basis for consideration other than cash and for cash, to the proposed allottees whose names are given in the notice of the Extra Ordinary General Meeting dated 07 November 2016.

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ITC allots equity shares
Dec 20,2016

ITC announced that the Company on 20 December 2016 issued and allotted 19,77,220 Ordinary Shares of Rs. 1/- each, upon exercise of 1,97,722 Options by Optionees under the Companys Employee Stock Option Schemes.

Consequently, with effect from December 20, 2016, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1212,13,61,981/- divided into 1212,13,61,981 Ordinary Shares of Rs. 1/- each.

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Mallcom (India) gets ratings for bank facility
Dec 20,2016

Mallcom (India) has received credit rating for the banking facility of the Company by India Rating and Research -

Long term issuer (Rs 75 crore) - IND BBB- (with Stable outlook)
Fund based working capital limit (Rs 75 crore) - IND A3
Non-fund based working capital limit (Rs 40 lakh) - IND A3.

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Federal Bank allots equity shares
Dec 20,2016

Federal Bank announced that as authorized by the Nomination, Remuneration, Ethics and Compensation Committee, allotment of 4,90,980 (Four lakh ninety thousand nine hundred and eighty only) Equity Shares with face value of Rs. 2/- each of the Bank to the Option Grantees has been made upon exercise of stock options under ESOS 2010 Scheme for which allottees have paid money.

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Godrej Consumer Products hikes stake in Charm Industries
Dec 20,2016

Godrej Consumer Products announced that the Company through its subsidiary, has increased its stake from 51% to 100% in Charm Industries.

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Mid East Portfolio Management appoints director
Dec 20,2016

Mid East Portfolio Management announced that the Board of Directors of the Company have appointed Sharad Laxman Kulkarni as a Director of the Company w.e.f. 16 December 2016.

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IIFL Holdings allots equity shares
Dec 20,2016

IIFL Holdings announced that the Nomination and Remuneration Committee of the Board of Directors of the Company by way of circular resolution(s) allotted 1,37,000 equity shares to the employees of the Company / Subsidiaries upon exercise of stock options under Employee Stock Option Schemes.

Upon allotment, the equity base of the Company stand increased from equity shares 31,74,50,854 to 31,75,87,853 equity shares of Rs. 2/- each.

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Tourism Finance Corporation of India announces resignation of director
Dec 20,2016

Tourism Finance Corporation of India announced that Malay Mukherjee, Non-Executive Chairman of the Board has resigned from the Board of Directors of the Company with effect from 12 December 2016.

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Bharti Airtel to acquire Orascoms stake in MENA-SCS
Dec 20,2016

Bharti Airtel announced that its subsidiary, Network i2i, has entered into a definitive agreement with Orascom Telecom Media and Technology Holding S.A.E (Orascom) to acquire Orascoms entire equity stake in Middle East North Africa Company Submarine Cable Systems S.A.E (MENA-SCS). The acquisition is subject to requisite regulatory approvals.

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Halder Venture appoints directors
Dec 20,2016

The Board of Directors of Halder Venture at its meeting held on 20 December 2016 approved the appointment of Niladri Sekhar Roy and Pronoy Bhattacharya as Additional Independent Directors of the Company.

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Board of Sharanam Infraproject & Trading approves change in company secretary
Dec 20,2016

Sharanam Infraproject & Trading announced that the Board of Directors of the Company at its meeting held on 20 December 2016 approved the following -

Acceptance of resignation of Dhanesh Shah from post of Company Secretary cum Compliance officer of the Company.

Appoint Rohitkumar Parikh as Compliance Officer of the Company.

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Board of Hind Securities & Credit approves change in registered office
Dec 20,2016

Hind Securities & Credit announced that the Board of Directors of the company at its meeting held on 20 December 2016 approved change in registered office to D-16, Ground Floor, Udyog Nagar, Nangloi, Delhi - 110041 with immediate effect.

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Board of Tata Sponge Iron to consider December quarter results
Dec 20,2016

Tata Sponge Iron announced that the Board of Directors of the Company will meet on 24 January 2017, inter alia, to consider and approve the audited financial results for three and nine months ending 31 December 2016.

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Board of IDream Film Infrastructure Company appoints company secretary
Dec 20,2016

IDream Film Infrastructure Company announced that at the meeting of the Board of Directors of the Company held on 20 December 2016, the Board of Directors, inter alia, approved the appointment of Bhavini Raval an Associate member of the Institute of Company Secretaries of India as the Company Secretary and Compliance Officer of the Company pursuant to the Regulation 6(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, w.e.f. 20 December 2016.

Further pursuant to the said appointment, the Compliance officer of the Company would change from Santosh Apraj to Bhavini Raval w.e.f. 20 December 2016.

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