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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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Choice International allots 1 crore equity shares
May 30,2017

Choice International has allotted 1,00,00,000 Equity Shares of Face Value of Rs 10/- each pursuant to conversion of Warrants on 30 May 2017.

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Corporation Bank gets reaffirmation in credit ratings
May 30,2017

Corporation Bank has received revision in credit ratings from India Ratings and Research as under -

Long term issuer ratings - IND AA / Stable (Affirmed)
Basel III Tier 2 Bonds (Rs 500 crore) - IND AA / Stable (Affirmed)
Base III Tier I Bonds (Rs 1000 crore) - IND A+ ? Negative (Affirmed)

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Pricol to pay dividend
May 30,2017

Pricol announced that dividend, if approved will be paid before 30 August 2017.

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Board of Sarthak Global does not recommend dividend
May 30,2017

The Board of Directors of Sarthak Global at its meeting held on 30 May 2017, interalia, considered the following -

The Board has not recommended any dividend on Equity Shares of the Company.

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Outcome of board meeting of Wanbury
May 30,2017

Wanbury announced that the Board of Directors of the company at its meeting held on 30 May 2017 approved the following -

a)Issue and grant of 1,00,000 Stock Options as per Wanbury Limited Employee Stock Option Plan 2016 (WANBURY ESOP 2016) each to Vinod Verma, Chief Financial Officer and Prashant Menon, Director, Formulation Business of the Company.

b)Appointment of Poonam Arya Bharti as an Additional Independent Non-executive Woman Director.

c)Appointment of Divakar Kaza as an Additional Independent Non-executive Director.

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Board of Shree Nidhi Trading Company does not recommend dividend
May 30,2017

Shree Nidhi Trading Company announced that the Board of directors of the Company at its meeting held on 30 May 2017 have not recommended dividend for FY 2017.

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Solid Containers appoints company secretary
May 30,2017

Solid Containers has appointed Mehul Pitroda, as Company Secretary and Compliance Officer of the Company w.e.f. 1 June 2017.

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Outcome of board meeting of Lime Chemicals
May 30,2017

Lime Chemicals announced that the Board of Directors of the Company at its meeting held on 30 May 2017 approved the following -

The Company was registered under the provisions of Sick Industrial Companies Act with Board of Industrial & Financial Reconstruction. The said Act was repealed with effect from 01 December 2016 and the Company has the option to apply to National Company Law Tribunal within 180 days from the repeal of SICA. The Board resolved not to apply to NCLT.

The Board approved the issue of 8 lakh equity shares and 24.25 lakh convertible warrants to promoters and non promoters in order to meet the working capital requirements and debt repayment.

Resolved to shift registered office to the corporate office situated at Neco Chambers, 4th floor, Rajiv Gandhi Road, Sector-11, Plot No. 48, C B D Belapur, Navi Mumbai.

Appointment of Firoj Ladhani as CFO with effect from 30 May 2017.

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Outcome of board meeting of Virtual Global Education
May 30,2017

Virtual Global Education announced that the Board of Directors of the Company at its meeting held on 30 May 2017 transacted the following -

Accepted resignation of Dr Rahul Mishra from post of Non Executive Independent Director of the Company.

Approved franchisee agreement between Virtual Global Education and Vishal Institute of Hotel & Tourism Industry, India.

Reviewed various business plans in difference states and business plan for the year 2017-18.

Appointment of Amit Srivastav as Global CEO of the Company.

Reviewed the PR agency activities for scaling up the business.

Launched Virtual Rozgar App for online skilling and employability.

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Venlon Enterprises appoints director
May 30,2017

Venlon Enterprises has appointed K V Chitalia as an Additional Director with effect from 30 May 2017.

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Production of horticulture crops in the country during 2016-17 is estimated to be more than 295 million tonnes
May 30,2017

The Department of Agriculture, Cooperation and Farmers Welfare has released the Second Advance Estimates of Area and Production of Horticulture Crops for 2016-17. These estimates are based on the information received from different State/UTs in the country.

                        The following table summarizes the Second Advance Estimates of area and Production of horticulture crops for the year 2016-17 along with First Advance Estimates for      2016-17 and Final Estimates for 2015-16:

(Area in G000 Ha, Production in G000MT)

Total Horticulture2016-17

(Second Advance Estimate)

2016-17 (First Advance Estimate)2015-16 (Final)% change of 2016-17 (Second Adv.  Est.) with respect to:2016-17

(First Adv. Est.)

2015-16

(Final Est.)

Area2492524369244722.31.9Production2951642873232861882.73.1

Highlights of the Second Advance Estimates for 2016-17: The production of horticulture crops in the country during 2016-17 is estimated to be more than 295 million tonnes which is 3.2 % higher as compared to the previous years 2015-16 estimates.The area under horticulture crops has increased from 245 lakh ha to 249 lakh ha in 2016-17 recording an increase of 1.9% over previous year.Fruits production during the current year is estimated to be 93 million tonnes which is 2.9% higher than the previous year.Production of vegetables is estimated to be around 175 million tonnes which is 3.5% higher than the previous year.With 21.6 million tonnes estimated onion production in the country, there is an increase of 3% over the previous year. The major onion producing States are Maharashtra, Karnataka, Madhya Pradesh, Bihar and Gujarat. Potato production in the country has increased from 43.4 million tonnes to 46.5 million tonnes in the current year which is 7.2% higher than the previous year. Major Potato growing States are Uttar Pradesh, West Bengal, Bihar, Gujarat, Madhya Pradesh and Punjab. During the current year tomato production is estimated to be around 19.7 million tonnes which is 5.1% higher than the previous year. The major tomato growing States are Madhya Pradesh, Andhra Pradesh, Karnataka, Odisha and Gujarat etc. Production of flowers is estimated to be around 2.2 million tonnes which is 2.9% higher than the previous year.Production of Aromatics & MedicinalPlants is estimated to be around 1.03 million tonnes which is marginally higher by 0.8% than the previous year.During the current year the production of Plantation crops is estimated to be around 17 million tonnes which is 1.3% higher than the previous year.Production of spices is estimated to be around 7.1 million tonnes which is 1.3% higher than the previous year.

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Maximaa Systems reports consolidated net loss of Rs 0.15 crore in the March 2017 quarter
May 30,2017

Net loss of Maximaa Systems reported to Rs 0.15 crore in the quarter ended March 2017 as against net profit of Rs 0.18 crore during the previous quarter ended March 2016. Sales declined 69.69% to Rs 2.84 crore in the quarter ended March 2017 as against Rs 9.37 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.21 crore in the year ended March 2017 as against net profit of Rs 0.03 crore during the previous year ended March 2016. Sales declined 32.66% to Rs 13.09 crore in the year ended March 2017 as against Rs 19.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.849.37 -70 13.0919.44 -33 OPM %-0.35-14.30 --10.92-4.01 - PBDT-0.030.36 PL -1.500.14 PL PBT-0.150.17 PL -2.21-0.68 -225 NP-0.150.18 PL -2.210.03 PL

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Austin Engineering Company reports consolidated net profit of Rs 0.09 crore in the March 2017 quarter
May 30,2017

Net profit of Austin Engineering Company reported to Rs 0.09 crore in the quarter ended March 2017 as against net loss of Rs 0.38 crore during the previous quarter ended March 2016. Sales rose 10.32% to Rs 18.82 crore in the quarter ended March 2017 as against Rs 17.06 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3.00 crore in the year ended March 2017 as against net loss of Rs 1.58 crore during the previous year ended March 2016. Sales rose 0.83% to Rs 71.50 crore in the year ended March 2017 as against Rs 70.91 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales18.8217.06 10 71.5070.91 1 OPM %2.66-5.69 --2.29-1.62 - PBDT0.29-0.32 LP -2.16-0.59 -266 PBT-0.01-0.63 98 -3.32-1.90 -75 NP0.09-0.38 LP -3.00-1.58 -90

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Berger Paints India consolidated net profit rises 14.67% in the March 2017 quarter
May 30,2017

Net profit of Berger Paints India rose 14.67% to Rs 105.50 crore in the quarter ended March 2017 as against Rs 92.00 crore during the previous quarter ended March 2016. Sales rose 8.21% to Rs 1112.90 crore in the quarter ended March 2017 as against Rs 1028.46 crore during the previous quarter ended March 2016.

For the full year,net profit rose 27.82% to Rs 473.66 crore in the year ended March 2017 as against Rs 370.56 crore during the previous year ended March 2016. Sales rose 7.79% to Rs 4552.25 crore in the year ended March 2017 as against Rs 4223.10 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1112.901028.46 8 4552.254223.10 8 OPM %14.4815.14 -15.7815.27 - PBDT177.64163.74 8 766.93657.83 17 PBT150.11139.36 8 658.88559.18 18 NP105.5092.00 15 473.66370.56 28

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Mandhana Retail Ventures reports standalone net loss of Rs 6.45 crore in the March 2017 quarter
May 30,2017

Net loss of Mandhana Retail Ventures reported to Rs 6.45 crore in the quarter ended March 2017 as against net profit of Rs 4.20 crore during the previous quarter ended March 2016. Sales declined 36.15% to Rs 35.75 crore in the quarter ended March 2017 as against Rs 55.99 crore during the previous quarter ended March 2016.

For the full year,net profit declined 6.54% to Rs 20.02 crore in the year ended March 2017 as against Rs 21.42 crore during the previous year ended March 2016. Sales rose 0.19% to Rs 216.18 crore in the year ended March 2017 as against Rs 215.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales35.7555.99 -36 216.18215.76 0 OPM %-13.1214.29 -18.1018.06 - PBDT-7.647.26 PL 35.4635.76 -1 PBT-8.426.44 PL 32.0632.77 -2 NP-6.454.20 PL 20.0221.42 -7

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