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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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Board of Jiya Eco-Products approves increase in authorised share capital
Apr 27,2017

Jiya Eco-Products announced that the Board of Directors of the Company at its meeting held on 27 April 2017 approved the following -

Increase in Authorised Share Capital from Rs 12 crore to Rs 15 crore dividend into 150,00,000 equity shares of Rs 10 each.

Raise equity shares capital through further public issue, rights issue, preferential issue or any other means not exceeding Rs 25 crore in aggregate including share premium.

To hold EGM on 25 May 2017.

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Jubilant Life Sciences issues commercial paper aggregating Rs 75 crore
Apr 27,2017

Jubilant Life Sciences announced that the Company has issued commercial paper of Rs 75 crore on 27 April 2017.

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Board of Indraprastha Gas approves increase in FIIs/ FPIs shareholding limits
Apr 27,2017

Indraprastha Gas at its board meeting held on 27 April 2017 has approved increase in foreign institutional investors (FIIs) / foreign portfolio investors (FPIs) shareholding limits in the Company from 24% of paid up equity share capital to 30% of the paid up share capital of the Company, subject to approval of shareholders and other regulatory approval as may be required.

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Capital First makes strategic investment in Sienna Systems Resources
Apr 27,2017

Capital First announced that as a part of the Strategic Investment, the Company has entered into an Investment Agreement on 26 April 2017 with Sienna Systems Resources (Sienna) and the Promoter of Sienna to acquire Equity Shares comprising approximately 8% of the Share Capital of Sienna and Equity Share Warrants comprising approximately 2% of the Share Capital of the Sienna.

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DCB Bank announces closure of QIP issue
Apr 27,2017

DCB Bank announced that the Capital Raising Committee of the Bank (the Committee) at its meeting held on 27 April 2017, has, inter alia, passed the following resolutions: a. Approved the closure of the QIP on 27 April 2017; b. Approved the issue price of Rs 174 per Equity Share (including premium of Rs 164 per Equity Share) for the issuance and allocation of 21,770,000 Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP; and c. Approved and adopted the placement document dated 27 April 2017, in connection with the QIP.

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Emmsons International appoints director
Apr 27,2017

Emmsons International announced the appointment of Subhash Chander as Independent Director in the board meeting held on 27 April 2017.

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Prism Cement receives LoI for mining lease from Madhya Pradesh Government
Apr 27,2017

Prism Cement has received Letter of Intent from Madhya Pradesh Government for allotment of cement grade limestone Mining Lease for 50 years in Villages Chulhi and Majhiyar, District Satna, Madhya Pradesh, with about 23.6 million tons of reserves, subject to completion of formalities,. The application for this Mining Lease was made under the earlier regulations and was under processing by the State Government. The Mining Lease would be captive to the cement plants of the Company at Satna, Madhya Pradesh.

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Board of Jindal Stainless approves issue of NCDs up to Rs 600 crore
Apr 27,2017

Jindal Stainless announced that the Board of Directors of the Company at its meeting held on 27 April 2017 approved the proposal for issuance of non-convertible debentures by the Company for an aggregate amount of up to Rs 600 crore in one or more tranches on private placement basis subject to approval of shareholders.

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Prashant India announces resignation of director
Apr 27,2017

Prashant India announced that Poonam N Khandelwal, director of the company resigned from the Board with effect from 26 April 2017.

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Board of Kokuyo Camlin does not recommend dividend
Apr 27,2017

The Board of Directors of Kokuyo Camlin at its meeting held on 27 April 2017 has not recommended dividend on equity shares.

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Board of Aries Agro appoints MD
Apr 27,2017

The Board of Directors of Aries Agro at its meeting held on 27 April 2017 approved the appointment of Dr. Rahul Mirchandani as Managing Director of the Company i.e. Aries Agro with effect from 4 April 2017.

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Cosmo Films launches low noise tape film
Apr 27,2017

Cosmo Films announced the launch of a low noise tape film, used in making of low noise tapes. The BOPP based low noise tape film with a proprietary release surface treatment enables easy releaseand generates low noise on unwinding.

This feature becomes extremely significant in industrial settings where multiple packing lines work in tandem and auto dispensing machinesare installed and packing.

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Ashok Leyland receives approval order from NCLT for scheme of amalgamation
Apr 27,2017

Ashok Leyland announced that the National Company Law Tribunal (NCLT), Chennai vide their Order dated 24 April 2017, have approved the scheme of Amalgamation of Hinduja Foundries (Transferor) with Ashok Leyland (Transferee), which was received by the Company on 27 April 2017. The Scheme with Appointed Date of 01 October 2016 will be effective upon filing the Certified True Copy of the Order with the Registrar of Companies, Chennai.

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Board of Banco Products (India) appoints MD
Apr 27,2017

The Board of Directors of Banco Products (India) at its meeting held on 27 April 2017 has appointed Rajendra Anandpara as Additional Director and Managing Director with effect from 27 April 2017.

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Asian Granito India opens showroom in Panjim, Goa
Apr 27,2017

Asian Granito India has opened a showroom named AGL Universe Showroom in Panjim, Goa. The showroom is spread across an area of 4000 square feet and contains all types of tiles, marbles and quartz.

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