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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 Selan Explorations Technology recommends dividend
Feb 13,2017

Selan Explorations Technology announced that the Board of Directors of the Company at its meeting held on 11 February 2017, inter alia, have recommended the dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Vidhi Dyestuffs Manufacturing recommends dividend
Feb 13,2017

Vidhi Dyestuffs Manufacturing announced that the Board of Directors of the Company at its meeting held on 11 February 2017, inter alia, have recommended the dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Urja Global review orders and decided to raise fund through FPO
Feb 13,2017

Urja Global announced that the Board of Directors of the Company at its meeting held on 11 February 2017 has approved the following -

The company has received work orders from PEC (A Government of India undertaking) for installation of grid connected solar roof top power plant on various ministry buildings in two more states, namely, West Bengal and Karnataka, taking the aggregate capacity of the work to 1.5 MW worth Rs 11 crore including states of Uttar Pradesh, Punjab, Rajasthan, Haryana, Bihar and Jharkhand.

The Board has suggested some corrective measured in Chhattisgarh project and noted overall development during the quarter under review.

The Board has considered the fund raising prospects and decided to raise funds through further public offer.

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PTC India drops after poor Q3 outcome
Feb 13,2017

The result was announced on Sunday, 12 February 2017.

Meanwhile, the S&P BSE Sensex was up 14.46 points or 0.05% at 28,348.71

On BSE, so far 1.60 lakh shares were traded in the counter as against average daily volume of 2.57 lakh shares in the past one quarter. The stock hit a high of Rs 91.50 in intraday trade today, 13 February 2017, matching its 52-week high of Rs 91.50 hit on Friday, 10 February 2017. The stock hit a low of Rs 88 so far during the day. The stock had hit a 52-week low of Rs 56.15 on 12 February 2016.

The small-cap company has equity capital of Rs 296.01 crore. Face value per share is Rs 10.

PTC India provides power trading solutions in India. Its primary focus is to develop a commercially vibrant power market in the country.

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Board of Tijaria Polypipes approves shifting of registered office
Feb 13,2017

The Board of Directors of Tijaria Polypipes at its meeting held on 11 February 2017 has approved the shifting of registered office of the Company to A-130 (E), Road No. 9D, Vishwakarma Industrial Area, Jaipur - 302013.

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Centre cautions Chief Ministers of vacuum if Real Estate Act timelines not met by April 30
Feb 13,2017

With buyers entitled to seek relief under the Real Estate (Regulation & Development) Act,2016 with effect from the first of May this year, the central government has cautioned the States of a serious situation of vacuum arising if necessary institutional mechanisms, as required under the Act were not put in place before that.

In the context of only four States and six Union Territories so far notifying the final Real Estate Rules and complaints of violation of some of the provisions of the Act by some States, Minister of Housing & Urban Poverty Alleviation Shri M. Venkaiah Naidu last week urged the Chief Ministers to take personal interest in ensuring implementation of the Act in letter and spirit. In a letter dated February 9, 2017, to all the Chief Ministers of States, he stressed that n++Real Estate Act is one of the most important reforms for the sector, which would bring benefits to all stakeholders. It is therefore, my sincere request to please bestow your personal attention to this matter so that the Act is implemented in time and in the spirit with which it was passed by the Parliamentn++.

Shri Naidu also cautioned the Chief Ministers stating n++Appropriate Governments are required to establish the Real Estate Regulatory Authorities and the Appellate Tribunals, maximum by 30th April, 2017. The timelines are important as the Act would commence its full operation from 1st May, 2017and in the absence of Rules and Regulatory Authority and Appellate Tribunal, the implementation of the Act would be affected in your State, leading to a vacuum in the sectorn++.

The Minister in his two page letter to the Chief Ministers said that the Real Estate Act, 2016 was one of the most consumer friendly laws passed by the Parliament and its timely implementation is the responsibility of both the Central and State Governments and this would not only provide the much needed consumer protection, but would also give a fillip to the sector, benefitting all the stakeholders.

Ministry of HUPA had organized a consultative workshop with all the States/UTs on the 17th of last month to review the progress made by them and apprise them of their responsibilities under the Act and the timelines to be met to enable the consumers take benefits of the Act from the first of May this year and the need to ensure that the Rules were not in variance with the spirit of the Act.

Over 60 Sections of the Act were notified by the Ministry of HUPA on May 1st last year, including Section 84 under which States were required to notify Real Estate Rules by October 31st last year thereby setting the ground for implementation of the Act.

So far, Rules have been notified by only four States and for six Union Territories. Ministry of HUPA, mandated with the responsibility of making Rules for UTs without legislatures has done so for Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu and Lakshadweep while the Ministry of Urban Development has done so for Delhi. A few other States have been reported to have notified only Draft Rules seeking views and suggestions from stakeholders.

States that have notified final Rules are: Gujarat, Madhya Pradesh, Kerala and Uttar Pradesh. The Ministry has received some complaints of violations of some of the provisions of the Act by some of these States resulting in dilution of the spirit of the Act. The Ministry has referred the complaints to the Committee on Subordinate Legislation of Rajya Sabha. In this back drop, Shri Venkaiah Naidu urged the Chief Ministers to ensure compliance with the Act, as passed by the Parliament. From May 1st this year, under the provisions of the Act, both buyers and developers of real estate property can approach Real Estate Regulatory Authorities seeking relief against the other for violation of the contractual obligations and other provisions of the Act. For this to happen, Real Estate Rules including the General Rules and the Agreement for Sale Rules, Real Estate Authorities and Appellate Tribunals were required to be in place and in a position to start functioning.

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Board of Bloom Dekor approves change in company secretary
Feb 13,2017

Bloom Dekor announced that the Board of Directors of the company at its meeting held on 11 February 2017 has taken note of resignation of Shivangi Gajjar from the post of company Company Secretary and Compliance officer and appointed Tushar Donda as Company Secretary and Compliance officer with effect from 1 February 2017.

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Hindustan Motors spurts after selling Ambassador brand to Peugeot
Feb 13,2017

The announcement was made after market hours on Friday, 10 February 2017.

Meanwhile, the BSE Sensex was up 17.26 points, or 0.06%, to 28,351.51.

On the BSE, so far 9.19 lakh shares were traded in the counter, compared with average daily volumes of 3.24 lakh shares in the past one quarter. The stock hit a high of Rs 12.80 so far during the day, which is also 52-week high for the counter. The stock hit a low of Rs 12.10 so far during the day.

The stock hit a 52-week low of Rs 4.51 on 24 June 2016. The stock had outperformed the market over the past 30 days till 10 February 2017, rising 21.41% compared with the 3.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 39.42% as against Sensexs 5.65% decline.

The small-cap company has equity capital of Rs 104.33 crore. Face value per share is Rs 5.

Hindustan Motors manufactured the iconic Ambassador car. The car was in production from 1958 to 2014.

Hindustan Motors reported net loss of Rs 5.04 crore in Q2 September 2016 as against net loss of Rs 6.35 crore in Q2 September 2015. No sales were reported during this period.

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Board of RDB Realty & Infrastructure approves change in company secretary
Feb 13,2017

The Board of Directors of RDB Realty & Infrastructure at its meeting held on 11 February 2017 has accepted the resignation of Deepika Sethia as Company Secretary with effect from 16 January 2017. The Board has appointed Madhuri Gulgulia as Company Secretary and Compliance Officer with effect from 11 February 2017.

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Board of Future Consumer appoints CEO
Feb 13,2017

The Board of Directors of Future Consumer at its meeting held on 11 February 2017 have appointed Devendra Chawla as CEO of the Company with effect from 11 February 2017.

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Board of Future Consumer appoints CEO
Feb 13,2017

The Board of Directors of Future Consumer at its meeting held on 11 February 2017 have appointed Devendra Chawla as CEO of the Company with effect from 11 February 2017.

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Board of Kallam Spinning Mills approves listing of shares on NSE
Feb 13,2017

Kallam Spinning Mills announced that the Board of Directors of Company at its meeting held on 11 February 2017, has approved the Listing of Equity shares of the Company at National Stock Exchange (NSE).

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Board of Kallam Spinning Mills approves listing of shares on NSE
Feb 13,2017

Kallam Spinning Mills announced that the Board of Directors of Company at its meeting held on 11 February 2017, has approved the Listing of Equity shares of the Company at National Stock Exchange (NSE).

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Board of Arihant Superstructures approves change in CFO
Feb 13,2017

The Board of Directors of Arihant Superstructures at its meeting held on 11 February 2017 has taken on record resignation of Ravindra Parakh from the post of CFO of the Company with effect from 11 February 2017 and approved the appointment of Manish Mehta as CFO of the Company with effect from 11 February 2017.

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Board of Arihant Superstructures approves change in CFO
Feb 13,2017

The Board of Directors of Arihant Superstructures at its meeting held on 11 February 2017 has taken on record resignation of Ravindra Parakh from the post of CFO of the Company with effect from 11 February 2017 and approved the appointment of Manish Mehta as CFO of the Company with effect from 11 February 2017.

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