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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 Rajputana Investment & Finance approves bonus issue
Jun 26,2017

The Board of Directors of Rajputana Investment & Finance approved, subject to approval of shareholders, issue of fully Paid-up Equity (Bonus) Shares to the eligible shareholders in the ratio of 9 (Nine) bonus equity Shares of Rs. 10/- each for every 5 (Five) existing Equity Shares of Rs. 10/- each as on the record date of 14 July 2017 as fixed by the Board vide its meeting held on 24 June 2017.

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Outcome of board meeting of Meera Industries
Jun 26,2017

The Board of Meera Industries at its meeting held on 24 June 2017 has - (i) Approved the Audited Financial Statements for the year ended 31 March 2017

(ii) Recommended a Dividend of Re. 1/- (Rupee One only) per equity share of Rs. 10/- each for the financial year ended 31 March 2017 on enlarged share capital.

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Dhunseri Petrochem intimates of increase in stake holding in Global Foods
Jun 26,2017

Dhunseri Petrochem announced that 16,000 Optionally Convertible Debentures of SGD 100 each in the Companys associate Company Global Foods has been converted into 16,00,000 Equity Shares of SGD 1 (one) each on 23 June 2017. Accordingly, the Companys shareholding has increased from 32.5% to 74.04% in Global Foods and thus it has become the subsidiary of the Company.

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V-Mart Retail opens new store in Uttar Pradesh
Jun 26,2017

V-Mart Retail has opened a new store in the state of Uttar Pradesh. The store is a fashion store. With this the tally of Uttar Pradesh is 17 composite and 46 fashion stores. This takes the total number of stores to 149 stores in 126 cities across 14 states with 37 composite and 112 fashion stores with a total area of 12.61 lakhs sq.ft.

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CES announces resignation of director
Jun 26,2017

CES announced the resignation of Ram Kancharla From Office Directorship of CES limited w.e.f 24 June 2017.

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Outcome of board meeting of Sree Sakthi Paper Mills
Jun 26,2017

The Board of Sree Sakthi Paper Mills at its meeting held on 24 June 2017 has transacted the following -

Akhilesh Agarwal, was appointed as Additional Director of the Company.

The Board recorded the results of Postal Ballot as 99.99% of the votes were polled in favour of the resolutions permitting( i) the sale of Companys landed properties at Chalakkudy, Thrissur (ii) alter the object clause of the Memorandum of Association of the Company (iii) Issue of 11.25% of Non-Convertible Redeemable Preference Shares (RPS).

Board has allotted 11.25% of Non-Convertible Redeemable Preference shares to the promoter directors.

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Board of IDFC approves change in directorate
Jun 26,2017

The Board of IDFC at its meeting held on 24 June 2017 approved the following -

a. Acceptance of resignation of Vikram Limaye (DIN: 00488534) as Managing Director & CEO of the Company w.e.f. 15 July 2017. The Board placed on record, its sincere appreciation for the long association and valuable services rendered by Limaye during his tenure with the Company.

b. Appointment of Sunil Kakar (DIN: 03055561) as an Additional Director of the Company w.e.f. 16 July 2017, subject to the approval of the Shareholders at the ensuing AGM of the Company.

c. Appointment of Sunil Kakar (DIN: 03055561) as Managing Director & CEO of the Company for a period of 3 yrs w.e.f. 16 July 2017, subject to the approval of the shareholders at the ensuing AGM of the Company.

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Outcome of board meeting of Amtek Auto
Jun 24,2017

The Board of Directors (Board) of Amtek Auto at their meeting held on 23 June 2017, discussed the issue of the Company falling under the Insolvency and Bankruptcy Code, 2016 (IBC Code), pursuant to the instructions by Reserve Bank of India (RBI) to the Banks under the said IBC Code, for the purpose of coherent and speedy resolution of Company.

Further, The Board of Directors of the Company inter alia, has approved the following items with requisite majority:

a)Resignation of John Ernest Flintham, Vice-Chairman and Managing Director of the Company w.e.f. 23 June, 2017 due to his unavoidable circumstances.

b)Resignation of Sanjiv Bhasin , Independent and Non-Executive Director of the Company w.e.f. 23 June, 2017 due to his unavoidable circumstances.

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Crest Ventures hikes stake in Crest Wealth Management
Jun 24,2017

Crest Ventures (CVL) has acquired 6,00,000 (Six lakh) Equity Shares of Crest Wealth Management (CWMPL), its Subsidiary Company, from Mitesh Shah at a total consideration of Rs. 43,20,000/- (Rupees Forty Three Lakh Twenty Thousand only) on 23 June 2017. Consequent to the said acquisition, the equity holding of CVL in CWMPL has increased from 52% to 62%.

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Yes Bank allots 36,358 equity shares
Jun 24,2017

Yes Bank has allotted 36,358 equity shares under ESOP. The paid up equity share capital of the bank has accordingly increased to 45,74,94,490 equity shares of Rs 10 each.

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Crest Ventures provides update on subsidiary
Jun 24,2017

Crest Ventures announced that the name of Prebon Yamane (India), a material subsidiary of the Company has been changed to Tullett Prebon (India) with effect from 22 June 2017.

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Pudumjee Paper Products gets upgradation in credit ratings
Jun 24,2017

Pudumjee Paper Products announced that CRISIL has upgraded the credit rating of the Company as under -

Total Bank loan facilities rated - Rs 250 crore
Long term rating - CRISIL A-/Stable (Upgraded from CRISIL BBB+/Positive)
Short term rating - CRISIL A2+ (Upgraded from CRISIL A2)

Rs 50 crore Fixed Deposits - FA/ Stable (Upgraded from FA-/ Positive)

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IFGL Refractories provides update on restructuring of its German subsidiaries
Jun 24,2017

IFGL Refractories announced that the Companys German step down subsidiary, Hofmann Ceramic GmbH has merged with another German step down subsidiary, Hofmann GmbH & Co OHG, on and from 1 April, 2017. Said OHG was renamed as Hofmann GmbH and thereafter Hofmann Ceramic GmbH. Documentation in connection with aforesaid were executed recently on 14 June, 2017.

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United Van Der Horst announces resignation of director
Jun 24,2017

United Van Der Horst announced the resignation of Vijaychand Devichand Sambre from the designation of Independent Director of the Company with effect from 22 June 2017.

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Indiabulls Housing Finance allots 34,776 equity shares
Jun 24,2017

Indiabulls Housing Finance has allotted 34,776 (Thirty Four Thousand Seven Hundred and Seventy Six only) Equity shares of face value INR 2/- each, to eligible employees upon exercise of options vested in their favour under different ESOP Schemes of the Company.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to INR 848,695,200 divided into 424,347,600 Equity Shares of face value INR 2/- each.

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