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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 OTCO International approves change in directorate
Dec 17,2016

OTCO International announced that the Board of Directors of the Company at its meeting held on 17 December 2016 has transacted the following -

Taken on record resignation of Kesavan Ramadasan with effect from 03 December 2016.

Appointement of Balakrishnan Ramasubramanian as Additional Director (Independent and Non Executive) with effect from 17 December 2016.

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National Fittings appoints director
Dec 17,2016

National Fittings announced Jayaram Govindarajan has been appointed as the Whole Time Director of the Company by the Board of Directors at their Board Meeting dated 14 December 2016.

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Royale Manor Hotels & Industries announces change in company secretary
Dec 17,2016

Royale Manor Hotels & Industries announced that the Board of Directors of the Company at its meeting held on 17 December 2016, has transacted the following;

1. Acceptance the resignation of Jainam Bagadiya from the post of Company Secretary of the Company.

2. Appointment of Krishna Ashara as a Company Secretary and Compliance Officer of the Company.

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Board of Luminaire Technologies accepts resignation of directors
Dec 17,2016

Luminaire Technologies announced that the Board of Directors of the Company at its meeting held on 17 December 2016, inter alia, has discussed and approved the following -

1. Anshuman Mohan Gupta, Director of the Company has resigned as Director and from the directorship of the Company and shall vacate his office from close of the business hours on 17 December 2016 at 1.00 p.m. and approved as under.

2. Sapna Gupta, Director of the Company has resigned as Director and from the directorship of the Company and shall vacate his office from close of the business hours on 17 December 2016 at 1.00 p.m. and approved as under.

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Tube Investments of India allots equity shares
Dec 17,2016

Tube Investments of India has on 17 December 2016 allotted 27,248 equity shares of Rs. 2/- each under ESOS 2007. After the allotment, the number of equity shares outstanding has increased to 18,74,37,871 and the paid up equity share capital is Rs 37.48 crore.

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Bodal Chemicals provides update on scheme of amalgamation
Dec 17,2016

Bodal Chemicals announced that the Company has received the certified copy of oral order for approving the Scheme of Amalgamation from Honble High Court of Gujarat.

Furthermore, upon the scheme becoming effective, the transferor company i.e. Bodal Agrotech shall stand dissolved without winding up. Hence, Bodal Chemicals will not submit consolidated financial results henceforth as after this amalgamation, the Company will not have any subsidiary/ associate or JV company.

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MPS Infotecnics enters into agreement with ANI Technologies (OLA)
Dec 17,2016

MPS Infotecnics announced that the Company has entered into an agreement with ANI Technologies (OLA) for booking of OLA Cabs through its UVA Point dealer network.

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Board of Tirupati Industries (India) approves change in directorate
Dec 17,2016

Tirupati Industries (India) announced that the Board of Directors of the Company at its meeting held on 17 December 2016, inter alia, has approved:

1. Resignation of H. M. Jhaveri from the position of Managing Director and Director of the Company with immediate effect.

2. Appointment of K.F. Karani as Additional Director on the Board of the Company with immediate effect.

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Board of Foods & Inns approves private placement of warrants and equity shares
Dec 17,2016

Foods & Inns announced that the Board of Directors of the Company at its meeting held on 17 December 2016 decided the following -

To raise capital by way of -

i) conversion of loan into equity and issue of upto 40000 equity shares on private placement basis.

ii) further issue of 36000 warrants on private placement basis.

iii) further issue of 16500 equity shares on private placement basis.

Approved draft notice of EGM.

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Commercial Syn Bags to set up solar power generation system for captive consumption
Dec 17,2016

Commercial Syn Bags announced that the Company has placed a Purchase Order with Ujaas Energy, Indore on 16 December 2016 for purchase of 1.0 MW (1.2 MW peak (p)) Solar Power Generating System which will be installed at land to be acquired by the Company at Ujaas Solar Park (Sitamau, Madhya Pradesh). The electricity generated through Solar Power Generating System will be used as captive consumption for Companys Manufacturing Units situated at Pithampur (MP).

Further, the cost of project is estimated to be Rs. 6 crore (approx) which will be funded from bank loan and own sources.

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ABC India announces resignation of director
Dec 17,2016

ABC India announced that Rajyavardhan Kajaria, Director of the Company has resigned from the Board of Directors of the Company with effect from 17 December 2016 due to his personal reasons.

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Board of Gayatri Projects to consider sub-division of equity shares
Dec 17,2016

Gayatri Projects announced that the meeting of the Board of Directors of the Company is scheduled to be held on 26 December 2016, inter alia, to transact the following business:

1. To consider and approve the sub-division of the nominal value of the equity shares of Rs. 10/- per share to Rs. 2/- per share and Alteration of Memorandum and Articles of Association of the Company to reflect the same in line with the provisions of the Companies Act, 2013.

2. To approve the notice of postal ballot for seeking approval of the members for business specified in the item no.1.

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GRUH Finance allots equity shares
Dec 17,2016

GRUH Finance announced that the Company has on 16 December 2016, allotted 8,910 equity shares of Rs. 2/- each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Company would stand at Rs. 72,78,61,556 consisting 36,39,30,778 equity shares of Rs. 2 each.

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JHS Svendgaard Laboratories to hold EGM
Dec 17,2016

JHS Svendgaard Laboratories announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 10 January 2017.

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Board of Exdon Trading Company considers directors appointment
Dec 17,2016

Exdon Trading Company announced that the Board of Directors of the Company at its meeting held on 17 December 2016, inter alia, has considered the following:

- To appoint Pallavi Acharya as additional Director of the Company w.e.f. 17 December 2016.

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