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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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S H Kelkar & Company provides update on step down subsidiary - Keva Chemicals
Apr 24,2017

S H Kelkar & Company announced that its step down subsidiary - Keva Chemicals has executed with Tanishka Fragrance Encapsulation Technologies, a technology transfer agreement for acquisition of Fragrance Encapsulation Technology and a licensing agreement for use of licensed technology.

The consideration paid towards acquisition under these agreements including the assets purchased from TFET LLP is Rs 1 crore + an amount payable at the end of 5 years, equivalent to a portion of the revenue of KCPL that would be generated in FET sales using FET.

As a part of the transaction, KCPL has also contributed Rs 2 crore to the capital of TFET LLP on 24 April 2017, thus has become a majority capital contributing partner in TFET LLP.

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Commex Technology announced change in compliance officer
Apr 24,2017

Commex Technology has appointed Jayant Mitra as Compliance Officer with effect from 01 April 2017 in place of Ajay Raut.

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Parrys Sugar Industries gets NCLT approval for scheme of amalgamation
Apr 24,2017

Parrys Sugar Industries announced that the National Company Law Tribunal (NCLT), Bengaluru and NCLT Chennai vide their respective Orders dated 21 April 2017, have approved the Scheme of Amalgamation of the Company with E.I.D.- Parry (India ). The Scheme with appointed date of 01 April 2016 will be effective upon filing of the Certified True Copy of the Order of NCLT with the respective Registrar of Companies

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Government Printing Press to be upgraded at a cost of Rs.338 crore
Apr 24,2017

Modernisation and redevelopment of Government of India Printing Press at Minto Road in New Delhi will be taken up at a cost of Rs.338.56 cr.

Minister of Urban Development Shri M.Venkaiah Naidu has accepted the recommendation of the Standing Finance Committee in this regard.

The present building of the Press will be redeveloped at a cost of Rs.238.56 cr into three blocks of Ground plus six floors suitable to locate the modern technology and equipment to be installed at a cost of Rs.100 cr.

At present, the machines and equipment being used are of 1980-2005 vintage and some of them installed as early as in 1968, resulting in high cost of production, demand for printing not being met in time besides non-availability of spare parts requiring their refabrication.

With redevelopment and modernisation, the production capacity of the Government of India Printing Press at Minto Road in the national capital will increase from the present 16 lakh pages per day (60 cr pages per year)of A-5 size to 45 lakh pages per day (164.96 cr pages per year) marking an increase of 177% in production capacity. Multi-colour printing, which is not available presently will be made available.

This Government Printing Press meets all printing needs of both the Houses of Parliament including day to day Parliamentary proceedings, Question Lists, Bills, Acts, Synopsis, Reports, Debates, Whos Who, Parliamentary Committee reports besides the needs of Cabinet Secretariat and various Ministries and Departments of central government. Due to lack of multi-colour printing facility at present, such work as in the case of printing of Annual Reports of various ministries and departments is being outsourced.

The entire redevelopment and modernisation work would be completed in 52 months from now.

From the available land of 22,017 sq.mtres, about 1.50 acres would be transferred to the Ministry of Finance for construction of building for Controller General of Accounts and Public Finance Management System (PFMS).

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Wendt India to pay dividend
Apr 24,2017

Wendt India announced that dividend will paid on 01 August 2017, if approved at the AGM to be held on 24 July 2017.

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Rupee recovers
Apr 24,2017

Rupee recovered to close higher at 64.4550/4600 per dollar on Monday (24 April 2017), versus its previous close of 64.6475/6525 per dollar thanks to increased selling of the American currency by exporters and banks amid a higher domestic equity market.

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Board of Indiabulls Housing Finance recommends dividend
Apr 24,2017

Indiabulls Housing Finance announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 9 per equity Share (i.e. 450%) , subject to the approval of the shareholders.

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Board of Southern Online Bio Technologies approves change in company secretary
Apr 24,2017

Southern Online Bio Technologies announced that the Board of Directors at its meeting held on 24 April 2017 has approved the following -

Resignation of D Manoranjani as Company Secretary & Compliance Officer.

Appointment of Ankita Damani as Company Secretary & Compliance Officer.

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Board of McNally Bharat Engineering Company approves change in company secretary
Apr 24,2017

McNally Bharat Engineering Company announced that Dibakar Chatterjee has tendered his resignation from his post as the Company Secretary of the Company with effect from 24 April 2017. The Board of Directors of the Company at their meeting held on 24 April 2017, has appointed Indranil Mitra as the Company Secretary & the Compliance Officer of the Company with effect from 24 April 2017.

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UltraTech Cement consolidated net profit declines 11.27% in the March 2017 quarter
Apr 24,2017

Net profit of UltraTech Cement declined 11.27% to Rs 725.88 crore in the quarter ended March 2017 as against Rs 818.09 crore during the previous quarter ended March 2016. Sales rose 2.95% to Rs 7019.81 crore in the quarter ended March 2017 as against Rs 6818.71 crore during the previous quarter ended March 2016.

For the full year,net profit rose 9.56% to Rs 2714.90 crore in the year ended March 2017 as against Rs 2478.02 crore during the previous year ended March 2016. Sales rose 0.88% to Rs 25374.94 crore in the year ended March 2017 as against Rs 25153.24 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7019.816818.71 3 25374.9425153.24 1 OPM %19.0321.47 -20.5419.48 - PBDT1409.941476.09 -4 5220.474798.48 9 PBT1054.411097.21 -4 3872.063421.31 13 NP725.88818.09 -11 2714.902478.02 10

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Board of TTK Prestige recommends dividend
Apr 24,2017

TTK Prestige announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Board of Hexaware Technologies recommends dividend
Apr 24,2017

Hexaware Technologies announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Balaji Telefilms to hold EGM
Apr 24,2017

Balaji Telefilms announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 May 2017 .

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Reliance Communication gets shareholders approval for demerger of wireless business into Aircel
Apr 24,2017

The shareholders of Reliance Communications at their meeting convened pursuant to the order of the National Company Law Tribunal (NCLT),have today approved with 99.99% majority for the Scheme of Arrangement for demerger of the Wireless division of the Company and Reliance Telecom (RTL), a wholly owned subsidiary of the Company into Aircel and Dishnet Wireless (the Scheme). The Scheme was also approved by shareholders of RTL at their meeting held today pursuant to the order of the NCLT.

The Shareholders of Aircel have also approved the said Scheme at their meeting held on 22 April 2017, convened under the order of the NCLT.

The Company has already received approval from the Securities and Exchange Board of India, BSE , National Stock Exchange of India and Competition Commission of India for the proposed Scheme of Arrangement.

The RCOM-Aircel merger will create a strong operator clearly ranked amongst Indias top 4 telcos by customer base and revenues, also ranking amongst the top 3 operators by revenues in 12 important circles.

The merged entity will have the second-largest spectrum holding amongst all operators, aggregating 448 MHz across the 850, 900, 1800 and 2100 MHz bands.

A petition is being filed with the NCLT, Mumbai Bench, for approval of the said Scheme. The proposed transaction is subject to other necessary approvals.

Post closing, the Company and the present shareholders of Aircel will hold 50% stake each in Aircel.

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KKalpana Industries (India) announces demise of director
Apr 24,2017

KKalpana Industries (India) announced the demise of Nirmalendu Guha, Independent Director of the Company on 23 April 2017.

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