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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 Pazel International approves closure of subsidiary in UAE
Aug 19,2016

Pazel International announced that the Board of Directors of the Company at its meeting held on 19 August 2016, inter alia, has considered and approved:

- The closure of Foreign wholly own subsidiary of the Company, namely Pazel Global FZE based in Ajman Free Zone of UAE as the same is inoperative.

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Board of NOCIL approves change in directorate
Aug 19,2016

NOCIL announced that the Board of Directors of the Company at its meeting held on 19 August 2016 approved the following -

Appointment of H A Mafatlal as Executive Chairman with effect from 19 August 2016.

Accepted resignation of Vishad P Mafatlal as Non Executive Director - Promoter Group of the Company with effect from 19 August 2016.

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Board of Pesticides & Breweries approves rights issue
Aug 19,2016

Pesticides & Breweries announced that the Board of Directors of the Company at its meeting held on 16 August 2016 approved issue of equity shares to the existing shareholders of the Company on a rights basis.

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Kharif Crop Sowing Crosses 992 Lakh Hectare Areas
Aug 19,2016

The total sown area as on 19 th August, 2016 as per reports received from States, stands at 992.76 lakh hectare as compared to 938.57 lakh hectare at this time last year.

It is reported that rice has been sown/transplanted in 346.38 lakh ha, pulses in 136.04 lakh ha, coarse cereals in 180.20 lakh ha, oilseeds in 175.49 lakh ha, sugarcane in 45.55 lakh hectare and cotton in 101.54 lakh ha.

The details of the area covered so far and that covered during this time last year are given below:

 Lakh hectare 

CropArea sown in 2016-17Area sown in 2015-16Rice346.38334.26Pulses136.04100.57Coarse Cereals180.20167.69Oilseeds175.49168.49Sugarcane45.5549.60Jute & Mesta7.567.73Cotton101.54110.23Total992.76938.57

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Board of Fortis Malar Hospitals approves composite scheme of arrangement and amalgamation
Aug 19,2016

Fortis Malar Hospitals announced that the Board of Directors at its meeting held on 19 August 2016 has approved the composite scheme of arrangement and amalgamation between the Company, Fortis Healthcare and SRL and its respectively shareholders and creditors.

Under the scheme, the hospital business of Fortis Malar Hospital (FMHL) shall be transferred to Fortis Healthcare (FHL) as a going concern on slump sale basis, in lieu of payment of lump sum consideration by FHL to the Company; the undertaking of FHL pertaining exclusively to the diagnostic business of FHL shall be transferred to the Company by way of a demerger in lieu of issuance of equity shares by the Company to the shareholders of FHL as per the approves share entitlement ratio; the amalgamation of SRL into the Company and dissolution of SRL without winding up and the consequent issue of equity shares by the Company to the shareholders of SRL and the cancellation of shares of SRL held by the Company (amalgamation).

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Outcome of board meeting of Commercial Syn Bags
Aug 19,2016

Commercial Syn Bags announced that the Board of Directors of the Company at its meeting held on 19 August 2016 approved the following -

Approval for availing credit facilities up to Rs 52.15 crore from Bank of India, Main Branch, Indore.

Approval for expansion of Companys SEZ Unit situated at Indore Special Economic Zone Plot No. 15 to 18, Phase 1, Sector III, Pithampur by setting up of complete manufacturing facilities.

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Surya Roshni provides business update
Aug 19,2016

Surya Roshni has obtained order through competitive e-bidding for Design, Manufacture, Supply, of LED Tube Lights and other related works from Public Sector Undertakings (PSUs).

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Pitti Laminations gets ratings revision for bank facilities
Aug 19,2016

Pitti Laminations announced that Credit Analysis and Research has revised the ratings for bank facilities as follows -

Long term bank facilities - CARE BBB+ (Revised from CARE A-)
Short term bank facilities - CARE A2 (Revised from A2+)

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Sylph Technologies to hold AGM
Aug 19,2016

Sylph Technologies announced that the 24th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Sinclairs Hotels to hold AGM
Aug 19,2016

Sinclairs Hotels announced that the Annual General Meeting (AGM) of the company will be held on 23 September 2016.

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Surana Telecom & Power to hold AGM
Aug 19,2016

Surana Telecom & Power announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Sreechem Resins to hold AGM
Aug 19,2016

Sreechem Resins announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Shree Rama Newsprint to hold AGM
Aug 19,2016

Shree Rama Newsprint announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2016.

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Sunraj Diamond Exports to hold AGM
Aug 19,2016

Sunraj Diamond Exports announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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SMIFS Capital Markets to hold AGM
Aug 19,2016

SMIFS Capital Markets announced that the Annual General Meeting (AGM) of the company will be held on 24 September 2016.

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