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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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Vipul provides update on its Aarohan Project in Gurgaon
Sep 16,2016

Vipul has received Environmental Clearance from State Environment Impact Assessment Authority, Haryana for its project Aarohan on Golf Course in Gurgaon. By June 2016, they has already sold more than 26% of flats in Phase 1 of the project.

Further, the Company had raised debt from DMI Finance to the tune of Rs 175 crore. The money was utilised toward pre-operative expenses of Project Aarohan. With permissions now in place and construction likely to occur soon, the Company has received sanction of loan of Rs 275 crore from PNB Housing Finance. Part of this loan, will be utilised towards pre-payment of debt from DMI.

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Jyoti Structures provides update on subsidiary
Sep 16,2016

Jyoti Structures announced that Jyoti Americas LLC (JAL), a wholly owned subsidiary of the Company, has been advised in compliance with applicable law, to inform all employees not to report for work effective 14 September 2016 until further notice, as JAL will not be able to meet payroll due to temporary cash flow situation.

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Arnold Holdings fixes record date for bonus issue
Sep 16,2016

Arnold Holdings has fixed 28 September 2016 as the Record Date for the purpose of Bonus Issue.

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NOCIL allots equity shares
Sep 16,2016

NOCIL has allotted 11,39,400 equity shares of Rs 10 each on exercise of stock options under ESOS -2007 on 12 September 2016. With this allotment, the paid up equity capital stands at 16,19,26,380 equity shares of Rs 10 each.

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Board of Prism Informatics approves rights issue
Sep 16,2016

Prism Informatics announced that the Board of Directors of the Company at its meeting held on 16 September 2016 has approved raising of funds by way of offer and issue of equity shares to existing shareholders of the Company on rights basis (rights issue).

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Sadbhav Infrastructure Projects gets reaffirmation of ratings for NCDs
Sep 16,2016

Sadbhav Infrastructure Projects has received reaffirmation of credit ratings from CARE as under -

NCD (Rs 140.54 crore) - CARE A+ (SO)
NCD (Rs 160 crore) - CARE A+ (SO)
NCD (Rs 200 crore) - CARE A+ (SO)

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Viaan Industries fixes record date for bonus issue
Sep 16,2016

Viaan Industries has fixed 29 September 2016 as Book Closure date for the purpose of Bonus shares in the ratio of 2:1 (i.e. in the proportion of 2 (two) new equity shares of Rs. 10/- each for every 1 (one) existing fully paid up equity share of Rs.10/- each).

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Precision Electronics announces cessation of director
Sep 16,2016

Precision Electronics announced Pradeep Kumar Kanodia having ceased to be a director on the Board on his retirement at the Annual General Meeting of the Company held on 15 September 2016.

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GMR Infrastructure appoints director
Sep 16,2016

GMR Infrastructure announced that Jayesh Desai is appointed as Director for a term of 5 years or upto the conclusion of 25th Annual General Meeting of the Company whichever is earlier.

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Allahabad Bank appoints CFO
Sep 16,2016

Allahabad Bank announced that the Bank has appointed S L Jain as Chief Financial Officer with immediate effect.

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South India Paper Mills to hold AGM
Sep 16,2016

South India Paper Mills announced that the 57th Annual General Meeting(AGM) of the company on 15 September 2016.

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Infosys to hold board meeting
Sep 16,2016

Infosys will hold a meeting of the Board of Directors of the Company on 14 October 2016.

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TD Power Systems reports standalone net loss of Rs 1.22 crore in the June 2016 quarter
Sep 16,2016

Net loss of TD Power Systems reported to Rs 1.22 crore in the quarter ended June 2016 as against net profit of Rs 0.13 crore during the previous quarter ended June 2015. Sales declined 7.07% to Rs 79.74 crore in the quarter ended June 2016 as against Rs 85.81 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales79.7485.81 -7 OPM %3.714.72 - PBDT5.376.83 -21 PBT-1.62-0.25 -548 NP-1.220.13 PL

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TD Power Systems reports consolidated net loss of Rs 2.20 crore in the June 2016 quarter
Sep 16,2016

Net Loss of TD Power Systems reported to Rs 2.20 crore in the quarter ended June 2016 as against net loss of Rs 4.67 crore during the previous quarter ended June 2015. Sales declined 18.13% to Rs 81.37 crore in the quarter ended June 2016 as against Rs 99.39 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales81.3799.39 -18 OPM %1.79-0.02 - PBDT4.413.40 30 PBT-2.63-3.83 31 NP-2.20-4.67 53

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Modison Metals standalone net profit declines 13.50% in the June 2016 quarter
Sep 16,2016

Net profit of Modison Metals declined 13.50% to Rs 1.41 crore in the quarter ended June 2016 as against Rs 1.63 crore during the previous quarter ended June 2015. Sales rose 0.55% to Rs 40.21 crore in the quarter ended June 2016 as against Rs 39.99 crore during the previous quarter ended June 2015.

ParticularsQuarter Endedn++Jun. 2016Jun. 2015% Var. Sales40.2139.99 1 OPM %15.0711.83 - PBDT5.524.09 35 PBT3.972.59 53 NP1.411.63 -13

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