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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Star Ferro and Cement receives order of NCLT approval for scheme of amalgamation
Feb 22,2017

Star Ferro and Cement has received on 21 February 2017 the certified copy of the order dated 07 February 2017, passed by the Guwahati Bench of the Honble National Company Law Tribunal (NCLT) sanctioning the Scheme of Amalgamation of Star Ferro and Cement (Transferor Company) with Star Cement (Transferee Company).

Further, the Company and Star Cement respectively have filed the copy of the aforesaid order vide INC-28 with the Registrar of Companies, Shillong on 22 February 2017.

Accordingly, the Scheme of Amalgamation is effective with effect from the Appointed date i.e., 01 April 2016.

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Asian Oilfield Services provides update on binding LoI of approximately USD 57 million
Feb 22,2017

Asian Oilfield Services announced that the Companys wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai has signed a contract for providing Operations and Maintenance Services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria. The total value of contract is about US$ 95 million for a total period of 5 years (inclusive of client options).

The Company has now informed that the Company have earlier announced on 27 December 2016 about receipt of a binding Letter of Intent (LOI) for contract of approximately US$ 57 million for providing O&M services for 3 years. The above contract of US$95 million for a total period of 5 years (inclusive of client options) is for the same LOI.

The Companys wholly owned subsidiary Asian Oilfield & Energy Services DMCC has also entered into an agreement to acquire 99.99% shareholding of Ivorene Oil Services Nigeria (a company registered under Nigeria) to provide local support for this O&M contract.

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Huhtamaki PPL gets NCLT approval for scheme of arrangement
Feb 22,2017

Huhtamaki PPL announced that the Honble Mumbai Bench of National Company Law Tribunal (NCLT) at its hearing held on 22 February 2017, sanctioned the Scheme of Arrangement of Positive Packaging Industries and Webtech Labels with Huhtamaki PPL, and their respective shareholders and creditors.

Further, on receipt of the Certified True copy of the NCLT Orders, the same will be filed with the Registrar of Companies and the Scheme/Merger would become effective on such filing.

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Huhtamaki PPL gets NCLT approval for scheme of arrangement
Feb 22,2017

Huhtamaki PPL announced that the Honble Mumbai Bench of National Company Law Tribunal (NCLT) at its hearing held on 22 February 2017, sanctioned the Scheme of Arrangement of Positive Packaging Industries and Webtech Labels with Huhtamaki PPL, and their respective shareholders and creditors.

Further, on receipt of the Certified True copy of the NCLT Orders, the same will be filed with the Registrar of Companies and the Scheme/Merger would become effective on such filing.

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Board of Baba Arts approves commencement of new business activity
Feb 22,2017

Baba Arts announced that the Board of Directors of the Company at its meeting held on 22 February 2017 has approved the commencement of new business of import, export, wholesale and retail trading of PVC resin, HDPE, LDPE, PP and all kinds of plastic raw materials and goods.

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Karnataka Bank wins two awards
Feb 22,2017

Karnataka Bank has bagged two IBA- Banking Technology Awards 2017 under the following categories -

Winner - Best Financial Inclusions Initiatives (Small Bank) category
Runner up - Best use of Digital and Channels Technology (Small Bank) category.

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Outcome of board meeting of Cyber Media (India)
Feb 22,2017

Cyber Media (India) announced that the Board of Directors of the Company at its meeting held on 22 February 2017 has approved the following -

Alteration in the terms of loan agreement entered with the Promoter and Promoters Group subject to approval of shareholders.

Issue of equity shares on preferential basis to Promoters and Promoters Group.

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Viaan Industries fixes record date for sub-division of shares
Feb 22,2017

Viaan Industries announced that the Company has fixed 10 March 2017 as the Record Date for the purpose of Sub-division of 1 (One) equity share of face value of Rs. 10/- each into 10 (Ten) equity shares of Re. 1/- each.

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Board of Richway International Trade approves delisting of shares from BSE Institutional Trading Platform
Feb 22,2017

The Board of Directors of Richway International Trade in its meeting held on 22 February 2017 has approved delisting of equity shares of the Company from BSE Institutional Trading Platform, subject to approval of shareholders.

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Rashtriya Chemicals & Fertilizers announces cessation of director
Feb 22,2017

Rashtriya Chemicals & Fertilizers announced that Prof. Damodar Acharya has ceased to be an Independent Director on the Board of the Company w.e.f. 30 January 2017 consequent upon the completion of his term.

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Aspinwall & Company standalone net profit rises 388.97% in the December 2016 quarter
Feb 22,2017

Net profit of Aspinwall & Company rose 388.97% to Rs 7.09 crore in the quarter ended December 2016 as against Rs 1.45 crore during the previous quarter ended December 2015. Sales rose 33.73% to Rs 78.19 crore in the quarter ended December 2016 as against Rs 58.47 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales78.1958.47 34 OPM %14.504.70 - PBDT11.262.77 306 PBT10.662.23 378 NP7.091.45 389

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Anubhav Infrastructure reports standalone nil net profit/loss in the December 2016 quarter
Feb 22,2017

Anubhav Infrastructure reported no net profit/loss in the quarter ended December 2016 as against net loss of Rs 0.20 crore during the previous quarter ended December 2015. Sales declined 75.00% to Rs 0.01 crore in the quarter ended December 2016 as against Rs 0.04 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.010.04 -75 OPM %0-500.00 - PBDT0-0.20 100 PBT0-0.20 100 NP0-0.20 100

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RCL Foods reports standalone net loss of Rs 0.06 crore in the December 2016 quarter
Feb 22,2017

Net Loss of RCL Foods reported to Rs 0.06 crore in the quarter ended December 2016 as against net loss of Rs 0.22 crore during the previous quarter ended December 2015. Sales declined 21.21% to Rs 0.26 crore in the quarter ended December 2016 as against Rs 0.33 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.260.33 -21 OPM %-19.230 - PBDT-0.06-0.01 -500 PBT-0.06-0.01 -500 NP-0.06-0.22 73

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AcroPetal Technologies reports standalone net loss of Rs 0.53 crore in the December 2016 quarter
Feb 22,2017

Net Loss of AcroPetal Technologies reported to Rs 0.53 crore in the quarter ended December 2016 as against net loss of Rs 6.06 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.45 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.45 -100 OPM %0-48.89 - PBDT-0.09-3.06 97 PBT-0.53-6.06 91 NP-0.53-6.06 91

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BSE standalone net profit rises 116.47% in the December 2016 quarter
Feb 22,2017

Net profit of BSE rose 116.47% to Rs 70.07 crore in the quarter ended December 2016 as against Rs 32.37 crore during the previous quarter ended December 2015. Sales rose 12.93% to Rs 122.56 crore in the quarter ended December 2016 as against Rs 108.53 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales122.56108.53 13 OPM %42.3540.72 - PBDT57.0549.08 16 PBT45.0837.08 22 NP70.0732.37 116

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