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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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AXISCADES Engineering Technologies consolidated net profit declines 53.01% in the September 2016 quarter
Nov 15,2016

Net profit of AXISCADES Engineering Technologies declined 53.01% to Rs 3.43 crore in the quarter ended September 2016 as against Rs 7.30 crore during the previous quarter ended September 2015. Sales declined 0.64% to Rs 93.55 crore in the quarter ended September 2016 as against Rs 94.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales93.5594.15 -1 OPM %8.5114.76 - PBDT9.0013.76 -35 PBT6.3311.22 -44 NP3.437.30 -53

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Ajel reports consolidated net profit of Rs 0.04 crore in the September 2016 quarter
Nov 15,2016

Net profit of Ajel remain constant at Rs 0.04 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales rose 7.75% to Rs 4.31 crore in the quarter ended September 2016 as against Rs 4.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.314.00 8 OPM %1.391.75 - PBDT0.040.04 0 PBT0.040.04 0 NP0.040.04 0

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JK Paper to allot equity shares
Nov 15,2016

JK Paper announced that the Company is in receipt of Conversion Notices from Foreign Currency Convertible Bonds (FCCBs) Holders, seeking conversion of their FCCBs (Series 2) aggregating to Euro 65,00,000 into about 74 lakh Equity Shares of Rs. 10/- each of the Company.

Accordingly, the Company, upon completion of requisite procedural formalities, will be holding a meeting of Committee of Directors to allot the said Equity Shares upon conversion of such FCCBs.

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Board of L T Foods approves sub-division of equity shares
Nov 15,2016

The Board of L T Foods has approved sub-division of equity shares of the Company from one existing share of Rs 10 to 10 equity shares of Re 1 each.

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Somany Ceramics announces demise of Founder
Nov 15,2016

Somany Ceramics announced Hiralall Ji Somany - Founder of the Company passed away peacefully on 14 November 2016, at the age of 96.

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Smartlink Network Systems invests in wholly owned subsidiaries
Nov 15,2016

Smartlink Network Systems announced that the Company has made following investment in its Wholly Owned Subsidiaries on 15 November 2016.

1. In Digisol Systems (Digisol)

- Rs. 30,00,00,000/- (Rupees Thirty Crores Only) as subscription amount paid towards Non-Convertible Debentures (unlisted) and

- Rs. 5,00,00,000/- (Rupees Five Crores Only) paid as subscription amount towards Equity Shares.

2. In Synegra EMS (Synegra)

- Rs. 3,50,00,000/- (Rupees Three Crores Fifty Lakhs Only) as subscription amount towards Equity Shares.

Further, the Company has informed that:

3. Digisol Systems will be paying Smartlink Network Systems (Smartlink) Rs. 19.00 crore as lumpsum consideration towards Slump Sale.

4. Synegra EMS will be paying Smartlink Network Systems (Smartlink) Rs. 3.30 crore as lumpsum consideration towards Slump Sale.

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Edelweiss Financial Services allots equity shares
Nov 15,2016

Edelweiss Financial Services announced that the Share Allotment Committee has allotted 13,35,725 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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Integrated Capital Services director resigns
Nov 15,2016

Integrated Capital Services announced that R L Kaura, Director Finance of the Company has resigned with effect from 14 November 2016.

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Rupee flutters
Nov 15,2016

A broad gain of the US Dollar against a basket of currencies led to a free fall in rupee value. Rupee closed at 67.7299/7800 per dollar on Tuesday (15th November 2016), versus its previous close of 67.3799/3900 per dollar on Friday.

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NHAI initiates DPRS for Logistic Efficiency Enhancement Programme (LEEP) under Bharatmala Pariyojna
Nov 15,2016

Under a programme entitled Logistic Efficiency Enhancement Programme (LEEP) aimed to enhance the freight transportation in India through improving cost, time, tracking and transferability of consignments through infrastructure, procedural and Information Technology (IT) interventions, Consultants are being tasked to carry out critical examination of existing logistic infrastructure and destination of freight movement in the country, and 44 freight corridors (Economic Corridors), Inter corridors and feeder routes to reduce cost and time of freight movement. These are proposed to be developed by taking an end-to-end corridor view, rather than stretch-by-stretch road construction view to ensure consistent infrastructure along the corridor, as per discussion between NHAI and Government.

As a first step towards this task, preparation of Detailed Project Reports is being undertaken by NHAI. In the first phase, DPRs of identified 15000 km is proposed to be prepared. In LOT1, NHAI has invited bids for preparation of DPRs for 15,000 km of length in the country. Bids have been invited in 45 packages of about 300 Km length each.

In order to drastically reduce the time taken for conducting surveys, it has been decided to use latest technologies such as LiDAR, Satellite mapping and Ground Penetration Radar (GPR) in preparation of DPRs. This will also help to make data collection comprehensive with accurate measure points and increase the safety for project personnel.

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Maestros Electronics & Telecommunications Systems standalone net profit declines 38.24% in the September 2016 quarter
Nov 15,2016

Net profit of Maestros Electronics & Telecommunications Systems declined 38.24% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015. Sales rose 65.33% to Rs 3.29 crore in the quarter ended September 2016 as against Rs 1.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.291.99 65 OPM %10.3322.11 - PBDT0.400.51 -22 PBT0.310.34 -9 NP0.210.34 -38

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Shekhawati Poly-Yarn reports standalone net loss of Rs 7.95 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Shekhawati Poly-Yarn reported to Rs 7.95 crore in the quarter ended September 2016 as against net loss of Rs 18.22 crore during the previous quarter ended September 2015. Sales declined 48.25% to Rs 24.05 crore in the quarter ended September 2016 as against Rs 46.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24.0546.47 -48 OPM %1.91-25.22 - PBDT-5.39-15.82 66 PBT-7.83-18.46 58 NP-7.95-18.22 56

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AIA Engineering consolidated net profit rises 13.24% in the September 2016 quarter
Nov 15,2016

Net profit of AIA Engineering rose 13.24% to Rs 112.35 crore in the quarter ended September 2016 as against Rs 99.21 crore during the previous quarter ended September 2015. Sales rose 8.15% to Rs 514.78 crore in the quarter ended September 2016 as against Rs 476.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales514.78476.00 8 OPM %30.9730.07 - PBDT185.26161.93 14 PBT168.21145.44 16 NP112.3599.21 13

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Adinath Bio-Labs standalone net profit declines 75.00% in the September 2016 quarter
Nov 15,2016

Net profit of Adinath Bio-Labs declined 75.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 27.27% to Rs 0.16 crore in the quarter ended September 2016 as against Rs 0.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.160.22 -27 OPM %25.0036.36 - PBDT0.040.08 -50 PBT0.010.04 -75 NP0.010.04 -75

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Rishi Laser reports consolidated net loss of Rs 0.70 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Rishi Laser reported to Rs 0.70 crore in the quarter ended September 2016 as against net loss of Rs 3.23 crore during the previous quarter ended September 2015. Sales declined 16.32% to Rs 19.89 crore in the quarter ended September 2016 as against Rs 23.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19.8923.77 -16 OPM %3.621.81 - PBDT0.25-2.00 LP PBT-0.68-3.13 78 NP-0.70-3.23 78

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