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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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Bodal Chemicals provides update on scheme of amalgamation
Dec 17,2016

Bodal Chemicals announced that the Company has received the certified copy of oral order for approving the Scheme of Amalgamation from Honble High Court of Gujarat.

Furthermore, upon the scheme becoming effective, the transferor company i.e. Bodal Agrotech shall stand dissolved without winding up. Hence, Bodal Chemicals will not submit consolidated financial results henceforth as after this amalgamation, the Company will not have any subsidiary/ associate or JV company.

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MPS Infotecnics enters into agreement with ANI Technologies (OLA)
Dec 17,2016

MPS Infotecnics announced that the Company has entered into an agreement with ANI Technologies (OLA) for booking of OLA Cabs through its UVA Point dealer network.

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Board of Tirupati Industries (India) approves change in directorate
Dec 17,2016

Tirupati Industries (India) announced that the Board of Directors of the Company at its meeting held on 17 December 2016, inter alia, has approved:

1. Resignation of H. M. Jhaveri from the position of Managing Director and Director of the Company with immediate effect.

2. Appointment of K.F. Karani as Additional Director on the Board of the Company with immediate effect.

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Board of Foods & Inns approves private placement of warrants and equity shares
Dec 17,2016

Foods & Inns announced that the Board of Directors of the Company at its meeting held on 17 December 2016 decided the following -

To raise capital by way of -

i) conversion of loan into equity and issue of upto 40000 equity shares on private placement basis.

ii) further issue of 36000 warrants on private placement basis.

iii) further issue of 16500 equity shares on private placement basis.

Approved draft notice of EGM.

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Commercial Syn Bags to set up solar power generation system for captive consumption
Dec 17,2016

Commercial Syn Bags announced that the Company has placed a Purchase Order with Ujaas Energy, Indore on 16 December 2016 for purchase of 1.0 MW (1.2 MW peak (p)) Solar Power Generating System which will be installed at land to be acquired by the Company at Ujaas Solar Park (Sitamau, Madhya Pradesh). The electricity generated through Solar Power Generating System will be used as captive consumption for Companys Manufacturing Units situated at Pithampur (MP).

Further, the cost of project is estimated to be Rs. 6 crore (approx) which will be funded from bank loan and own sources.

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ABC India announces resignation of director
Dec 17,2016

ABC India announced that Rajyavardhan Kajaria, Director of the Company has resigned from the Board of Directors of the Company with effect from 17 December 2016 due to his personal reasons.

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Board of Gayatri Projects to consider sub-division of equity shares
Dec 17,2016

Gayatri Projects announced that the meeting of the Board of Directors of the Company is scheduled to be held on 26 December 2016, inter alia, to transact the following business:

1. To consider and approve the sub-division of the nominal value of the equity shares of Rs. 10/- per share to Rs. 2/- per share and Alteration of Memorandum and Articles of Association of the Company to reflect the same in line with the provisions of the Companies Act, 2013.

2. To approve the notice of postal ballot for seeking approval of the members for business specified in the item no.1.

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GRUH Finance allots equity shares
Dec 17,2016

GRUH Finance announced that the Company has on 16 December 2016, allotted 8,910 equity shares of Rs. 2/- each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Company would stand at Rs. 72,78,61,556 consisting 36,39,30,778 equity shares of Rs. 2 each.

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JHS Svendgaard Laboratories to hold EGM
Dec 17,2016

JHS Svendgaard Laboratories announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 10 January 2017.

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Board of Exdon Trading Company considers directors appointment
Dec 17,2016

Exdon Trading Company announced that the Board of Directors of the Company at its meeting held on 17 December 2016, inter alia, has considered the following:

- To appoint Pallavi Acharya as additional Director of the Company w.e.f. 17 December 2016.

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Outcome of board meeting of Polyspin Exports
Dec 17,2016

Polyspin Exports announced that the Board of Directors of the company at its meeting held on 17 December 2016 resolved to place on record the cessation of Directorship of S Renganathan who expired on 21 November 2016.

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Swastika Investsmart incorporates subsidiary - SWASTIKA INVESTMART (IFSC)
Dec 17,2016

Swastika Investsmart announced that Board of Directors of the Company in their meeting duly held on 11 November 2016, has decided to form a wholly owned subsidiary in the name and style of SWASTIKA INVESTMART (IFSC) which was duly incorporated on 15 December 2016.

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ICRA provides update on subsidiary - ICRA Management Consulting Services
Dec 17,2016

ICRA announced Raghavendra Raghuttama Rao, Managing Director of ICRA Management Consulting Services (n++IMaCSn++), a wholly owned subsidiary of ICRA, has resigned from the position of Managing Director of IMaCS, effective from the close of working hours on 15 December 2016.

Rao, in his new role, will help ICRA group in mentoring and leadership development as well as providing strategic inputs to the group.

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Mahindra & Mahindra intimates of incorporation of JV company - Mahindra MSTC Recycling
Dec 17,2016

Mahindra & Mahindra announced that Mahindra Intertrade (MIL), a wholly owned subsidiary of Mahindra Vehicles Manufacturers (MVML) which in turn is a wholly owned subsidiary of the Company, has on 16 December 2016, incorporated a Joint Venture Company named Mahindra MSTC Recycling (Mahindra MSTC); MSTC, a Government of India enterprise being the Joint Venturer. Mahindra MSTC has become a subsidiary of MIL and in turn of MVML and of the Company with effect from 16 December 2016.

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Shirpur Gold Refinery to hold Board Meeting
Dec 17,2016

Shirpur Gold Refinery announced that the meetings of the Board of Directors of the Company is scheduled to be held on 24 December 2016.

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