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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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Mysore Petro Chemicals announces resignation of CFO
May 30,2017

Mysore Petro Chemicals announces the resignation of Paras Jain as CFO of the Company with effect from 31 May 2017.

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Board of POCL Enterprises approves change in directorate
May 30,2017

The Board of Directors of POCL Enterprises at its meeting held on 30 May 2017 approved the change in designation of Sunil Kumar Bansal from joint Managing Director to Managing Director with immediate effect.

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K S Oils announces change in company secretary and compliance officer
May 30,2017

K S Oils has announced the appointment of Kiran Pandey as Company Secretary and Compliance Officer with effect from 20 June 2017 in place of Pooja Sharma who resigned with effect from 30 May 2017.

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Board of Olympic Oil Industries appoints CFO
May 30,2017

Olympic Oil Industries has appointed Manoj Kumar Upadhyay as a Chief Financial Officer (Key Managerial Personnel) w.e.f. 01 June 2017 at board meeting held on 30 May 2017.

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Oriental Bank of Commerce gets revision in credit ratings
May 30,2017

Oriental Bank of Commerce announced that its has received revision in credit ratings from ICRA as under -

Upper Tier II Bonds Basel II (Rs 500 crore) - ICRA A+ (Revised from ICRA AA-)

Lower Tier II Bonds Basel II (Rs 1200 crore) - ICRA AA- (Revised from ICRA AA)

Basel III Compliant Tier II Bonds (Rs 3000 crore) - ICRA AA- (hyb) (Revised from ICRA AA (hyb))

Basel III Compliant Additional Tier I Bonds (Rs 2000 crore) - ICRA A (hyb) (Revised from ICRA A+ (hyb))

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Karur Vysya Bank appoints company secretary and compliance officer
May 30,2017

Karur Vysya Bank announced that the Board of Directors of the Bank has designated Srinivasa Rao Maddirala, Asst Company Secretary of the Bank as Company Secretary and Compliance Officer of the Bank with effect from 29 May 2017.

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TTK Prestige fixes record date for buyback of shares
May 30,2017

TTK Prestige has fixed 16 June 2017 as record date for buyback of shares.

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Choice International allots 1 crore equity shares
May 30,2017

Choice International has allotted 1,00,00,000 Equity Shares of Face Value of Rs 10/- each pursuant to conversion of Warrants on 30 May 2017.

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Corporation Bank gets reaffirmation in credit ratings
May 30,2017

Corporation Bank has received revision in credit ratings from India Ratings and Research as under -

Long term issuer ratings - IND AA / Stable (Affirmed)
Basel III Tier 2 Bonds (Rs 500 crore) - IND AA / Stable (Affirmed)
Base III Tier I Bonds (Rs 1000 crore) - IND A+ ? Negative (Affirmed)

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Pricol to pay dividend
May 30,2017

Pricol announced that dividend, if approved will be paid before 30 August 2017.

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Board of Sarthak Global does not recommend dividend
May 30,2017

The Board of Directors of Sarthak Global at its meeting held on 30 May 2017, interalia, considered the following -

The Board has not recommended any dividend on Equity Shares of the Company.

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Outcome of board meeting of Wanbury
May 30,2017

Wanbury announced that the Board of Directors of the company at its meeting held on 30 May 2017 approved the following -

a)Issue and grant of 1,00,000 Stock Options as per Wanbury Limited Employee Stock Option Plan 2016 (WANBURY ESOP 2016) each to Vinod Verma, Chief Financial Officer and Prashant Menon, Director, Formulation Business of the Company.

b)Appointment of Poonam Arya Bharti as an Additional Independent Non-executive Woman Director.

c)Appointment of Divakar Kaza as an Additional Independent Non-executive Director.

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Board of Shree Nidhi Trading Company does not recommend dividend
May 30,2017

Shree Nidhi Trading Company announced that the Board of directors of the Company at its meeting held on 30 May 2017 have not recommended dividend for FY 2017.

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Solid Containers appoints company secretary
May 30,2017

Solid Containers has appointed Mehul Pitroda, as Company Secretary and Compliance Officer of the Company w.e.f. 1 June 2017.

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Outcome of board meeting of Lime Chemicals
May 30,2017

Lime Chemicals announced that the Board of Directors of the Company at its meeting held on 30 May 2017 approved the following -

The Company was registered under the provisions of Sick Industrial Companies Act with Board of Industrial & Financial Reconstruction. The said Act was repealed with effect from 01 December 2016 and the Company has the option to apply to National Company Law Tribunal within 180 days from the repeal of SICA. The Board resolved not to apply to NCLT.

The Board approved the issue of 8 lakh equity shares and 24.25 lakh convertible warrants to promoters and non promoters in order to meet the working capital requirements and debt repayment.

Resolved to shift registered office to the corporate office situated at Neco Chambers, 4th floor, Rajiv Gandhi Road, Sector-11, Plot No. 48, C B D Belapur, Navi Mumbai.

Appointment of Firoj Ladhani as CFO with effect from 30 May 2017.

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