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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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Maharashtra Corporation appoints director and CFO
Nov 14,2016

Maharashtra Corporation announced that the Company had appointed Sanjay Choubisa as an Additional Director and Chief Financial Officer and Pankaj Yadav as Company Secretary and Compliance Officer w.e.f. 12 November 2016.

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the exemption given to service providers located in foreign territory but providing taxable OIDAR services
Nov 14,2016

With a view to provide a level playing field to Indian service providers providing taxable online information and database access or retrieval [OIDAR] services including electronic services in India, the exemption to such services provided in India by service providers located in foreign territory is being withdrawn with effect from 1st December 2016. Thus cross border business to consumer [B2C] OIDAR services provided by a foreign service provider to a person in India will become taxable from 1st December 2016 onwards.

The salient features of this levy are as under:

n++ A simplified online mechanism of taking registration has been prescribed and registration will be deemed to be granted online on submission of registration application.

n++ A simplified mechanism of online payment of taxes and online filing of returns is being prescribed.

A detailed Circular No. 202/12/2016-Service Tax dated 09 November 2016 has been issued by CBEC, explaining the likely issues arising from the withdrawl of this exemption.

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Board of Agio Paper & Industries approves change in directorate
Nov 14,2016

Agio Paper & Industries announced that the Board of Directors of the Company at its meeting held on 12 November 2016, have approved the appointment of Mohini Agarawal as an Additional Non-Executive Director of the company (considered as Independent Director as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015) as per section 161 of the Companies Act, 2013 with effect from 12 November 2016. She will hold office upto the next Annual General Meeting.

Further, the same meeting accepted the resignation of Sudha Dhanuka as an independent / woman director of the company as per section 168 of the Companies Act, 2013 with effect from 12 November 2016.

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Indian market closed for trading on Monday
Nov 14,2016

Indian stocks, bonds and currency markets will be closed on Monday (14th November) for a holiday. Trading will resume on Tuesday.

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Outcome of board meeting of Sayaji Hotel
Nov 14,2016

The Board of Sayaji Hotels at its meeting held on 12 November considered and approved the sanction letter of State Bank of India for their credit facility of Rs 23.50 crore.

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Board of Empee Distilleries announces resignation of company secretary
Nov 14,2016

Empee Distilleries announced that the Board of Directors of the Company at its meeting held on 12 November 2016, inter alia, transacted the following :

- K. Murali, Company Secretary and compliance officer has resigned from the service of the Company and the Board relieved him from the position of Company Secretary and compliance officer w.e.f. 12 November 2016.

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Board of Banco Products (India) appoints CEO
Nov 14,2016

The Board of Banco Products (India) approved the appointment of Praveen Rao as Chief Executive Officer and KMP of the Company with effect from 12 November 2016.

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Board of Visagar Polytex approves resignation of director
Nov 14,2016

Visagar Polytex announced that the Board of Directors of the Company at its Meeting held on 12 November 2016, inter alia, has approved and taken on record the following -

1. Considered and accepted the resignation tendered by Kamal Ahuja from the directorship of the Company.

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Board of Shree Pushkar Chemicals & Fertilizers accepts withdrawal of nominee director
Nov 14,2016

Shree Pushkar Chemicals & Fertilizers announced that the Board of Directors of the Company took on record a letter of withdrawal of nomination of Poonam Garg as received from IFCI Ventures Capital Funds.

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Board of Greenearth Resources & Projects accepts resignation of director
Nov 14,2016

The Board of Greenearth Resources & Projects approved the resignation of Loknath Mishara from the Post of Independent Director of the Company.

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Ellora Paper Mills to announce September quarter results
Nov 14,2016

Ellora Paper Mills announced that a meeting of Board of Director of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Result for the quarter ended on 30 September 2016.

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Adani Ports & Special Economic Zone gets credit ratings assigned
Nov 14,2016

Adani Ports & Special Economic Zone announced that Moodys, Fitch Ratings and S & P Global Ratings has assigned following provisional rating to the proposed foreign currency denominated bonds issuance by the Company:

i) Moodys Investors Service - Baa3 rating. The outlook on the rating is negative

ii) Fitch Ratings - BBB- (Exp) rating. The outlook on the rating is stable

iii) S & P Global ratings - BBB-rating. The outlook on the rating is negative

Further, the senior management team of the Company together with the joint lead managers appointed for the proposed issue of foreign currency denominated bonds shall engage in meetings and presentations with institutional investors, analysts, amongst others, outside of India, in relation to the proposed issuance.

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Board of Indo Euro Indchem appoints company secretary
Nov 14,2016

Indo Euro Indchem announced that the Board of Directors of the Company at its meeting held on 12 November 2016, inter alia, has considered and taken on record the following matters:

1. Appointment of Anushree Amol Rane as a Company Secretary and Compliance Officer of the Company w.e.f. 01 November 2016.

2. Appointment of Amit Bhatt & Associates, Chartered Accountants as an Internal Auditor of the Company w.e.f. 01 November 2016.

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Board of Todays Writing Instruments approves change in directorate
Nov 14,2016

Todays Writing Instruments announced that the Board of Directors of the Company at its meeting held on 12 November 2016, inter alia, have approved the following:

1. Resignation of Rajiv Drolia as the Chief Financial Officer of the Company.

2. Appointment of Rajiv Drolia as an Additional Director and Managing Director of the Company.

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Outcome of board meeting of Sree Sakthi Paper Mills
Nov 14,2016

Sree Sakthi Paper Mills announced that the Board of Directors of the Company at its meeting held on 12 November 2016, inter alia, has transacted the following;

1. V. N. Sridharan has been appointed as Chief Financial Officer.

2. N.Subramanian, Chennai appointed as Independent Additional Director

3. Approved availment of Incorporate loan of Rs. 7,12,00,000/- from Kailash Logistics.

4. Discussed options regarding reopening of Edayar Factory.

5. Fixed date for next Annual General Meeting on 30 December 2016.

6. Approved the Draft Directors report and Corporate Governance report.

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