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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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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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Pudumjee Paper Products gets revision in credit ratings
Dec 17,2016

Pudumjee Paper Products has received revision in credit ratings from CRISIL.

Total Bank Loan Facilities Rated Rs 250 crore
Long term rating - CRISIL BBB+/ Positive (outlook revised from Stable and rating reaffirmed)

Short term rating - CRISIL A2 (Reaffirmed)

Rs 35 crore Fixed Deposits - FA-/ Positive (Outlook revised from Stable and rating reaffirmed)

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Standard Capital Markets to hold board meeting
Dec 17,2016

Standard Capital Markets announced that the next meeting of the Board of Directors of the Company is scheduled to be held on 26 December 2016, to consider the resignation of Kapoor Chand Gupta.

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Board of Jindal Stainless to consider conversion of loan and preferential issue of warrants/ shares
Dec 16,2016

Jindal Stainless announced that the meeting of the Board of Directors of the Company will be held on 23 December 2016, inter alia, to consider and approve the followings:

1. Issuance of Equity Shares/Preference Shares to the Lenders of the Company on Preferential Basis upon conversion of Funded Interest Term Loan I & II (n++FITLn++).

2. Issuance of Convertible Warrants/Equity Shares to the Promoter Group of Companies on Preferential Basis.

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NTPC signs MoU with National Aluminium Company
Dec 16,2016

NTPC announced about the signing of an Memorandum of Understanding on 16 December 2016 between NTPC and National Aluminium Company (NALCO) to set up the proposed joint venture Company between NTPC and NALCO to supply about 2400 MW power from proposed coal based power project at Dhenkanal, Odisha for meeting captive power requirement of NALCO for proposed greenfield Aluminium Smelter Plant at Kamakhya Nagar, Dhenkanal and expansion at Angul in Odisha.

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Board of Zee Learn decides to withdraw from merger process with Tree House
Dec 16,2016

Zee Learn announced that the Board of Directors meeting of the Company held on 16 December 2016, the Board took cognizance of the recent adverse media reports of Tree House closing down hundreds of its playgroup centres abruptly leaving parents / students high and dry and of many parents filing police complaints against Tree House and its Promoters. The Board feels that this may change the complete business dynamics of Tree House and is not in the spirit of the Scheme of Amalgamation signed between ZLL and Tree House. This fact coupled with the steadily deteriorating financials of Tree House, allegations of irregularities by Tree House / its Promoters and the need to protect the interest of ZLL shareholders, led to the Board of ZLL to unanimously agree to withdraw from the merger process with Tree House.

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Board of Excel Castronics approves appointment of directors
Dec 16,2016

The Board of Directors of Excel Castronics at its meeting held on 16 December 2016 transacted the following -

Approved the appointment of Sanjay Jobanputra and Viren Vaghela as Additional Directors (Non-Executive and Independent) of the Company with effect from 16 December 2016.

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Board of Cyber Media (India) appoints directors
Dec 16,2016

Cyber Media (India) announced that the board of Directors have, vide Circular Resolution dated 14 December 2016, appointed Shravani Dang and Pramod Kumar Sanghi, as Additional Directors (Non-executive Independent) with effect from 13 December 2016, to hold office upto the date of the ensuing Annual General Meeting of the Company.

The appointment of Shravani Dang and Pramod Kumar Sanghi as Additional Directors is subject to approval of shareholders and their term of office shall be decided by the shareholders at the ensuing Annual General Meeting of the Company.

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Capital First allots equity shares
Dec 16,2016

Capital First announced that the Allotment Committee of the Board of Directors of the Company through a resolution passed at its meeting held on 16 December 2016, has allotted 206,575 equity shares of Rs. 10/- each fully paid up to the allottees upon exercise of stock options pursuant to the various CFL - Employee Stock Option Schemes.

With the allotment of the above shares, the equity base of the Company stands increased from present level of 9,71,71,744 (Nos.) to 9,73,78,319 (Nos.) squity shares of Rs. 10/- each.

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Den Networks reports standalone net loss of Rs 65.34 crore in the September 2016 quarter
Dec 16,2016

Net Loss of Den Networks reported to Rs 65.34 crore in the quarter ended September 2016 as against net loss of Rs 74.74 crore during the previous quarter ended September 2015. Sales rose 18.11% to Rs 227.19 crore in the quarter ended September 2016 as against Rs 192.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales227.19192.36 18 OPM %-0.77-28.35 - PBDT-6.47-48.62 87 PBT-58.17-81.26 28 NP-65.34-74.74 13

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