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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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Mercator director resigns
Jan 11,2017

Mercator announced that Prem Rajani has resigned from the Directorship of the Company w.e.f 10 January 2017.

The Board of Directors of the Company has accepted his resignation vide Circular resolution passed on 10 January 2017.

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Shiva Cement executed share purchase agreement with JSW Cement
Jan 11,2017

Shiva Cement announced that the Share Purchase Agreement has been executed with JSW Cement, for sale of shares held by the promoters of the Company.

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Board of GDL Leasing & Finance to consider December quarter results
Jan 11,2017

GDL Leasing & Finance will hold a Board of Directors meeting on 30 January 2017 to consider and approve unaudited results of the Company for the quarter ended 31 December 2016.

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Board of Shiva Cement accords approval for potential sale of promoter stake to JSW Cement
Jan 11,2017

Shiva Cement announced that the Board of Directors of the Company at its meeting held on 10 January 2017, has approved the following:

- Consent of the Board be and is hereby accorded for the potential sale of certain shares held by the promoters of the Company to JSW Cement and to execute the Share Purchase Agreement or such other agreements as may be required for giving effect to the potential transactions.

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Board of Devhari Exports (India) approves change in directorate
Jan 11,2017

Devhari Exports (India) announced that the Board of Directors of the Company at its meeting held on 09 January 2017, inter alia, discussed and finalised the following :

1. Premature termination of Pooja Khatuwala due to preoccupation elsewhere, and continuance of Zarna Solanki as a director of the Company.

2. Acceptance of resignation of Raju Katarmal.

3. Appointment of two new directors on the board:

(a) Appointment of Jignesh Thobhani as additional independent director;

(b) Appointment of Shailend Khona as additional promoter director.

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Environment Ministry Invites Comments on Draft Notification for Prevention of Cruelty to Animals (Dog Breeding and Marketing) Rules, 2016
Jan 11,2017

The Ministry of Environment, Forest and Climate Change has invited comments on the draft notification of Prevention of Cruelty to Animals (Dog Breeding and Marketing Rules), 2016. The Ministry will be notifying the proposed draft Rules in the Gazette of India for public information. Any interested person can make any suggestion on the said draft rules in writing for consideration of the Central Government to the Deputy Secretary, Animal Welfare Division, Ministry of Environment, Forest and Climate Change, Indira Paryavaran Bhawan, New Delhi, within 30 days of such publication of the Rules.

Interacting with media-persons, Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, said that till now there were no Rules in the country on the breeding, sale and purchase of dogs. The Minister expressed the hope that the shops and sale and purchase of dogs will be made online.

Objective of the Rules:

The objective of the Rules is to make dog breeders and their marketers accountable and to prevent infliction of any cruelty in this process. There were also no specific rules, or guidelines for mandatory registration of breeders and establishments and requirements to be met by such breeders. Dog breeding and their marketing trade also mushroomed all around. At times, some cruelty has been caused in breeding and marketing of dogs, with little or no accountability.

Process: The proposed Rules provide as under:-

(i) It will be mandatory for all dog breeders and the dog breeding establishments to register themselves with the State Animal Welfare Board of the respective State Governments.

(ii) It defines the breeding requirements/conditions for sale.

(iii) It defines the requirements to be met by the breeders and the establishments used for breeding, or housing dogs, such as health-related requirements, housing facilities, manner of housing dogs, conditions for sale, breeding, micro-chipping, vaccination etc.

(iv) An inspector authorised by the State Board can inspect the establishment.

(v) It is mandatory for dog breeders to maintain proper records of both male and female dogs, their breed, micro-chip number, number of litters, sale, purchase, death, rehabilitation etc.

(vi) Every dog breeder is required to submit yearly report to the State Board regarding animals sold, traded, bartered, brokered, given away, boarded or exhibited during previous year or any other information asked for by the State Board.

Violation of Rules: Non-compliance of the proposed Rules will lead to cancellation of the registration of the dog breeder.

The Ministry has implemented Prevention of Cruelty to Animals (PCA) Act, 1960 to prevent infliction of unnecessary pain, or suffering on animals.

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Tata Motors in spotlight after declaring global wholesales for December
Jan 11,2017

Tata Motors will be watched. The Tata Motors Group global wholesales rose 4% to 95,081 units in December 2016 over December 2015. Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range fell 5% to 30,879 units in December 2016 over December 2015. Global wholesales of all passenger vehicles rose 8% to 64,202 units in December 2016 over December 2015.

Global wholesales for Jaguar Land Rover (JLR) were 53,063 vehicles (*Contains CJLR volume of 8,184 for the month of December 2016). Jaguar wholesales for the month were 15,879 vehicles, while Land Rover wholesales for the month were 37,184 vehicles. The announcement was made after market hours yesterday, 10 January 2017.

Somany Ceramics said that the company has issued commercial paper of Rs 15 crore value dated 10 January 2017 having maturity on 24 March 2017. The issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing. The announcement was made after market hours yesterday, 10 January 2017.

Endurance Technologies said that the companys wholly owned subsidiary in Germany, Endurance Amann GmbH, has commenced operations at its new machining plant from 10 January 2017. The plant is located at Massenbachhausen, Germany, in proximity to the existing two plants of Endurance Amann GmbH. The new plant admeasuring about 4,500 square meters will contain machining operations, warehouse and office facilities. The announcement was made after market hours yesterday, 10 January 2017.

Hind Rectifiers said that its board will meet on 15 January 2017, to consider, in principle, the issue of equity shares on a right basis to the existing equity shareholders of the company. The announcement was made after market hours yesterday, 10 January 2017.

Shiva Cement said that the board of directors of the company at its meeting held on 10 January 2017, has approved the potential sale of certain shares held by the promoters of the company to JSW Cement and to execute the share purchase agreement or such other agreements as may be required for giving effect to the potential transactions. The announcement was made before market hours today, 11 January 2017.

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Innovative Tech Pack shifts corporate office
Jan 10,2017

Innovative Tech Pack has change its corporate office with effect from 10 January 2017 to -

803-805, 8th Floor, Tower-2, Assotech Business Cresterra, Plot No. 22, Sector 135, Noida -201301

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Jolly Merchandise appoints company secretary and MD
Jan 10,2017

Jolly Merchandise announced that the Board of Directors of the company at its meeting held on 10 January 2017 approved the following -

Appointment of Dhanesh Shah as Company Secretary of the Company.

Appointment of Nilesh Khatri as Managing Director of the Company.

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SRG Housing Finance to consider December quarter results
Jan 10,2017

SRG Housing Finance announced that a meeting of board of directors of the Company will be held on 19 January 2017, inter alia, to consider the following:

- To consider, approve and take on record the un-audited financial results of the Company for the Quarter ended 31 December 2016 subject to limited Review of Statutory Auditors thereon.

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Mercantile Ventures intimates of associate company
Jan 10,2017

Mercantile Ventures announced that Alyx Enterprises (Formerly known as Ripon Investments) has become the Companys associate with effect from 09 January 2017 consequent to allotment of equity shares.

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Redington India announces change in directorate
Jan 10,2017

Redington India announced that the Board of Directors through a resolution by circulation had:

1. Considered and approved the appointment of Udai Dhawan as the Non-Executive Director of the Company.

2. Noted the resignation of Nainesh Jaisingh, Non - Executive Director of the Company due to his added roles and responsibilities.

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Delta Corp allots 4.8 lakh equity shares
Jan 10,2017

Delta Corp announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on 10 January 2017, has made allotment of 4,80,000 Equity Shares of Re. 1/- each to the employee of the Company and its subsidiary under Delta Corp ESOP - 2009 Scheme.

The paid up Equity Share Capital of the Company has accordingly increased from 23,11,44,104 Equity Shares of Re. 1/- each to 23,16,24,104 Equity Shares of Re. 1/- each.

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Salem Erode Investments announces resignation of director
Jan 10,2017

Salem Erode Investments announced that Ravi Kumar Shah, a Non-Executive Director of the Company has resigned from his directorship in the Company vide his resignation letter.

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Chembond Chemicals to acquire balance stake in JVC - I Chembond Water Sdn Bhd, Malaysia
Jan 10,2017

Chembond Chemicals has entered into a Share Purchase Agreement (SPA) with (i) I-Chem Solution Sdn Bhd, Malaysia and (ii) I Chembond Water Sdn Bhd, Malaysia, whereby the Company, subject to the conditions to be fulfilled as per the SPA, would acquire additional 49% of the equity shares of I Chembond Water Sdn Bhd, Malaysia.

Post fulfillment of all the necessary terms, conditions & requirements as mentioned in the SPA, the Company would hold 100% of equity share capital of I Chembond Water Sdn Bhd, Malaysia. Further, pursuant to the fulfillment of the terms of the SPA, inter-alia, the Joint Venture (JV) Agreement with I-Chem Solution Sdn Bhd, Malaysia stands terminated.

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