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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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Rallis India to acquire remaining stake holding in subsidiary
Nov 23,2016

Rallis India announced that the Company has on 23 November 2016 signed an Agreement for increasing its stake in its Subsidiary, Zero Waste Agro - Organics from 73.63% to 100%. Consequently, ZWAOL will become a wholly owned subsidiary of the Company, on completion of the acquisition of the balance shares in ZWAOL.

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Ruchi Infrastructure announces resignation of director
Nov 23,2016

Ruchi Infrastructure announced that due to pre-occupation, Amrtia Shahra Sachdev has resigned from the Board of Directors of the Company.

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Shares of High Ground Enterprise get listed on NSE
Nov 23,2016

High Ground Enterprise announced that the National Stock Exchange of India vide its letter dated 23 November 2016 have admitted 115,115,949 equity shares of Re. 1/- of the Company for trading on its exchange w.e.f. 24 November 2016.

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ITC allots equity shares
Nov 23,2016

ITC announced that the Company on 23 November 2016 issued and allotted 1,83,800 Ordinary Shares of Rs. 1/- each, upon exercise of 18,380 Options by Optionees under the Companys Employee Stock Option Schemes.

Consequently, with effect from 23 November 2016, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1211,93,84,761/- divided into 1211,93,84,761 Ordinary Shares of Rs. 1/- each.

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Axis Bank allots Tier II Debentures aggregating Rs 1800 crore
Nov 23,2016

Axis Bank announced that the Board of Directors of the Bank vide its Resolution passed by Circulation on 23 November 2016, allotted 18,000 Unsecured Redeemable Non-Convertible Subordinated Debentures (Basel- III Compliant Tier II Debentures) (Series - 25) of the face value of Rs. 10 lakh each for cash at par aggregating to Rs. 1800 crore (Rupees Eighteen Hundred Crore only), on a private placement basis. The said Debentures will be listed on the Wholesale Debt Market segment of the BSE and National Stock Exchange of India.

The said Debentures is rated n++AAA by ICRA and Ind-Ra

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Pratibha Industries secures a contract valued Rs 92.22 crore
Nov 23,2016

Pratibha Industries announced that Tamil Nadu Water Supply and Drainage Board has awarded a contract to the Company for providing combined water supply scheme to 293 rural habitations in Musiri, Thathyanagarpettai, Thuraiyur and Uppiliyapuram unions in Trichy District including paid maintenance for five years. The total value of the contract is Rs 92.22 crore.

With this, the Company has won contracts aggregating Rs 700 crore in recent times. The Company emerged as the lowest bidder in tenders for contracts worth Rs 370 crore and they are expected to be finalised soon.

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Shree Ganesh Jewellery House (I) appoints director
Nov 23,2016

Shree Ganesh Jewellery House (I) announced that Abhishek Kumar has been appointed Additional Director (Executive) on the Board of the Company w.e.f. 15 November 2016.

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MMTC announces change in directorate
Nov 23,2016

MMTC announced that pursuant to order vide communication dtd. 02 November 2016 of the Department of Commerce, MOC & I, Dr. Inder Jit Singh, Additional Secretary has assumed the charge of Part Time Govt. Nominee Director on the Board of MMTC vice Ajay Kumar Bhalla. The Board of Directors through circular resolution passed on 22 November 2016 has confirmed the appointment of Dr. Inder Jit Singh.

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Board of Sagar Cements to consider preferential issue of equity shares
Nov 23,2016

Sagar Cements announced that the shareholders of the Company at their Extraordinary General Meeting held on 23 November 2016, inter-alia, considered and voted on a resolution for issue of up to 611986 Equity Shares of Rs. 10/- each of the Company on a preferential basis and the outcome of the said voting is awaited. In this connection, the Company further informed that based on the said outcome, the Board of the Company at its meeting proposed to be held on 28 November 2016, inter-alia, consider fixing the issue price for the above said equity shares.

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Supreme Infrastructure India to consider September quarter and half year results
Nov 23,2016

Supreme Infrastructure India announced that the meeting of the Board of Directors of the Company will be held 03 December 2016, to inter-alia, consider and approve the Un-audited Financial Results for the quarter and half year ended 30 September 2016.

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Board of Srestha Finvest to consider delisting from MSEI
Nov 23,2016

Srestha Finvest announced that the meeting of Board of Directors will be held on 01 December 2016 to consider for delisting of securities from The Metropolitan Stock Exchange of India (MSEI).

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Board of MEP Infrastructure Developers to consider Q2 and HY results
Nov 23,2016

MEP Infrastructure Developers announced that a meeting of the Board of Directors of the Company will be held on 12 December 2016; to consider, approve and take on record the Un-Audited Standalone and Consolidated Financial Results of the Company for the 2nd quarter and half year ended 30 September 2016.

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Board of Enkei Wheels India approves allotment of equity shares to promoter
Nov 23,2016

Enkei Wheels India announced that the Board of Directors of the Company at its meeting held on 23 November 2016 has approved to issue up to 743,835 equity shares to its promoter, Enkei Corporation, Japan on preferential basis.

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Board of B P Capital to consider merger proposal
Nov 23,2016

B P Capital announced that a meeting of the Board of Directors of the Company is scheduled to be held on 26 November 2016, inter alia, to consider and approve the proposed merger of Satellite Buildwel and Diamond Footcare Udyog with B P Capital and any other business with the permission of the Board.

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Board of Walchandnagar Industries accords consent to avail facilities upto Rs 235 cr
Nov 23,2016

Walchandnagar Industries announced that the Board in its Meeting held on 22 November 2016 accorded its consent for availing the financial facilities in the form of loan and / or Non convertible debentures (NCD) up to Rs. 235 crore which shall be used partly for repayment of existing loans and partly for long term working capital requirement of the Company. The Board also approved issue of Non-convertible Debentures (NCD), on a private placement basis, up to Rs. 150 crore out of financial facility of Rs. 235 crore, subject to the approval of Shareholders and balance would be as loan.

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