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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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Shares of Sheela Foam get listed
Dec 09,2016

The equity shares of Sheela Foam (Scrip Code: 540203) are listed effective 09 December 2016 and admitted to dealings on the Exchange in the list of B Group Securities.

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Board of Sita Shree Food Products to consider September quarter results
Dec 08,2016

Sita Shree Food Products announced that the Board of Directors of the company will meet on 14 December 2016 to consider and approve un-audited financial results for the quarter ended 30 September 2016.

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Jammu and Kashmir Bank to announce Q2 results
Dec 08,2016

Jammu and Kashmir Bank announced that the Board of the Bank will meet on 15 December 2016; inter alia, to consider the Reviewed Financial Results of the Bank for the Quarter & Half year ended 30 September 2016 (Q2).

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PNC Infratech director resigns
Dec 08,2016

PNC Infratech announced Dharam Veer Sharma has resigned from the directorship held in the Company with effect from closing of business hours of 08 December 2016.

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Board of Jindal Steel & Power approves change in directorate
Dec 08,2016

Jindal Steel & Power announced that the Board of Directors of the Company at its meeting held on 08 December 2016, inter alia, has approved the following:

1. Adopted and approved the Dividend Distribution Policy as required by Regulation 43A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2016 and be hosted on the website of the Company viz. www.jindalsteelpower.com.

2. Took note of resignation of Haigreve Khaitan as Independent Director of the Company with effect from 07 December 016.

3. Took note of withdrawal of nomination of Shalil Mukund Awale as Nominee Director - IDBI Bank.

4. Considered and approved the appointment of Deepak Sood as Additional Director in the category of Nominee Director - IDBI Bank.

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Infibeam Incorporation allots equity shares
Dec 08,2016

Infibeam Incorporation announced that the Nomination and Remuneration Committee (NRC) of the Company in its meeting held on 08 December 2016, has approved allotment of 23,532 Equity Shares of Rs. 10/- each to the option grantees who have exercised their options under Employee Stock Option Scheme 2013-14 and Employee Stock Option Scheme 2014-15.

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Board of Finolex Industries appoints company secretary and compliance officer
Dec 08,2016

The Board of Finolex Industries approved the appointment of Vidya Shembekar as Company Secretary, Compliance Officer and KMP of the Company with immediate effect.

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Outcome of board meeting of Ujjivan Financial Services
Dec 08,2016

Ujjivan Financial Services announced that the Board of Directors of the Company at its meeting held on 08 December 2016 approved the following -

Approved amendment of objects clauses of Memorandum of Association to bring objects clause of the Company in line with that of a Core Investment Company.

Approved increase in borrowing power of the Company to 7000 crore. Further approved increasing the limit of raising NCDs to 1500 crore for FY2017 subject to overall borrowing limit of Rs 7000 crore.

Approved the creation of charge over the receivables of the Company for a value of not exceeding Rs 7500 crore.

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Outcome of board meeting of VXL Instruments
Dec 08,2016

VXL Instruments announced that the Board of Directors of the Company at its meeting held on 08 December 2016, discussed the contents of the Order of the High Court of Justice, Chancery Division, Companies Court (Court) UK. Upon the petition of a creditors the Court ordered that VXL Instruments UK be wound up by this Court under the provisions of the Insolvency Act, 1986.

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Board of Electrosteel Steels approves change in directorate
Dec 08,2016

The Board of Directors of Electrosteel Steels at its meeting held on 08 December 2016 has approved the appointment of Devaprasad Mozumdar, as Nominee Director for the Lenders of the Company with effect from 08 December 2016. The Board also approved Jayantika Ganguly as an Additional Independent Woman Director with effect from 08 December 2016.

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Board of Usher Agro approves allotment of shares under SDR
Dec 08,2016

Usher Agro announced that the Board of Directors of the Company at its meeting held on 08 December 2016 has approved allotment of 3,96,12,471 equity shares of face value of Rs 10 each to lenders at Rs 11.09 per share in pursuance of Strategic Debt Restructuring Scheme as invoked by Joint Lenders Forum. The Board also approved the resignation of Manoj Pathak, Director of the Company with effect from 07 December 2016. The Board took note of change in nominee director on behalf of IDBI Bank with effect from 30 November 2016.

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Outcome of board meeting of Bloom Industries
Dec 08,2016

Bloom Industries announced that the Board of Directors of the Company at its meeting held on 08 December 2016 has approved the sale of land and building and other assets for consideration of Rs 4.50 crore to Kamal Dolatram Sewda, Proprietor of Angle Steel Processing Unit. The Board also approved the shifting of registered office of the Company.

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Agenda of board meeting of Nikhil Adhesives
Dec 08,2016

Nikhil Adhesives announced that the meeting of the Board of Directors of the Company will be held on 16 December 2016, inter alia, Approval of circular (Form DTP-1) for acceptance of fresh deposits from the members of the Company and resignation and appointment of Company Secretary & Compliance Officer.

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Outcome of board meeting of Amsons Apparels
Dec 08,2016

Amsons Apparels announced that the Board of Directors of the Company at its meeting held on 08 December 2016 has approved the resolution for migration of the Company from SME platform of the BSE to Main Board of BSE.

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Sterling Biotech intimates of termination of GDR facility
Dec 08,2016

Sterling Biotech announced that the Bank of New York Mellon, in its capacity as Depository to the Global Depositary Receipts (GDRs) issued by the Company in the year 2003, have issued Termination Notice to the holders of GDRs intimating that they will terminate the Deposit Agreement dated 01 October 2003, and as a result the existing GDR facility will be terminated effective 5.00 p.m. (Eastern Time) on 06 March 2017.

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