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Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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Kush Industries reports standalone net loss of Rs 0.34 crore in the March 2017 quarter
Jun 01,2017

Net loss of Kush Industries reported to Rs 0.34 crore in the quarter ended March 2017 as against net profit of Rs 0.02 crore during the previous quarter ended March 2016. Sales rose 600.00% to Rs 0.56 crore in the quarter ended March 2017 as against Rs 0.08 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 1.16 crore in the year ended March 2017 as against net loss of Rs 0.14 crore during the previous year ended March 2016. Sales rose 195.65% to Rs 1.36 crore in the year ended March 2017 as against Rs 0.46 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.560.08 600 1.360.46 196 OPM %-83.93-150.00 --96.32-89.13 - PBDT-0.44-0.06 -633 -1.21-0.24 -404 PBT-0.46-0.08 -475 -1.28-0.31 -313 NP-0.340.02 PL -1.16-0.14 -729

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Spisys reports standalone net loss of Rs 0.01 crore in the March 2017 quarter
Jun 01,2017

Net Loss of Spisys reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 3.08 crore during the previous quarter ended March 2016. Sales declined 29.71% to Rs 1.23 crore in the quarter ended March 2017 as against Rs 1.75 crore during the previous quarter ended March 2016.

For the full year,net profit declined 56.67% to Rs 0.26 crore in the year ended March 2017 as against Rs 0.60 crore during the previous year ended March 2016. Sales declined 63.68% to Rs 8.31 crore in the year ended March 2017 as against Rs 22.88 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1.231.75 -30 8.3122.88 -64 OPM %-205.69-161.14 --25.034.20 - PBDT-2.47-2.78 11 -2.041.04 PL PBT-2.54-2.85 11 -2.270.83 PL NP-0.01-3.08 100 0.260.60 -57

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Tarapur Transformers reports standalone net loss of Rs 1.74 crore in the March 2017 quarter
Jun 01,2017

Net Loss of Tarapur Transformers reported to Rs 1.74 crore in the quarter ended March 2017 as against net loss of Rs 0.30 crore during the previous quarter ended March 2016. Sales rose 29.82% to Rs 8.14 crore in the quarter ended March 2017 as against Rs 6.27 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.26 crore in the year ended March 2017 as against net loss of Rs 1.05 crore during the previous year ended March 2016. Sales rose 27.91% to Rs 28.14 crore in the year ended March 2017 as against Rs 22.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales8.146.27 30 28.1422.00 28 OPM %-31.33-26.32 --10.45-11.00 - PBDT-1.290.18 PL -0.420.91 PL PBT-1.74-0.30 -480 -2.26-1.05 -115 NP-1.74-0.30 -480 -2.26-1.05 -115

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SEL Manufacturing Company reports standalone net loss of Rs 64.40 crore in the March 2017 quarter
Jun 01,2017

Net Loss of SEL Manufacturing Company reported to Rs 64.40 crore in the quarter ended March 2017 as against net loss of Rs 210.97 crore during the previous quarter ended March 2016. Sales rose 11.75% to Rs 524.22 crore in the quarter ended March 2017 as against Rs 469.11 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 557.55 crore in the year ended March 2017 as against net loss of Rs 401.95 crore during the previous year ended March 2016. Sales declined 12.17% to Rs 1710.62 crore in the year ended March 2017 as against Rs 1947.73 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales524.22469.11 12 1710.621947.73 -12 OPM %-52.2816.44 --28.2513.30 - PBDT-284.453.84 PL -513.7827.12 PL PBT-312.14-66.40 -370 -627.87-257.38 -144 NP-64.40-210.97 69 -557.55-401.95 -39

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Appu Marketing & Manufacturing reports standalone net profit of Rs 0.14 crore in the March 2017 quarter
Jun 01,2017

Net profit of Appu Marketing & Manufacturing reported to Rs 0.14 crore in the quarter ended March 2017 as against net loss of Rs 0.02 crore during the previous quarter ended March 2016. Sales declined 90.00% to Rs 0.10 crore in the quarter ended March 2017 as against Rs 1.00 crore during the previous quarter ended March 2016.

For the full year,net profit rose 183.33% to Rs 0.17 crore in the year ended March 2017 as against Rs 0.06 crore during the previous year ended March 2016. Sales declined 97.03% to Rs 0.10 crore in the year ended March 2017 as against Rs 3.37 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.101.00 -90 0.103.37 -97 OPM %0-37.00 --210.00-7.72 - PBDT0.20-0.02 LP 0.250.10 150 PBT0.20-0.02 LP 0.250.10 150 NP0.14-0.02 LP 0.170.06 183

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Kallam Spinning Mills company secretary resigns
Jun 01,2017

Kallam Spinning Mills has announced that Mane Prasanna Kumar has resigned from the post of Company Secretary with effect from close of business hours of 31st May, 2017, and hence also ceases to be the Compliance Officer of the Company.

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Camson Seeds Chief Financial Officer resigns
Jun 01,2017

Camson Seeds has announced Siddharth Sarraf has resigned from the office of Chief Financial Officer of the Company and is relieved from the services of the organization w.e.f. closing hours of 31st May 2017.

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Outcome of board meeting of BCL Industries and Infrastructures
Jun 01,2017

BCL Industries and Infrastructures at the board meeting held on 31 May 2017 has approved to change the name of the company from BCL Industries & Infrastructures Limited to BCL Industries Limited subject to approval by shareholders in Annual General Meeting, and to purchase 51% shares of M/s Svaksha Distillery Limited, resulting in making it a subsidiary of the company.

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KSB Pumps management changes
Jun 01,2017

KSB Pumps has announced Mr. Verghese Oommen has resigned from the position of Chief Financial Officer w.e.f. close of business hours on 31st May 2017.

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In the year 2014-17, milk production increased by 16.9% to 465.5 million tonnes as compared to 398 million tonnes during 2011-14: Shri Singh
Jun 01,2017

Union Agriculture & Farmers Welfare Minister Radha Mohan Singh stated that India is a World leader in milk production for the past 15 years and this achievement is primarily due to the contribution of smallholder dairy farmers, milk producers, milk processing and marketing organisations and various other stakeholders involved. He further said that although considerable progress has been made in Milk Production, still we have miles to cover in order to provide milk-based nutrition support to all the children in the country.

Union Agriculture & Farmers Welfare Minister said that in the year 2014-17, milk production increased by 16.9% to 465.5 million tonnes as compared to 398 million tonnes during 2011-14. Similarly, in the year 2014-17, income of farmers increased by 13.79% to Rs.33 per litre as compared to Rs.29 per litre during 2011-14.

Shri Singh stated that in order to increase the productivity of Indigenous Cattle, the allocation for preservation and development of Indigenous Breeds has been increased manifold. For the first time in the country, an initiative called Rashtriya Gokul Mission has been taken with an objective to preserve and develop indigenous bovine. Major objectives of the mission are establishment of Gokul Gram, Field Performance recording, awarding farmers and institutes involved in the scientific rearing of Indigenous animals, strengthening Bull Mother farms, and inducting high genetic merit Bulls of Indigenous Breed into Semen Stations. Further, two National Kamdhenu Breeding Centres are being established as centres of excellence for preservation and development of Indigenous Breeds in a scientific way. Besides being a storehouse of Indigenous Germplasm, National Kamdhenu Breeding Centres would also be a source of proven genetics.

Union Agriculture & Farmers Welfare Minister said that an amount of Rs.25 crore has been released for each centre in Madhya Pradesh in North region and Andhra Pradesh in South region for the establishment of National Kamdhenu Breeding Centre. National Kamdhenu Breeding Centre in Andhra Pradesh is almost ready.

Shri Singh said that Indigenous Breeds, besides being heat tolerant and resistant to diseases, are popular for producing A2A2 type milk which protects us from various chronic health problems such as Cardio Vascular Diseases, Diabetes and Neurological Disorders besides providing several other health benefits. There is a need to market A2A2 milk separately in the country.

Union Agriculture & Farmers Welfare Minister further, stated that in order to meet the growing demand of milk and to make milk production more profitable, Government of India has approved new scheme - National Mission for Bovine Productivity - and allocated Rs.825 crore for the same. For the first time in the country, E-Pashu Haat portal has been established under Rashtriya Gokul Mission. The portal would play a vital role in making available quality bovine germplasm by linking farmers with livestock rearers. This portal would help the livestock rearers and the farmers to sell and purchase Cattle and Buffaloes of Indigenous Breeds. The Minister said that Honble Prime Minister has an objective to double farmers income by 2022. The dairy sector will play a significant role in achieving this objective. He stated that all the stakeholders will have to work together to achieve this objective.

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Power Finance Corporation director relinquishes position
Jun 01,2017

Power Finance Corporation has announced that R Nagarajan has relinquished the charge of the post of Director (Finance) of the Company w.e.f. 31st May 2017 on superannuation.

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Yash Chemex changes directorate
Jun 01,2017

Yash Chemex has appointed Vrusha Patel as an Additional Independent Non-Executive Director of the Company for a period of 3 years with effect from 29th May 2017.

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IMP Powers bags first order for Kinetic Energy Turbines
Jun 01,2017

IMP Powers has received its 1st order for supply and installation of (5KW X 4) Kinetic energy Turbines which is the first of its kind in India.

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Pritika Auto Industries reports standalone net loss of Rs 0.27 crore in the March 2017 quarter
Jun 01,2017

Net loss of Pritika Auto Industries reported to Rs 0.27 crore in the quarter ended March 2017 as against net profit of Rs 0.53 crore during the previous quarter ended March 2016. Sales declined 44.44% to Rs 0.15 crore in the quarter ended March 2017 as against Rs 0.27 crore during the previous quarter ended March 2016.

For the full year,net profit declined 66.67% to Rs 0.02 crore in the year ended March 2017 as against Rs 0.06 crore during the previous year ended March 2016. Sales declined 34.15% to Rs 0.27 crore in the year ended March 2017 as against Rs 0.41 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.150.27 -44 0.270.41 -34 OPM %-226.6733.33 --85.19-21.95 - PBDT-0.210.56 PL 0.080.09 -11 PBT-0.210.56 PL 0.080.09 -11 NP-0.270.53 PL 0.020.06 -67

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Omansh Enterprises reports standalone nil net profit/loss in the March 2017 quarter
Jun 01,2017

Omansh Enterprises reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.08 crore during the previous quarter ended March 2016. Sales rose 181.25% to Rs 0.45 crore in the quarter ended March 2017 as against Rs 0.16 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.02 crore in the year ended March 2017. There were no net profit/loss reported during the previous year ended March 2016. Sales declined 19.16% to Rs 1.73 crore in the year ended March 2017 as against Rs 2.14 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.450.16 181 1.732.14 -19 OPM %6.67-37.50 -2.31-5.14 - PBDT0.03-0.02 LP 0.050.06 -17 PBT0.01-0.04 LP 0.030.04 -25 NP0-0.08 100 0.020 0

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