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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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Econo Trade India consolidated net profit declines 83.78% in the September 2016 quarter
Nov 15,2016

Net profit of Econo Trade India declined 83.78% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.37 crore during the previous quarter ended September 2015. Sales declined 87.49% to Rs 1.19 crore in the quarter ended September 2016 as against Rs 9.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.199.51 -87 OPM %9.245.68 - PBDT0.110.54 -80 PBT0.110.54 -80 NP0.060.37 -84

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Encore Software reports consolidated net loss of Rs 0.54 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Encore Software reported to Rs 0.54 crore in the quarter ended September 2016 as against net loss of Rs 0.53 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.83 -100 OPM %024.10 - PBDT-0.67-0.40 -68 PBT-0.67-0.41 -63 NP-0.54-0.53 -2

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Daikaffil Chemicals India consolidated net profit rises 50.65% in the September 2016 quarter
Nov 15,2016

Net profit of Daikaffil Chemicals India rose 50.65% to Rs 1.16 crore in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015. Sales declined 2.47% to Rs 7.50 crore in the quarter ended September 2016 as against Rs 7.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.507.69 -2 OPM %22.4013.65 - PBDT1.821.16 57 PBT1.701.06 60 NP1.160.77 51

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Sujala Trading & Holdings standalone net profit declines 60.00% in the September 2016 quarter
Nov 15,2016

Net profit of Sujala Trading & Holdings declined 60.00% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015. Sales reported to Rs 0.44 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.440 0 OPM %9.090 - PBDT0.040.10 -60 PBT0.040.10 -60 NP0.040.10 -60

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Shalimar Agencies reports standalone net profit of Rs 0.09 crore in the September 2016 quarter
Nov 15,2016

Net profit of Shalimar Agencies reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 3033.33% to Rs 2.82 crore in the quarter ended September 2016 as against Rs 0.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.820.09 3033 OPM %3.19-22.22 - PBDT0.09-0.02 LP PBT0.09-0.02 LP NP0.09-0.02 LP

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Econo Trade India standalone net profit declines 83.78% in the September 2016 quarter
Nov 15,2016

Net profit of Econo Trade India declined 83.78% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.37 crore during the previous quarter ended September 2015. Sales declined 87.49% to Rs 1.19 crore in the quarter ended September 2016 as against Rs 9.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.199.51 -87 OPM %9.245.68 - PBDT0.110.54 -80 PBT0.110.54 -80 NP0.060.37 -84

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Allsoft Corporation reports standalone net loss of Rs 0.07 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Allsoft Corporation reported to Rs 0.07 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 41.38% to Rs 0.17 crore in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.170.29 -41 OPM %35.2931.03 - PBDT-0.010.02 PL PBT-0.07-0.04 -75 NP-0.07-0.03 -133

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Advance Lifestyles director resigns
Nov 15,2016

Advance Lifestyles announced S Srinivasan, Independent Director on the Board of Directors, vide his letter dated 15 November 2016, offered the resignation from his post and the Board of Directors of the Company has accepted and approved the same with effect from the Close of the Board Meeting held on 15 November 2016.

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Outcome of board meeting of Real Realty Management Company
Nov 15,2016

The Board of Real Realty Management Company approved the following business to be conducted through postal ballot -

Addition of new objects of Digital Marketing and News Broadcasting to the main object clause of Memorandum of Association of the Company.

Change of the name of the Company from Real Realty Management Company to Seven Enterprises.

Increase the Authorised Share Capital from Rs 10 crore to Rs 25 crore.

Issue of upto 15196820 equity shares/ warrants on preferential basis to Promoters/ Non Promoters of the Company.

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Outcome of board meeting of Trans Asia Corporation
Nov 15,2016

Trans Asia Corporation announced that the Board of Directors of the Company approved the resignation of Anjana Sharma from the position of Company Secretary cum Compliance Officer with effect from 05 November 2016.

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Board of Crestchem appoints director
Nov 15,2016

The Board of Crestchem has appointed Shah Nitinkumar Shantilal as Additional Independent Non Executive Director of the Company with effect from 14 November 2016.

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Board of Easun Reyrolle approves change in CFO
Nov 15,2016

Easun Reyrolle announced that the Board of Directors in their Meeting held on 14 November 2016 have appointed A Kamatchinathan as Chief Financial Officer effective from 14 November 2016 in place of Raj H Eswaran, Managing Director and CFO, who has demitted his office as CFO with immediate effect.

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Board of Sudarshan Chemical Industries appoints director
Nov 15,2016

Sudarshan Chemical Industries announced that the Board of Directors in its meeting held on 11 November 2016 have appointed A. B. Rathi, as a Non Executives, Non-Independent Director of the Company w.e.f. 11 November 2016.

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Board of Stampede Capital approves Bonus issue of DVR shares
Nov 15,2016

The Board of Stampede Capital has approved issue of Bonus Differential Voting Right Equity Shares in the ratio of 4:1.

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Board of Jindal Cotex accepts resignation of CFO
Nov 15,2016

Jindal Cotex announced that the Board of Directors in their meeting held on 14 November 2016, have approved the resignation of Shiv Pal, Chief Financial Officer of the Company with effect from 14 November 2016.

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