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Somany Ceramics inches up after starting production at unit

Somany Ceramics inches up after starting production at unit

Apr 27,2017

The announcement was made after market hours yesterday, 26 April 2017.

Meanwhile, the S&P BSE Sensex was down 26.84 points or 0.09% at 30,106.51. The S&P BSE Mid-Cap index was up 29.49 points or 0.2% at 14,792.22.

On the BSE, 994 shares were traded on the counter so far as against the average daily volumes of 15,892 shares in the past one quarter. The stock had hit a high of Rs 744.60 and a low of Rs 721.70 so far during the day.

The stock had hit a record high of Rs 767 on 25 April 2017 and a 52-week low of Rs 402.30 on 29 April 2016. It had outperformed the market over the past one month till 26 April 2017, advancing 9.25% compared with the Sensexs 2.42% rise. The scrip had also outperformed the market over the past one quarter, gaining 21.8% as against the Sensexs 8.75% rise.

The mid-cap company has equity capital of Rs 8.48 crore. Face value per share is Rs 2.

Somany Ceramics announced that expansion of sanitaryware plant of Somany Sanitary Ware, the companys subsidiary is successfully completed and commercial production has commenced from 26 April 2017. As a result of this expansion, the capacity of plant has increased from 3.03 lakh pieces per annum to upto 11.50 lakh pieces per annum.

Somany Ceramics net profit rose 45.6% to Rs 20.18 crore on 0.8% growth in net sales to Rs 416.53 crore in Q3 December 2016 over Q3 December 2015.

Somany Ceramics is a manufacturer of ceramic tiles and allied products.

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MpahsiS allots 17,499 equity shares
Jun 27,2017

MphasiS has allotted 17,499 equity shares under RSUP and ESOP.

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Board of Rajputana Investment & Finance recommends bonus issue
Jun 27,2017

Rajputana Investment & Finance announced that the Board of Directors of the Company at its meeting held today i.e. 27 June 2017, inter-alia, have recommended capitalization of reserve and issue of Fully Paid Equity (Bonus) Shares in the ratio of 9 (Nine) Bonus Equity Shares of Rs. 10/- each for every 5 (Five) existing equity shares of Rs. 10/- each subject to the approval of shareholders in AGM.

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Omax Autos closes manufacturing activities in its Gurgaon unit
Jun 27,2017

Omax Autos announced that it has closed manufacturing activities in its unit named Automax (A unit of Omax Autos Limited) situated at Delhi-Jaipur Highway, Village & P.O. Binola, Gurgaon, Haryana, w.e.f. closing hours of 24 June 2017.

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Board of Padmanabh Industries approves increase in authorised share capital
Jun 27,2017

The Board of Directors of Padmanabh Industries at its meeting held on 27 June 2017 has approved the following -

Increase in Authorised Share Capital from Rs 5 crore to Rs 7.50 crore.

Approved allotment of 15 lakh equity shares of Rs 10 each to non promoter group by way of preferential issue at a price of Rs 61 per share.

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Vani Commercial announces resignation of director
Jun 27,2017

Vani Commercial announced the resignation of Vidya Sagar Bhatia as Non Executive Independent Director with effect from 27 June 2017.

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Board of Chennai Petroleum Corporation approves change in directorate
Jun 27,2017

Chennai Petroleum Corporation announced that the Board of Directors of the Company at its meeting held on 23 June 2017 approved the following -

Resignation of B Ashok, Non Executive Chairman as Director on the Board of the Company on his superannuation on 31 May 2017.

Noted the nomination of Sanjiv Singh, Chairman, Indian Oil Corporation as Director and Non Executive Chairman on Board of Chennai Petroleum Corporation.

Appointment of S M Vaidya, Executive Director (Operations), Indian Oil Corporation, as Director on the Board of Chennai Petroleum Corporation.

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Board of Eldeco Housing & Industries approves change in company secretary and change in registered office
Jun 27,2017

Eldeco Housing & Industries announced that the Board of Directors of the Company at its meeting held on 27 June 2017 has considered and approved the following -

Resignation of Naina Tandon as Company Secretary and Compliance Officer from 15 June 2017.

Appointment of Chandni Vij as Company Secretary and Compliance Officer with effect from 16 June 2017.

Shifting of registered office from State of Haryana to State of Uttar Pradesh.

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Shahi Shipping to hold board meeting
Jun 27,2017

Shahi Shipping will hold a meeting of the Board of Directors of the Company on 3 July 2017.

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Dhanuka Commercial to hold board meeting
Jun 27,2017

Dhanuka Commercial will hold a meeting of the Board of Directors of the Company on 4 July 2017, to take note the resignation of Company secretary and Compliance officer and to consider the appointment of another Company secretary and Compliance officer of the Company including any other matters with the permission of the chair.

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Infibeam Inc. to hold board meeting
Jun 27,2017

Infibeam Inc. will hold a meeting of the Board of Directors of the Company on 13 July 2017, to consider and approve the Sub division / Split of Equity Shares of the Company

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Quadrant Televentures to hold board meeting
Jun 27,2017

Quadrant Televentures will hold a meeting of the Board of Directors of the Company on 29 June 2017, to consider and approve the issuance of Unsecured Compulsorily Convertible Debentures (convertible into preference shares), subject to necessary approvals

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BFL Developers to hold board meeting
Jun 27,2017

BFL Developers will hold a meeting of the Board of Directors of the Company on 4 July 2017.

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Restile Ceramics to hold board meeting
Jun 27,2017

Restile Ceramics will hold a meeting of the Board of Directors of the Company on 3 July 2017, to consider among other things the review of the companys operations and Appointment of Company Secretary, Appointment of the Secretarial Auditor.

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Shreyas Shipping & Logistics to hold AGM
Jun 27,2017

Shreyas Shipping & Logistics announced that the 29th Annual General Meeting (AGM) of the company will be held on 21 July 2017.

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Kalyani Steels to hold AGM
Jun 27,2017

Kalyani Steels announced that the 44th Annual General Meeting (AGM) of the company will be held on 1 August 2017.

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