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Pincon Spirit intimates of increase in production capacity
Apr 20,2017

Pincon Spirit announced that the monthly production capacity of Asansol Unit of the company has been increased from 12 lakh bottles to 40 lakh bottles. An auto line has also been installed which will help to boost the market penetration in South Bengal.

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PayU India partners with ALTBalaji
Apr 20,2017

PayU India has partnered with ALTBalaji, the digital platform of Balaji Telefilms for opening additional method of payment for the OTT platforms subscription services.

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UFO Moviez India enters into strategic tie up with United Media Works
Apr 20,2017

UFO Moviez India has entered into a strategic tie up with United Media Works (UMW), a digital cinema technology and service provider having more than 300 digitized cinema screens on its network in India. Under this tie up, the Company has acquired long term exclusive rights from UMW to monetize the advertising inventory on these screens. In addition, the Company will share movie content to these screens in UFO M-4 format. However, existing commercial and service arrangement between UMW and its Channel Partners / Exhibitors /Distributors shall remain unchanged.

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Board of Mold-Tek Technologies recommends dividend
Apr 20,2017

Mold-Tek Technologies announced that the Board of Directors of the Company at its meeting held on 19 April 2017, inter alia, have recommended the dividend of Rs 0.3 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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SREI Infrastructure Finance to hold board meeting
Apr 20,2017

SREI Infrastructure Finance will hold a meeting of the Board of Directors of the Company on 9 May 2017, to approve the Audited Standalone and Consolidated Financial Results of the Company for the Financial Year ended on 31st March 2017, and Recommendation of dividend for the Financial Year ended on 31st March.

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Visagar Polytex to hold board meeting
Apr 20,2017

Visagar Polytex will hold a meeting of the Board of Directors of the Company on 19 April 2017.

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Board of Autoline Industries approves settlement of dispute with CJ Holdings
Apr 20,2017

Autoline Industries announced that the Board of Directors at its meeting held on 17 April 2017 considered the matter of dispute raised by CJ Holdings North America, LLC (CJ Holdings) with reference to Stock Purchase Agreement dated 23 December 2014 (SPA) entered into by the Company with CJ Holdings for selling of its entire holding in its Overseas Subsidiaries i.e. Autoline Butler, Indiana and its step down subsidiaries.

CJ Holdings alleged the accuracy of certain representations and warranties in the SPA and the consummation of the transactions contemplated in the SPA and claimed that it sustained substantial damages.

After in depth study of claim and thorough discussion with US Counsel/Attorney of the Company and independent firm of CPAs, the matter was put before the Board meeting of the Company for consideration and the Board deliberated in the matter and it was noted that the Company does not accept any of the allegations of CJ but considering the high likelihood that CJ Holding will recover $ 1.00 million under SPA as indemnification damages cap, high cost of litigating a lawsuit in US, uncertainty of outcome of litigation etc. the Board has approved and accepted settlement of claim for an amount of $ 1.7 million which is to be paid in instalments upto 16 June 2018 subject to RBI and other necessary approvals. The Company has executed settlement agreement on 18 April 2017.

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Board of TPL Plastech approves change in directorate
Apr 20,2017

The Board of Directors of TPL Plastech have appointed Mangesh Sarfare as Whole Time Director and Anil Jain as an Additional Director on the Board of the Company. The Board has accepted the resignation of existing Whole Time Director Kamlesh Joisher.

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Essar Shipping announces change in registered office
Apr 19,2017

Essar Shipping has shifted its registered office to EBTSL Premises, ER-2 Building (Admin Building), Salaya, 44 KM, P.O. Box No. 7, Taluka Khambhalia, Devbhumi Dwarka, Gujarat - 361305.

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Shoppers Stop shifts registered office
Apr 19,2017

Shoppers Stop has shifted its registered office to Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (West), Mumbai-400 064, Maharashtra with effect from 17 April 2017.

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GRP signs manufacturing and supply agreement with an US entity
Apr 19,2017

GRP has signed a manufacturing and supply agreement with a USA based company. The agreement is for exclusive manufacture, process and supply of composite products. The manufacturing facility will be set up at one of the existing GRP plants in Maharashtra and is expected to commence before end of this fiscal year. Investment in the equipment for the venture is estimated at Rs 2.20 crore.

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Tata Consultancy Services gets shareholder approval for buyback of shares
Apr 19,2017

Tata Consultancy Services announced that the shareholders of the Company have approved the special resolution for buyback of equity shares of the Company.

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Board of Appu Marketing & Manufacturing approves launch of new e-commerce website
Apr 19,2017

Appu Marketing & Manufacturing announced that the Board of Directors of the Company at its meeting held on 19 April 2017 has approved the launch of a new e-commerce website for birthday accessories and gifts, namely www.birthdaystore.in.

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VBC Ferro Alloys announces resignation of director
Apr 19,2017

VBC Ferro Alloys announced that Dr. B. Kinnera Murthy Independent(Woman) Director has submitted her resignation for the position of Director of the Company vide her letter dated 17 April 2017 and the same was received by Company on 19 April 2017.

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Arvind allots 1,58,000 equity shares
Apr 19,2017

Arvind has allotted 1,58,000 equity shares of Rs.10 each under Employees Stock Option Scheme 2008(ESOS 2008) to the employees on 18 April 2017 pursuant to exercise of stock options granted to them

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