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Sika Interplant Systems provides update on subsidiary - Sikka N Sikka Engineers
Feb 10,2017

Sika Interplant Systems announced that the Board of Directors of Sikka N Sikka Engineers (Sikka N Sikka), a subsidiary of the Company, has noted the proposal of shifting of the Registered Office of Sikka N Sikka from the State of Maharashtra to State of Karnataka and consequent changes to the Clause II of the Memorandum of Association, subject to the approval of the members and confirmation by the Regional Director, Western Region, Mumbai, Ministry of Corporate Affairs and/or other prescribed authorities.

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Ajmera Realty & Infra India provides update on subsidiary - Ajmera Clean Green Energy
Feb 10,2017

Ajmera Realty & Infra India announced that its subsdiary, Ajmera Clean Green Energy (ACGL) has agreed to sell its entire 49% stake in associate Company, Comet Power (CPPL) to Ramesh A. Mehta Group for a consideration of Rs.16.92 crore.

The Comet Power had Loss of Rs.3.67 Lakhs for the financial year ended 31 March 2016. Thus, sale of Power Business will not have any impact in the Profit of the Company. The sale proceeds of stake in CPPL will be deployed in the Company for core Real Estate business.The Comet Power Private Limited ceases to be associate Company of ACGL after completion of the transaction, which shall be completed on or before March 31, 2016.None of the Promoters are interested in the said transaction and it is not a related party transaction for the Company.

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Board of SRM Energy appoints CFO and company secretary
Feb 10,2017

SRM Energy announced that the Board of Directors of the company at its meeting held on 09 February 2017 approved the appointment of Achyut Pai as CFO with immediate effect. The Board also appointed Ruchi Singh as Company secretary and Compliance officer of the Company with immediate effect.

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Uttam Galva Steels appoints director
Feb 10,2017

Uttam Galva Steels announced the induction of Rajiv Munjal as an Additional Director on the Board of the Company with effect from 09 February 2017 in the category of Non-Executive & Non Independent Director at board meeting held on 09 February 2017.

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Usha Martin Education & Solutions announces resignation of director
Feb 10,2017

Usha Martin Education & Solutions announced that R. P. Agrawal and S. K. Mitra, Independent and Non-Executive Directors of the Company resigned from their position w.e.f. 08 February 2017.

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Board of Marathon Nextgen Realty appoints director
Feb 10,2017

Marathon Nextgen Realty announced that at the Meeting of Board of Directors of the Company held on 09 February 2017, the Board has appointed Deepak R Shah as an Additional Director (Independent Director).

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Board of Central Bank of India approves fund raising up to Rs 500 crore
Feb 10,2017

Central Bank of India announced that the Capital Raising Committee of the Board of Directors of the Bank at their meeting held on 09 February 2017 considered and approved the proposal for raising capital funds upto Rs. 500.00 crore by issuance and allotment of Non-Convertible Redeemable Unsecured Basel III compliant Tier 2 Bonds (Series-II) in the nature of promissory notes of the face value of Rs. 10.00 lakh each on private placement basis.

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Board of Century Enka announces change in CFO
Feb 10,2017

Century Enka announced that pursuant to an exercise undertaken on restructuring the functions of Senior Executives of the Company, the Board of Directors, in its meeting held on 09 February 2017 have appointed K. G. Ladsaria as the Chief Financial Officer (CFO) in place of D. B. Roonghta effective from 13 February 2017.

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Board of Joy Realty announces change in directorate
Feb 10,2017

Joy Realty announced that the Board of Directors of the Company at its meeting held on 09 February 2017 accepted the resignation of Jayant Bhavanji Soni from post of Directorship of the company. The Board appointed Jayant Bhavanji Soni as CFO of the company.

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Board of Weizmann Forex appoints MD
Feb 10,2017

The Board of Directors of Weizmann Forex at its meeting held on 09 February 2017 approved appointment of B Karthikeyan as Managing Director of the Company with effect from 01 March 2017.

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Board of 63 Moons Technologies appoints MD & CEO
Feb 10,2017

63 Moons Technologies announced that the Board of Directors of the company at its meeting held on 09 February 2017 have appointed S Rajendra as MD & CEO in place of Prashant Desai with effect from 10 February 2017.

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Board of ITI approves allotment of 8 crore equity shares to President of India
Feb 10,2017

ITI announced that the Board of Directors in its meeting held on 09 February 2017, considered and approved the issue and allotment of 8,00,00,000 equity shares of Rs. 10 each at par amounting to Rs. 80,00,00,000 to President of India. The said allotment of equity shares is made pursuant to BIFR order dated 08 January 2013, sanctioning the revival scheme of the Company.

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Board of ITI approves allotment of 8 crore equity shares to Government of India
Feb 10,2017

ITI announced that the Board of Directors in its meeting held on 09 February 2017, considered and approved the issue and allotment of 8,00,00,000 equity shares of Rs. 10 each at par amounting to Rs. 80,00,00,000 to President of India. The said allotment of equity shares is made pursuant to BIFR order dated 08 January 2013, sanctioning the revival scheme of the Company.

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Board of ICRA approves buyback of shares for an aggregate upto Rs 40 crore
Feb 10,2017

ICRA announced that the Board of Directors of the Company at its meeting held on 09 February 2017 approved the proposal for buyback of the Companys equity shares for a total amount not exceeding Rs 40 crore and at a price not exceeding Rs 4500 per equity share.

At the maximum buyback price and maximum buyback size, the indicative number of equity shares bought back would be 88,888 equity shares (comprising around 0.889% of the existing paid up share capital of the company).

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Ind-Swift Laboratories intimates of fire incident
Feb 10,2017

Ind-Swift Laboratories announced that a fire broke out in one of the manufacturing block of the Company situated at Derabassi Punjab. There was no causality but loss of goods for which the company is assessing the value of the loss.

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