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Seasons Textiles announces change in registered office
Feb 21,2017

Seasons Textiles announced that the Registered Office of the Company has been shifted from D-29 (Ground Floor), Defence Colony, New Delhi - 110024 to 26, Feroze Gandhi Road, (Lower Ground Floor), Lajpat Nagar - III, New Delhi - 110024.

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Maestros Electronics & Telecommunications Systems direct resigns
Feb 21,2017

Maestros Electronics & Telecommunications Systems announced that the Company has received a letter from Muralidharan Karathedathuraman Nair, Independent Director of the Company stating that due to his pre-occupation, he resigns from the Directorship of the Company. He ceased to be the Director of the Company w.e.f. 21 February 2017.

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Maestros Electronics & Telecommunications Systems director resigns
Feb 21,2017

Maestros Electronics & Telecommunications Systems announced that the Company has received a letter from Muralidharan Karathedathuraman Nair, Independent Director of the Company stating that due to his pre-occupation, he resigns from the Directorship of the Company. He ceased to be the Director of the Company w.e.f. 21 February 2017.

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Future of real estate sector is in affordable housing, says Shri M.Venkaiah Naidu
Feb 21,2017

Minister of Housing & Urban Poverty Alleviation Shri M. Venkaiah Naidu urged real estate developers to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector. Elaborating on his statement, the Minister said that n++ The Governments focus on ensuring Housing for All including the Middle Income Groups offered immense opportunities both at the bottom and the middle of the pyramid which needs to be seized by the developers who have seen ups and downs in recent yearn++. He spoke at a Conference on n++Real Estate Sector-Post Remonetisation and RERAn++ organized by PHD Chambers.

Shri Venkaiah Naidu further said that the Government has paid more attention to the real sector than any other sector by announcing more than 20 supporting measures to revive real estate sector over the last two years including announcing the long awaited infrastructure status for affordable housing besides several tax concessions and exemptions. He further said that under Prime Ministers Awas Yojana (Urban), people belonging to Economically Weaker Sections, Low Income Groups and Middle Income Groups with incomes up to Rs.18 lakh per year have been made eligible for central assistance up to Rs.2.35 lakh per each beneficiary. n++Low cost long term financing under infrastructure status, tax concessions and central assistance under PMAY and the scale of housing needs of these sections make affordable housing the best investment opportunity and developers are left with no further excuses for not seizing this opportunityn++ Shri Naidu stressed.

Shri Naidu said that various initiatives of the Government including the Real Estate (Regulation and Development) Act, 2016, the Benami Properties Act and note withdrawal have enabled a new real estate eco-system based on 4 Cs viz., Character, Credibility, Confidence and Cash that would help revive the sector. He said that while the Real Estate Act removes the taint restoring the character of the sector leading to credibility and enhanced confidence of buyers, central assistance, reduced interest rates and tax concessions keep more cash in the hands of buyers.

Stating that the Ministry of HUPA has so far approved construction of over 16 lakh affordable houses for urban poor with an investment of about Rs.90,000 cr and central assistance of about Rs.25,000 cr, Shri Naidu expressed concern over private developers not taking up any projects so far. He urged them to change their mindsets and outlook and take up affordable housing projects given the business logic that goes with it in the changing context.

Shri Naidu said that his Ministry would soon convene a Round Table with real estate bodies and representatives of banks and Housing Financing Companies and others concerned to deliberate on the road ahead for promoting affordable housing so that the target of ensuring Housing for All by 2022 would be met.

On the effects of note withdrawal, the Minister noted that it was only a temporary interlude and the process of remonetisation is almost completed. Shri Naidu noted that n++For various reasons, real estate sector over the years has come to be seen as the villain in the theatre of corruption and note withdrawal was expected to address flow of unaccounted for money in to the sector by about 20% to 30% which in turn would bring down prices substantiallyn++.

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Info Edge (India) allots 1 lakh equity shares
Feb 21,2017

Info Edge (India) announced that pursuant to the authorization given by the Board, the Committee of Executive Directors at its meeting held on 21 February 2017 has approved the allotment of 1,00,000 equity shares of face value of Rs.10/- each to the Info Edge Employee Stock Option Plan Trust at Rs. 100/-per share which includes Rs. 90/- per share as premium. These shares shall rank pari passu with the existing equity shares of the Company, in all respects.

With this allotment, the paid up capital of the Company will accordingly increase from Rs. 1,211,161,590 (121,116,159 equity shares of Rs. 10/- each) to Rs. 1,212,161,590 (121,216,159 equity shares of Rs. 10/- each).

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Coromandel International allots 28000 equity shares
Feb 21,2017

Coromandel International announced that on 21 February 2017, the Stakeholders Relationship Committee of the Company has allotted 28,000 Equity Shares of Re. 1/- each fully paid up to the option grantees under the Employee Stock Option Scheme 2007.

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Coal India to hold board meeting
Feb 21,2017

Coal India will hold a meeting of the Board of Directors of the Company on 6 March 2017, to consider payment of Interim Dividend, if any, for the year 2016-17.

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Choksi Laboratories to hold board meeting
Feb 21,2017

Choksi Laboratories will hold a meeting of the Board of Directors of the Company on 1 March 2017, to appoint Ms. Himika Choksi as Additional Director of the Company.

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Shreejal Info Hubs to hold board meeting
Feb 21,2017

Shreejal Info Hubs will hold a meeting of the Board of Directors of the Company on 28 February 2017, to consider the resignation of Priti Vora as the Director of the Company. She has already sent the resignation dated February 07, 2017.

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Disa India provides update on parent company, Norican Global A/S, Denmark
Feb 21,2017

Disa Indias parent company, Norican Global A/S, Denmark have entered into an agreement with Auctus Fund III GmbH & Co. KG to purchase 100% of Auctuss shares in Light Metal Casting Solutions Group (LMCS).

LMCS is a group of leading capital equipment manufacturers and services providers for the light metal casting industry, processing aluminium, magnesium and zinc alloys with major operations in Germany, Italy, Poland, China and the US.

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Flex Foods announces resignation of director
Feb 21,2017

Flex Foods announced that Shefali Dubey, Director of the Company has resigned due to personal reasons from the Board w.e.f. 21 February 2017.

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Gulf Oil Lubricants India gets reaffirmation of rating for LT bank facilities
Feb 21,2017

Gulf Oil Lubricants India has received reaffirmation of rating of CARE AA-/ Stable for long term bank facilities from Credit Analysis and Research.

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Standard Operating Procedure for protection and care of children in street situations launched
Feb 21,2017

A Standard Operating Procedure (SOP) for Care and Protection of Children in Street Situations for their rehabilitation and safeguarding was released by Minister for Women & Child Development, Smt Maneka Sanjay Gandhi.

The NCPCR decided to outline a detailed intervention framework for care and protection of children living in street situation as the problems faced by these children are multi-dimensional and complex. The SOP aims at streamlining the interventions within the current legal and policy framework. The purpose of the SOP is to identify processes that should be set in motion once a child on the street has been identified as a child in need. These processes would be within the existing framework of rules and policies and would create a convergence of the various agencies. Besides it also provides a step-by-step guideline for all the stakeholders for care, protection and rehabilitation of these children.

Speaking about the release of the SOP, Smt. Maneka Gandhi said, n++Our government is committed to the well-being of every child in India. This initiative will help the Government to ensure that health education and protection mechanisms are made available to children living on the streets.

The SOP was drafted after taking into consideration a detailed field research study with inputs received from regional consultations held at Patna, Lucknow, Hyderabad and Mumbai from 35 NGOs. Children who survived from the street were also consulted in Delhi at NCPCR before drafting of the SOP.

Children living in the streets are among the most vulnerable groups. Most of these children have little or no adult supervision and protection. They also do not have access to education and basic health care living a life of struggle for survival. The lack of basic care and protection exposes them to abuse, exploitation and neglect depriving them of the most basic human rights.

Cities in India are witnessing rapid urbanization. By 2030, 40% of Indias population is expected to be living in urban areas which mean that child population in streets will continue to grow. Therefore, it is important to integrate the needs of children in street situations into urban policies and planning. A 2016 survey by Save the Children in Lucknow, Mughalsarai, Kolkata- Howrah, Patna and Hyderabad found 84,563 children living on the streets. An older study by the same organization in Delhi put their number at 50,000.

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Arvind SmartSpaces allots 10,000 equity shares
Feb 21,2017

Arvind SmartSpaces has issued and allotted 10,000 equity shares of Rs. 10/- each under Arvind Infrastructure (now Arvind SmartSpaces) - Employee Stock Option Scheme 2013 (AIL ESOP 2013) to the eligible employee/s on 21 February 2017 pursuant to the exercise of options granted to him/them.

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Board of Cybertech Systems and Software appoints director
Feb 21,2017

Cybertech Systems and Software announced that the Board of the Directors of the Company through circular resolution have approved the appointment of Willem Elfrink, as an Additional Director (Non-Executive & Non-Independent) on the Board of Directors of the Company with effect from 21 February 2017, to hold office up to the date of the ensuing Annual General Meeting of the Company.

Further, Willem Elfrinks appointment as a Non Executive Director and his term of office are subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.

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