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Direct Transfer of Fertilizer Subsidy to be introduced
Nov 29,2016

The Government has decided to introduce Direct Benefit Transfer (DBT) system for fertilizer subsidy payments. Under the proposed system, 100% subsidy on various fertilizer grades shall be released to the manufacturers and importers on the basis of actual sales made by the retailer to the beneficiaries. Initially, the modified subsidy procedure under DBT system will be introduced on pilot basis in 16 select districts and after its due stabilization, the new payment system would be rolled out in all states in the second phase. The proposed DBT will address the issues relating to diversion and smuggling of urea.

The DBT being implemented in fertilizer subsidy payment is slightly different from the normal DBT being implemented in LPG subsidy. Under the DBT in fertilizer sector, the subsidy will be released to the fertilizer companies instead of the beneficiaries, after the sale is made by the retailers to the beneficiaries on submission of claims generated in the web-based online Integrated Fertilizer Monitoring System (iFMS) by fertilizer companies. After implementation of DBT, it is expected that diversion/smuggling of fertilizers will be reduced to a large extent and the Government will save subsidy to the that extent. However, no assessment has been made to calculate the savings.

The proposed DBT for release of fertilizer subsidy to fertilizer companies has no direct relation with landholding of the farmers. The fertilizers will be available to all on no denial basis.

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South Indian Bank allots equity shares
Nov 29,2016

South Indian Bank announced that the Nomination and Remuneration Committee of the Board by a resolution passed on 29 November 2016 has allotted 4,500 Equity Shares of face value Re. 1/- each pursuant to exercise of options granted under the South Indian Bank Employees Stock Option Scheme (SIB ESOS - 2008). Post the above allotment, the paid-up Equity share capital of the Bank would stand at Rs. 135,17,38,250/- consisting of 135,17,38,250 Equity shares of Re. 1/- each.

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Board of RattanIndia Power to consider Q2 results
Nov 29,2016

RattanIndia Power announced that a meeting of the Board of Directors of the Company will be held on 05 December 2016, inter - alia to consider and approve, the unaudited Financial Results of the Company for the quarter ended 30 September 2016 (Q2).

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RattanIndia Infrastructure to announce September quarter results
Nov 29,2016

RattanIndia Infrastructure announced that a meeting of the Board of Directors of the Company will be held on 05 December 2016, inter - alia to consider and approve, the unaudited Financial Results of the Company for the quarter ended 30 September 2016.

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Board of Oil India approves voluntary winding up of subsidiary - Oil India International
Nov 29,2016

Oil India announced that the Board of Directors of the Company in its meeting held on 28 November 2016 have inter-alia accorded its approval for voluntary winding up of its Wholly Owned Subsidiary-Oil India International in accordance with the provisions of the applicable laws.

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Board of DCW to consider September quarter results
Nov 29,2016

DCW announced that the meeting of the Board of Directors of the Company is scheduled to be held on 06 December 2016 to inter-alia consider and approve the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

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Idea Cellular allots equity shares
Nov 29,2016

Idea Cellular announced that the Nomination and Remuneration Committee of Idea Cellular Limited has vide its circular resolution dated 28 November 2016 allotted 190,038 Equity Shares of Rs. 10/- each to the Option Grantees, pursuant to the exercise of Stock Options granted under the Companys Employee Stock Option Scheme, 2006 (ESOS-2006).

Further the Company has informed that, post the said allotment, the Equity Share Capital of the Company stands increased to 3,60,13,22,365 equity shares of Rs. 10/- each aggregating to Rs. 36,0132,23,650/-.

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SEAMEC to announce September quarter results
Nov 29,2016

SEAMEC announced that the meeting of the Board of Directors of the Company is scheduled to be held on 08 December 2016, inter alia to consider and approve the Unaudited Quarterly Financial Results for the Quarter ended on 30 September 2016, in terms of Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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SJVN to announce Q2 results
Nov 29,2016

SJVN announced that a Meeting of the Board of Directors is scheduled to be held on 09 December 2016 to, inter-alia consider and approve the unaudited Financial Results of the Company for the Second Quarter ending 30 September 2016 (Q2).

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Welspun Enterprises provides update on Delhi Meerut Expressway project
Nov 29,2016

Welspun Enterprises announced that National Highways Authority of India (NHAI) has, with respect to the Concession Agreement entered into between Welspun Delhi Meerut Expressway (a wholly-owned subsidiary of the Company) and NHAI for execution of the Project on 04 March 2016, declared the Appointed Date for the Project as 28 November 2016.

Under the Concession Agreement, construction of the Project is to be completed within 2.5 years from the Appointed Date and is to be maintained for 15 years thereafter, post which it will be transferred to NHAI.

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Board of Jyoti Resins and Adhesives appoints directors
Nov 29,2016

Jyoti Resins and Adhesives announced that the Board of Directors have, vide circular resolution dated 23 November 2016 appointed Suresh Patel and Praful Patel as an Additional Director (Non Executive, Independent Director) with effect from 23 November 2016 to hold office upto the date of the ensuing Annual general Meeting of the Company.

Suresh Patel and Praful Patel appointed as Independent Directors is subject to approval of shareholders and term of office shall be decided by the shareholder at the ensuing Annual General Meeting of the Company.

Further confirm that Suresh Patel and Praful Patel are not related to any of the Directors of the Company.

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Board of Himatsingka Seide accepts resignation of Group CFO
Nov 29,2016

Himatsingka Seide announced that the Board of Directors at their meeting held on 29 November 2016 considered and accepted the resignation of K. P. Pradeep as the President Finance & Group CFO of the Company.

The resignation will be effective from the close of business hours on 07 January 2017. The new Group CFO will be appointed in due course.

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Manaksia Industries announces resignation of director
Nov 29,2016

Manaksia Industries announced that Amit Chakraborty, Executive Director has resigned from the directorship of the Company with effect from 29 November 2016 due to personal reasons.

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Board of Naraingarh Sugar Mills to approve notice of AGM
Nov 29,2016

Naraingarh Sugar Mills announced that a meeting of Board of Directors of the Company is scheduled to be held on 02 December 2016 for the approval of the notice of annual general meeting and Directors Report.

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Wheel & Axle Textiles fixes record date for interim dividend
Nov 29,2016

Wheel & Axle Textiles has informed BSE that the Company has fixed 09 December 2016 as the Record Date for the purpose of Payment of Interim Dividend.

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