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Idea Cellular plans to issue NCDs aggregating Rs 500 crore
Feb 13,2017

Idea Cellular announced that it its proposing to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 500 crore on private placement basis. The deemed date of allotment is 14 February 2017.

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Tijaria Polypipes announces resignation of company secretary
Feb 13,2017

Tijaria Polypipes announced that Purvi Jain has resigned from the post of Company Secretary with effect from closure of working hours of 11 February 2017 and the Board of Directors has approved the same in their meeting held on 11 February 2017.

Consequent to her resignation as Company Secretary, Purvi Jain also ceases to be Compliance Officer of the Company.

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Intellect Design Arena partners with Malaysias Al Rajhi Bank
Feb 13,2017

Intellect Design Arena announced that its global transaction banking division, iGTB has signed a deal with Al Rajhi Bank to implement a comprehensive digital banking transformation of its corporate and retail banking services in Malaysia.

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Larsen & Toubro and MBDA form a JV company named - L&T MBDA Missile Systems
Feb 13,2017

Larsen & Toubro and MBDA, a world leader in missile systems, have set up a joint venture (JV) to develop and supply missiles and missile systems to meet the growing potential requirements of the Indian armed forces.

The Joint Venture Company, named L&T MBDA Missile Systems, will operate from a dedicated work centre, which will include pyrotechnical integration and final checkout facilities. It is expected to be incorporated in the first half of 2017 after necessary approvals.

L&T will own 51% of the Company and MBDA, 49%, fully complying with Indias Foreign Direct Investment (FDI) policy norms. The JV will be registered in India and conduct business as an Indian Company, subject to Indian laws. The JV would focus on business opportunities in the Missiles and Missile Systems domain and target prospects under the Buy(Indian - IDDM), Buy (Indian) and Buy & Make (Indian) categories of Defence Procurement.

To begin with, the JV Company will look to develop and supply fifth generation Anti-Tank Guided Missiles (ATGM5s), missiles for Coastal Batteries and high speed target drones.

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Veto Switchgears & Cables director resigns
Feb 13,2017

Veto Switchgears & Cables announced Murlidhar Kaurani, Independent Director of the Company has resigned w.e.f. 13 February 2017.

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Lords Ishwar Hotels announces resignation of director
Feb 13,2017

Lords Ishwar Hotels announced that Sanjay Mangal has resigned from Directorship w.e.f. 02 February 2017 which is approved and noted by Board of Directors in their Meeting held on 13 February 2017.

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Emerald Leisures announces resignation of company secretary
Feb 13,2017

Emerald Leisures announced that Sony Sarkar, Company Secretary of the Company has resigned with effect from 01 February 2017.

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Board of DCM Shriram declares 2nd interim dividend of Rs 2.80 per share
Feb 13,2017

DCM Shriram announced that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, has declared 2nd interim dividend of 140% i.e. Rs. 2.80/- per equity share of face value of Rs. 2/- each for the financial year 2016-17, which is to be paid/dispatched to all concerned on or before 15 March 2017.

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Board of Sumeet Industries approved rights issue
Feb 13,2017

Sumeet Industries announced that in the meeting of the Board of Directors of the Company held on 13 February 2017 following business has taken place;

1. The Board of Directors has considered and approved Issue of Equity Shares upto Rs. 60.00 crore by way of offer and issue of equity shares to the existing shareholders of the Company on a rights basis (Right Issue), at such issue price and rights entitlement ratio as may be decided by the Board in consultation with the Lead Manager, subject to necessary approvals, confirmations and consents as may be necessary/ required for compliance of applicable law including the provisions of the SEBI (ICDR) Regulations, 2009, SEBI (LODR) Regulations, 2015 and the Companies Act 2013.

2. The Board of Directors of the Company evaluated the proposal of setting up Coal based Captive Power Plant which will further reduce our power cost and setting up another new Texturizing Machines which will also improve profit margins with estimated capital expenditure of Rs. 100.00 crore.

3. Board has approved appointment of Dipesh Dasadia as an Additional Director w.e.f. 13 February 2017. Further as per the terms of appointment, the tenure of the said director shall hold office up to the date of the next Annual General Meeting.

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Board of Nicco Parks & Resorts recommends dividend
Feb 13,2017

Nicco Parks & Resorts announced that the Board of Directors of the Company at its meeting held on 11 February 2017, inter alia, have recommended the dividend of Rs 0.15 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Gangotri Cement to hold board meeting
Feb 13,2017

Gangotri Cement will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider, approve, and take on record the Un-audited Financial results of the Company for the Quarter and nine months ended on 31 December 2016.

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Ace Men Engg Works to hold board meeting
Feb 13,2017

Ace Men Engg Works will hold a meeting of the Board of Directors of the Company on 17 February 2017.

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Board of Jullundur Motor Agency (Delhi) recommends dividend
Feb 13,2017

Jullundur Motor Agency (Delhi) announced that the Board of Directors of the Company at its meeting held on 10 February 2017, inter alia, have recommended the dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Board of AIA Engineering declares interim dividend of Rs 4 per share
Feb 13,2017

AIA Engineering announced that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, has declared Interim Dividend of Rs. 4.00 per share (200%) per Equity Share on 9,43,20,370 Equity Shares of Rs. 2.00 each for the Financial Year 2016-17.

The above dividend is expected to paid/dispatched on or before 10 March 2017.

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Board of Veto Switchgears & Cables declares interim dividend of 10%
Feb 13,2017

Veto Switchgears & Cables announced that the Board of Directors of the Company at their meeting held on 13 February 2017, has inter-alia, consented to the following:

1. Declared Interim Dividend of Re. 1 per share having face value of Rs. 10/- per share (i.e. 10%) for the Financial Year 2016-17.

2. Confirmed the relieve and resignation of Murlidhar Kaurani, Independent Director.

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