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Voltamp Transformers resumes production at Savli factory
Jan 09,2017

Voltamp Transformers announced that working at the Companys Savli factory situated at Village Vadadala, Jarod-samlaya road, Tal : Savli, Dist: Vadodara, Gujarat has resumed from 07 January 2017 and the production activities at the Companys Savli factory are normal at present.

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Wires & Fabriks (S.A) announces resignation of company secretary
Jan 09,2017

Wires & Fabriks (S.A) announced that Rahul Harsh, has resigned from the post of Company Secretary cum Compliance Officer of the Company w.e.f. 07 January 2017.

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Brawn Biotech announces resignation of company secretary
Jan 09,2017

Brawn Biotech announced Amit Bansal, who was designated as Company Secretary as well as Compliance Officer of the Company, has resigned from the services of the Company on effective close of working hours on 09 January 2017.

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Indo Euro Indchem announces resignation of company secretary
Jan 09,2017

Indo Euro Indchem announced that Anushree Amol Rane, a member of Company Secretaries of India, has resigned from the post of Company Secretary and Compliance Officer. The Company has accepted her resignation and she is relieved from the post of Company Secretary and Compliance Officer w.e.f. 02 January 2017.

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Max Ventures and Industries to sell 22.51% stake
Jan 09,2017

The Board of Max Ventures and Industries (MaxVIL) on 09 January 2016 made a preferential offer, subject to shareholder approval, to issue common stock to a subsidiary of New York Life Insurance Company. New York Life is the largest mutual life insurance company in the United States and one of the largest life insurers in the world, with more than $500 billion under management.

Subject to MaxVIL shareholder approval, a subsidiary of New York Life Insurance Company will acquire a 22.51% equity stake in MaxVIL at an offer price of Rs. 78 per share aggregating to Rs. 121 crore on a diluted basis and will be entitled to one nominee director to the Board of MaxVIL.

The Board of MaxVIL also proposed an allotment of share warrants to the promoter group equivalent to 4.76% of the post-issue share capital of the Company on a fully diluted basis assuming full conversion of the warrants. These share warrants will be issued at Rs. 78 per warrant aggregating to Rs. 26.9 crore and will be convertible into equivalent equity shares within 18 months, taking the shareholding of the Promoter Group in MaxVIL to around 38.02% on fullydiluted basis.

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Engineers India to execute Vizag Refinery Modernization Project
Jan 09,2017

Engineers India announced that Hindustan Petroleum Corporation (HPCL) has entrusted the Project for execution of Vizag Refinery Modernization Project (VRMP) to Engineers India (EIL).

EIL shall execute this project contract under two separate contracts, namely PMC Services for major Process Units and packages under U&O and Execution of U&O and PRU Revamp on Open Book Estimate (OBE) Basis. The total awarded order value is more than Rs. 2500 crore with a total project schedule of 43 months for Mechanical Completion.

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Axis Bank allots 22,850 equity shares
Jan 09,2017

Axis Bank has allotted 22,850 equity shares of Rs. 2/- each on 09 January 2017, pursuant to exercise of options under its ESOP Scheme.

The paid up share capital of the Bank will accordingly increase from Rs. 478,29,72,946 (239,14,86,473 equity shares of Rs. 2/- each) to Rs. 478,30,18,646 (239,15,09,323 equity shares of Rs. 2/- each).

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Board of Wendt India to consider Q3 results and interim dividend
Jan 09,2017

Wendt India announced that a meeting of the Board of Directors of the Company has been convened on 24 January 2017, inter alia, to consider and approve the Un-audited Financial Results of the Company for the 3rd quarter and nine months ended 31 December 2016 and recommendation of interim dividend, if any.

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Board of Tejnaksh Healthcare to consider bonus issue
Jan 09,2017

Tejnaksh Healthcare announced that a meeting of the Board of Directors of the Company will be held on 18 January 2017, inter alia, to transact, with or without modifications the following Business:

1. To consider and approve the increase in Authorised Share Capital of the Company.

2. To consider and approve the declaration of Bonus Equity Share issue of the Company.

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Gogia Capital Services Board to adopt December quarter results
Jan 09,2017

Gogia Capital Services announced that the next meeting of the Board of Directors of the Company will be held on 30 January 2017, to adopt unaudited financial results of the Company for the quarter ended 31 December 2016.

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Board of Khoobsurat to consider Q3 results
Jan 09,2017

Khoobsurat announced that the meeting of Board of Directors of the Company will be held on 14 February 2017, to consider Un-Audited Financial Results (Provisional) for the 3rd quarter ended on 31 December 2016 (Q3) for the financial year ended on 31 March 2017.

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Board of Jackson Investments to consider December quarter results
Jan 09,2017

Jackson Investments announced that the meeting of Board of Directors of the Company will be held on 14 February 2017, to consider Un-Audited Financial Results (Provisional) for the 3rd quarter ended on 31 December 2016 (Q3) for the financial year ended on 31 March 2017.

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Orient Refractories Board to consider Q3 and 9M results
Jan 09,2017

Orient Refractories announced that a meeting of the board of directors of the Company will be held on 30 January 2017, inter alia, to consider un-audited financial results for the quarter and nine months ended 31 December 2016.

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Board of Panasonic Carbon India Company to consider Q3 results
Jan 09,2017

Panasonic Carbon India Company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider and approve the unaudited financial results for the third quarter ended 31 December 2016.

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Rupee tumbles
Jan 09,2017

Rupee closed lower below 68-mark at 68.20/21 per dollar on Monday (09 January 2017), versus its previous close of 67.9509/9700 per dollar.

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