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Suryalakshmi Cotton Mills announces resignation of director
Jan 19,2017

Suryalakshmi Cotton Mills announced that H. L. Ralhan, Director and Chief Executive of Denim Division resigned from the Board of Directors.

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Orient Green Power Company and IL&FS Wind Energy evaluate potential merger of wind energy generation business
Jan 19,2017

Orient Green Power Company announced that the Board ofDirectors of the Company has approved entering into exclusive discussions with IL&FS Wind Energy to evaluate a potential merger of the Wind energy generation businesses of both entities. The resultant mergedentity will have 1.2 GW of operating wind capacity, and will be by far the largest listed renewable energy Company in India.

OGPL is in the process of demerging its Wind and Biomass entities into two separate Companies, viz: OGPL (Wind) and Bio-bijlee Green Power (Biomass) respectively. Subsequent to the demerger, OGPL willhave an operating wind capacity of 425 MW in FY 17 with an additional 43 MW under construction which will augment capacity of the combined entity in FY 18. IL&FS Wind has an operating capacity of 775 MW in FY 17. IL&FS is also developing an additional 228 MW which the merged entity will be in a strong position to acquire.

Both Companies have entered into a non-binding Agreement with an exclusivity period of 90 days. At this stage, the Companies would like to clarify that any potential outcome is subject to due diligence, definitivedocumentation and approvals by regulators, creditors, shareholders and other stake holders.

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Karnataka Bank opens branch at Ukkadagathri GP
Jan 19,2017

Karnataka Bank has opened its 740th Branch at Ukkadagathri GP on 19 January 2017.

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Procter & Gamble Hygiene and Health Care announces cessation of company secretary and compliance officer
Jan 19,2017

Procter & Gamble Hygiene and Health Care announced that Preeti Bishnoi will cease to be the Company Secretary & Compliance Officer of the Company effective from 19 January 2017.

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Allahabad Bank gets ratings assigned for proposed Additional Tier 1 Bonds aggregating Rs 1000 crore
Jan 19,2017

Allahabad Bank announced that India Ratings and Research (India Ratings) have assigned IND A : Outlook Stable rating to Banks proposed Basel-III compliant Additional Tier 1 Bonds aggregating to Rs. 1000.00 crore.

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Sat Industries hikes stake in Sah Polymers
Jan 19,2017

Sat Industries has further acquired 8,70,000 (6.12%) equity shares of Sah Polymers, taking the total shareholding of the Company to 85.60%.

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Quick Heal Technologies adopts Dell EMCs XtremIO Platform
Jan 19,2017

Quick Heal Technologies has chosen Dell EMCs market-leading XtremlO all-fresh storage array to help accelerate its virtual machine environment to support the expansion of its enterprise security business.

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MEP Infrastructure Developers provides update on road project of Arawali-Kante section on NH-66
Jan 19,2017

MEP Infrastructure Developers announced that MEP SANJOSE Arawali Kante Road- Subsidiary Company of the Company, has achieved the financial closure as per the Concession Agreement executed with the Ministry of Road Transport and Highways [MORTH) dated June 28, 2016 for the Rehabilitation and up-gradation of NH-66 (Erstwhile NH-17] from km.241/300 to km 281/300 [Arawali-Kante section] to Four Lane with paved shoulder in the State of Maharashtra under NHDP IV on Hybrid Annuity Mode (HAM) by tying up of Project finance of Rs. 266.84 crore.

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Board of Sundaram Finance cancels decision to amalgamation subsidiaries
Jan 19,2017

Sundaram Finance announced that vide Resolution dated 18 January 2017, passed in circulation, the Board of Directors have decided to rescind the decision to amalgamate Sundaram Insurance Broking Services, a wholly-owned subsidiary of our Company, with LGF Services, another wholly-owned subsidiary of the Company.

Earlier, the Board of the Company at its meeting held on 31 October 2016, had decided in principle to amalgamate Sundaram Insurance Broking Services with LGF Services.

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Board of Mindtree declares interim dividend
Jan 19,2017

Mindtree announced that the Board of Directors at its meeting held on 19 January 2017 declared an interim dividend of 20% (Rs. 2/- per equity share of par value Rs. 10/- each). Interim dividend will be paid to the registered shareholders before 10 February 2017.

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Titan Company to announce Q3 results
Jan 19,2017

Titan Company announced that a meeting of the Board of Directors of the Company is scheduled on 07 February 2017, to consider and approve the Unaudited Financial Results(stand-alone) for the third quarter ended 31 December 2016 (Q3).

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Dhunseri Petrochem to announce December quarter results
Jan 19,2017

Dhunseri Petrochem announced that a meeting of the Board of Directors of the Company, shall be held on 07 February 2017, inter alia, to consider the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

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Outcome of board meeting of Lloyds Metals & Energy
Jan 19,2017

Lloyds Metals & Energy announced that the Board of Directors of the Company at its meeting held on 19 January 2017 approved the following -

Memorandum of Understanding to be entered with Maharashtra Industrial Development Corporation for perchance of land in Gadchiroli district for setting up steel plant by the Company.

Proposal for renewal and increase in cash credit limit from Rs 15 crore to Rs 30 crore.

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Sarda Proteins to consider Q3 and 9M results
Jan 19,2017

Sarda Proteins announced that the meeting of the Board of Directors of the Company will be held on 28 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company and to take on record Limited Review Report thereon for the quarter/nine months ended on 31 December 2016.

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Mohit Industries Board to approve Q3 and 9M results
Jan 19,2017

Mohit Industries announced that a Meeting of the Board of Directors of the Company will be held on 25 January 2017, inter alia, to consider and approve the Un-audited Financial Results along with Limited Review Report for the Quarter and nine months ended on 31 December 2016.

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