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Glenmark Pharmaceuticals gets final approval for Tretinoin Capsules
Dec 27,2016

Glenmark Pharmaceuticals has been granted final approval by the United States Food & Drug Administration (USFDA) for Tretinoin Capsules, 10 mg, the generic version of Vesanoid Capsules, 10 mg, of Hoffmann La Roche, Inc. (which is no longer being marketed in the United States).

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Empee Distilleries slips after board withdraws proposed sale of shares in Empee Hotels
Dec 27,2016

The announcement was made after market hours yesterday, 26 December 2016.

Meanwhile, the BSE Sensex was up 42.72 points, or 0.17%, to 25,849.82.

On the BSE, so far 1,935 shares were traded in the counter, compared with average daily volumes of 36,729 shares in the past one quarter. The stock had hit a high of Rs 51.25 and a low of Rs 50.60 so far during the day.

The stock hit a 52-week high of Rs 105.65 on 4 January 2016. The stock hit a 52-week low of Rs 44.50 on 22 November 2016. The stock had outperformed the market over the past 30 days till 26 December 2016, falling 0.58% compared with the 1.94% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 27.29% as against Sensexs 8.56% decline.

The small-cap company has equity capital of Rs 19.01 crore. Face value per share is Rs 10.

The board of directors of Empee Distilleries in the meeting held yesterday, 26 December 2016, called off the proposed sale of 1.95 crore equity shares of Rs 10 each held by the company in Empee Hotels, an unlisted entity.

Empee Distilleries reported net loss of Rs 5.92 crore in Q2 September 2016 as against net profit of Rs 4.91 crore in Q2 September 2015. Net sales declined 30.9% to Rs 121.03 crore in Q2 September 2016 over Q2 September 2015.

Empee Distilleries principal activity is manufacture and sale of Indian made foreign liquor.

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Coordination between the Central & State administration is important for smooth transition of GST regime so that taxpayer of country does not suffer
Dec 27,2016

The Union Finance Minister Shri Arun Jaitley said that there is an urgent need for change in mindset and India has to move towards a mindset of voluntary compliance. He said that the payment of legitimate taxes should be considered as part of the process and nobody should think that tax evasion is acceptable. The Finance Minister further said that the payment of due tax is a responsibility of every citizen. Addressing the young IRS Officers, the Finance Minister inspired them to be hardworking and efficient while ensuring integrity and credibility in their careers. The Finance Minister expressed his faith in the probationers to be able to carry-out the onerous task of smooth rolling-out and administering the new indirect tax administration system i.e. Goods and Services Tax (GST). Shri Jaitley impressed upon the gathering the importance of coordination between the Central and the State administrations in smooth transition from the old to the new Indirect Tax regime so that the taxpayer of the country does not suffer. The Finance Minister also reminded the officers that the economy of the country is undergoing major changes and that shall continue to challenge them to be capable officers at every stage of their career. The Finance Minster stressed on the Culture of Correctness and Fairness that every officer should follow in their work as Revenue Officers. He also wished NACEN well in the construction of the new Training Campus and Academy in Palasamudram, Hindupur, Andhra Pradesh. He concluded his address by motivating the officer trainees to train well and become officers who can lead this country into economic glory.

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IAG Company renamed as IAG Glass Company
Dec 27,2016

IAG Company announced that the Companys name stands changed to IAG Glass Company with immediate effect and also change of Company Registered office.

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IAG Company renamed as IAG Glass Company
Dec 27,2016

IAG Company announced that the Companys name stands changed to IAG Glass Company with immediate effect and also change of Company Registered office.

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Sasken Comm in focus after fixing record date for buyback
Dec 27,2016

Sasken Communication Technologies announced that it has fixed 6 January 2017 as record date for the proposed buyback of shares. The announcement was made after market hours yesterday, 26 December 2016. The company on Saturday, 24 December 2016 announced to the stock exchanges that the buyback committee of the board of directors, at its meeting held on 23 December 2016, fixed the buyback price of Rs 410 per share and the total consideration for buyback at Rs 120.04 crore excluding the transaction costs. This represents 16.52% of the total issued and paid-up equity share capital of the company as on 31 March 2016.

Capital First announced that the meeting of the debenture committee of the board of directors of the company will be held on 29 December 2016, to consider the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non‐convertible securities in the nature of debentures. The debentures shall be listed on the debt market segment of National Stock Exchange of India (NSE). The announcement was made after market hours yesterday, 26 December 2016.

Shilpa Medicare announced that the board of directors, at its meeting held yesterday, 26 December 2016, allotted 30.25 lakh equity shares at Rs 570 per share in the name of TA FII Investors, Mauritius pursuant to the resolution passed by the shareholders at their extra-ordinary general meeting held on 26 December 2016 and in-principal approvals received from BSE and NSE. The announcement was made after market hours yesterday, 26 December 2016.

Apollo Hospitals Enterprise announced that the company has issued a letter of comfort for an aggregate sum of Rs 37.10 crore to ICICI Bank in connection with the sanction of credit facilities in favour of its step-down subsidiary, Alliance Dental Care Limited, Chennai. The announcement was made after market hours yesterday, 26 December 2016.

Kaya announced that the company is in receipt of letter dated 25 December 2016 issued by Kaya Middle East DMCC (Kaya DMCC) confirming the settlement of consideration amount for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah. Hence, the corporate guarantee provided by the company stands cancelled on payment of the consideration amount by Kaya DMCC

On 27 September 2016, the company had announced the corporate guarantee provided by it on behalf of Kaya DMCC, wholly owned subsidiary of the company, for payment of AED 22.5 million by Kaya DMCC for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah.

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Agenda for board meeting of RCI Industries & Technologies
Dec 26,2016

RCI Industries & Technologies announced that the meeting of Board of Directors is scheduled to be held on 30 December 2016, inter-alia, to transact the following businesses:

1. To consider and approve the issue of equity shares on preferential basis.

2. To fix day, date, time and venue of Extra Ordinary General Meeting (EGM).

3. To fix cutoff date and relevant date for the purpose of EGM and e-voting.

4. To appoint Scrutinizer for conducting e-Voting

5. To consider any other matter relating to EGM of the Company.

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Board of Hazoor Multi Projects review company performance
Dec 26,2016

Hazoor Multi Projects announced that the Board of Directors of the Company at its meeting held on 26 December 2016, inter alia, have discussed the following;

- Management Discussion and Analysis about financial operation of the Company and also reviewed companies performance.

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Outcome of board meeting of Shilpa Medicare
Dec 26,2016

Shilpa Medicare announced that the Board of Directors, at their meeting held on 26 December 2016, allotted 30,25,000, (Thirty Lakh Twenty Five Thousand) equity share of Re. 1/- each at a premium of Rs.569/- per share in the name of TA FII Investors, IFS Court, Bank Street, Twenty Eight, Cybercity Ebene 72201, Mauritius pursuant to the resolution passed by the shareholders at their Extra-Ordinary General Meeting held on 26 December, 2016 and in-principal approvals received from BSE (Dt:8 December 2016) National Stock Exchange of India (Dt.23 December 2016).

The Company has further intimate that Naresh Patwari has been co-opted as an Additional (non-executive and non-independent) Director of the Company, being the nominee of TA FII Investors Limited with effect from this date, subject to regularization by shareholders at the ensuing annual general meeting of the Company in accordance with the requirements of the Companies Act, 2013.

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Board of Polymac Thermoformers approves change in directorate
Dec 26,2016

Polymac Thermoformers announced the following change in directorate -

1. Puspjeet Kumar, Promoter and Director of the Company wishes to resign from the Company with effect from 26 December 2016.

2. A meeting of Board of Directors has been called on 26 December 2016 to give effect to the resignation of Puspjeet Kumar and to appoint Pramod Kumar Agarwal as Non Executive Director.

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Board of Olympia Industries to consider conversion of warrants
Dec 26,2016

Olympia Industries announced that a meeting of the Board of Directors of the Company will be held on 29 December 2016, inter alia, to consider the Allotment of Equity shares pursuant to conversion of warrants as per SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 and relevant provisions of Companies Act, 2013.

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Vinayak Vanijya to consider change in directorate
Dec 26,2016

Vinayak Vanijya announced that a meeting of the Board of Directors of the Company will be held on 29 December 2016, inter alia, to consider and approve Appointment and Resignation of Directors.

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Board of Can Fin Homes to consider Q3 results
Dec 26,2016

Can Fin Homes announced that a meeting of the Board of Directors of the Company is scheduled to be held on 17 January 2017, inter-alia, to consider and approve the un-audited financial results of the Company for the 3rd Quarter ended 31 December 2016 (FY 2016-17), together with the Limited Review Report for the above said period

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Board of Jindal Poly Films approves increasing borrowing limit up to Rs 5000 cr
Dec 26,2016

Jindal Poly Films announced that the Board of Directors of the company at its meeting held on 26 December 2016 approved the following -

Increase in borrowing limits of the company from Rs 4000 crore to Rs 5000 crore.

Creation of charge on assets of the company within increased borrowing limits upto Rs 5000 crore.

Approval for issue of further shares by Companys 51% subsidiary - JPF Netherlands to other investors.

Issue of non-convertible debentures by the Company upto Rs 500 crore.

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SPL Industries announces change in company secretary
Dec 26,2016

SPL Industries announced Kirti has resigned as Company Secretary of the Company w.e.f. 26 December 2016 and Ashish Yadav has been appointed as Company Secretary and Compliance Officer of the Company w.e.f. 26 December 2016, pursuant to section 203 of the Companies Act, 2013 and regulation 6(1) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

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