SEL Manufacturing Company To Increase Authorised Equity Share - August 01, 2009

The board of SEL Manufacturing Company has approved increasing the authorised equity share capital to Rs 75 crore from the present authorised equity share capital of Rs 50 crore.

The board has also decided to raise funds for the company by way of issue of securities, including GDRs and / or ADRs convertible into equity shares, FCCBs or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc. convertible into equity shares, in one or more tranches, in Indian or Foreign Market as applicable, whether optionally or otherwise or any combination thereof up to an aggregate amount not exceeding Rs 300 crore only.

The board has also approved to issue warrants convertible into equity shares on preferential basis to the promoters / promoter group of the company.

This was approved at the board meeting held on 31 July 2009.

CHL Recommends Final Dividend Of Equity Share - August 01, 2009

The board of CHL has recommended final dividend at the rate of Rs 1.50 per equity share of Rs 10 each of the company (15%) for the financial year 2008-2009. The aggregate dividend recommended by the Board in their meeting held on 31 July 2009 is 30% on the fully paid up equity share capital of the company (including 15% interim dividend) for the financial year 2008-2009.

This was recommended at the board meeting held on 31 July 2009.

Decolight Ceramics To Increase Authorized Equity Share Capital - August 01, 2009

The board of Decolight Ceramics has approved to increase authorized equity share capital of the company up to Rs 80,00,00,000 and to incorporate necessary changes in the memorandum of association of the company.

The board has also approved to raise fund to the tune of Rs 30,00,00,000 by offering, issuing and allotting convertible warrants on preferential basis, and Rs 30,00,00,000 by offering, issuing and allotting on QIP basis and / or by way of GDRs and / or ADR and / or FCCBs.

This was approved at the board meeting held on 31 July 2009.

Sturdy Industries To Issue Of Equity Shares - July 31, 2009

The board of Sturdy Industries has considered about issuing equity shares through employees stock option scheme (ESOS) and considered raising of funds from domestic market through issue of securities to qualified institutional buyers.

The board has also considered the sub division of equity share of Rs 10 each into equity share of Rs 2 each and also considered routes available for raising of funds through issue of securities (ADR / GDR) in the international market for funding the expansion plans of the company viz. setting up of Gas based Power Project of 200 MW capacity, Hydro Power Project, Projects for Drip Irrigation Systems and Aluminium conductors.

The board has also considered convening of extra-ordinary general meeting on 28 August 2009. This was decided at the board meeting held on 31 July 2009.

Aban Offshore Recommends Dividend Of Equity Shares - July 31, 2009

The board of Aban Offshore has recommended dividend at the rate of 180 % on the entire paid up equity share capital (including partly paid equity shares) of the Company (that is Rs 3.60 per equity share for the fully paid equity shares and Rs 1.80 per equity share for partly paid equity shares), dividend at the rate of 8% p.a., at the rate of 9% p.a. and at the rate of 9.25% (prorata) respectively on the non-convertible cumulative redeemable preference equity share capital of the company for the year/period ended 31 March 2009.

This was recommended at the board meeting held on 31 July 2009.

Alok Industries Allotments Of Equity Shares - July 31, 2009

Alok Industries has announced that the company had issued and allotted 1,00,00,000 warrants to Jiwrajka Associates (JAPL) a part of the promoter group, at a price of Rs 102 per warrant. The warrants holders had paid a sum equivalent of 10% of the total consideration as per the terms of the issue and the balance would be payable upon exercise of the conversion option.

The Warrant holders were to be allotted one equity share of the company, of Rs 10 each, on payment of an exercise price of Rs 102 per equity share, on or before 31 July 2009.

The company has announced that they do not wish to exercise the option of conversion of aforesaid warrants into equity shares.

Pursuant to SEBI Guidelines for preferential allotment, the company have thus forfeited 10% warrant subscription money brought in by JAPL at the time of allotment of warrants.

The company made this announcement after the trading hours today, 31 July 2009.

Kaveri Seed Company Board Recommends Dividend Of Equity Share - July 30, 2009

Kaveri Seed Company Limited has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has transacted the following:

1. Recommendation of Dividend for the Financial Year 2008-09: The Board recommended a dividend of 20% (Rs 2/- per equity share of Rs 10/- each) on the equity share capital of the Company for the year 2008-09 subject to approval of members in the General Meeting.

2. Employee Stock Option Scheme - 2008: The equity Shareholders of the Company at the Extraordinary General Meeting of the Company through Postal Ballot held on January 08, 2009 approved the proposal to issue Stock Options to eligible Employees of the Company by earmarking 1,37,000 equity shares for the purpose of Employee Stock Option Plan 2008-09.

Now, the Board of Directors proposed to amend the Exercise Price of ESOS 2008 pursuant to clause 7.4 of the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock purchase Scheme) Guidelines, 1999 to vary the terms & conditions of ESOS 2008 in terms the Exercise Price.

The Exercise Price will be as may be determined by the Board/Compensation Committee from time to time and shall not be less than the par value of the equity share and shall not be more than the market price.

The Board recommends the proposed amendment for approval of equity shareholders at their General Meeting.

GMR Infrastructure Board Approves Of Equity Share Of Stock Split - July 30, 2009

GMR Infrastructure Limited has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has accorded approval for sub-division of all its equity shares of Rs 2/- each into 2 equity shares of Re 1/- each (per equity share), subject to the approval of members of the Company at the forthcoming Annual General Meeting.

Further, the Board of Directors have adjourned the Board meeting for consideration and approval of un-audited financial results of the Company for the quarter ended June 30, 2009 to July 31, 2009.

Softsol India Board Approves Buy-Back Of Equity Shares - July 30, 2009

Softsol India Limited has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has approved the following:

1. Annual General Meeting of the Company for the year 2009 will be held on September 30, 2009.

2. Buyback of the fully paid-up Equity Shares of Rs 10/- each of the Company from Open Market through Stock Exchange Mechanism for an amount not exceeding Rs 7,00,00,000/- (Rupees Seven crores only) to a minimum of 10,00,000 equity shares and a maximum of 14,00,000 equity shares up to a maximum price of Rs 55/- (Rupees Fifty Five only) per equity share in accordance with the provisions of the Articles of Association of the Company, Section 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956, SEBI (Buyback of Securities) Regulations, 1998 and other applicable regulations, if any.

The above decision was taken to enhance overall equity shareholder value by returning the surplus funds to equity shareholders in an investor friendly manner and to enhance the earnings per equity share of the Company in the future and create long-term shareholder value.

KLG Systel Allotments Of Equity Shares - July 29, 2009

The board of KLG Systel has approved the allotment of 20177 fully paid up equity shares of Rs 10 each at a premium of Rs 109.58 per equity share for cash to employees of the company on exercise of options vested on 12 April 2009 in accordance with KLG employee stock option scheme, 2005.

This was approved at the board meeting held on 29 July 2009.

Hindusthan Udyog - Allotment Of Equity Shares - July 29, 2009

Hindusthan Udyog Limited has informed that the Board of Directors of the Company at its meeting held on July 29, 2009, has issued and allotted 8,49,625 Equity Shares of Rs 10/- each and 60,00,000 10% Cumulative Redeemable Preference equity Shares of Rs 10/- each to the Equity Shareholders and the Preference equity Shareholders respectively of ACC-Nihon Castings Limited (Transferor Company) pursuant to an Order dated March 23, 2009 passed by the Honble High Court at Calcutta in connection with the amalgamation of ACC-Nihon Castings Limited with the Company.

Consequently with effect from July 29, 2009, the Issued, Subscribed and Paid up equity Share Capital of the Company stands increased to Rs 13,17,67,250/- consisting of 71,76,725 Equity Shares of Rs 10/- each fully paid up and 60,00,000, 10% Cumulative Redeemable Preference equity Shares of Rs 10/- each fully paid up.

Tata Steel Board Approves Scheme Of Equity Share - July 29, 2009

The board of Tata Steel and Hooghly Met Coke & Power Company have approved scheme of amalgamation of HMPCL with the company with effect from 01 April 2009. HMPCL is a wholly owned subsidiary of the company with its registered office in West Bengal.

Upon the scheme coming into effect and in terms of the scheme of amalgamation, all assets and liabilities of HMPCL will stand transferred to the company at their book values and all equity shares of HMPCL shall stand cancelled.

No equity shares will be issued by the company in lieu of equity shares of HMPCL. The scheme is subject to and conditional upon requisite approvals and sanctions being received thereof.

This was approved at the board meeting held on 29 July 2009.

Uflex In The Direction Issue Of Equity Shares - July 28, 2009

The board meeting of Uflex will be held on 30 July 2009 to consider the proposal for mobilizing funds by issue, offer and allotment of Rrghts issue and/or public issue and/or QIPs and/or against subscription in foreign currency/Indian rupee through prospectus and/or offering circular/letter, of equity shares of the company and/or any other equity related instrument with or without warrants, NCDs/PCDs with or without warrants and/or GDSs and/or ADSs against the issue of underlying equity shares and/or FCCBs convertible at the option of the holder into equity shares and/or GDSs to resident or foreign investors and authorization to committee of directors to decide the type of issue/quantum of issue etc.

Glodyne Technoserve - Grant Of Equity Share Option Under ESOS - July 28, 2009

Glodyne Technoserve Limited has informed that the Compensation Committee of the Board of Directors at its meeting held on July 27, 2009, has granted 92,262 stock options (each option carrying right to apply for one Equity Share of Rs 10/- each) to the eligible employees of the Company and its subsidiary.

Against each such stock option, the eligible employees will have right to apply for and get allotted one equity share at a exercise price of Rs 534.35/- (Rupees Five Hundred and Thirty Four and Thirty Five Paise only) being the closing market price on BSE, where the trading volume in the Companys equity shares was higher, on the last trading day prior to the Meeting of Compensation Committee. The vesting period & conditions for the said options is as prescribed in grant letters.

Gujarat Petrosynthese Board Approves Buy-Back Of Equity Shares - July 28, 2009

Gujarat Petrosynthese Limited has informed that the Board of Directors of the Company at its meeting held on July 27, 2009, inter alia, has considered the matters relating to Buy-Back of Equity Shares. After deliberations, it was decided as under:

- Pursuant to the provisions of Section 77A, 77AA, 77B and all other applicable provisions, if any, of the Companies Act, 1956 and the provisions of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, including any statutory modification(s) or reenactment of the Act of Regulations for the time being in force, and subject to such approvals, permissions and sanctions as may be necessary, approval of the equity shareholders be sought through postal ballot for Buy-back of not more than 1211762 fully paid equity shares of the Company of the face value of Rs 10/- each from the existing equity shareholders, in aggregate not exceeding 25% of the existing paid up equity capital of the Company, at a price of Rs 40/- per equity share, such that the aggregate consideration for the equity shares bought back does not exceed 25% of the equity capital and free reserves of the Company.

Titagarh Wagons Equity Shareholders To Approve Scheme - July 27, 2009

Titagarh Wagons has announced that pursuant to an order made on 07 July 2009, the Hon'ble High Court at Calcutta has directed that separate meetings of the equity Shareholders of Titagarh Steels, being the applicant company no.1 above named (TSL) and Titagarh Wagons being the applicant company no.3 above named (the transferee company) will be held on 12 August 2009 for the purpose of considering and if thought fit, approving, with or without modification, the proposed scheme of amalgamation of TSL and Titagarh Biotec, being the applicant company no.2 above named (TBPL) with the transferee company.

The company made this announcement after the trading hours today, 27 July 2009.

Zyden Gentec Board Approves To Convert Warrants Into Equity Share - July 27, 2009

The board of Zyden Gentec has accorded its approval for the conversion of 3,00,000 warrants into equity shares of Rs 10 each (exercise price of Rs 31 per equity share) on being fully paid up to Deepak Real Estate Developers (1,00,000) and Struzzo Capital Services (2,00,000).

The board also discussed the working and performance of the company.

This was decided at the board meeting held on 25 July 2009.

Geometric - Grant Of Equity Share Under ESOP Scheme - July 27, 2009

Geometric Limited td has informed that the Compensation Committee of the Company at its meeting held on July 24, 2009 has granted 23,000 options to the senior management of the Company and its subsidiary.

Each Vested Option shall be convertible into 1 equity share of the Company of the face value of Rs 2/- each at the Exercise Price.

The vested Options shall be exercisable within such period not exceeding five years from the date of grant.

Indiabulls Financial Allotments Of Equity Shares - July 25, 2009

The committee of Indiabulls Financial has issued and allotted 5,61,40,350 fully paid-up equity shares at a price of Rs 171 per equity share aggregating to Rs 959,99,99,850.

Consequent to the issue and allotment of the equity shares as aforesaid, the paid-up equity share capital of the company stands increased from the present Rs 50,72,59,538 divided into 25,36,29,769 equity shares of face value Rs 2 each to Rs 61,95,40,238 divided into 30,97,70,119 equity shares of face value Rs 2 each.

These equity shares were allotted at the committee of directors meeting held on 24 July 2009.

Samtel Color Allotment Of Equity Shares - July 25, 2009

The committee of Samtel Color has the conversion of warrants into equity shares and allotted 23,25,581 equity shares of face value of Rs 10 to CEA Consultants, the promoter company in pursuant to the preferential issues.

Issued and paid up equity share capital of the company has now been increased from 5,12,71,185 equity shares at the rate of Rs 10 each fully paid up for Rs 51,27,11,850 to 5,35,96,766 equity shares at the rate of Rs 10 each fully paid up for Rs 53,59,67,660.

The company made this announcement after the trading hours on 24 July 2009.