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BSE Announcements   Daily BSE Announcements: Thursday, September 02, 2010 AEGIS LOGIS Aegis Logistics' board approves sub-division of shares To raise funds The board of Aegis Logistics in its meeting on 01 September 2010 has decided to raise funds upto Rs. 100 crore by means of preferential allotment / qualified institutional placement of equity shares, subject to approval of members and shareholders. Further, the board has approved the sub-division of shares of Rs. 10 each of the company into shares of Rs. 2 each. HIND.PETRO HPCL's C&MD holds additional charge as director (marketing) With effect from 01 August 2010 Hindustan Petroleum Corporation (HPCL) has announced that the company have received a letter dated 30 August 2010 from Ministry of Petroleum & Natural Gas advising that S. Roy Choudhury C&MD, HPCL will be holding additional charge of the post of director (marketing) of the corporation with effect from 01 August 2010 or till a regular incumbent is appointed or until further orders, whichever is earlier. RANBAXY LAB. Ranbaxy sets up new manufacturing facility in South Africa Ranbaxy (S.A), a wholly owned subsidiary of Ranbaxy Laboratories has announced the opening of its new state-of-the-art manufacturing facility, Be-Tabs Pharmaceuticals Manufacturing Plant at Roodepoort, Johannesburg, South Africa. The new facility was inaugurated by Anand Sharma, Minister for Commerce and Industry, Government of India, in the presence of the Indian High commissioner, Virendra Gupta and representatives from the South African Department of Trade and Industry. The company made this announcement after the trading hours on 01 September 2010. TATA POWER Tata Power, Origin Energy & Supraco consortium wins geothermal bid in Indonesia Tata Power Company has announced that the consortium comprising of Tata Power, Origin Energy and PT Supraco Indonesia was declared as the successful bidder for the Sorik Marapi geothermal project in Northern Sumatra, Indonesia. The Sorik Marapi project is estimated to support the development of approximately 240 MW of geothermal generation capacity. The project will be developed by PT Sorik Marapi Geothermal Power, a Special Purpose Vehicle formed by the consortium. The company made this announcement during the trading hours today, 02 September 2010. ACC LTD ACC produces 1.56 million tonnes of cement during August 2010 Compared to 1.63 million tonnes produced during August 2009 ACC produced 1.56 million tonnes of cement and dispatched 1.57 million tonnes of cement during August 2010 as compared to 1.63 million tonnes produced and 1.65 million tonnes dispatched during August 2009. The company made this announcement after the trading hours on 01 September 2010. PRISM INFO Prism Informatics appoints additional director With effect from 01 September 2010 The board of Prism Informatics in its meeting on 01 September 2010 has appointed Mohan Natarajan as additional director of the company with effect from 01 September 2010. BHORUKA ALU. Bhoruka Aluminium's members & unsecured creditors approves scheme of amalgamation On 01 September 2010 The members and unsecured creditors of Bhoruka Aluminium in its meeting on 01 September 2010 have approved the scheme of amalgamation of Bhoruka Agro Greens with Bhoruka Aluminium with their respective shareholders and creditors. SOM DISTILL. Som Distilleries & Breweries recommends dividend Of 5% The board of Som Distilleries & Breweries in its meeting on 01 September 2010 has recommended dividend at the rate of Re 0.50 per share (5%) for the year 2009-10. LIVINGROOM L Living Room Lifestyle to hold board meeting On 04 September 2010 The board meeting of Living Room Lifestyle will be held on 04 September 2010 to consider change in statutory auditors of the company. GRRENDA INVE Grenada Investment & Trading Company to forfeit equity shares The board of Grenada Investment & Trading Company in its meeting on 01 September 2010 has decided to forfeit 20,000 equity shares in the name of Systematic Trading & Investment. AD-MANUM FIN Ad-Manum Finance recommends dividend Of 10% The board of Ad-Manum Finance in its meeting on 31 August 2010 has recommended dividend at the rate of 10% for the year ended 31 March 2010. VAMA INDS Vama Industries to hold board meeting On 09 September 2010 The board meeting of Vama Industries will be held on 09 September 2010 to consider and approve commencement of new business stated in the main objects clause of Memorandum of Association of the company. ST.STR.WHEEL Steel Strips Wheels sales up by 85% in August 2010 Steel Strips Wheels (SSWL) has achieved highest ever steel wheel sales of Rs. 5865 lakhs in August 2010 as aginst Rs 3167 lakhs in August 2009, recording a growth of 85%. The company made this announcement during the trading hours today, 02 September 2010. NAKODA Nakoda plans geen energy investment in Madhya Pradesh Nakoda has announced that the company is planning to acquire wind mills from Global Wind Power (GWPL), a company floated by Reliance ADAG Group for Rs.32.92 crore. Of this, Rs.23 crore would be from debt and the balance will funded from internal resources. The wind turbines are developed by GWPL, with state-of-art technology in collaboration with Norwin Denmark. The wind power plant will be set up at Jethana, Ratlam District, Madhya Pradesh and will have 7 turbines with a capacity of 750 KW each, aggregating to 5.25 MW. The company made this announcement during the trading hours today, 02 September 2010. SHIVVANI OIL Shiv-Vani Oil & Gas Exploration Services recommends dividend Of 10% The board of Shiv-Vani Oil & Gas Exploration Services in its meeting on 01 September 2010 has recommend dividend at the rate Re 1 per share (10%). SHIPP.CORPN U C Grover ceases as director of Shipping Corporation of India With effect from 01 September 2010 Shipping Corporation of India has announced that U C Grover has ceased to be a director on the board of the company with effect fom 01 September 2010, consequent to his superannuation on 31 August 2010. INN.TECH.PAC Innovative Tech Pack appoints MD The members of Innovative Tech Pack have appointed K Sayaji Rao as managing director of the company. This was decided at the extraordinary general meeting held on 01 September 2010. TEESTA AGRO Teesta Agro Industries to issue equity shares On preferential basis The board of Teesta Agro Industries in its meeting on 30 August 2010 have approved to issue of 5,30,000 equity shares of Rs. 10 each on preferential basis to promoters and others, subject to approval of shareholders. DUJOD PAP CH Dujodwala Paper Chemicals to issue equity shares On private placement basis The board of Dujodwala Paper Chemicals in its meeting on 30 August 2010 has decided to issue 3,08,000 equity shares of Rs. 10 each to Blue Orange Entertainment on private placement basis. AAREY DRUGS Aarey Drugs & Pharmaceuticals to hold board meeting On 07 September 2010 The board meeting of Aarey Drugs & Pharmaceuticals will be held on 07 September 2010 to consider and approve the draft letter of offer of the proposed rights issue of equity shares of the company. PARENT.DRUGS Parenteral Drugs India recommends dividend Of Rs 2 per share The board of Parenteral Drugs India in its meeting on 02 September 2010 has recommended dividend at the rate of Rs. 2 per share for the year ended 31 March 2010. Further, the board has declared bonus issue in the ratio of 1 fully paid up bonus shares for every 3 fully paid up equity shares held by the members of the company. KOSHA C.CONT Kosha Cubidor Containers' members approve sub-division of shares On 30 August 2010 The members of Kosha Cubidor Containers have approved to change the name of the company from Kosha Cubidor Containers to KCCL Plastic. Further, the members have approved the sub-division of equity shares from face value of Rs 10 each to Rs. 2 each. This was approved at the extraordinary general meeting held on 30 August 2010. NEOGEM INDIA Neogem India to issue warrants Board meeting on 02 September 2010 The board meeting of Neogem India will be held on 02 September 2010 to consider issue of equity warrants to the promoters and independent investors on preferential basis. MOLD-TEK TEC Mold Tek Technologies recommends dividend Of 15% The board of Mold Tek Technologies in its meeting on 01 September 2010 has recommended dividend at the rate of Rs 1.50 per share (15%) for the year ended 31 March 2010. KALPENA Kalpena Industries recommends dividend Of 22% The board of Kalpena Industries in its meeting on 01 September 2010 has recommended dividend at the rate of Rs 2.20 per share (22%). HOWARD HOTEL Howard Hotels to hold board meeting On 03 September 2010 The board meeting of Howard Hotels will be held on 03 September 2010 to covert 18 lakh warrants into equity shares and to allot such shares to the warrant holders. CHANDRA PRAB Chandra Prabhu International to consider dividend Board meeting on 04 September 2010 The board meeting of Chandra Prabhu International will be held on 04 September 2010 to recommend dividend. GOYAL FIN.(I GFL Financials India's members approve sub-division of shares On 30 August 2010 The members of GFL Financials India have approved the sub-division of equity shares from face value of Rs 10 each to Rs. 2 each. This was approved at the extraordinary general meeting held on 30 August 2010. GEMSTONE INV Gemstone Investments to hold board meeting On 02 September 2010 The board meeting of Gemstone Investments will be held on 02 September 2010 to consider the resignation of Lalit Gandhi, whole-time director of the company. SUNGOLD CAP. Sungold Capital to hold board meeting On 03 September 2010 The board meeting of Sungold Capital will be held on 03 September 2010 to consider the proposal of preferential issue of equity shares of the company. NOUVEAU MUL. Nouveau Multimedia to hold board meeting On 09 September 2010 The board meeting of Nouveau Multimedia will be held on 09 September 2010 to consider delisting of equity shares of the company from Ahemdabad Stock Exchange. ANKUR DRUGS Ankur Drugs and Pharma recommends dividend Of 22.5% The board of Ankur Drugs and Pharma in its meeting on 01 September 2010 has recommended dividend at the rate of Rs. 2.25 per share (22.5%). PRABHAV IND Prabhav Industries to hold board meeting On 02 September 2010 The board meeting of Prabhav Industries will be held on 02 September 2010 to consider change in the corporate office address of the company. SAARC NET LT Saarc Net appoints director With effect from 31 August 2010 The board of Saarc Net in its meeting on 31 August 2010 has appointed Sager Jain as whole-time director of the company. Further, the board has accepted the resignation of Sudhakar Senapaty, director of the company. DENA BANK Dena Bank announces strike On 07 September 2010 Dena Bank has announced one day strike on 07 September 2010 throughout the country for their various demands. WELCORP Welspun Corp bags new orders Worth Rs 700 crore Welspun Corp has won new pipe orders worth Rs 700 crore from dometic and international markets. These new orders are likely to be executed in the current financial year. The company made this announcement during the trading hours today, 02 September 2010. CORPN.BANK Central Government appoints Ramnath Pradeep as chairman & MD of Corporation Bank With effect from 01 September 2010 Corporation Bank has announced that the Central Government after consultation with the Reserve Bank of India has appointed Ramnath Pradeep, executive director of Central Bank of India as chairman and managing director of the bank with effect from 01 September 2010 upto 30 September 2011. SOUTH IND.BK South Indian Bank appoints additional directors With effect from 31 August 2010 The board of South Indian Bank in its meeting on 31 August 2010 has appointed Amitabha Guha and K. Thomas Jacob as additional directors of the bank. Further, C. J. Jose, director has resigned as director and ceased to be member of the board with effect from 31 August 2010. GEOJIT BNP Geojit BNP Paribas Financial Services allots equity shares Under ESOP The committee of Geojit BNP Paribas Financial Services on 01 September 2010 has allotted 1,09,521 equity shares of face value of Re. 1 each to employees of the company and subsidiaries upon exercise of stock options under Employee Stock Option Plan 2005. SOFTPRO SYS. Softpro Systems allots equity shares On conversion of warrants The board of Softpro Systems in its meeting on 01 September 2010 has allotted 65,000 equity shares of Rs. 10 upon exercise of the right of conversion for 65,000 fully convertible warrants held by the warrant holder. COMPUCOM SOF Compucom Software to hold board meeting On 09 September 2010 The board meeting of Compucom Software will be held on 09 September 2010 has approved issue of securities to promoters and persons other than promoters on preferential basis. AKSH OPTIFIB Aksh Optifibre allots equity shares Appoints director The board of Aksh Optifibre in its meeting on 01 September 2010 has allotted 5,82,87,500 equity shares underlying 11,65,750 GDRs. The board has appointed Chetan Choudhari as whole-time director of the company. TRANSCORP IN Transcorp International to convene EGM On 20 September 2010 Transcorp International has announced that the extraordinary general meeting of the company will be held on 20 September 2010. ANDHRA BANK R S Reddy ceases as chairman & MD of Andhra Bank With effect from 31 August 2010 Andhra Bank has announced that R. S. Reddy, chairman and managing director of the bank demitted the office on superannuation on 31 August 2010. UNION BANK L Sunderrajan Raman ceases as executive director of Union Bank of India Union Bank of India has announced that Sunderrajan Raman, executive director ceased to be director of Union Bank of India, consequent to appointment of Sunderrajan Raman as chairman and managing director of Canara Bank, vide notification dated 01 September 2010 of Ministry of Finance, Government of India. CANARA BANK Central Government appoints Sunder Rajan Raman as chairman & MD of Canara Bank With effect from 01 September 2010 Canara Bank has announced that the Central Government after consultation with the Reserve Bank of India has appointed Sunder Rajan Raman, presently executive director, Union Bank of India as chairman and managing director of Canara Bank with effect from 01 September 2010 upto 30 September 2012. UCOBANK Central Government appoints Arun Kaul as chairman & managing director of UCO Bank With effect from 01 September 2010 UCO Bank has announced that the Central Government after consultation with Reserve Bank of India has appointed Arun Kaul as chairman and managing director of UCO Bank with effect from 01 September 2010 for a period of five years or until further order, which ever is earlier. INDIABULLS Indiabulls Financial Services allots equity shares Under ESOP The board of Indiabulls Financial Services in its meeting on 01 September 2010 has allotted 85,786 equity shares of face value of Rs. 2 each Employees Stock Option Plans. Consequent to the said allotment, the paid-up equity share capital of the company stands increased from Rs. 62.05 crore to Rs. 62.07 crore. FCS SOFTWARE FCS Software Solutions to increase authorised share capital To raise funds The board of FCS Software Solutions in its meeting on 01 September 2010 has decided to increase the authorizsed share capital of the company from Rs 125 crore to Rs 150 crore. Further, the board has decided to raise funds to the extent of Rs 100 crore by way of preferential allotment of shares/ warrants. USHER AGRO Usher Agro to raise funds Through issue of QIP The members of Usher Agro have accorded to raise funds through QIP. This was accorded at the extraordinary general meeting held on 30 August 2010. DEV CRBANK Development Credit Bank hikes BPLR by 50 bps With effect from 01 September 2010 Development Credit Bank (DCB) has announced the revision of the Benchmark Prime Lending Rate (BPLR) to 15.50% for all eligible advances linked to BPLR. The bank has increased the BPLR by 50 basis points i.e. from 15.00% p.a. to 15.50% pa with effect from 01 September 2010. CINEMAX IND Cinemax India announces launch of three screens multiplex 'Shiv-Cinemax' at Ahmedabad On 02 September 2010 Cinemax India is launching the three screens multiplex 'Shiv-Cinemax' situated at Ashram Road, Ahmedabad on 02 September 2010. TRANSWARRANT Transwarranty Finance to hold board meeting On 06 September 2010 The board meeting of Transwarranty Finance will be held on 06 September 2010 to evaluate and approve the business plan of subsidiary company, Vertex Securities for its foray into business of natural resources by making investments in such assets or company owning such assets. ZYLOG SYSTEM Zylog Systems to raise funds Through issue of securities The board of Zylog Systems in its meeting on 02 September 2010 has approved to raise long term resources to funds upto Rs. 250 crores by further issue of securities / instruments in domestic / international markets including equity shares/warrants with Convertible or Non-Convertible Debentures under Qualified Institutions Placement (QIP) or Foreign Currency Convertible Bonds (FCCBs) or American Depository Receipts (ADRs) or Global Depository Receipts (GDRs), subject to shareholders and other necessary approvals. CENTRAL BK Central Bank of India and Wipro sign 5 year strategic partnership To provide technology core banking solution for seven sponsored Regional Rural Banks Central Bank of India and Wipro have announced a 5 year total outsourcing agreement to provide state-of-the-art technology core banking solution for seven sponsored Regional Rural Banks. One of them, Uttar Bihar Gramin Bank is the biggest RRB in India and has a large presence in Bihar. The engagement is of vital importance to Central Bank of India in order to achieve its objective of financial inclusion and bringing low cost and efficient banking services to the rural masses. The Centralized Core Banking Project is expected to facilitate efficient internal operations for the seven Regional Rural Banks. It is also expected to provide the competitive edge by enabling regional rural banks offer innovative products and services at optimum costs. The Core Banking project would integrate 2000 sites which include branches, extension counters, Satellite offices, Regional Offices, Head Offices and back offices in a phased manner. The solution would also offer alternate Delivery Channels like Internet Banking and Mobile (including SMS Alerts) Banking. The company made this announcement after the trading hours on 01 September 2010. KOUTONS RET Koutons Retail India adjourns board meeting To 04 September 2010 The board meeting of Koutons Retail India which was scheduled to be held on 01 September 2010 has been adjourned. The meeting will now be held on 04 September 2010 to recommend dividend for the financial year of 2009-10. IRB INFRA IRB Infrastructure Developers' subsidiary executes hotel operating agreement with The Indian Hotels IRB Infrastructure Developers has announced that Aryan Hospitality (AHPL), company's subsidiary company has executed hotel operating agreement and technical services & development assistance agreement with The Indian Hotels Company to operate and maintain a Gateway Hotel to be constructed by AHPL at Kolhapur, Maharashtra. The company made this announcement during the trading hours today, 02 Septembe 2010. GAMMON INFRA Gammon Infrastructure Projects allots equity shares Under ESOS The committee of Gammon Infrastructure Projects on 01 September 2010 has approved the issue and allotment of 2,00,000 equity shares of Rs. 2 each on exercise of stock options by the employees under the GIPL Employee Stock Option Scheme - 2007 (pre-IPO) & GIPL Employee Stock Option Scheme - 2008. BAJAJ AUTO Bajaj sales at an all time high in August 2010 Bajaj motorcycles sales rises to 59% in August 2010 Bajaj motorcycle sales grew 59% in August 2010. Bajaj Auto has sold 2,89,176 motorcycles and 40,188, 3 wheelers in August 2010. This includes 98,578 export units. The company sold 1,82,441 motorcycles and 30,021, 3 wheelers in August 2009. This includes 75,164 export units. The company made this announcement during the trading hours today, 02 September 2010. JINDALCOTEX Jindal Cotex' subsidiary announces implementation textile park In the state of Himachal pradesh Jindal Cotex has announced that Himachal Textile Park, a subsidiary of Jindal Cotex has started the implementation of its textile park in the state of Himachal pradesh. RBN Reliance Broadcast Network' board approves preferential allotment On 01 September 2010 The board of Reliance Broadcast Network in its meeting on 01 September 2010 has decided to make preferential allotment upto 5 crore equity shares of the company at a price of Rs. 85 per equity share to the promoters/other investors. NICCO COR(PS Nicco Corporation's CFO resigns With effect from 31 August 2010 Nicco Corporation has announced that pursuant to the resignation of Deepak Guha, senior vice president & CFO of the ccmpany with effect from 31 August 2010, Udayan Ray, managing director has been redesignated as managing director & CFO with effect from 01 September 2010.

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