MN 1:
Todays Writing declares dividend for FY-05
Todays Writing Products Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on September 28, 2005, inter alia, have accorded to the following:
1. Adoption of Audited Balance Sheet as on March 31, 2005 and the Profit and Loss Account for the year ended as on that date together with the Auditors Report and Directors report thereon.
2. Declaration of dividend at the rate of Rs 1.50/- per equity share of Rs 10/- each on the Equity Share Capital of the Company for the year ended March 31, 2005.
3. Re-appointment of Mr. Ronald Netto as Director of the Company, liable to retire by rotation.
4. Re-appointment of M/s Ajay Shobha & Co. and M/s Chaturvedi Sohan & Co., Chartered Accountants, as Auditors of the Company to hold the office until the conclusion of the next Annual General Meeting.
5. Appointment of Mr. Sushil Sharma, who was appointed as Additional Director, as a Director of the Company, liable to retire by rotation.
6. Increase in the Authorised Share Capital of the Company from Rs 15,00,00,000/- divided into 1,50,00,000 equity shares of Rs 10/- each to Rs 25,00,00,000/- divided into 2,50,00,000 equity shares of Rs 10/- each, and consequential amendment in Memorandum and Article of Association of the Company.
7. Re-appointment of Mr. Rajesh Kumar Drolia as Managing Director of the Company for the period of five years effective September 30, 2005 to September 29, 2010.
8. Appointment of Mr. Sushil Sharma as Whole Time Director of the Company for a period of five years effective October 01, 2005 to September 30, 2010.
9. Authority to the Board to delist the Equity shares from The Stock Exchange, Ahmedabad, The Delhi Stock Exchange Association Ltd, The Calcutta Stock Exchange Association Ltd and Vadodara Stock Exchange Ltd.
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MN 2:
Satyam Computer allots shares under stock option plans
Satyam Computer Services Ltd has informed that the Board of Directors of the Company have allotted 44,291 equity shares through circular resolution on September 30, 2005 under stock option plans of the Company.
Further the Company has informed that consequent to the above allotment, the paid up share capital of the Company has gone up from 321,921,051 equity shares of Rs 2/- each aggregating Rs 643,842,102 to 321,965,342 equity shares of Rs 2/- each aggregating Rs 643,930,684.
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NTPC: News clarification
With reference to the news item titled, NTPC firms up oil exploration foray & India awards exploration blocks to NTPC, Jubilant respectively, National Thermal Power Corporation Ltd (NTPC) has clarified that, the Company has not received any official communication on this subject and has no other information except having learnt it from the news item.
Further the Company has informed that it will inform the correct position as soon as the Company receive official communication about award of Oil Block to NTPC Consortium.
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Kakatiya Cement announces 20% dividend
Kakatiya Cement Sugar & Industries Ltd has informed that the Shareholders at the 26th Annual General Meeting (AGM) of the Company held on September 30, 2005, declared payment of Dividend at 20% i.e. Rs 2.00 per share.
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Syncom Formulations announces 15% dividend
Syncom Formulations (India) Ltd has informed that the members of the Company at the 17th Annual General Meeting (AGM) of the Company held on September 30, 2005, inter alia, have approved the payment of dividend at 15% (Rs 1.50/- per share) on the Equity Shares of Rs 10/- each.
Further the Company has informed that the dispatch of dividend Cheques/DDs for the year 2004-2005 to all the members will start after October 01, 2005.
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Alps Industries members declare 15% dividend
Alps Industries Ltd has informed that the members at the 33rd Annual General Meeting (AGM) of the Company held on September 30, 2005, inter alia, have approved the following:
1. Adoption of Audited Balance Sheet as on and Profit & Loss Account for the year ended March 31, 2005, alongwith the Directors Report and Auditors Report thereon.
2. Declaration of Dividend on Equity Shares at 15% on the issued, subscribed and paid-up capital as on March 31, 2005.
3. Re-appointment of Mr. Rakesh Gupta, as Director of the Company.
4. Re-appointment of M/s. R K Govil & Co, as the Statutory Auditors of the Company till the conclusion of next Annual General Meeting.
5. Approval under Section 293(1)(a) have granted for mortgaging the fixed assets of the Company.
6. Approval for enhancement in the borrowing powers under section 293(1)(d) of the Companies Act, 1956.
7. Approval for the commencement and make amendment in the part III clause (C) under the heads Other Objects of the Memorandum of Association of the Company.
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Investors are need to cross check msgs before deciding (buy or Sell)
From
Arvind.K