| 2010-09-22 15:07:00.0 | Cambridge Solutions Limited | Updates | Cambridge Solutions Limited has informed the Exchange that "Xchanging Plc, ultimate holding company of our Company has intimated to London Stock Exchange that Mr. Ken Lever will be appointed to the Xchanging Plc Board as Chief Financial Officer (CFO) on October 5, 2010 and will begin the transition phase of his new role immediately. Ken will replace Richard Houghton, who announced on 15 July 2010 his intention to step down as Director of Xchanging PLC and to leave the Company. Mr. Richard Houghton will also be stepping down from the Xchanging Plc Board on 5 October. Mr. Richard Houghton is Executive Vice Chairman and Executive Director of our Company. He will step down from Board of Directors of our Company in due course, to be replaced by Mr. Ken Lever". |
| 2010-09-22 15:04:00.0 | Prime Focus Limited | Annual General Meeting | Prime Focus Limited has submitted to the Exchange a copy of the Notice of the Annual General Meeting of the company to be held on September 30, 2010. |
| 2010-09-22 14:20:00.0 | Jai Balaji Industries Limited | Outcome of Annual General Meeting | Jai Balaji Industries Limited has informed the Exchange regarding outcome of the Annual General Meeting held on September 22, 2010. |
| 2010-09-22 14:12:00.0 | Gujarat Industries Power Co Lt | Change in Auditors | Gujarat Industries Power Company Limited has informed the Exchange that Shareholders at the Annual General Meeting held on September 18, 2010 have appointed M/s VCA & Associates, Chartered Accountants - Vadodara as Statutory Auditors of the Company in place of retiring auditor M/s K C Mehta & Co., Chartered Accountants, Vadodara. This change is made in the light of good governance practices adopted by the Company. |
| 2010-09-22 13:34:00.0 | Ruchi Infrastructure Ltd | Resignation of Director | Ruchi Infrastructure Limited has informed the Exchange that at the meeting of Executive Committee of Board of Directors of the Company held on September 17, 2010, the Board, interalia, approved the resignation of Shri Mahendra Prasad Sharma, the Whole Time Director. |
| 2010-09-22 13:01:00.0 | Jbf Industries Ltd | Qualified Institutional Placement | Jbf Industries Limited has submitted to the Exchange a copy of resolution passed by the Committee of the Board of Directors for Qualified Institutions Placement of the Company at their meeting held on September 22, 2010. |
| 2010-09-22 11:46:00.0 | Ansal Properties & Infrastructure Limited | Date of payment of dividend | Ansal Properties & Infrastructure Limited has informed the Exchange that the dividend @ 10% (i.e. Rs. 0.50 per Equity Share) on the paid up Equity Share Capital, as recommended by the Board of Directors, will be payable from October 20, 2010, if declared by the Members at the Annual General Meeting to be held on September 29, 2010. |
| 2010-09-22 11:16:00.0 | Elder Pharmaceuticals Ltd | Qualified Institutional Placement | Elder Pharmaceuticals Limited has informed the Exchange that the QIP Issue of the Company closed on September 21, 2010. The QIP Committee of the Company met on September 22, 2010 for noting the applications received by the Company/Book Running Lead Manager, viz. Karvy Investor Services Pvt. Ltd. Further, the Company has submitted to the Exchange a copy of resolution passed by the QIP Committee on September 22, 2010. |
| 2010-09-22 11:01:00.0 | Panoramic Universal Limited | Acquisition | Panoramic Universal Limited has informed the Exchange that "The Company has further acquired 9,80,000 (12.25%) equity shares of M/s. Sri Vatsa Hotels Limited, a closely held unlisted public company and a subsidiary of Panoramic Universal Limited. After the said acquisition, the Company is holding 100% equity shares of M/s. Sri Vatsa Hotels Limited and now it has become a wholly Owned Subsidiary of the Company". |
| 2010-09-22 10:47:00.0 | Mic Electronics Limited | Press Release | Mic Electronics Limited has informed the Exchange regarding the press release dated September 21, 2010 titled "MIC's cutting edge LED Display technology at Nautanki Mahal, Kingdom of Dreams, Gurgoan". |
| 2010-09-22 10:11:00.0 | Adhunik Metaliks Limited | Minutes of Annual General Meeting | Adhunik Metaliks Limited has submitted to the Exchange a copy of Minutes of the Annual General Meeting of the Company held on September 10, 2010. |
| 2010-09-22 09:23:00.0 | Himachal Futuristic Communicat | Amalgamation / Merger | Himachal Futuristic Communications Limited had informed the Exchange that the Board of Directors of the Company has given its in-principle approval to evaluate the proposal of amalgamation of Sunvision Engineering Company Pvt Limited ("Sunvision") into Himachal Futuristic Communications Limited ("the Company"). The Company has now informed that, Amalgamation: Subsequently, Amalgamation Committee of Directors had given its recommendations to the Board of Directors of the Company to amalgamate Sunvision into the Company. The Board of Directors at their Meeting held on September 21, 2010 has given its approval for Amalgamation of Sunvision into the Company with the Appointed date as January 01, 2010, subject to the requisite approval of Shareholders, Creditors, High court and all other concerned authorities. The proposed amalgamation would be beneficial to the Company as well as to all the stakeholders of the Company. The Composite Scheme of Arrangement and Amalgamation is presented with a view to achieve restructuring of the Company, which would result in increase in the networth of the Company and improvement in financial health of the Company. The Board considered the Share Exchange Ratio recommended by M/s Ernst & Young (P) Ltd, Mumbai and M/s Pravin P. Shah & Company, Chartered Accountants, Mumbai and the fairness opinion issued by M/s SMC Capitals Ltd, New Delhi, a Merchant Banker registered with the Securities and Exchange Board of India. Based on the recommendation of the said Valuers and opinion of the Merchant Banker, the Board of Directors, has approved the Share Exchange Ratio as stated herein after. Reduction & Reconstruction: Further, based on the recommendation of the Amalgamation Committee of Directors, the Board of the Company has also given its approval to reduce the paid up equity share capital from Rs. 10/- paid up per share to Re. 1/- paid up per share, subject to the requisite approval of Shareholders, Creditors, High court and all other concerned authorities.Accordingly, the existing paid up equity share capital of the Company shall be reduced from Rs. 462,79,36,970/- divided into 46,27,93,697 fully paid up equity shares of Rs. 10/- each to Rs. 46,27,93,697/- divided into 46,27,93,697 fully paid up equity shares of Rs. 1/- each. The reduction of capital would be an Integral part of the Scheme. The Reduction does not involve either the diminution of any liability in respect of unpaid capital or the payment to any shareholder of any paid-up share capital. The Company is adjusting a part of the losses currently standing in its Books of Account against the paid-up equity share capital. Each shareholder would continue to hold the same number of equity shares but its paid-up value would be reduced from Rs. 10/- each to Re. 1/- each fully paid up. Such a reduction would not cause any prejudice to the creditors or shareholders of the Company, as after the reduction of the equity share capital, the networth of the company will not decrease because the debit balance in the Profit & Loss Account is being adjusted against the paid up equity share capital. Approval of the Board: Under the Scheme of Arrangement & Amalgamation, the Board of Directors of the Company have approved the Share Exchange Ratio as 1:47. Accordingly, the equity shareholders of Sunvision will receive 47 (forty seven) fully paid up equity shares of the face value of Re. 1/- each of the Company for every 1 (one) fully paid up equity shares of Rs. 10/- each of Sunvision held by them on the record date to be fixed by the Company. As regarding the issue of equity shares to Optionally Convertible Debenture holders of Sunvision, 47 (forty seven) equity shares of Rs. 1/- each fully paid up will be received by them for every 1 (one) equity share of the face value of Rs. 10/- each of Sunvision held by them on the record date, if the Optionally Convertible Debentures are converted into the equity shares of Sunvision. |
| 2010-09-22 00:59:00.0 | Kesoram Industries Ltd | Updates | Kesoram Industries Limited has informed the Exchange vide its letter dated September 22, 2010 regarding "Suspension of Production at Green field project at Uttarakhand". |
| 2010-09-22 00:53:00.0 | Gujarat Industries Power Co Lt | Updates | Gujarat Industries Power Company Limited has informed the Exchange vide its letted dated September 22, 2010 regarding stoppage of Unit 3 of 125 MW at Surat Lignite Power Project. |
| 2010-09-22 00:36:00.0 | Tv Today Network Limited | Proceedings of Annual General Meeting | Tv Today Network Limited has submitted to the Exchange a copy of proceedings of Annual General Meeting of the Company held on August 26, 2010. |
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