Corporate announcements

Dic India Limited has informed the Exchange that the Board in its meeting held on July 04, 2009, has decided to evaluate the options of divesting its Can Coating business operated through its wholly owned unlisted subsidiary company, DIC Coatings India Limited. The Board observed that DIC Coatings India Limited carrying on the business of Can Coatings was not in the core business area of the parent company and thought it fit to explore the possibilities to divest its shareholdings to a potential Buyer at an appropriate time and price as the Board may decide.

Jaiprakash Hydro-Power Limited has informed the Exchange that accepting the recommendation of its committee of Directors, subject to the requisite approvals and sanction of the Scheme by Hon'ble High Court, the Board of Directors of the Company in their meeting held on July 03, 2009 have, inter-alia, approved the amalgamation of Jaiprakash Power Ventures Limited (JPVL) (the Transferor Company) with Jaiprakash Hydro Power Limited (JHPL) (the Transferee Company), with effect from April 01, 2009 , being Appointed date. In terms of the proposed Scheme of Amalgamation, the shareholders of the Trans

Lg Balakrishnan & Bros Ltd has informed the Exchange that: "L.G. Balakrishnan & Bros Limited has entered into an Agreement with the promoters, directors of M/s. M.M.Gears Private Limited, a Company engaged in the manufacture of Gears & Gear boxes, for acquisition of 100% shares of the Company and subject to satisfactory due diligence".

Gitanjali Gems Limited has informed the Exchange regarding Acquisition of stake in Mobilenxt Teleservices Private Limited. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_ANN_01072009.zip target=NEW> For more details click here.</a>

Colgate Palmolive (India) Ltd has informed the Exchange vide its letter dated July 01, 2009 that "Both Advanced Oral Care Products Private Limited, Goa (AOC) and Professional Oral Care Products Limited, Goa (POC) are the subsidiaries of the Company. We are pleased to inform you that the Bombay High Court at Goa vide its order dated April 27, 2009 sanctioned the amalgamation of AOC with POC from April 01, 2008. The said amalgamation has become finally effective today, being the date on which the High Court's order has been filed with the Registrar of Companies at Goa. This amalgamation will hel

Adlabs Films Limited has informed the Exchange vide its letter dated June 30, 2009 that : "The Company has today received the certified true copy of Order of Hon'ble High Court of Mumbai approving the Scheme of Arrangement between the Company, Reliance Unicom Limited (RUL) and their respective shareholders and creditors, for demerger of Radio Business of the Company into RUL. The said order has been filed with the Registrar of Companies, Maharashtra - Mumbai on June 30, 2009 which is the effective date of the said Scheme. Pursuant to the said scheme, every shareholder of the Company shall be a

Orbit Corporation Limited has informed the Exchange that the Hon'ble High Court of Bombay judicature vide its order passed on June 26, 2009, has approved the Scheme of Amalgamation of Orbit Shelter Pvt. Ltd. (wholly owned subsidiary company of Orbit Corporation Ltd.) with Orbit Corporation Ltd. The Appointed date for the Scheme of Amalgamation is April 01, 2008 from which date the entire business and undertaking as also all the assets and liabilities of the said subsidiary company stands transferred to and vested with Orbit Corporation Ltd.

Hindalco Industries Ltd. has informed the Exchange that the Scheme of Arrangement of Financial Restructuring under Section 391-394 and Section 100 of the Companies Act, 1956 is approved by the Hon'ble High Court , Bombay. Further, the Board of Directors in their meeting held on June 30, 2009 made the Scheme effective.

United Spirits Limited has informed the Exchange that: "We have been informed by Shaw Wallace & Company Limited that they have sold 10,282,553 equity shares of Rs. 10/- each, held by them in our company in the open market through the Stock Exchanges".

S. Kumars Nationwide Ltd has informed the Exchange that "S. Kumars Nationwide Limited (SKNL) is pleased to announce that they have purchased through their wholly owned subsidiary SKNL North America BV, in conjunction with its operating partner Emerisque UK, the Chicago (USA) headquartered clothing giant Hartmarx Corporation at a gross enterprise value of approximately US $ 120 million. SKNL will directly be investing US $ 35 million into this transaction. This acquisition will add tremendous value to the SKNL group as Hartmarx is the largest formal-wear clothing company in the US and directly

Strides Arcolab Limited has informed the Exchange that: "The Equity Shareholders of the Company at their meeting convened as per the order of the Hon'ble High Court of Judicature at Bombay, held on June 24, 2009 have approved the Scheme of Arrangement between Grandix Pharmaceuticals Limited, Grandix Laboratories Limited, Global Remedies Limited and Quantum Remedies Private Limited ('Transferor Companies') with Strides Arcolab Limited (Transferee Company)".

Dhanashree Properties Private Limited has informed the Exchange that: On June 23, 2009, DPPL (Dhanashree Properties Private Limited) has acquired 16,99,611 equity shares of Rs 10 each of GOL (Great Offshore Limited), constituting 4.58% of the current paid-up share capital of GOL, at a price of Rs. 403.00 per equity share through a block deal. ("Acquisition"). The further details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/great_declara

Cyber Media (India) Limited has informed the Exchange that the Board of Directors of the Company has at its meeting held on June 23, 2009 the Board considered the amalgamation scheme of CyberMedia India Online Limited with the Company. The Board suggested that the Company put up a consolidated scheme of amalgamation with the Company of its following subsidiaries as well :- (1) Cyber Media Digital Limited; (2) Cyber Media Events Limited; (3) Cyber Holdings Limited.

Aarti Industries Ltd. has submitted to the Exchange a copy public notice for hearing of petition (for amalgamation) of Surfactant Specialities Limited and Avinash Drugs Limited published in Newspapers on May 21,2009. A copy of the notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/aartiind_notice_22062009.zip target=NEW> For more details click here.</a>

Graphite India Limited has informed the Exchange that the Scheme of Arrangement for demerger of Powmex Steels Undertaking of GKW Ltd. to the Company has been sanctioned by the Hon. High Court at Calcutta. Certified Copy of the Court Order in this regard was received on June 18, 2009, a copy of which has been filed with the Registrar of Companies on June 19, 2009.

State Bank Of India has informed the Exchange that: "The Central Board of the Bank at its meeting held at Mumbai on 19th June 2009 has approved a proposal for acquisition of State Bank of Indore by State Bank of India, subject to the approval by the Reserve Bank of India and the Government of India".

Electrotherm (India) Ltd. has informed the Exchange that "The shareholders of Electrotherm (India) Limited ("Electrotherm" or "the Company") has at their meeting held as per the direction of the Hon'ble High Court of Gujarat at Ahmedabad at H.T. Parekh Convention Centre, Ahmedabad Management Association, ATIRA Campus, Dr. Vikram Sarabhai Marg, Ahmedabad - 380015, on Tuesday the 16 day of June, 2009, approved the Scheme of Arrangement between the Company and its Shareholders by requisite majority."

Aurobindo Pharma Ltd has informed the Exchange that: "With reference to the earlier announcements dated 31st March, 2009 and 22nd May, 2009 regarding the Scheme of Arrangement between Aurobindo Pharma Limited and its Shareholders, it is now informed that as directed by the Hon'ble High Court of Judicature of Andhra Pradesh at Hyderabad by its Order dated 16th June, 2009, the Company, on 18th June 2009, has published the notice in News Papers about the date of hearing of the petition for the sanction of the Scheme of Arrangement between Aurobindo Pharma Limited and its Shareholders".

Idea Cellular Limited had informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad has directed the Company to convene meetings of shareholders and creditors on July 13, 2009 and July 14, 2009 respectively, to consider and approve the (1)Scheme of Amalgamation of Spice Communication Limited with the Company (2) Scheme of Arrangement for De-merger of Overlapping Licenses in respect of Punjab and Karnataka service areas. The Company has now informed the Exchange that upon further applications made to Hon'ble High Court of Gujarat at Ahmedabad, the Hon'ble Court has allowed to de

Wockhardt Limited has informed the Exchange that the Company has divested its German business Esparma to Mova GmbH, a subsidiary of Lindopharm GmbH, Germany. Wockhardt had acquired the Esparma business in May 2004. Wockhardt continues to be on the growth track and this initiative is the first step towards its on-going strategy to re-structure, rationalise and optimise all of its business and raise fresh capital by divesting some of its smaller operations and non-core businesses. Wockhardt is re-inventing itself by taking fundamentally strong and positive steps.

Mindtree Limited has informed the Exchange that the Honourable High Court of Karnataka on June 03, 2009 has approved the Scheme of Amalgamation of Aztecsoft Limited into Mindtree Limited. Further, the Company has informed the Exchange that Book Closure of Aztecsoft Limited shall be stand changed to the dates as stated below due to the Scheme of Amalgamation becoming effective: The Annual General Meeting of Aztecsoft Limited will be held on June 30, 2009. The Register of Members and Share Transfer Register will now be closed from June 30, 2009 to June 30, 2009 for the purposes of holding AGM an

Autoline Industries Limited has informed the Exchange that the Board of Directors at its meeting held on June 17,2009 has considered and approved merger of the following wholly owned subsidiaries with the Company: a) Nirmiti Autocomponents Private Limited b) Western Pressing Limited

Future Capital Holdings Limited has informed the Exchange with respect to the Composite Scheme of Amalgamation and Arrangement of Future Capital Credit Limited ('FCC' or 'the Transferor Company') and Future Capital Holdings Limited ('FCH' or 'the Demerged Company') and Future Capital Financial Services Limited ('FCFS' or 'the Resulting Company' or 'the Transferee Company') and Their Respective Shareholders and Creditors ('the Scheme' or 'this Scheme') that in accordance with the directions of the Hon'ble High Court of Judicature at Bombay in Company Application No. 585 of 2009, a meeting of th

Lic Housing Finance Ltd had informed the Exchange regarding sale of part of the equity stake in LIC Mutual Fund Asset Management Company Ltd. and LICMF Trustee Company Pvt. Ltd. The Company has now informed the Exchange that "The Chairman of the Company pursuant to power delegated in his favour by the Board of Directors of the Company decided to sell 1730 equity shares of Rs.10,000/- each of LIC Mutual Fund Asset Management Company Ltd. held by the Company out of total holding of 3930 equity shares of Rs.10,000/- each of the said company. Similarly, the Board of Directors has also decided to s

Welspun India Limited has informed the Exchange that with reference to the Hon'ble High Court of Judicature at Gujarat at Ahmedabad (the "Court") Sanctioned the Composite Scheme of Arrangement under Sections 78, 100, 391 to 394 of the Companies Act, 1956 between Welspun India Limited, Welspun Global Brands Limited and Welspun Investments Limited for demerger of Marketing Division and Investment & Treasury Division to Welspun Global Brands Limited and Welspun Investments Limited, respectively and restructure of capital of these Companies (the "Scheme") , pursuant to the Court's order in this re

Lic Housing Finance Ltd has informed the Exchange that "The Chairman of the Company pursuant to power delegated in his favour by the Board of Directors of the Company decided to sell to prospective investor/s 1730 equity shares of Rs.10,000/- each of LIC Mutual Fund Asset Management Company Ltd. held by the Company out of total holding of 3930 equity shares of Rs.10,000/- each of the said company. Similarly, the Board of Directors has also decided to sell 2000 equity shares of Rs.10/- each of LIC Mutual Fund Trustee Company Pvt. Ltd. out of total holding of 3600 equity shares of Rs.10/- each o

Gitanjali Gems Limited has informed the Exchange that Company has sold its investment in Ivida Technologies Private Limited, which was incorporated in the year 2007 to deal in software, technology and telecom business, as a 100% subsidiary of the Company. The gloomy performance of technology sector as well as Company's intention to focus over core area of business is the main reason behind the decision to hiving-off its entire stake of Ivida Technologies Private Limited.

Insecticides (India) Limited has informed the Exchange regarding Amalgamation between M/s Advance Crop Solutions Ltd. (A wholly owned subsidiary company) (Transferor Company) and M/s Insecticides (India) Ltd. (Transferee Company) as follows: "The joint application has been filed before the Delhi High Court dated 28th May, 2009 under Section 391 & 394 of the Companies Act, 1956 and other applicable provisions, if any and in accordance High Court order dated 29th May, 2009, the requirement of convening and holding the meetings of the equity shareholders, secured and unsecured creditors of the tr

Alchemist Ltd has informed the Exchange that : "Pursuant to the Order of the Hon'ble High Court of Punjab and Haryana at Chandigarh, separate meeting of Equity Shareholders, Preference Shareholders, Secured and Unsecured Creditors of the Company will held on Saturday the 18th July, 2009, for the purpose of considering and if thought fit, approving, with or without modification(s) the Scheme of arrangement of Alchemist Limited (Transferor Company/ Applicant Company)with Alchemist Foods Limited( Transferee Company)".

Asian Paints Limited has informed the Exchange about the newspaper advertisements on May 28, 2009, regarding petition under 391 and 394 of the Companies Act, 1956 for a Scheme of Amalgamation of Technical Instruments Manufacturers (I) Limited, Company's wholly owned subsidiary with the Company. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Asian_Amalg_03062009.zip target=NEW> For more details click here.</a>

Escorts Ltd has informed the Exchange that " Further to the No-objection letter obtained from this Stock Exchange vide its letter dated May 11, 2009 Escorts Limited ('the Company') had filed a company application with the Hon'ble High Court of Punjab and Haryana at Chandigarh on May 12, 2009. Subsequently, the Hon'ble High Court of Punjab and Haryana at Chandigarh, by an order made on May 15, 2009 has directed that a meeting of the Equity Shareholders of the Company be convened and held on July 12, 2009 for the purpose of considering, and if thought fit, approving with or without modification(

Adlabs Films Limited has informed the Exchange that: "Ministry of Information and Broadcasting has given its No Objection vide its letter dated May 29, 2009 to the transfer of operation of the FM radio license to Reliance Unicom Limited ("RUL") pursuant to the Scheme of Arrangement for the demerger of radio business of Adlabs Films Limited and its transfer and vesting into Reliance Unicom Limited ("RUL") as sanctioned by the Honourable High Court of Judicature at Bombay by its order dated April 04, 2009".

Nuchem Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on May 29, 2009 has inter-alia ratified an agreement dated 25.3.2009 for divestment of the shares held by the Company in its wholly owned subsidiary company namely Nuchem infrastructure Limited (formerly known as Nuchem Machine Tools Limited) to the extent of 48.96% for a total consideration of Rs.25.48 crore for the purpose of strengthening long term resources of the company. The sale consideration will be paid by the investor in a staggered manner over period extending upto 30.09.2012. The sai

Bal Pharma Limited had informed the Exchange regarding the Board meeting of the Company scheduled on May 28, 2009 . The company has now informed the Exchange that the Board met on May 28, 2009, and among other things, considered and approved the draft Scheme of Amalgamation of Basav Chem Limited (100% subsidiary Company) , with the company in terms of Sections 391 to 394 of the Companies Act, 1956, subject to requisite approvals. The Company proposes to file petition before the Hon'ble High Court of Karnataka for the proposed Amalgamation after 30 days.

Godrej Industries Ltd. has informed the Exchange that "The Board of Directors of the Company at their meeting held on May 27, 2009 have considered and approved the proposal for amalgamation of Godrej Hygiene Care Private Limited ('GHCPL') a 100% subsidiary of the Company with Godrej Consumer Products Limited ('GCPL') a company listed on BSE & NSE. GHCPL holds 20% stake in Godrej Sara Lee Limited, ('GSLL'). GSLL is a 49:51 unlisted joint venture between the Godrej Group and Saralee Corporation USA and is engaged in manufacturing of quality household insecticides, and holds a substantial market

Godrej Consumer Products Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 27, 2009 have considered and approved the proposal for amalgamation of Godrej Hygiene Care Private Limited ('GHCPL') & Godrej ConsumerBiz Private Limited ('GCBPL'), into the Company as per terms and conditions mentioned in the Scheme of Amalgamation placed before the Board. Further, the Company has submitted to the Exchange the salient features of the proposed Scheme and a copy of press release dated May 27, 2009, titled "GCPL Board approves the proposed acquisition

Jaiprakash Associates Limited had informed the Exchange regarding the sanction of the Scheme of Amalgamation of : Jaypee Hotels Limited (JHL) (Transferor Company No.1), Jaypee Cement Limited (JCL) (Transferor Company No.2), Jaiprakash Enterprises Limited (JEL) (Transferor Company No.3) and Gujarat Anjan Cement Limited (GACL) (Transferor Company No.4) with Jaiprakash Associates Limited (Transferee Company) by the Hon'ble High Court of Judicature at Allahabad. The Company has now informed the Exchange that consequent upon the sanction, in terms of Clause 5.01 of the Scheme, the Company shall iss

Reliance Communications Limited has informed the Exchange that the Equity shareholders of the Company at their Meeting convened as per the Order of the Hon'ble High Court of Judicature at Bombay, held on May 26, 2009 have approved the Scheme of Arrangement between the Company and Reliance Infratel Limited under Sections 391 to 394 of the Companies Act, 1956. The votes in favour of the resolution approving the Scheme were 99.9999% of the total votes cast in the meeting.

Shrenuj & Co Ltd has informed the Exchange that : "Pursuant to the amended Regulation 11(2A) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (SEBI Takeover Code), we have to inform you that Shrenuj Investments & Finance Private Limited, a Promoter Group Company has acquired 19,790 Equity Shares of Rs. 2/- each i.e. 0.03% of the existing paid up capital of the Company through open market purchases in normal segment on Stock Exchange(s)".

Ghcl Limited has informed the Exchange that the Board of Directors at its meeting held on May 25, 2009 has considered and approved a Scheme of Arrangement under Section 391 to 394 and any other applicable provisions of the Companies Act, 1956 involving merger of Colwell & Salmon Communications (India) Limited, a wholly owned subsidiary of GHCL Limited into GHCL Limited, re-organization of reserves of GHCL Limited and any other matter consequential therein.

Aegis Logistics Limited has informed the Exchange that "The Hon'ble High Court of Gujarat has by its Order dated May 06, 2009 sanctioned the Scheme of Amalgamation between Tapi Finvest India Private Limited and Aegis Logistics Limited. Pursuant to the Scheme of Amalgamation Tapi Finvest India Private Limited shall merge into Aegis Logistics Limited."

Aia Engineering Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad vide its order dated May 08, 2009 has approved the Scheme of Amalgamation of Reclamation Welding Limited (Reclamation) and Paramount Centrispun Castings Private Limited (Paramount) with Aia Engineering Limited ('the Company'). Further, pursuant to Scheme of Amalgamation sanctioned by Hon'ble High Court of Gujarat, Ahmedabad, the shareholders of erstwhile Reclamation (other than the Company) will be issued 336430 Equity Shares of Rs.2 each of the Company. Further Company states that no shares o

Mirc Electronics Ltd. has informed the Exchange that the Hon'ble High Court of Bombay has sanctioned the scheme of amalgamation of Guviso Holdings Pvt.Ltd(Transferor Company) with Mirc Electronics Limited (Transferee Company) vide order passed on May 02, 2009. A certified copy of scheme of amalgamation as approved by the Hon'ble High court of Bombay is received by the Company today, i.e. May 21, 2009.The said order has also been filed with the registrar of Companies on May 21, 2009.

Grasim Industries Ltd. has informed the Exchange vide its letter dated May 22, 2009, that: "This is with reference to the Sanction Order dated April 29, 2009 passed by the Hon'ble High Court of Madhya Pradesh, Bench Indore. We wish to inform you that the Scheme of Arrangement between Grasim Industries Limited ("Grasim") and Vikram Sponge Iron Limited ("VSIL") and their respective shareholders and creditors under Sections 391-394 of the Companies Act, 1956 (the "Scheme") has been made effective with effect from the date hereof, pursuant to the satisfaction of the conditions precedent in relatio

Nmdc Limited has informed the Exchange that the meetings of the Unsecured Creditors and Equity Shareholders of the Company are held on May 22, 2009 for approving Scheme of Amalgamation of SIIL with NMDC Ltd. as per the order of Ministry of Corporate Affairs (MCA). In the said meetings, the resolutions approving merger of SIIL with NMDC Ltd. are passed by the Unsecured Creditors and Equity Shareholders of the Company.

Bell Ceramics Ltd has informed the Exchange that the Scheme of Arrangement has been approved by the Board of Directors of the Company in their meeting held on May 12, 2009. The Company intends to file a Scheme of Arrangement for the approval of the Shareholders and the High court as detailed hereunder : "Relevant Points of the scheme are as under: (a) Purpose of the reduction in capital: The Company incurred huge losses mostly in the financial year 2007-08. These losses have substantially wiped off the value represented by the reserves and surplus and are the financial statements accordingly

Geojit Financial Services Limited has informed the Exchange, vide its letter dated May 13, 2009 that "The Board of Directors of the Company, at its meeting held today has approved a Scheme of Amalgamation of Geojit Investment Services Limited (formerly Geojit Commodities Limited), a wholly owned subsidiary, with Geojit BNP Paribas Financial Services Limited, subject to regulatory approvals".

Gulf Oil Corporation Limited has informed the Exchange,vide its letter dated May 18, 2009 that "The Board of Directors of our Company at its meeting held today, took note of the Order of the Andhra Pradesh High Court sanctioning the Scheme of Arrangement between the Company and IDL Speciality Chemicals Limited, a 100 % subsidiary of the Company and decided to implement the Scheme of Arrangement and directed the management to comply with other legal requirements."

Jaypee Hotels Ltd has informed the Exchange that vide its letter dated May 15, 2009 "The Hon'ble High Court of Judicature at Allahabad has today sanctioned the Scheme of Amalgamation of Jaypee Hotels Ltd., Jaypee Cement Ltd., Jaiprakash Enterprises Ltd. and Gujarat Anjan Cement Ltd. with Jaiprakash Associates Ltd. The formal Order of the High Court will follow in due course."

Jaiprakash Associates Limited has informed the Exchange vide its letter dated May 15, 2009 that "The Hon'ble High Court of Judicature at Allahabad has today sanctioned the Scheme of Amalgamation of Jaypee Hotels Ltd., Jaypee Cement Ltd., Jaiprakash Enterprises Ltd. and Gujarat Anjan Cement Ltd. with Jaiprakash Associates Ltd. The formal Order of the High Court will follow in due course".