Corporate announcements

Aztecsoft Limited has informed the Exchange that the Board of Directors at their meeting held on September 26, 2008 have approved the Scheme of Amalgamation of Aztecsoft Limited with MindTree Limited. The Board has approved the swap ratio as recommended by PricewaterhouseCoopers Pvt. Ltd and Adithya and Vishwas, Chartered Accountants and the Fair Opinion given by Karvy Investor Services Ltd, Category I Merchant Bankers. The Swap Ratio approved by the Board is: "2 (two) equity share of MindTree Limited of Rs. 10/- each, fully paid-up be allotted for every 11 (eleven) fully paid up equity shares

Mindtree Limited has informed the Exchange that the Board of Directors at their meeting held on September 26, 2008 have approved the Scheme of Amalgamation of Aztecsoft Limited with the company. The Board has approved the swap ratio as recommended by PricewaterhouseCoopers Pvt. Ltd and Adithya and Vishwas, Chartered Accountants and the Fair Opinion given by Karvy Investor Services Ltd, Category I Merchant Bankers. The Swap Ratio approved by the Board is "2 (two) equity share of MindTree Limited of Rs. 10/- each, fully paid-up be allotted for every 11 (eleven) fully paid up equity shares of Rs.

Ibn18 Broadcast Limited has informed the Exchange that the Scheme of Arrangement between ibn 18 Broadcast Limited, Jagran TV Private Limited and BK Fincap Private Limited has been approved by the Hon'ble High Court of Delhi at the hearing held on September 15, 2008 and by the Hon'ble High Court of Allahabad at the hearing held on September 22, 2008. Further the Company has informed that the Hon'ble High Court of Delhi has also approved the reduction in the Securities Premium Account of the Company as envisaged in the Scheme of Arrangement by an order passed on September 15, 2008.

Autoline Industries Limited has informed the Exchange that "1. This is to inform you that our wholly owned subsidiary, Koderat Investments Limited, a Company incorporated and existing under the laws of Cyprus ("Koderat"), has acquired (49.0%) equity share capital of "SZ Design S.r.l.", an Italian limited liability company having its registered office at Terrazzano di Rho, Milan and "Zagato S.r.I", being an Italian limited liability Company having its registered office at via Borogona, 5, Milan. ("the Companies/Zagato"). Zagato is a Milano-based Italian automotive design company responsible for

Arrow Webtex Limited has informed the Exchange that High Court (Judicature at Bombay) has sanctioned the Scheme of Arrangement between Arrow Webtex Ltd and Arrow Textiles Ltd - Demerger vide its order dated August 22, 2008 under Section 391 and 394 of the Companies Act, 1956. Arrow Webtex Limited have filed Form No 21 along with certified copy of High Court order on September 16, 2008 and such scheme of Arrangement become effective from September 16, 2008.

Sms Pharmaceuticals Limited has informed the Exchange that: "The Board of Industrial & Financial Reconstruction of India (BIFR) has approved the Modified rehabilitation Scheme vide its order dated 17.09.2008 for the merger of M/s. Plant organics Limited (POL) with M/s SMS Pharmaceuticals Limited with effect from 01.01.2008. The Scheme envisages the company to offset the un-absorbed business losses of the M/s Plant Organics Limited beyond the period of 8 years under the Income-tax Act, 1961 and issuance of shares to the share holders of POL in the exchange ratio of 1 : 50 on the Reduced capital

Cadila Healthcare Limited has informed the Exchange that the meeting of the Equity Shareholders and Unsecured Creditors of Cadila Healthcare Limited as directed by the Hon'ble High Court of Gujarat at Ahmedabad was convened and held on September 18, 2008. Mr. Mukesh M. Patel, Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Gujarat High Court dated August 13, 2008. The Composite Scheme was approved by the requisite majority of the Equity Shareholders and by unanimous consent of Unsecured Creditors present and voting either in person or by prox

Bajaj Hindusthan Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on September 22, 2008 has interalia approved the accounts for Income-tax year ended March 31, 2008 for limited purpose of complying with the provisions of the Income Tax Act, 1961. The Board of Directors also took note of the Scheme of Arrangement approved by the Board of Directors of its subsidiary - Bajaj Hindusthan Sugar & Industries Limited on September 20, 2008 and accorded necessary approvals in this regard.

Consolidated Finvest & Holdings Limited has informed the Exchange that the Company had filed final petition under Section 391 and section 394 of the Companies Act, 1956 for the proposed Scheme of De-merger and Amalgamation between Consolidated Finvest & Holdings Limited, Jindal India Finvest & Holdings Limited and Jindal India Powertech Limited and their respective shareholders, with Hon'ble High Court at Allahabad for approval of the said scheme.

Astral Poly Technik Limited has informed the Exchange that " The company has acquired the shares of Astral Biochem Private Limited, whereby the company has become the Holding company of Astral Biochem Private Limited".

Sintex Industries Ltd. has informed the Exchange that "The meeting of the Equity Shareholders of Sintex as directed by the Hon'ble High court of Gujarat at Ahmedabad was convened on September 15, 2008. Mr. Dinesh B. Patel, Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Gujarat High Court dated July 29, 2008. The Scheme of Arrangement (`Scheme`) was approved unanimously by all the Equity Shareholders present either in person or by proxy or as authorized representatives. The said scheme shall now be presented for approval and consideration of

Nagarjuna Construction Co. Ltd has informed the Exchange that M/s. AVSR Holdings Private Limited an Investment Company belonging to the Promoters Group has acquired during the period September 15, 2008 to September 18 2008. 6,00,101 Equity Shares of Rs.2/- each of the Company in the aggregate (Equivalent to 0.26% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of the Promoters group in the Company has gone up to 23.07% of the total equity of the Company.

Opto Circuits (India) Limited has informed the Exchange that the Company has signed a non binding letter of Intent (LOI) for the proposed purchase of 100% of the capital stock of a privately held medical devices company in Europe manufacturing Medical Equipments. The acquisition is estimated over USD 100.00 million.

Mirc Electronics Ltd. has informed the Exchange that Board of Directors of the Company in its meeting held on September 18, 2008, considered the recommendation of Committee of Directors and thereafter approved the Scheme of amalgamation of Guviso Holdings Pvt. Ltd. with Mirc Electronics Ltd.

Autoline Industries Limited has informed the Exchange that "Pursuant to authorisation given by the Board of Directors at its meeting held on September 13, 2008 to the Management Committee, the Management Comittee of Board of Directors at its meeting held on September 17, 2008 has approved: 1. Acquisition of 100% stake in Koderat Investments Limited (making it Wholly Owned Subsidiary of the Company), a Company incorporated and existing under the laws of Cyprus; acting as a Special Purpose Vehicle (SPV) for the purpose of further investment into an Italian S.r.l which will be in automotive desig

Nmdc Limited has informed the Exchange that: "The Board of Directors of the Company has approved the draft Merger scheme of Sponge Iron India Limited, Hyderabad (SIIL) with NMDC Limited, Hyderabad through acquisition of shares of SIIL by NMDC. We also inform that the Board of Directors of Sponge Iron India Limited has yet to be consider the draft merger scheme".

Nagarjuna Construction Co. Ltd has informed the Exchange that M/s. AVSR Holdings Private Limited an Investment Company belonging to the Promoters Group has acquired on September 11th & 12th 2008, 353675 Equity shares of Rs.2/- each of the Company in the aggregate (Equivalent to 0.15% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of the Promoters group in the Company has gone up to 22.81% of the total equity of the Company.

Crompton Greaves Ltd has informed the Exchange that "The Company has just concluded an arrangement for the acquisition of MSE Power Systems Inc and its group companies - MSE Engineering LLC & MSE West LLC (MSE Group). MSE Group is based in USA and is engaged in Engineering, Procurement and Construction (EPC) of High Voltage Electric Power Systems. Its capabilities include conceptual engineering, system studies and also complete EPC engineering, spanning Relay/Control, SCADA and Substation Automation. The approximate Enterprise Value of this acquisition is US Dollars 16 million. This acquisit

The Motor & General Finance Ltd has informed the Exchange that: "Hon'ble High Court of Delhi while considering the proposed scheme of amalgamation of NAP Sales Pvt Ltd and Janata Cinemas Properties & Finance Limited with The Motor & General Finance Limited under Section 391 to 394 of the Companies Act, 1956 has advised the company to convene a meeting of the equity shareholders on Saturday, the 18th October, 2008 for approval of the proposed scheme of amalgamation".

Nagarjuna Construction Co. Ltd has informed the Exchange that M/s. A V S R Holdings Private Limited an Investment Company belonging to the Promoters has acquired in the recent past 3,40,000 Equity Shares of Rs.2/- each of the Company (Equivalent to 0.148% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of M/s. A V S R Holdings Private Limited in the Company has gone up to 6.28% of the total equity of the Company.

Gammon India Ltd. has informed the Exchange that "Gammon India Limited, through its offshore step down subsidiary, has acquired 50% shares of Sofinter S.p.A., having its registered office at Corso Italia 6, Milan, Italy, which is the holding Company of Ansaldo Caldaie S.p.A, Italy, and engaged in the manufacture of super critical boilers".

Consolidated Finvest & Holdings Limited has informed the Exchange with reference to Composite Scheme of Arrangement between Consolidated Finvest & Holdings Limited and Jindal India finvest & Holdings Limited and Jindal India Powertech Limited and their respective shareholders. The Company had informed the Exchange that they had filed application under Section 391 and Section 394 of the Companies Act, 1956 with Allahabad High Court for issuing the directions for holding the meeting of shareholders for approval of the said scheme. Hon'ble High Court vide its order dated July 01, 2008 fixed up Se

Infotech Enterprises Ltd has informed the Exchange that the Company's wholly owned subsidiary in the US, Infotech Enterprises America Inc. is acquiring 100% stake in Time to Market Inc., a California based Corporation engaged in the business of ASIC Design services. In a related move, the Company will also be acquiring 100% stake in TTM India Pvt. Ltd.

Cambridge Technology Enterprises Limited has informed the Exchange that: "The Board of Directors in their meeting held on 5th September, 2008 approved the acquisition of Protege Software Services Inc., USA. The said company is a provider of Professional Services and Solutions for Oracle Application products and Technologies. The said acquisition is subject to the approval of shareholders and regulatory clearances from regulatory bodies as applicable".

Essel Propack Ltd. has informed the Exchange that the Company, through its step down subsidiary viz., Tacpro Inc., USA, has acquired 74% equity holding of Medical Engineering and Design Inc., a Company based in Minneapolis, USA and a supplier of specialized disposable Medical Devices. Further, the Company has informed the Exchange regarding a press release dated September 05, 2008, titled "Essel Propack acquires Medical Engineering & Design, Inc. in USA". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on

Supreme Petrochem Ltd had informed the Exchange that August 05, 2008 has been fixed as the record date for allotment of equity shares of Supreme Petrochem Ltd (Transferee Company) to the equity shareholders of SPL Polymers Limited (Transferor Company) whose names appear in the register of members of SPL Polymers Limited on the record date. Further the Company has submitted to the Exchange the copy of the note on scheme of Amalgamation. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Commo

Suzlon Energy Limited has informed the Exchange that: "Suzlon has signed an Agreement with Martifer SGPS SA (Martifer) whereby it has been agreed for exercise of an option for an early acquisition of Martifer's total stake of approximately 22.48% in REpower Systems AG, Germany ('REpower') for a total consideration of EURO 270 million. This Agreement shall be concluded by 15th December 2008. This acquisition shall consolidate Suzlon's total holding in REpower to approximately 90%."

Apollo Sindhoori Capital Investments Limited has informed the Exchange that they have been intimated by Mr. Prathap C Reddy, Ms. Preetha Reddy, Ms. Shobana Kamineni, Ms. Sangita Reddy, Ms. Suneeta Reddy and PCR Investments Limited (collectively, the "Promoters") and Aditya Birla Nuvo Limited ("ABNL"), that they have entered into a definitive share purchase agreement on August 28, 2008 to acquire 56% of the Equity Share Capital of the Company. The Promoters hold an aggregate of 66.32% of the Equity Share Capital of the Company and accordingly, post the sale to ABNL, would continue to hold 10% o

California Software Company Limited has informed the Exchange that at the Board Meeting held on August 29, 2008, the Board of Directors of the Company have approved the following: (1) Permission to Company's subsidiary to disinvest their entire holdings (66.67%) in Codex Co. Ltd, Japan; (2) Divestment of Company's holdings (51.28%) in Team Frontline Ltd, Cochin; (3) Shifting of Registered office from 1205, D-Block, 12th Floor, Tidel Park, Chennai - 600 113 to "Robert V Chandran tower", Seventh Floor, # 149, Tambaram Velachery Main road, Pallikaranai, Chennai - 600 100.

Orient Paper & Industries Ltd has informed the Exchange that the Board of Directors of the Company have at their meeting held on August 29, 2008 approved a Scheme of Arrangement for Reconstruction of GMMCO Limited (GMMCO) and the Company whereby and whereunder the Chemical Division of GMMCO with all assets and liabilities relating thereto will be transferred to the Company with effect from the Appointed Date, i.e. October 01, 2008. The rest of the business and undertaking of GMMCO Limited will continue to remain with GMMCO Limited. The details of the same shall be available on the NSE website

Aditya Birla Nuvo Limited had informed the Exchange that: "The Board of Directors of the Company has, at its meeting held on August 28,2008, approved the acquisition of 3,10,24,000 equity shares representing 56% of the equity share capital of Apollo Sindhoori Capital Limited ("ASCIL") for an aggregate consideration of Rs. 198.81 Crores. The purchase of the equity shares will be concluded upon completion of the open offer which is required to be made by ABNL to the shareholders of ASCIL in terms of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997. The Company has now

Aditya Birla Nuvo Limited has informed the Exchange that: "The Board of Directors of the Company has, at its meeting held on August 28,2008, approved the acquisition of 3,10,24,000 equity shares representing 56% of the equity share capital of Apollo Sindhoori Capital Limited ("ASCIL") for an aggregate consideration of Rs. 198.81 Crores. The purchase of the equity shares will be concluded upon completion of the open offer which is required to be made by ABNL to the shareholders of ASCIL in terms of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997."

Marksans Pharma Limited has informed the Exchange that "Marksans Pharma Limited's subsidiary, Marksans Pharma (UK) Limited, has entered into a definitive agreement to acquire 100% of the share capital of RelonCehm 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/Marksans_Acquisition_28082008.zip target=NEW> For more details click here.</a>

Sundram Fasteners Ltd has informed the Exchange that: "(1) Sundram Fasteners Limited (SFL) has acquired 52.94% equity share capital of Sundram Non-conventional Energy Systems Limited (SNES), a subsidiary from Sundram Fastners Investments Limited (SFIL) and Upasana Engineering Limited (UEL), wholly-owned subsidiaries of the Company.(2) Consequent to the acquit ion of the equity shares, SNES has become a direct subsidiary of the Company with effect from August 27, 2008.(3) SNES is in the business of Generation of Power through Windmills in the State of Tamil Nadu."

Nmdc Limited has informed the Exchange that the Government of India has conveyed its approval for "Appointed Date as 30.06.2008" for the purpose of Merger of Sponge Iron India Limited, Hyderabad (SIIL) with NMDC Limited, Hyderabad through acquisition of shares of SIIL by NMDC.

Cadila Healthcare Limited has informed the Exchange that further to the No-objection letter obtained from the stock exchanges, Cadila Healthcare Limited ('the Company') had filed a company application with the Hon'ble High Court of Gujarat on August 11,2008 for Composite Scheme of Arrangement between Carnation Nutra - Analogue Foods Limited and Cadila Healthcare Limited and Zydus Hospitals and Medical Research Private Limited and their respective equity shareholders and creditors.Subsequently, the Hon'ble High Court of Gujarat, by an order made on August 13, 2008 has directed that a meeting of

Solar Explosives Limited has informed the Exchange that the Hon'ble High court of Judicature at Bombay, Nagpur Bench Nagpur has vide its Order dated July 18, 2008 sanctioned the Scheme of Amalgamation of Solar Capitals Limited (SCL) and Solar Industries Limited (SIL) (the Transferor Companies) with the Company. Certified Copies of the Orders, which were received by SCL and SIL from the High court of Judicature at Bombay, Nagpur Bench, Nagpur have been filed with the Registrar of Companies (ROC), Maharashtra Mumbai on August 14, 2008. Accordingly, the Scheme has now become effective. The detail

State Bank Of India has informed the Exchange that "By an order dated 13.08.2008 Ministry of Finance: Department of Financial Services, Govt. of India has passed an order for acquiring of State Bank of Saurashtra by State Bank of India. This will come into effect on the effective date as may be notified by the Govt. of India in the official Gazette".

Mahindra & Mahindra Ltd. has informed the Exchange that: "The Order of the Honourable High Court of Judicature at Bombay sanctioning the Scheme of Amalgamation of Mahindra Holdings & Finance Limited (MHFL) with Mahindra & Mahindra Limited ("the Scheme") from 1st February, 2008 ("Appointed Date") has been filed electronically with the Ministry of Corporate Affairs on 11th August, 2008. With this, the Scheme has become effective from 11th August, 2008 i.e. ("the Effective Date") and accordingly MHFL has been amalgamated with the Company and stands dissolved without being wound up. Further to the

Burnpur Cement Limited has informed the Exchange that the company has become the holding company of M/s. Burnpur Natural Resources Private Limited by acquiring 6000 shares (i.e. 60% of holding) of Burnpur Natural Resources Private Limited, the decision in respect whereof have been taken by the Board of Directors of the company, vide its meeting held on August 08, 2008. Further, M/s. Burnpur Natural Resources Private Limited will be inter alia engaged in mining activities.

Empee Distilleries Limited has informed the Exchange that the Company has acquired 75% of the Paidup Share Capital of M/s EDL Properities Private Limited and hence EDL Properties Pvt. Ltd has become a subsidiary of the Company w.e.f. August 05, 2008.

Kirloskar Brothers Limited had informed the Exchange about taking over the management of The Kolhapur Steel Limited(TKSL). The Company has now informed the Exchange that in accordance with the orders passed by the Honourable Board for Industrial and Financial Reconstruction (BIFR) on May 14, 2008: (1) The Unsecured loan of the existing promoters was converted by allotment of equity shares of TKSL. (2) Further, funds infused by Kirloskar Brothers Limited for revival of TKSL, have been appropriated by allotment of equity shares of TKSL to Kirloskar Brothers Limited (KBL)- the new promoter. (3) K

Gati Limited has informed the Exchange that the Board of Directors at their meeting held on August 01, 2008, has approved the acquistion of balance 26.28% Equity Capital of Kausar India Ltd.

Sintex Industries Ltd. has informed the Exchange that "Sintex Industries Ltd. ('the Company') had filed a company application with the Hon'ble High Court of Gujarat on July 28, 2008. Subsequently, the Hon'ble High Court of Gujarat, by an order made on July 29, 2008 has directed that a meeting of the Equity Shareholders of the Company be convened and held on September 15, 2008 for the purpose of considering, and if thought fit, approving with or without modification(s), the Scheme of Arrangement between Sintex Industries Limited and its equity shareholders.

Amtek India Limited has informed the Exchange that the Board of Directors of the Company in its meeting today (i.e. July 31, 2008) have approved the merger of Amtek India Limited into Amtek Auto Limited. The Company is being merged along with Ahmednagar Forgings Limited, Amtek Ring Gears Limited, Amtek Crankshafts India Limited and Amtek Castings India Limited into Amtek Auto 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/corpo

Ahmednagar Forgings Ltd has informed the Exchange that the Board of Directors of the Company in its meeting today (i.e. July 31, 2008) have approved the merger of Ahmednagar Forging Limited into Amtek Auto Limited. The Company is being merged along with Amtek India Limited, Amtek Ring Gears Limited, Amtek Crankshafts India Limited and Amtek Castings India Limited into Amtek Auto 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/co

Amtek Auto Ltd has informed the Exchange that the Board of Directors of the Company in its meeting today (i.e. July 31, 2008) have approved the merger of Amtek India Limited, Ahmednagar Forgings Limited, Amtek Ring Gears Limited, Amtek Crankshafts India Limited, Amtek Castings India Limited with Amtek Auto 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/AAL-MERGER-NSE.zip target=NEW> For more details click here.</a>

Gammon India Ltd. has informed the Exchange that at the Board Meeting of Gammon India Limited ("the Company") held on July 31, 2008 inter-alia the following business was considered : 1) Board has approved the merger of Associated Transrail Structures Limited (ATSL) with the Company subject to necessary approvals from statutory authorities. Collins Stewart Inga Private Limited is the advisor to the transaction. The fair share exchange ratio was recommended by Deloitte Touche Tohmatsu India Pvt. Limited and SSPA &Co. (Chartered Accountants). The salient features of the Scheme are as follows : a)

Gammon India Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on July 31, 2008 has approved merger of Associated Transrail Structures Ltd. with the Company w.e.f. April 01, 2008 subject to necessary statutory approval.

Financial Technologies (India) Limited has informed the Exchange that the Company has acquired Apian Finance & Investment Ltd, a RBI Registered 'NBFC' at a cost of Rs.1.50 Crores.