Corporate announcements

Shringar Cinemas Limited has informed the Exchange that the Company has divested its investment in Shree Vijayraj Entertainment & Software Limited as detailed hereunder and received final due amount thereon including principal and interest component as per terms on May 20, 2005: Particulars of Securities Amount - Rs. 1) -20- 18% Optionally Convertible / Redeemable Debentures of Rs.500000/- each. 1,00,00,000 2) -10- 18% Non-Convertible Debentures of Rs.5,00,000/- each

Cranes Software International Limited had informed the Exchange that the board had approved the acquisition of shares of EMRC Engineering Mechanics and Research India Pvt.Ltd.(EMRC),thereby making it into a wholly owned subsidiary of the company and that the actual transaction will be completed on culmination of the due diligence processes and subject to such statutory approvals as may be required. The company has now informed that the necessary processes are complete and the shares of EMRC Engineering Mechanics and Research India Pvt. Ltd., have been acquired by the company.

Deccan Chronicle Hold Ltd has informed the Exchange that the company has acquired 67%, 51,949 Equity shares of Rs. 10/- each of Asian Age Holdings Ltd., from the following shares holders of the Asian Age Holding Ltd in addition the company has already holding 23% of equity shares of Asian Age Holding Ltd. The shares acquired from the members of Asian Age Holdings Ltd is as under: 1)Sri.. M.J.Akbar- 20,050 Equity shares, 26% of the total share holding. 2)United Breweries- 17,729 Equity shares, 23% of the total share holding. 3)Zee Telefilms - 11,570 Equity shares, 15% of the total share hold

The revenue and the brand ownership will be transferred to Deccan Chronicle Holdings Ltd, with the Asian Age Brand expected to contribute (i.e) Rs.75 crores to Rs. 100 crores to the top line by Fiscal 2007. Further the Board of Directors have approved in its meeting held on May 23, 2005 in respect of the acquisition of the said shares of the Asian Age Holdings Ltd.. A copy of the board resolution in respect of the acquisition shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Ssi Ltd. has informed the Exchange that the company has sold 34,00,000 shares of Aptech Limited amounting to 10.15% of the total equity of Aptech Limited to various financial institutions/investors. Consequent to this transaction, SSI Limited's holding in Aptech Limited is now 52,27,798 shares amounting to 15.60% of total equity of Aptech Limited. SSI Limited has also decided to explore the option of placing its remaining stake in Aptech Limited with private equity/strategic/long term investors, given its changing business model and strategic priorities. For this purpose the company has mandat

Welspun India Limited has informed the Exchange that with regards to the Scheme of Amalgamation between Glofame Cotspin Industries Limited and Welspun India Ltd. and their respective creditors and members, the said Scheme has come into effect from May 18, 2005, with the Appointed Date being April 01, 2004. By virtue of the filing of the High Court orders with the Registrar of Companies on May 18, 2005, Glofame Cotspin Industries Limited stood dissolved and merged into Welspun India Limited w.e.f. May 18, 2005. Record Date for the purpose of determining the list of shareholders entitled to rece

Gtn Textiles Ltd has informed the Exchange that the BODs have considered the following business at their meeting held on May 17, 2005: 1)Approved in principle, a proposal for demerger of the business activities of Aluva Unit alongwith Investment of the company in Patspin India Limited to the extent of 39.07% of the equity share capital of that company and the offices as well as its assets situated in Mumbai, Kolkatta and Coimbatore to a new company viz. GTN Industries Ltd. pursuant to a Scheme of Arrangement under section 391 to 394 of the Companies Act, 1956, interalia providing for inter-cha

Bhagyanagar Metals Limited has informed the Exchange that as per the proposal approved by the Board of Directors of the Company at their Board Meeting held on May 02, 2005, the company intends to restructure the companies business in order to give adequate focus to the telecom, metals, investment and infrastructure businesses. The Company intends to continue as Metals & Investment Company & demerge the Company's telecom business to Bhagyanagar Telecom Limited, Infrastructure business to Bhagyanagar Infrastructure Limited. For the said purpose the Company has appointed the following Agencies:

Television Eighteen India Ltd. has informed the Exchange that the following employees of TV18- Mr. R D S Bawa (CFO) and Mr. Anil Srivastava (Company Secretary) have tendered shares purchased by them under the company's Employees Stock Purchase Plan. They shall be applying for a fresh allotment of shares under a new scheme. Details of shares tendered for sale are as follows: 1) Mr. R D S Bawa-143565 shares; 2) Mr. Anil Srivastava-141300 shares.

Rane (Madras) Ltd. has submitted to the Exchange a copy of Circular Letter dated May 02, 2005 sent to Shareholders informing that: 1) the Scheme of Arrangement for de-merger has been sanctioned by Hon'ble High Court of Madras on April 25, 2005. 2) May 18, 2005 has been fixed as 'Record Date' for the purpose of allotment of shares in the resulting company under the said scheme. A copy of the Circular Letter shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Tata Finance Ltd has informed the Exchange that pursuant to the Order of the High Court of Judicature at Mumbai dated March 18, 2005 and pursuant to the provisions of the Companies Act, 1956 to consider the Scheme of Reorganisation and Amalgamation of the Company with Tata Motors Limited, the Company held the Court Convened Meetings of Secured Creditors, Unsecured Creditors and Equity Shareholders on April 26, 2005. The Scheme was unanimously approved by the Secured Creditors, Unsecured Creditors and by an overwhelming majority of the Equity Shareholders. A copy of the proceedings of the afore

Associated Cement Co. Ltd has informed the Exchange that at the Meeting of the Board of Directors held on May 06, 2005, the Board approved in principle, amalgamation of its Subsidiaries, Damodhar Cement & Slag Ltd. (DCSL) and Bargarh Cement Ltd. (BCL) with the Company. Appropriate Scheme for amalgamation will be framed and submitted to shareholders for their approval, subject to compliance of the requisite statutory requirements under the Companies Act, 1956 and Rules thereunder.

Aarti Drugs Ltd. has informed the Exchange that the BOD's of the Company at their meeting held on May 05, 2005 have decided to acquire controlling stake in Suyash Laboratories Limited (Suyash) thereby making it 51% subsidiary of the Company subject to necessary approvals from appropriate authority. The said Company i.e. Suyash is engaged in manufacture, sale and export of Active Pharmaceutical Intermediates (APIs) which belong to therapeutic group of Cardiovascular, Anti Fungal, Anti Inflammatory and Anti Diarrhoeal.

Strides Arcolab Limited has informed the Exchange that the Company has acquired Medgene Pharmaceuticals Private Limited, Hyderabad (Medgene) by taking up 90% equity stake in the Company. Accordingly, Medgene has become a subsidiary of the Company with effect from May 03, 2005. It may be noted that Medgene is engaged in the business of biotech and biopharmaceuticals.

Dcm Ltd has informed the Exchange that the proposal to merge DCM Realty Investment & Consulting Limited (A 100% subsidiary of the company) with DCM Limited has been approved by the BODs of the company in its meeting held on May 02, 2005.

Rane (Madras) Ltd. has informed the Exchange that Hon'ble High Court of Madras has sanctioned the Scheme of Arrangement for demerger of the manufacturing undertaking of the company into the resulting company to be renamed as Rane (Madras) Limited. Upon the scheme coming into effect :- 1) The name of the company would be changed to Rane Holdings Limited (RHL). 2) The entire manufacturing undertaking of the company as on the appointed date, viz. July 01, 2004 would be transferred to the resulting company to be renamed as Rane ( Madras) Limited (RML). 3) The Shareholders of the company, whose n

Hindustan Lever Ltd. has informed the Exchange that Unilever Overseas Holdings BV (UOHBV), the Netherlands based wholly owned subsidiary of Unilever PLC divested 37,00,000 equity shares Rs. 10/- each of Rossell Industries Limited (RIL) In favour of M/s. M.K. Shah Exports Limited, one of the leading exporter and tea plantation company in India, being an Indian unlisted company. Simultaneously Lipton India Exports Limited (LIEL), a 100% subsidiary of Hindustan Lever Limited, also disposed of 61,85,642 equity shares of Rs.10/- each held by it in favour of the said Company. Unilever Overseas Holdi

D-Link (India) Limited has informed the Exchange that the Hon'ble High Court of Bombay at Panaji Goa has issued final order under Section 394 of the Companies Act 1956 for Amalgamation of Virtual Computers Pvt. Ltd. with D-Link (India) Limited on April 29, 2005. As per the scheme of amalgamation there will not be any issue of shares as the erstwhile Virtual Computers Pvt. Ltd. is a wholly owned subsidiary of D-Link (India) Limited.

Hindustan Lever Ltd. has informed the Exchange that at the Board meeting held on April 29,2005, the Directors of the Company, inter alia, approved the proposal for amalgamation of Lipton India Exports Limited, Lever India Exports Limited, Merry Weather Foods Products Limited, Toc Disinfectants Limited and International Fisheries Limited, all subsidiaries of Hindustan Lever Limited, with the Company. Subject to obtaining the requisite approvals, the Board also approved the Scheme incorporating the proposed arrangement for amalgamation of the said companies with effect from January 1, 2005 and f

Eid Parry India Ltd. has informed the Exchange that the BOD's have, at their meeting held on April 28, 2005, approved a Scheme proposing amalgamation of its subsidiary, Santhanalakshmi Investments Private Limited with the Company w.e.f. May 01, 2005, subject to the approval of relevant authorities.

Siemens Ltd has informed the Exchange that the BODs at its meeting held on April 25, 2005 has approved the proposal for the amalgamation of Demag Delaval Industrial Turbomachinery Pvt. Ltd., Mumbai (DDITL) with Siemens Ltd. This transaction is subject to approvals of the shareholders, all requisite authorities and Bombay High Court. The company has further informed that DDITL is a 100% subsidiary company of Siemens Ltd. and is engaged in the business of design, manufacture and marketing of Industrial Turbines.

Apcotex Lattices Ltd has informed the Exchange that the Scheme of Amalgamation of Apcotex Securities Limited, a wholly owned subsidiary, with the Company has been approved by the Hon'ble High Court, Bombay with effect from the appointed date i.e. April 01, 2004. However, the Company are awaiting the order.

Wipro Ltd has informed the Exchange that the BODs of the Company at their Meeting held on April 22, 2005 decided to appoint M/s. BSR & Co., Chartered Accountants as the Statutory Auditors of the Company to conduct audit for the year ending March 31, 2006 subject to the approval of Members at the ensuing AGM to be held on July 21, 2005. The present Statutory Auditors of the Company M/s. N.M.Raiji & Co., Chartered Accountants will continue to act as the statutory Auditors upto the date of ensuing AGM i.e., July 21, 2005. The Company has further informed that the BODs at their meeting held on Apr

Dishman Pharmaceuticals And Chemicals Limited has informed the Exchange that the Company has acquired a Manchester U.K. based Contract Research Company, M/s Synprotec Ltd., through its 100% wholly owned U.K. based subsidiary company M/s Dishman Europe Ltd.. 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/CorporateAnnouncements).

Astra Microwave Products Limited has informed the Exchange that one of Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 25.53% in the total shareholding of the Company, has sold 8641 shares on April 18, 2005 . After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 25.37% from 25.53%.

California Software Company Limited has informed the Exchange that the Company had completed acquiring 100% equity in Webspectrum Software Pvt Ltd., Bangalore. The acquisition agreement was formally signed on April 18,2005 by Calsoft after the completion of all procedural & legal formalities.The company had earlier signed an initial MOU in December 2004 with Webspectrum.

Bpl Limited has informed the Exchange that the Secured Creditors of the Company at their Meeting held on April 16, 2005, as directed by the Hon'ble High Court of Kerala, have approved the Scheme of Arrangement between the Company and its Secured Creditors under Section 391 of the Companies Act, 1956 with the requisite majority.

Astra Microwave Products Limited has informed the Exchange that one of the company's shareholder {i.e. M/s Strategic Ventures Fund (Mauritius) Ltd.} who is holding 25.61% in the total shareholding of the Company, has sold 4365 shares of the Company on April 13, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd. has come down to 25.53% from 25.61%.

Bpl Engineering Ltd has informed the Exchange that the Directors of the Company have consented on April 12, 2005 making an application to the Hon'ble High Court of Karnataka, for approval of a Scheme of Arrangement with the existing secured lenders, pursuant to Section 391 of the Companies Act, 1956.

Larsen & Toubro Limited has informed the Exchange that the company has acquired 50% stake in L&T-Valdel Engineering Pvt. Ltd. for a total consideration of Rs.9 crores. The Scheme of Arrangement filed with the High Court of Karnataka has been duly approved.

Videsh Sanchar Nigam Ltd. had informed the Exchange regarding the placing of a draft scheme of demerger at the Board Meeting of the Company scheduled to be held on April 11, 2005. The company has now informed that the decision in this respect has been deferred by the Board in order to obtain further information and clarifications.

Dcm Financial Services Limited has informed the Exchange that pursuant to the order of the Hon'ble High Court of Delhi at New Delhi, separate meetings of the unsecured creditors and the debenture holders of the Company were held on April 01, 2005 and April 02, 2005 respectively for the purpose of considering and, if thought fit, approving with or without modification, the Scheme of Arrangement for Re-organization of the Share Capital of the Company and for Compromise with its Secured and Unsecured Creditors, and the said Scheme was approved without any modifications by the requisite majority o

Rajasthan Spg. & Wvg. Mills Ltd. has informed the Exchange that the Committee of Board of Directors of the Company have, in their meeting held on April 07, 2005 approved the Scheme of Amalgamation of M/s. Mordi Textiles and Processors Limited with the Company under Section 391 - 394 of the Companies Act, 1956 to be effective after approval of the Hon'ble High Court. The swap ratio was decided at 93 Equity Shares of Rajastan Spinning & Weaving Mills Ltd. in exchange of 1000 equity shares of Mordi Textiles and Processors Limited.

Berger Paints (I) Ltd has informed the Exchange that the Hon'ble High Court of Calcutta has sanctioned the scheme of arrangement for Amalgamation of Berger Auto & Industrial Coatings Limited (the wholly owned subsidiary of the Company) with the company w.e.f. April 01, 2004 vide its Order dated March 03, 2005.

Nagarjuna Fertiliser & Chemicals Ltd. has informed the Exchange that the High Court of Andhra Pradesh has approved the merger of Nagarjuna Palma India Limited (NPIL) with Nagarjuna Fertilisers and Chemicals Ltd..

Mahavir Spinning Mills Ltd has informed the Exchange of the Scheme of Arrangement and Demerger between Vardhman Spinning and General Mills Limited and Mahavir Spinning Mills Limited. The Details of the Scheme is as follows:- 1) The Scheme of Arrangement and Demerger, whereby the Textile business of Vardhman Spinning and General Mills Limited (Transferor Company) vests in Mahavir Spinning Mills Limited (Transferee Company) with effect from April 01, 2004 has been sanctioned by the Hon'ble High Court of Punjab and Haryana at Chandigarh vide its Order dated March 04, 2005 which has been filed wit

5) Shareholders having shares in physical/certificate form shall have the option, to be exercised by way of giving a notice to the Transferor and Transferee companies, of having the fresh shares either in certificate form or in dematerialized form. This option can be exercised on or before April 22, 2005.

Mirc Electronics Ltd. has informed the Exchange that at the meeting of the Board of Directors of the Company held on April 05, 2005, the Board has in principally approved a proposal for amalgamation of Onida Savak Limited (OSL) with the Company. The shareholders of OSL, for every 10 fully paid equity shares of Rs.10/- each held by them in OSL, will receive one fully paid equity shares of Re.1/- each in MIRC. The Appointed Date for the amalgamation is March 31, 2005. The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders of MIRC, the Hon'ble Board for

Vardhman Spinning & General Mills Ltd has informed the Exchange of the Scheme of Arrangement and Demerger between Vardhman Spinning and General Mills Limited and Mahavir Spinning Mills Limited. The Details of the Scheme is as follows:- 1) The Scheme of Arrangement and Demerger, whereby the Textile business of Vardhman Spinning and General Mills Limited (Transferor Company) vests in Mahavir Spinning Mills Limited (Transferee Company) with effect from April 01, 2004 has been sanctioned by the Hon'ble High Court of Punjab and Haryana at Chandigarh vide its Order dated March 04, 2005 which has bee

5) Shareholders having shares in physical/certificate form shall have the option, to be exercised by way of giving a notice to the Transferor and Transferee companies, of having the fresh shares either in certificate form or in dematerialized form. This option can be exercised on or before April 22, 2005.

Lakshmi Vilas Bank Ltd has informed the Exchange that Shri C Krishnakumar one of the promoter of Bank has sold 50 shares as on April 01,2005.

Industrial Development Bank Of India Limited has informed the Exchange that Reserve Bank of India in exercise of the powers contained in sub-Section (4) of Section 44 A of the Banking Regulation Act 1949 has sanctioned the scheme of amalgamation of the IDBI Bank Ltd. with IDBI Ltd. The scheme has come into effect from April 2, 2005.

Kajaria Ceramics Ltd has informed the Exchange that Shri Chetan Kajaria, Person acting in concert have sold 10,000 equity share of the Company through open market. After the sale of these shares, the holding of Shri Chetan Kajaria in the Company is 70,000 shares.

Kajaria Ceramics Ltd has informed the Exchange that Shri Rishi Kajaria, Person acting in concert have sold 10,000 equity shares of the Company through open market. After the sale of these shares, the holding of Shri Rishi Kajaria in the Company is 123000 shares.

Kajaria Ceramics Ltd has informed the Exchange that Mrs Rasika Kajaria, Person acting in concert have sold 10,000 equity share of the Company through open market. After the sale of these shares, the holding of Mrs Rasika Kajaria in the Company is 10,000 shares.

Kajaria Ceramics Ltd has informed the Exchange that Mrs Shikha Kajaria, Person acting in concert have sold 10,000 equity share of the Company through open market. After the sale of these shares, the holding of Mrs Shikha Kajaria in the Company is 10,000 shares.

Idbi Bank Ltd. has informed the Exchange that Reserve Bank of India (RBI) has on April 1, 2005 approved the Scheme of Amalgamation of the Bank with Industrial Development Bank of India Ltd. (IDBI) with effect from April 2, 2005.

Sun Pharmaceuticals Industries Ltd has informed the Exchange that the BODs of the Company at their meeting held on April 04, 2005 interalia decided to acquire pharmaceutical business of M. J. Pharmaceuticals Limited including its manufacturing unit at Halol, Gujarat along with all its assets and liabilities pertaining to pharmaceutical business on going concern basis with effect from commencement of March 31, 2005.

Sundaram Finance Ltd. has informed the Exchange that the Hon'ble High Court of Judicature at Madras has sanctioned the Scheme of Amalgamation of Lakshmi General Finance Ltd.(Transferor Company) with Sundaram Finance Limited (Transferee Company) w.e.f. April 01, 2004. Consequent to the filing of the Court's Order with the Registrar of Companies, Tamil Nadu, Chennai, on April 01, 2005 the amalgamation is effective from this date. The company has further informed that the BODs of the Company, on behalf of M/s. Lakshmi General Finance Ltd. (LGF), have fixed April 18, 2005 as Record Date, for the p

Rajshree Sugars & Chemicals Ltd has informed the Exchange that Ms. Rajshree Pathy, Chairman and Managing Director has purchased 1,50,000 equity shares of the Company on March 31, 2005.