Corporate announcements

Bsl Ltd has informed the Exchange that PAC's of the promoters have purchased 1,12,770 Equity shares of the company aggregating 1.53% of the paid up capital of the company during January '2005 to March '2005 as under: 1) Sukant Management Pvt. Ltd. - 54,000 shares purchased; 2) Ramakant Sales & Services Pvt. Ltd. - 49,201 shares purchased; 3) Shree Wardhaman Stock Holdings Pvt. Ltd. - 9,569 shares purchased.

Rajasthan Spg. & Wvg. Mills Ltd. has informed the Exchange that with regards to the amalgamation of M/s. Mordi Textiles and Processors Limited with the company, the BODs at their meeting held on March 28, 2005, while approving the amalgamation, authorized a Committee of the Board to decide upon the receipt of the valuation report, the proposed share exchange ratios and to approve the scheme of amalgamation. In this connection, a meeting of the said Committee of the Board shall be held on April 07, 2005, to consider and approve the valuation report, scheme of amalgamation and to decide the sha

Ucal Fuel Systems Ltd has informed the Exchange that AMTEC Precision Products,Inc.,(AMTEC) is an existing company incorporated in lllinois,USA in 1954.AMTEC is a company engaged mainly in the manufacture of auto ancillary products for supply to US auto majors.It has two manufacturing plants in Elgin,IL, a suburb of Chicago.It also has a wholly owned subsidiary with one manufacturing facility in Rockford,IL. At the meeting held on March 31, 2005, the Board of Ucal Fuel Systems Ltd. has decided to acquire upto 100% of the Equity/Preference Capital of AMTEC for a consideration not exceeding US $

Suryalakshmi Cotton Mills Ltd. has informed the Exchange that the scheme of arrangement of demerger in the Mahabubnagar Yarn Division of the Company into Rajvir Industries Limited has been approved by the Hon'ble High Court of Andhra Pradesh. The Company has filed certified copy of the Court Order with the Registrar of Companies, Andhra Pradesh. In terms of the sanctioned Scheme of Arrangement, the equity shareholders of the Company on the record date will be issued: (a) One equity share of face value of Rs.10/- each in Rajvir Industries Limited for every three equity shares of Rs.10/- each he

Rane (Madras) Ltd. has informed the Exchange that :1)At the General meeting convened as per the directions of the Hon'ble High Court of Madras, on March 28, 2005, the shareholders have under Section 391 & 394 of the Companies Act, 1956, approved the scheme of arrangement for demerger of manufacturing undertaking of the company into Rane (Madras) Manufacturing Limited, with requisite modifications to record the subsequent events occurred in the resulting company, after filing the scheme with the court, viz. a) change of name from Rane Holdings Limited to Rane (Madras) Manufacturing Limited; and

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Eupec-Welspun PipeCoatings (India) Ltd. (an Un-listed Transferor Company) and the Company both have filed with the Registrar of Companies, Gujarat the Order of the Hon'ble High Court of Gujarat sanctioning the Scheme of Arrangement and hence the Scheme has come into effect from March 28, 2005.

Gtc Industries Ltd has informed the Exchange that the Hon'ble High Court, Mumbai has passed the order dated March 11,2005,sanctioning the scheme of amalgamation of the company's four subsidiary viz., Panama Investment & Finance Ltd., Rajnigandha Investment & Finance Ltd., Olive Investment & Finance Ltd. and GTC Investment & Finance Ltd., with one of the company's other subsidiary company viz., M/s. Western Express Industries Ltd.(Formerly M/s. GTC Global Ltd.).

Kec International Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on March 22, 2005, has considered and approved the Scheme of Arrangement of the Company with Bespoke Finvest Limited, KEC Infrastructures Limited, KEC Holdings Limited and with their Respective Shareholders. The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders, lenders, creditors of the Company, Bespoke Finvest Limited, KEC Infrastructures Limited and KEC Holdings Limited, the Bombay High Court and the permission or approval of the Centr

Kajaria Ceramics Ltd has informed the Exchange that the company has been informed by Mrs Versha Devi Kajaria, Person acting in concert vide her letter dated March 22, 2005 that she has sold 20,000 equity share of the Company through open market. After the sale of these shares, the holding of Mrs Versha Devi Kajaria in the Company is 1,37,000 shares.

Kajaria Ceramics Ltd has informed the Exchange that the company has been informed by M/s Kajaria Exports Ltd, the Promoter Company vide their letter dated March 21,2005 that they have sold 2,00,000 equity share of the Company through open market. After the sale of these shares, the holding of Kajaria Exports Ltd in the Company is 27,98,509 shares.

Rana Sugars Ltd has informed the Exchange about the sale of promoters' shares of Rana Sugars Limited as per detail given herewith:-1. Rana Ranjit Singh, Managing Director has sold 748 shares on March 14, 2005. The shareholding of Rana Ranjit Singh after the said sale is 13,59,560 shares aggregating to 3.90% of the share capital of Rana Sugars Limited.

Tata Coffee Limited has informed the Exchange that the Secured Creditors, Unsecured Creditors and Equity Shareholders of the Company have approved the Scheme of Amalgamation of Highhill Coffee India Pvt. Ltd., with the Company at their respective meetings held on March 28, 2005 pursuant to Orders of the Hon'ble High Court of Karnataka.

Carborundum Universal Ltd has informed the Exchange that M/s Webword Holdings & Management Private Limited ('Webword'), Laserwords Private Ltd. and Apex Abstracting & Editing Services Ltd. ('Apex') are subsidiaries of Carborundum Universal Ltd ('CUMI'). Webword is primarily a holding Company with investments in Laserwords and Apex. CUMI holds 68.5% of the paid up share capital of Webword. Webword holds 65% of the paid up share capital of Laserwords and 100% of the paid up capital of Apex. The High Court of Madras has approved a scheme of amalgamation of Webword with Laserwords. The scheme of a

Itc Ltd. has informed the Exchange that the Scheme of Amalgamation of ITC Hotels Limited (ITCHL) and Ansal Hotels Limited (AHL) with ITC Limited (ITC) became effective from March 23,2005 (Effective Date). The Orders of the Hon'ble High Court of Delhi and the Hon'ble High Court at Calcutta sanctioning the said Scheme of Amalgamation were filed with the respective Registrar of Companies on the said date. The Company has further informed that April 18,2005 has been fixed as the Record Date for determining the members of ITCHL (a listed company) and AHL (an unlisted company) who would be entitled

Greaves Cotton Limited has informed the Exchange that the BOD's of the Company, at the meeting held on March 22, 2005, have decided, subject to the approval of the shareholders and other requisite approvals, to divest its Oilfield & Drilling Business for a consideration of Rs.16.50 crores, subject to necessary due diligence. The Company will be seeking consents of the Shareholders to the above proposal, by way of Postal Ballots.

Kec International Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on March 22,2005 has considered and approved the Scheme of Arrangement of the Company with Bespoke Finvest Limited, KEC Infrastructures Limited, KEC Holdings Limited and their Respective Shareholders. The Scheme of Arrangement includes the following: a) Sale of the Power Transmission Business of the Company to KEC Infrastructures Limited in consideration of 3,76,35,854 equity shares of Rs. 10 each and 12,99,966 Preference Shares of Rs. 100 each of KEC Infrastructure Limited; b) Pursu

Color Chips Limited has informed the Exchange that Mr. R S Sudhish has intimated to the compnay that he has sold 3,79,000 shares of the company on March 16 and 17, 2005 in order to raise funds for subscribing to the forthcoming rights issue and to repay the loans borrowed by him for making the payment of the monies to the company for subscription and conversion of the warrants alloted to him earlier.

Rajasthan Spg. & Wvg. Mills Ltd. has informed the Exchange that the Committee of Directors of the Company have, in their meeting held on March 21,2005 approved the Scheme of Amalgamation of M/s. Jaipur Polyspin Ltd. with the Company under Section 391 - 394 of the Companies Act, 1956 to be effective with the approval of the Hon'ble High Court. The swap ratio was decided at 29 Equity Shares of Rajasthan Spinning and Weaving Mills Ltd. in exchange of 100 Equity Shares of Jaipur Polyspin Ltd.

Rico Auto Industries Ltd has informed the Exchange that the Members and Secured/Unsecured Creditors of the Company at the Court convened Meetings of the Company held on March 05,2005 have approved the Scheme of Arrangement and Amalgamation between M/s. Rico Auto Industries Limited (Transferee Company) and M/s. Rico Softech Limited (Transferor Company).The company has further informed that the scheme does not involve any allotment of shares.

Tasc Pharmaceuticals Limited has informed the Exchange that the BODs of the company, at its meeting held on March 18,2005 has approved the proposed scheme of amalgamation of M/s Glenmark Laboratories Limited with the Company, including the proposed exchange ratio of 1.8:1 i.e. 9 shares of TPL for every 5 shares of GLL, subject to requisite approval / sanction of the High Court at Mumbai, financial institutions, banks and such other approvals / sanctions as may be required in this connection.

Welspun Gujarat Stahl Rohren Limited has informed the Exchange that Hon'ble High Court of Gujarat at Ahmedabad has sanctioned on March 15,2005 the Scheme of Arrangement between Eupec-Welspun PipeCoatings (India) Ltd. and Welspun Guajarat Stahl Rohren Ltd. and their respective creditors and members comprising of the following: 1) Merger of Eupec-Welspun PipeCoatings (India) Ltd. (Un-listed company) with Welspun Guajarat Stahl Rohren Ltd. (Listed company) and consequential issue of 2 equity shares of Rs. 10/- each fully paid-up in Welspun Gujarat Stahl Rohren Ltd. for every 3 equity shares of Rs

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 26.27% in the total shareholding of the Company, has besides the sale of 3203 shares of the Company on March 11, 2005, also sold further 6797 shares of the Company on the same date. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd. has come down to 26.08% from 26.27%.

Rajesh Exports Ltd. has informed the Exchange that the Company's registrars have informed them that the FII - Lloyd George Investment Management (Bermuda) Limited has acquired 11,686 shares of the company from the open market last week, this makes the total holding of Lloyd George in the Company to 1.95% (total of 136,686 shares). The FII holding in the company has gone upto 8.24%. In the last few weeks, FII's have purchased a total of 576,685 shares.

Williamson Tea Assam Limited has informed the Exchange that the BOD's of the Company at its meeting held on March 15, 2005, has approved, subject to the approval of the shareholders of both Companies and all other statutory approvals, a Scheme of Amalgamation of the Wholly Owned Subsidiary of the Company viz. Nilpur Tea Company Private Limited with the Company w.e.f. April 01, 2005.

Punjab National Bank has informed the Exchange that Hon'ble High Court of Delhi has passed an order on February 28,2005 approving the scheme of amalgamation of PNB Asset Management Company Limited with Punjab National Bank.

Rana Sugars Ltd has informed the Exchange about the sale of promoters shares of Rana Sugars Limited as per detail given herewith:-1)Rana Gurjeet Singh, Shareholder Promoter has sold 83,474 shares aggregating to 0.24% of the total share capital of the company on March 9, 2005; 9,70,000 shares aggregating to 2.78% of the total share capital of the company on March 10, 2005 and 1,96,526 shares aggregating to 0.57% of the total share capital of the company on March 11, 2005. The shareholding of Rana Gurjeet Singh after the said sale is 13,99,140 shares aggregating to 4.01% of the total share capit

Rajasthan Spg. & Wvg. Mills Ltd. has informed the Exchange that with regards to the amalgamation of M/s. Jaipur Polyspin Ltd. with the Company, the BODs at their meeting held on March 09, 2005, while approving the amalgamation in-principle, authorized a Committee of the Board to decide upon the receipt of the valuation report, the proposed exchange ratios and to approve the scheme of amalgamation. In this connection, a meeting of the said Committee of the Board shall be held on March 21, 2005, to consider and approve the valuation report, scheme of amalgamation and to decide the fair exchange

Rana Sugars Ltd has informed the Exchange about the sale of promoters shares of Rana Sugars Limited as per detail given herewith:-1. Rana Ranjit Singh, Managing Director has sold 4,80,000 & 6,75,000 shares aggregating to 1.38% and 1.93% of the total share capital of the company on March 7, 2005 & March 8, 2005 respectively. The shareholding of Rana Ranjit Singh after the said sale is 14,54,560 shares aggregating to 4.17% of the share capital of Rana Sugars Limited.

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 26.27% in the total shareholding of the Company, has sold 3203 shares of the Company on March 11, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd. has come down to 26.08% from 26.27%.

5) The Company has also sold 1,510 (19.9% approx.) shares in the Common Stock of TekSoft ("Management Shares") to four individual who are a part of core management of TekSoft's for the same price per share as paid by the Company (inclusive of the non cash consideration) to acquire TekSoft Shares plus a proportionate share of direct expenses. Further, during the financial years ending as on March 31,2008, March 31,2009 and March 31,2010 respectively, the Company is committed to buy-back the Management Shares from such individuals at a consideration that is based on the performance of TekSoft. T

Corporation Bank has informed the Exchange that in the matter of proposed merger of Chikmagalur Kodagu Grameena Bank (CHIKO BANK), a Regional Rural Bank sponsored by the bank, the BoDs of the Bank at their meeting held on March 12, 2005 have reconsidered the said proposal and have revoked their earlier decision of merging the Regional Rural Bank with the Bank. Accordingly, the Bank shall not be proceeding further in this matter.

1) Geometric Software Solutions Limited had informed the Exchange of having signed an agreement with OnCourse Technologies Inc. ("OnCourse") for acquisition of TekSoft, Inc. ("TekSoft") and Cimtronics, Inc. ("Cimtronics") for a total cash consideration of US$ 1.75 million. 2) In continuation of the above disclosure, the Company hereby informs that they have acquired 7,583 shares of TekSoft and 500 shares of Cimtronics constituting 100% of the Common Stock of each of them respectively (both these companies are based at Arizona, USA) from OnCourse, a company based at Wisconsin, USA (hereby calle

Kale Consultants Limited has informed the Exchange that the equity shareholders of the Company at the meeting held on March 12, 2005, unanimously approved the Scheme of Amalgamation between Kale eTravel Technologies Limited and Kale Consultants Limited with the following modification: "In clause 2 of the Scheme of Amalgamation, the 'Appointed Date' to stand amended and read as 'April 01, 2005' instead and in place of 'April 01, 2004'."

Nahar International Ltd has informed the Exchange that the Hon'ble High Court of Punjab and Haryana on March 04, 2005 had approved the Scheme of Amalgamation of Nahar International Limited and Nahar Sugar & Allied Industries Limited with Nahar Industrial Enterprises Ltd..

Pentasoft Technologies Limited has informed the Exchange that at the meeting of the BODs held on March 14,2005, the BODs have subject to the approval as are required approved a scheme of amalgamation by which the company, Pentasoft Technologies Limited would amalgamate with Silicon Valley Infotech Limited., Kolkatta effective January 01,2005.Under the scheme on a record date to be fixed, the shareholders of Pentasoft would receive one share of Re.1/- each of Silicon Valley Infotech Ltd., for every two shares of Rs.10/- each held by them in Pentasoft. The Exchange ratio is based on the valuati

Alfa Laval India Ltd has informed the Exchange that the Hon'ble High Court at Mumbai has passed necessary orders sanctioning the Scheme of amalgamation of Skansen Engineering and Consultancy Co.Ltd.(A wholly owned subsidiary of Alfa Laval(India) Limited)with Alfa Laval(India) Limited.

Rajasthan Spg. & Wvg. Mills Ltd. has informed the Exchange that the BODs of the company at their meeting held on March 09,2005 have approved amalgamation of M/s Jaipur Polyspin Limited with the company. The necessary steps are being initiated for taking all necessary approvals for giving effect to this.

Astra Microwave Products Limited has informed the Exchange that one of their shareholder {i.e. M/s Strategic Ventures Fund (Mauritius) Ltd.} who is holding 26.65% in the total shareholding of the Company, has sold 20000 shares of the Company on March 07, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd. has come down to 26.27% from 26.65%.

Mahavir Spinning Mills Ltd has informed the Exchange that the Hon'ble High Court for the State of Punjab & Haryana, Chandigarh has approved the scheme of arrangement and demerger of Vardhman Spinning & General Mills Limited with Mahavir Spinning Mills Limited on March 04, 2005. The company has further informed that a formal copy of the Order of Hon'ble High Court shall be received by them in due course.

Mid-Day Multimedia Limited has informed the Exchange that the Company's promoters have agreed to sell 4,256,628 shares of the Company at a price of Rs.60 per share to The Indian Express Limited (Indian Express) representing 10% of the paid up equity share capital of the Company. The post-transaction holding of the promoters shall be 53.6%.

Atcom Technologies Limited has informed the Exchange that the Company has received intimation from Mr. Malay S Doshi (Promoters Category) about his sell of 148,785 (0.97%) Equity shares of the Company. After the said transaction, his holding stands to 50,000 Shares.

Corporation Bank has informed the Exchange that the BOD's of the Bank at their meeting held on March 02, 2005, approved the proposal for merger of Chikmagalur Kodagu Grameena Bank (CHIKO Bank), Regional Rural Bank sponsored by the Bank with the Bank (i.e. Corporation Bank).

Pfizer Ltd. has informed the Exchange that pursuant to the Scheme of Amalgamation, 10,43,900 equity shares of Pfizer Limited will be issued in the ratio of 1 fully paid-up equity share of Rs.10/- of Pfizer Limited for every 5 fully paid-up equity shares of Rs.5/- each of Pharmacia to the shareholders of Pharmacia whose names appear on their Register of Members on the Record Date to be fixed for this purpose.

Hcl Technologies Ltd had informed the Exchange regarding the Board having granted its in-principle approval for amalgamation of the wholly owned subsidiaries of the company viz., DSL Software Ltd.,Shipara Technologies Ltd, HCL Technologies BPO Services Ltd, HCL Technologies(Mumbai) Ltd., Aquila Technologies Ltd. and HCL Enterprise Solutions(India) Ltd with the company. The company has now informed that the Board of Directors has now approved the amalgamation of DSL Software Ltd., Shipara Technologies Ltd, HCL Technologies BPO Services Ltd, HCL Technologies (Mumbai) Ltd, Aquila Technologies Lt

Industrial Development Bank Of India Limited has informed the Exchange that the EGM of IDBI Ltd. was held on February 23, 2005. A poll was taken on the resolution pertaining to the Scheme of Amalgamation. Votes have been cast by 383 shareholders present in person and by proxy holding 16,39,90,320 shares constituting 99.9997% in favour of the resolution and 2 votes representing 560 shares constituting 0.0003% against the resolution. Consequently, the Resolution No.5 relating to amalgamation of IDBI Bank Ltd. with IDBI Ltd. has been adopted by the requisite majority of the shareholders present i

Eveready Industries Ltd had informed the Exchange that the Scheme of Arrangement for the Demerger of the Bulk Tea Division of the Company had been sanctioned by the Hon'ble High Court at Calcutta by its Order dated January 17, 2005. The Company has now informed the Exchange that certified copies of the aforesaid Order dated January 17, 2005, were received on February 24, 2005 and upon filing of the same with the Registrar of Companies, West Bengal, the Demerger has become effective on February 24, 2005 with retrospective effect from April 01, 2004.

Pharmacia Healthcare Limited has informed the Exchange that the Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Pharmacia Healthcare Limited and its Members and Pfizer Limited and its Members by its Order dated February 04, 2005. The Scheme will be operative from December 01, 2003 and the Accounts of the Company will be consolidated with Pfizer Limited for the Accounting period ended November 30, 2004. The BOD's of Pfizer Limited will be fixing a Record Date for issue of share certificates / crediting into the Depository Accounts of the shareholders of the

Pfizer Ltd. has informed the Exchange that the Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Pharmacia Healthcare Limited and its Members and Pfizer Limited and its Members by its Order dated February 04, 2005. The Scheme will be operative from December 01, 2003 and the Accounts of the Company will be consolidated with Pharmacia Healthcare Limited for the Accounting period ended November 30, 2004.

Aban Loyd Chiles Offshore Ltd. has informed the Exchange that the Company has completed the acquisition of 250 Feet Independent Cantilever Jack Up Rig "Energy Explorer IV" on February 16, 2005. The Rig henceforth will be known as RIG ABAN VI. The rig is currently operating under a three year Drilling Contract in the Persian Gulf.

Sundaram Fasteners Ltd has informed the Exchange that the BOD's of Aplomb Investments Limited (AIL), a subsidiary of Sundram Fasteners Limited, has approved a proposal to amalgamate Upasana Engineering Limited (an unlisted wholly owned subsidiary of AIL) and Upasana Components Limited (an unlisted subsidiary of AIL) with Aplomb Investments Limited, with effect from the Appointed Date viz. April 01, 2004, subject to the provisions of Section 391 to 394 and other applicable provisions of the Companies Act, 1956 and such other requisite approvals as may be necessary.