Corporate announcements

Siemens Ltd has informed the Exchange that the BODs of the company at its meeting held on February 15,2005,has taken the following decision:1)Acquisition of 100% stake in Siemens Public Communication Networks Pvt. Ltd., Bangalore(SPCNL):The BODs has decide to acquire 100% stake i.e. 12,425,000 equity shares of Rs.10 each in SPCNL, from Siemens AG, Germany alongwith its nominee, for a total consideration of Rs.1950 million(i.e approx.Rs.156.94 per share) as reduced by the dividend for the year ended September 30,2004 received or receivable by Siemens AG and further reduced by the amount of divi

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 27.49% in the total share capital of the Company, has sold 25000 shares of the Company on February 10, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd. has come down to 27.02% from 27.49%.

Jindal Vijayanagar Steel Ltd has informed the Exchange that February 28, 2005 has been fixed as the Record date for: (a) the purpose of reorganization of equity share capital of the Company as provided in the Scheme of Arrangement & Amalgamation between the Company, Jindal Iron & Steel Co. Ltd., (JISCO) & Jindal South West Holdings Ltd. ((JSWHL) and their respective members and creditors, sanctioned by the High Court of Judicature at Bombay and Karnataka High Court (the Scheme). (b) Payment of arrears of Preference dividend on 10% Cumulative Redeemable Preference shares (CRPS) and, (c) Payment

Subex Systems Limited has informed the Exchange that Mr. Alex P J, Executive Director has sold 12,00,000 shares. Further, he has submitted his resignation from the position of Executive Director and the same will be considered by the BODs.

Subex Systems Limited has informed the Exchange that Mr. Alex P J has further sold 1,00,000 shares and his subsequent shareholding as on February 09, 2005 is 2,00,000 shares (2.15%) of the Company.

Astra Microwave Products Limited has informed the Exchange that one of the shareholders of the company(i.e,M/s Strategic Ventures Fund(Mauritius) Ltd) who is holding 29.19% in the total shareholding of the company,has sold the company's shares as follows:1)65000 shares on February 07,2005 and 25410 shares on February 08,2005.After the above transaction the shareholding of M/s Strategic Ventures Fund(Mauritius) Ltd. has come down to 27.49% from 29.19%.

Sun Pharmaceuticals Industries Ltd has informed the Exchange that at the meeting of BODs of the company held on February 08,2005,the following business interalia, was transacted: The BODs approved the proposal for merger/amalgamation of its wholly owned subsidiaries(1)Bazley Finvest Pvt. Ltd,(2)Dhaval Finvest Pvt. Ltd. and (3) Manish Finvest Pvt. Ltd., with the company,Sun Pharmaceutical Industries Ltd., w.e.f March 01,2005 subject to approval of shareholders and Hon'ble High Court of Gujarat and such other approvals/sanctions as may be required. The Board also considered and approved the pro

Sesa Goa Ltd. has informed the Exchange that High Court of Bombay at Goa has approved on February 04,2005 the Scheme of Amalgamation of Sesa Kembla Coke Co. Ltd. with Sesa Goa Limited. The company has applied for the certified copy of the Order and the same is awaited.

Itc Hotels Ltd has informed the Exchange that the Hon'ble High Courts at Calcutta and at New Delhi have sanctioned the Scheme of Amalgamation of ITC Hotels Limited and Ansal Hotels Limited with ITC Limited, w.e.f. April 01, 2004. Certified copies of the Orders from the respective Courts are awaited.

Itc Ltd. has informed the Exchange that the Hon'ble High Courts at Calcutta and at New Delhi have sanctioned the Scheme of Amalgamation of ITC Hotels Limited and Ansal Hotels Limited with ITC Limited, w.e.f. April 01, 2004. Certified copies of the Orders from the respective Courts are awaited.

State Bank Of India has informed the Exchange that they have finalized on February 3, 2005, with the principal shareholders of Indian Ocean International Bank Ltd (IOIB), Mauritius for acquisition of over 51% equity of the above Bank, along with management control therein.

S. Kumars Nationwide Ltd has informed the Exchange that Corporate Debt Restructuring Package has been finalised with the lendors.

Birla Vxl Limited has informed the Exchange that the BODs of the company at their meeting held on January 31,2005 has approved a Scheme of Arrangement in terms of Section 391,394 and other applicable sections of the companies act,1956 between the company and its secured creditors, shareholders and OCM India Ltd.,a wholly owned subsidiary of the company for restructuring/reorganizing its secured loans/capital structure and for transfer/vesting of Amritsar Division of the Company to OCM India Ltd.,a wholly owned Subsidiary, subject to necessary statutory and other approvals .The Board has also a

Crompton Greaves Ltd has informed the Exchange that at a Board meeting held on January 31,2005 the BODs have granted their approval to the divestment of the company's shareholding in Paxonet Communications Inc.USA comprising 30,00,000 shares of USD 0.10 to Conexant Systems,Inc. USA or its nominees, at a price not below USD 0.50 per share, aggregating to USD 1.5 million.

Ponni Sugars (Erode) Limited has informed the Exchange that a scheme of arrangement involving the set off of debit balance in P&L account of Rs.251 lacs against capital reserve and automatic buy back and cancellation of small lot shareholdings upto 49 equity shares at a fair price of Rs.19 per share was approved at the Board meeting held on October 30,2004.Having regard to changed market conditions, the BODs at their meeting held on January 28,2005 have decided to drop this proposal for the present. Further, the Company has also informed that at the Board meeting held on January 28,2005, the

Dabur India Ltd has informed the Exchange that the Board of Directors of the Company in its meeting held on January 27,2005 have, subject to approval of members through Postal Ballot for making investment under section 372A of the Companies Act, 1956, decided to acquire the controlling stake by way of acquisition of equity shares of Balsara Hygiene Products Limited, Balsara Home Products Limited and Besta Cosmetics Limited for a consideration not exceeding Rs.120 crore (Rupees One Hundred Twenty Crore only), Rs.7 crore (Rupees Seven Crore only) and Rs.20 crore (Rupees Twenty Crore only) respec

Hcl Technologies Ltd has informed the Exchange that the BODs in its meeting held on January 25,2005 granted its in-principle approval for merger/transfer of business of its existing/would be wholly owned subsidiaries 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. A further decision in this regard will be taken.

Somani Cement Company Ltd has informed the Exchange that with regards to the proposal for amalgamation of Apex Cement Pvt. Ltd. with Somani Cement Co. Ltd., the outcome of the joint meeting of directors of Somani Cement Co. with the directors of Apex Cement Pvt. Ltd. is as follows: 1)N. Dholakia & Co. Chartered Accountants are appointed for the valuation report. 2)In consultation with N. Dholakia & Co. Chartered Accountants, the company have appointed Shri J.M.Sampat an Architect, Engineer, Surveyor, chartered engineer and Registered valuer for the valuation of immovable property.

Upper Ganges Sugar & Industries Ltd has informed the Exchange that in connection with merger of sugar business of New India Sugar Mills Ltd. with the Company and merger of Saran Trading Company Ltd., a wholly owned subsidiary of the Company, with New India Sugar Mills Ltd., the Committee of the BOD�s of the Company at its meeting held on January 22, 2005, have decided as follows: a) Issue of 2 fully paid equity shares of Rs.10 each of the Company for every 100 equity shares of Rs.10 each of New India Sugar Mills Ltd. on merger of the sugar business of New India Sugar Mills Ltd. with the Compan

Jindal Vijayanagar Steel Ltd has informed the Exchange that The Hon'ble High Court of Karnataka has sanctioned the Scheme of Arrangement and Amalgamation between the Company, Jindal Iron & Steel Co Ltd and Jindal South West Holdings Ltd.. The Order sanctioning the Scheme was pronounced in the Court on January 20,2005. Once the order of Karnataka High Court is filed with Registrar of Companies, Karnataka, the scheme will become effective.

Industrial Development Bank Of India Limited has informed the Exchange that the BODS of IDBI Ltd. at its meeting held on January 20,2005 has approved the Scheme of Amalgamation envisaging merger of IDBI Bank Ltd. with IDBI Ltd. Pursuant to the Scheme of approved by the boards of both the Banks, subject to the approval of the shareholders and the Reserve Bank of India, IDBI Ltd. will issue 100 equity shares for 142 equity shares held by the members in IDBI Bank Ltd.. Board of IDBI Ltd. has also decided to transfer 2.5% of the equity capital to a trust to be held for the benefit of shareholders

Idbi Bank Ltd. has informed the Exchange that the BOD's of the Bank at its meeting held on January 20, 2005 has approved the Scheme of Amalgamation, envisaging merger of IDBI Bank Ltd. with IDBI Ltd. Pursuant to the Scheme approved by the Boards of both the Banks, IDBI Ltd. will issue 100 equity shares for 142 equity shares held by the shareholders in IDBI Bank Ltd.

Jindal Iron & Steel Co. Ltd. has informed the Exchange that the Hon'ble High Court of Karnataka has sanctioned the Scheme of Arrangement and Amalgamation between the Company, Jindal Vijaynagar Steel Ltd and Jindal South West Holdings Ltd.. The Order sanctioning the Scheme was pronounced in the Court on January 20,2005. The written order sanctioning the Scheme is expected to be received shortly. Once the order of Karnataka High Court is filed with Registrar of Companies, Karnataka, the scheme will become effective.

Tata Power Co. Ltd. has informed the Exchange that the BOD's of the Company at its meeting held on January 20, 2005, approved of the Company selling its entire shareholding in Tata Petrodyne Limited to Tata Sons Limited at an Enterprise Value of Rs.360 crores. The equity value of Tata Petrodyne Shares will be determined after deducting the net debt of Tata Petrodyne Limited at the time of the transaction.

Bharat Petroleum Corpn. Ltd has informed the Exchange that the BOD's of the Company, at its meeting held on January 17, 2005, has approved the Scheme of Amalgamation of Kochi Refineries Limited with Bharat Petroleum Corporation Limited. The BOD's has also recommended a swap ratio of 1: 2.25 i.e. four fully paid up equity shares of Rs.10/- each of Bharat Petroleum Corporation Limited for every nine fully paid up equity shares of Kochi Refineries Limited. The above approval is however, subject to the necessary approvals of the Govt. of India, shareholders / creditors of BPCL / KRL and other Judi

Kochi Refineries Limited has informed the Exchange that the BOD's of the Company, at its meeting held on January 17, 2005, has approved the Scheme of Amalgamation of Kochi Refineries Limited with Bharat Petroleum Corporation Limited. The BOD's has also recommended a swap ratio of 1: 2.25 i.e. 4 fully paid up equity shares of Rs.10/- each of Bharat Petroleum Corporation Limited for every 9 fully paid up equity shares of Rs.10/- each of Kochi Refineries Limited. The above is however, subject to the necessary approvals of the Govt. of India, shareholders / creditors of BPCL / KRL and other Judici

Pentasoft Technologies Limited has informed the Exchange that the BOD has decided to carry out a Scheme of amalgamation with M/S Silicon Valley Infotech Limited,Kolkatta subject to approval of Court and concerned authorities.

Eveready Industries Ltd has informed the Exchange that at a hearing held on January 17,2005,the Hon'ble High Court at Calcutta has approved the "Scheme of demerger- Scheme of Arrangement between Eveready Industries India Ltd. (EIIL) and Eveready Company India Limited (ECIL) and their respective shareholders for the transfer of the undertaking of Bulk Tea Division from EIIL to ECIL" in terms of Section 391,393 and 394 of the Companies Act, 1956.

Mahindra & Mahindra Ltd. has informed the Exchange that with regards to the Company having entered into an Agreement to acquire a 51% stake in SAR Transmission Private Limited (STPL), a company based in Rajkot, the Company has on January 14, 2005 executed Definitive Agreements and has acquired a 51% stake in STPL for a consideration of Rs.14.62 crores. Consequent upon the allotment of equity shares to Mahindra & Mahindra Limited, STPL would become a subsidiary of Mahindra & Mahindra Limited.

Softpro Systems Limited has informed the Exchange that Sri A. Mallikharjuna Rao, Executive Director had acquired 5,000 shares during the month of December 2004. Together with this the total holding under Sri A. Mallikharjuna Rao and his family works out to 196614 aggregating to 3.27% of the total shareholding of SoftPro Systems Ltd..

Macmillan India Limited has informed the Exchange that the meeting of the shareholders to consider the Scheme of Merger and Amalgamation of Brigade Marketing Company Ltd. (a subsidiary) with Macmillan India Limited, as per the directions of the Madras High Court, was accordingly convened on January 07, 2005 and the consent of the shareholders was obtained unanimously for implementing the said Scheme of Merger and Amalgamation.

Tata Motors Limited has informed the Exchange that the BODs of the company have at its meeting held on Janaury 10,2005,considered and approved the proposal for: 1)The merger of its two subsidiary companies,Telco Dadajee Dhackjee Limited and Suryodaya Capital & Finance(Bombay) Limited with the Company.Considering that 100% of the paid-up capital of the two subsidiary companies is held by the company,no shares of the Company are contemplated to be issued under the proposed Scheme of Amalgamation.The merger would be subject to receipt of necessary statutory and other approvals. 2)The Merger of th

Tata Finance Ltd has informed the Exchange that the BODs of the company have at its meeting held on Janaury 10,2005,considered and approved the proposal for meger of the Company with Tata Motors Limited.The merger would be under a Scheme of Amalgamation under section 391 and 394 of the Companies act 1956 and would be subject to the approval of the Hon'ble High Court of Judicature at Bombay and would be effective from April 01,2005.In terms of the Scheme of Amalgamation that would be submitted to the court,all equity shareholders of Tata Finance Limited will be entitled to receive 8 Ordinary Sh

Atcom Technologies Limited has informed the Exchange that the Company has received intimation from Ms. Nataliya Doshi (Promoters Category) about her sell of 225,000 (1.47%) Equity shares of the Company. After the said transaction, her holding stands to 91,000 Shares.

Atcom Technologies Limited has informed the Exchange that the Company has received intimation from Sharad A. Doshi (Karta) {Promoters Category} about his sell of 235,000 (1.53%) Equity shares of the Company. After the said transaction, his holding stands to 50,648 Shares.

Sundaram Finance Ltd. has informed the Exchange that pursuant to the Order of the Hon'ble High Court of Madras dated November 22, 2004, the meeting of the Equity Shareholders of the Company was held on January 07, 2005 to consider the Scheme of Amalgamation of Lakshmi General Finance Ltd. with Sundaram Finance Limited. As directed by the Court, a poll was ordered and the members cast their votes in person/by proxy. The result of the poll is as follows: (i) Votes in favour - 1,35,70,677 shares; (ii) Votes against - 524 shares. The Scheme was approved by 99.35% of the members representing 99.99%

Indian Rayon & Industries Ltd. has informed the Exchange that pursuant to approval of the Scheme of Amalgamation by the Hon'ble High Court of Karnataka at Bangalore and Bombay High Court, M/s. TransWorks IT Services (India) Ltd., Bangalore a subsidiary of M/s TransWorks Information Services Ltd., Mumbai (subsidiary of Indian Rayon and Industries Ltd.) has amalgamated with M/s TransWorks Information Services Ltd., Mumbai w.e.f. the Appointed Date i.e. April 01, 2003.

Rane (Madras) Ltd. has informed the Exchange that the Board of the company at its meeting held on January 06, 2005 approved the draft scheme for demerging the manufacturing activities of the company w.e.f. July 01, 2004 (Appointed date) into its wholly owned subsidiary company (the Resulting Company) which currently has a paid up capital of Rs.5 lacs. The draft scheme envisages issue of shares by the Resulting Company to all the shareholders of Rane (Madras) Ltd. in the ratio of 1:1, viz. one share in the Resulting company of the face value of Rs.10 fully paid up for every one share held in Ra

Geometric Software Solutions Limited had informed the Exchange regarding its intention to acquire Teksoft Inc. and Cimtronics Inc.. The company has now informed that they have signed an agreement with OnCourse Technologies Inc. for acquisition of these two companies for a total cash consideration of USD 1.75 Million. The closure of the transaction is subject to attainment of a number of conditions, which are expected to be concluded by the second week of February 2005.The company will make a final and more detailed disclosure after the closure of the transaction.

Jindal Photo Limited has informed the Exchange that the company has issued and allotted 32326366 Nos. new equity shares to the members whose names appear in the register of members as on December 29,2004 (the record date) and the benpos furnished by NSDL and CDSIL as on that date. Every shareholder has got 76 new shares of Rs.10/- each fully- up for every 100 shares of Rs.10/- each fully-up held by them. These equity shares were issued in lieu of old shares in the reduced and consolidated share capital as per the Scheme of Arrangement of the Company. The company has further informed that all t

Atcom Technologies Limited has informed the Exchange that the Company has received intimation from Saraldisha Investments Limited (Promoters Category) about their sell of 640,000 (4.17%) Equity shares of the Company. After the said sale, their holding stands to 2115 Shares.

Atcom Technologies Limited has informed the Exchange that the Company has received intimation from Mrs. Mita A Doshi (Promoters Category) about her sell of 385,000 (2.51%) Equity shares of the Company. After the said sale, her holding stands to 600 Shares.

Atcom Technologies Limited has informed the Exchange that that the Company has received intimation from Karta of Vineet A. Doshi (HUF) (Promoters Category) about his sell of 225,000 (1.47%) Equity shares of the Company. After the sale, his holding stands to 4900 Shares.

Goodlass Nerolac Paints Ltd has informed the Exchange that it is proposed to amalgamate the Company's wholly owned subsidiary, Chemguard Coatings Limited(CCL) with the Company, Goodlass Nerolac Paints Ltd(GNP).The necessary petition for the amalgamation is being filed by CCL at the Hon'ble High Court of Judicature at Madras, as CCL's Registered Office is situated at Chennai. The amalgamation will not affect GNP's share capital, as the amalgamation is of a wholly owned subsidiary. There will not be any issue of shares by GNP, the transferee Company. The transferor company, CCL, is a net worth

RTM Investment & Trading Company Ltd. have informed the Exchange that they have sold 1,05,000 Equity Shares of Rs.10 each of The Oudh Sugar Mills Ltd. and consequently their holding in the company has reduced to 9,31,020 equity shares(8.97%).

Sonali Commercial Ltd. have informed the Exchange that they have sold 50,000 Equity Shares of Rs.10 each of The Oudh Sugar Mills Ltd. and consequently their holding in the company has reduced to 3,50,000 equity shares(3.37%).

Deepshikha Trading Company Pvt. Ltd. have informed the Exchange that they have sold 50,000 Equity Shares of Rs.10 each of The Oudh Sugar Mills Ltd. and consequently their holding in the company has reduced to 1,63,460 equity shares(1.57%).

Saran Trading Company Ltd. have informed the Exchange that they have sold 50,000 Equity Shares of Rs.10 each of The Oudh Sugar Mills Ltd. and consequently their holding in the company has reduced to 1,54,520 equity shares(1.49%).

Darbhanga Marketing Company Ltd. have informed the Exchange that they have sold 2,20,000 Equity Shares of Rs.10 each of The Oudh Sugar Mills Ltd. and consequently their holding in the company has reduced to 6,53,000 equity shares(6.29%).

Uttar Pradesh Trading Company Ltd. have informed the Exchange that they have sold 4,00,000 Equity Shares of Rs.10 each of The Oudh Sugar Mills Ltd. and consequently their holding in The Oudh Sugar Mills Ltd. has reduced to 9,44,990 equity shares(9.10%).