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Saturday, April 21, 2007
IPO grey mkt now acquires ‘legal’ shade
The stock market may be booming once again, but that is little relief to Manish Babu (name changed) and other brokers like him who operate predominantly in the grey market for initial public offerings. “Not a single deal has been struck for nearly months now,” Babu bemoans. Not that the capital market regulator has finally managed to chuck manipulators out; but most investors today don’t need Babu to get IPO allocations as the demand has fallen.
True, after Sebi blew the lid off the IPO share allotment scam in 2005, manipulation in the retail investor quota had reduced significantly. But the saying that challenges bring the best in you goes well with manipulators as well. Babu and his ilk were quick to spot new loopholes and had perfected a new modus operandi to thrive in the grey market. According to Babu, their business was thriving some two months ago, when the demand for IPO allocations was still high.
Earlier, manipulators used to apply for the retail quota under fictitious names and corner the shares. But with the two depositories—NSDL and CDSL—tightening the know-your-client norms enforced by depository participants like banks and brokerages, and also with permanent account number (PAN) now a must for any capital market transaction, it looks like cornering shares entitled to retail investors won’t be easy.
But ask Babu, and he will tell you that shares in the retail investor quota are still being diverted, though not on the scale that was previously witnessed. Also, this time around, it is being done in a perfectly legal manner. Wonder how? Here we go...
A grey market exists whenever there is a strong response for a public issue. Investors who want a certain number of shares, but know that they are unlikely to be allotted that quantity because of the strong demand, turn to grey market brokers like Manish Babu. These investors are mostly high net worth individuals, market operators, reputed brokers and often merchant bankers to the issue who are trying to curry favour with a client.
Now, there are two types of investors who offer their shares in the grey market. There are those who have applied for the issue and want to lock in their profits as soon as possible. But Manish Babu and co are not betting big on these investors for supply can never match demand. They are more interested in a new breed of investors they themselves have created for this purpose alone. These “investors” know nothing about stock or market, but possess three things essential to participate in the capital market—PAN number, demat account and bank account
These dummy investors could be anywhere, in one of the metro cities or in a hamlet in Gujarat.So what’s the modus operandi? Manish Babu gets in touch with an agent who knows many such “investors”. And, of course, there are many agents who specialise in providing an investor base of dummy applicants. This could be a sarpanch of a village or the leader of a trade union.
The “investors” are paid per application. A retail investor can apply for maximum Rs 1 lakh worth of shares. So he is usually paid around Rs 2,500 to Rs 3,000 in cash for his application. Often, the Rs 1 lakh of application money may have been provided by financiers who are part of the grey market network. These “investors” are only bothered with the cash they get per application; in fact, they have no control on the shares once it enters their demat account.
If there are three or four eligible applicants in a household, it means an income of Rs 10,000 for the family just renting out the demat and bank accounts. And remember, there are months when more than two IPOs hit the market. The delivery instruction slip book of the demat account has already been signed by the investors and handed over to the agent broker, again a part of the grey market network. Once the IPO allotment is done and soon after the shares get listed, the broker collects the shares from the accounts of these “investors” and transfers it into his account.
Once trading in the shares commences, he transfers the shares into Manish Babu’s account through a block deal on the trading screen. The shares are transferred on the pretext that these would be sold in the open market, just as most IPO investors do to earn the listing premium. In reality Manish Babu simply gets the shares and again transfer these, almost instantaneously to real investors who wanted to corner the IPO. The broker too gets a cut for his efforts and the premium over the issue price plus other costs is settled in cash between Manish Babu and the broker. The question is whether there is anything illegal with the whole process? But that again is a grey area.
WOW INDIA - DISHMAN PHARMA + INDIA BULLS +GMR INFRA+GARWARE OFF
Broking House - Motilal Oswal Securities
Recommendation - Buy
Increased outsourcing from India helps to increase the customer base. In its Report Dated 17th April 2007, Motilal Oswal Securities (Motilal) has initiated a Buy on Dishman Pharmaceuticals Ltd (Dishman) with a Target Price of Rs 270 from the Current Market Price of Rs 226.
Motilal Oswal (Motilal) states that Dishman Pharmaceuticals & Chemicals Ltd (Dishman) is set to emerge as India''s leading contract manufacturing organization for pharmaceutical intermediates and actives. The company is integrating forward from being a pure chemicals company to the pharmaceuticals business. Besides being value
accretive, this trend allows Dishman to gain improved realizations in select drug segments. Motilal informs that to take this initiative forward, Dishman acquired Carbogen AMCIS AG, (CA), a Swiss research based company with three production facilities in Switzerland for manufacture of high potent, high value products from Solutia Europe.
Motilal informs that Dishman is transitioning from a chemicals supplier to a full fledged CRAMS player. Signing of new CRAMS contracts and the Carbogen-AMCIS (CA) acquisition will enable the company to increase its CRAMS contribution from 53% of sales in FY06 to about 80% by FY08E resulting in a 430bp increase in EBITDA margins
between FY06-09.
Motilal highlights that the CA acquisition has, in one stroke, enhanced Dishman''s capabilities across the complete range of services spanning the CRAMS value chain. Further, this has opened the doorway for access to high potency capabilities and a significant number of new client relationships, besides doubling Dishman''s revenues. CA is expected to grow at a CAGR of about 15-18% in CY07E and CY08E.
Motilal believes that partnerships with large innovators like GSK, Merck, Astra Zeneca, J&J and Novartis imply good long term potential for the CRAMS business, resulting in 25% revenue CAGR (excl. CA) for FY06-09. Motilal estimates Dishman is likely to be one of the key beneficiaries of the increased outsourcing from India, resulting in 32% earnings CAGR over FY07-FY09. The stock is currently valued at
14.6x FY08E and 12.6x FY09E consolidated earnings. RoE is estimated at between 30-34% and RoCE in the 18- 20% range over FY07-FY09. Motilal has initiated coverage with a Buy with a price target of Rs 270 (15x FY09E earnings) implying an upside of 19.5%.
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Broking House - Merrill Lynch
Recommendation - Buy
stronger traction and growth due to Consumer Finance Business In its report dated April 18, 2007 Merrill Lynch (ML) has initiated Buy coverage for Indiabulls Financial Services at CMP of Rs. 489.65 with a price objective (PO) of Rs. 525 to Rs 560
ML mentions that Indiabulls is a leading equity brokerage set up in the mid- 1990s, provides equity and derivative brokerage services to the retail segment, which accounts for 60-65% of the total market volumes in India. ML points out that Indiabulls also provides consumer finance to the lower middle income segments of the society, a high-risk, high-return business. Through another JV, it has also
diversified into real estate and property development.
ML has raised its PO on IFSL to Rs 560 by 7% (from Rs525) owing to much stronger traction and growth prospects on the consumer finance business. As ML has raised the value of the consumer lending business by 35% to Rs 359/shr (at 2.6x FY09E BV) supported by rising ticket size and an expanding product profile as IFSL seeks to move up the income segment. However, ML has simultaneously cut the value of the
brokerage business by 25% to Rs 204/shr (15x FY09E earnings) owing to slower growth v/s earlier.
ML estimates that IFSL''s earnings are expected to rise 3 fold by FY09 driven by a 5 fold rise in consumer finance earnings owing to 6 fold forecast jump in the loan book (and factoring sharp margin compression). Consumer finance ROE to rise to 35% by FY09E. The drag would be from margin finance business which would grow at 20% pa.ML
states that broking earnings expected to grow at CAGR of 50% driven by rising fees and factoring in moderation in brokerage revenues owing to overall market volume moderation.
ML continues to value the brokerage on a P/E basis relative to benchmark market multiples, given the vulnerability and dependence of this business to markets. ML have valued this business in sync with market multiples, valuing it, one year from now, at 15-16x estimated one year forward (FY09) earnings, implying valuation range of US$1.1-1.2bn for the brokerage entity.
ML makes us aware that IFSL''s 4QFY07 earnings were about 33% ahead of the estimates owing to strong fee revenues from insurance distribution and strong upsurge in consumer lending. Broking was somewhat disappointing.
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Broking House - Kotak securities
Recommendation - Buy
Commonwealth Games likely to support for target? In its report dated 4th April. Kotak Institutional Equities Research (Kotak) has recommend "Buy" on GMR Infrastructure (GMRI) at its CMP of Rs 340 with Target of Rs 465.
Kotak states that GMR Infrastructure (GMRI) is a developer of infrastructure projects across the airport, road and power sectors. Its current portfolio includes two airports (Delhi and Hyderabad, with 950 acres real estate), six road projects (both annuity and toll, 422 kms) and three operating power projects (810 MW). The infrastructure space offers a US$30 bn opportunity for private developers over the
next five years-we believe GMRI is well placed to ride this opportunity.
Kotak mentions that GMRI outbid its competitors to win the Delhi and Hyderabad airport concessions, spotting immense growth and value-generation potential in airports. GMRI captures the frenetic pace of air traffic growth as well as upsides from non-traditional revenue streams and adjoining real estate by developing these airports as ''Aerotropolises''. Optimal financial structuring lowers GMRI''s
risk profile and maximizes shareholder value, says Kotak.
Kotak highlights that the SOTP-based target price includes assets individually valued according to DCF, the best barometer of life-cycle cash flows. Around 83% of the value comes from airports, while the road and power portfolios contribute 8% and 7%, respectively. As a bulk of the value resides in projects under implementation that have yet to generate returns, a multiple-based valuation approach would be
inappropriate according to Kodak. As an early bird, Kotak believes that GMRI can capture growth and value creation potential in this space to generate above-sector returns. With this Kotak recommend "Buy" with a target price of Rs 465.
Kotak points out that GMRI''s mandate to get the airports ready before the Commonwealth Games in India in September 2010 mitigates Kotak worries on pre-construction and construction-related risks. Kotak is troubled though by the possibility that the yet-to-be-formed airport regulator could balk on significant tariff increases, contrary to provisions of existing agreements.
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Broking House - Emkay Research
Recommendation - Buy
Aggressive fleet expansion and demand for higher spec vessels to be key growth drivers. In its report dated 16th April, 2007 Emkay Research (Emkay) initiates
a Buy coverage on Garware Offshore Services Ltd. (GOSL) earlier known as Garware Shipping Corporation Ltd at its current price of Rs. 239 with a target price of Rs. 286.
Emkay Research (Emkay) mentions that Garware Offshore Services Ltd. (GOSL) was earlier known as Garware Shipping Corporation Ltd. which commenced business with general cargo vessels and exited from the shipping business in 1998 to diversify into the much more lucrative business of offshore supply vessels. GOSL is currently enjoying benefits of high charter rates as well as growing demand for offshore
vessels.
Emkay highlights that with oil price soaring to record high levels and global oil production spare capacity at a three decade low, global Exploration & Production (E&P) majors have lined up aggressive exploration plans to secure oil reserves. Emkay further states that through 2006-10 more than $260 billion will be spent on offshore
drilling alone and this compares well with an estimated $193 billion spent on drilling over the past five years.
Emkay states that driven by strong exploration activity, the day rates for offshore support vessels have soared to new highs. Emkay also throws light that many operators are becoming increasingly concerned with long-term availability of offshore support vessels and the fact that shipyards are booked till CY2009, the offshore services market is expected to remain buoyant at least till CY2009.
Emkay mentions that in order to capitalize on the boom time GOSL''s has chalked out an aggressive fleet expansion programme wherein its current fleet of 6 vessels would more than double to 13 vessels by the end of CY2009. Emkay quotes that the total capital expenditure for these seven vessels is a huge $150 mn as compared to the market value of $ 60 mn for its current fleet. With the acquisitions GOSL''s asset
profile would undergo a massive change with high spec deepwater vessels.
With addition of seven vessels and firm charter rates, Emkay expects GOSL''s revenues to grow at a CAGR of 64% over CY06-09E and its earnings to grow at a CAGR of 55% over CY06- 09E with EPS of Rs30.9 in CY2009. Emkay further says that at CMP of Rs239 the stock is trading at attractive valuations of 11.8x its CY2008 earnings and 7.7x CY2009 earnings. Emkay believes GOSL offers a very attractive long term play
on India''s E&P thrust as the country tries to achieve its hydrocarbon self sufficiency. Emkay initiate coverage on GOSL with a ''Buy'' rating and a price target of Rs286 based on DCF and 9.3X its CY2009 earnings.
Your Debt Options
Liquid Funds
Used as an alternative option to savings bank. Invest in money market instruments and have a lock-in period of a maximum of three days and offer redemption proceeds within 24 hours.
YIELD: 6.88 per cent*
Floating Rate Funds
These invest in floating rate instruments and fixed rate corporate bonds. For investors who want to reduce risk due to interest rate fluctuations.
YIELD: 6.90 per cent*
Fixed Maturity Plans
These, typically, are plans for a fixed tenure ranging mostly from 15 days to three years. They mostly invest in fixed income instruments (bonds, government securities, etc.) and money market instruments such that the fund matures in the same period. Over one-year FMPs are best because they can take advantage of indexation.
YIELD: 6.61 per cent*
Bond Funds
Targeted towards investors with a low appetite for risk and for whom safety and returns are paramount. These pay income regularly and their NAVs typically fluctuate less than those of an equity fund. They invest in corporate papers, GoI papers, money market instruments and call papers.
YIELD: 5.24 per cent*
Gilt Funds
They invest exclusively in government securities, including state government securities and treasury bills. They are safe and yield better returns than direct investments in these securities.
YIELD: 4.83 per cent*
Public Provident Fund (PPF)
It is a savings-cum-tax saving instrument. Also serves as a retirement planning tool due to its 15-year tenure. Maximum annual deposit limit of Rs 70,000, but interest is tax-free. Early withdrawals are possible after the end of five years, and it makes a good tax-saver scheme.
Rate of return: 8 per cent
National Savings Certificate (NSC)
These are issued by the post offices in denominations of Rs 100, Rs 1,000, Rs 5,000 and Rs 10,000 issued for a maturity period of six years. Early encashment is not permissible.
Rate of return: 8 per cent
Kisan Vikas Patra (KVP)
Doubles your money in eight years, seven months (returns exempt from TDS) and comes in denominations of Rs 100, Rs 500, Rs 1,000, Rs 10,000 and Rs. 50,000. Early encashment is not permissible.
Rate of return: 8 per cent
Post Office Monthly Income Scheme
Offers a return of 8 per cent, payable in monthly installments. Good for investors looking for a safe monthly income. However, the upper limit for investment is Rs 6 lakh, but there are no loan facilities.
Rate of return: 8 per cent
Government of India Bonds (Taxable)
These have a five-year tenure and are offered by the Government of India, which carry a sovereign guarantee.
Rate of return: 8 per cent
Rising interest rates have ensured that banks are once again offering double-digit interest rates (10-10.25 per cent) mostly on short-term deposits ranging from a few days to a little over a year. Short-term bank deposits have once again become a viable option for people willing to park their funds safely for short durations.
Rate of return: 10.25 per cent
*Average annual yield (last four quarters)
These figures do not factor in actual return to an individual investor as taxation with or without indexation and/or capital gains are not considered
No Frills, No Profit
In Spicejet's operations centre at its office in Gurgaon, company director and part-owner Ajay Singh is showing off the airline's impressive on-time performance. Pointing at a board full of numbers, he queries a nearby employee and tells this correspondent: "Only one delay today, and that too because of air traffic control (ATC) issues."
But while SpiceJet, and the three other budget carriers in India, Air Deccan, Indigo and GoAir, improve their on-time performance, their financial performance leaves a lot to be desired. Singh, in whose airline Tata Sons investment arm, Ewart, recently acquired a 10 per cent stake, laughs when he says: "No-one is making money, it is a bloodbath, but at least we are losing less money than the others and even make a marginal operating profit." SpiceJet, which has a fleet of 11 aircraft currently, expects to have 17 by year-end.
Another airline that has definitely not slowed down its growth plans is Indigo Airlines. Promoted by the Delhi-based travel services firm Interglobe, Indigo burst onto the scene with a huge 100-aircraft order at the Paris Air Show in 2005. So far, nine aircraft have been delivered and Bruce Ashby, CEO of the airline, expects six more by the end of the year. "By 2008, we should have a fleet of 23 aircraft." However, ask him if he is making money, and he shrugs: "This is not a business where you can expect to make money for the first 18-24 months. In the current environment in India, with infrastructural issues, that time frame might get slightly extended." However, Ashby did point out that Indigo hopes to turn the corner soon.
So what's the problem? "Customers only care about the lowest fare, there is little price elasticity for fares on a particular sector," says Jeh Wadia, MD, GoAir. "And the health of the industry is being compromised by things like sales tax on aviation turbine fuel (ATF). Over 42 per cent of my costs today are on ATF; if the government brought ATF under value-added tax (VAT), we would start making a profit overnight."
GoAir recently reduced its fleet from seven aircraft to five and the number of stations it serves from 13 to 11. While some in the industry see this as a sign of weakness, Wadia strongly quashes these rumours. "Our plans were always to bring in additional capacity every winter, because in winter we can bring in aircraft that are being underutilised in Europe at low-lease costs for the peak season in India." Wadia adds that GoAir expects delivery of its first brand-new aircraft from Airbus later this yearThat said, Ashby and Singh both believe that a good customer experience can allow airlines to charge a certain premium. "SpiceJet is rarely the cheapest airline on a particular sector," Singh points out, while Ashby says: "In this industry, it is all about getting the job done with no hassles; if you do that time after time, the word spreads, and it gives us the ability to charge a slight premium."
Samyukth Sridharan, Principal Sales and Marketing Officer, Air Deccan, believes that fares will start climbing, "We believe that the low-cost industry has seen a bottoming out in costs and we will see prices begin to rise over the next 12-18 months." Air Deccan plans to increase ancillary revenues to 25 per cent of the company's topline within the next four years. "That will allow us to fiddle with fares," adds Sridharan.
However, while GoAir, Indigo and SpiceJet work on the tried and tested single-aircraft type, low-cost model, Air Deccan utilises its ATR aircraft on smaller sectors, prompting one rival to quip that the airline was "trying to be a jack of all trades", Sridharan, however, has confidence in the model. "We believe the ATRs give us access to smaller airports and the latent market in tier-II townsThe low-cost bunch has now also to contend with higher interest rates, which will result in a shrinkage in disposable incomes among the middle class. "There might be a short-term impact, but people will still travel in the long term", Wadia says. Sridharan is more forthright, "The alternative is to spend hours and even days on a train or bus."
Robey Lal, Country Manager, India, International Air Transport Association (IATA), believes that India remains a bright spot for the global aviation industry. "Policy decisions to liberalise markets have stimulated an enormous market. Consequently, India ranks amongst the top six fastest growing markets in the world." However, Lal adds: "In domestic markets, we see more scope for movement." Gautam Roy, aviation analyst, Edelweiss Capital, believes that pricing power will only come back if capacity is reduced. "I believe there needs to be a degree of common-sense consolidation in the industry. Even though planes are travelling full, the seats are being sold at unprofitable prices right now."
A few airlines share that view. "In the current environment there is space in India for (just) a couple of budget carriers," Ashby points out. "I think there is a market for two full-service and two budget carriers, plus the government airlines and maybe a couple of niche carriers, so I fully expect some consolidation," Singh adds. Any guesses on who will still be in business this time next year?
How To Save The SEZs
Circa 2015: John Doe Jr., the young new CEO at one of the world's largest auto-parts companies, is on a guided tour of Reliance's Maha Mumbai special economic zone (SEZ). Doe wants to invest more than a billion dollars in a new factory, and he's weighing his options, which include India and China. His father, John Doe Sr., who last visited India in 2008, has warned him against investing in India because, as he remembers, it has a horrendous bureaucracy, convoluted regulations, and pathetic infrastructure. Yet, the young man has decided to check out Reliance's new SEZ because he's heard a lot of good things about it from some of his peers who already operate out of the SEZ.
As the Reliance chopper in which he's seated gives him an aerial view of the city, Doe Jr. can hardly believe what he sees. Forget China's Shenzhen; this city is something else. Beautifully laid out roads, clearly zoned residential and industrial areas look stunning from about 2,500 feet above ground. The numbers, which Reliance's head of SEZ offers to Doe Jr., are even more impressive. Almost a fifth of Fortune 500's manufacturing companies already have facilities in the SEZ, with investments of about $5 billion; the SEZ airport, world-class in every respect, can handle 90 million passengers a year (as much as Frankfurt airport) and 4 million tonnes of cargo. As a new city, Maha Mumbai has brought down real estate prices in the main Mumbai city and eased pressure on infrastructure. As an economic zone, it accounts for 5 per cent of India's total exports of $1 trillion. There's no red tape, there are no power cuts or water problems. What's more, there's a booming, vibrant city of blue and white-collar workers, whose per capita income is three times the national average. "Gosh, dad couldn't have been more wrong," thinks Doe Jr. "India it has to be."
As things stand today, no one knows the following: a) Will Reliance's, or any other SEZ investor's, dream of creating world-class urban centres in India ever come true? b) Will some investor, some day, go back as impressed with India's infrastructure and bureaucracy as John Doe Jr? c) Will India's exports actually hit a trillion dollars by 2015? d) Will prosperity trickle down to the poorer Indians as visibly as in the crystal-gazing above? e) Will India ever give China a run for its money?
If no one really knows, it's because the great circus that the issue of SEZs has been turned into. Farmers would rather continue living at subsistence levels than sell their land; industry wants to squeeze the maximum out of a well-intentioned plan, thereby endangering its very feasibility, and the government would rather ensure its own survival by washing its hands off a politically explosive issue than screw up courage to come up with a pragmatic policy that works in the interest of all stakeholders. Thus, a cap on SEZs, both in terms of their number and size, is thought of, and farmers are left to deal with developers directly and vice versa. With the result, a good idea runs the risk of being still-born.
| No. of functional SEZs | 19 |
| No. of valid formal approvals (with land) | 234 |
| No. of notified out of 234 SEZs | 63 |
| No. of formal approvals cleared for notification | 83 |
| No of in-principle approvals (without land) | 162 |
| Pending proposals | 370 |
| Investment made in 63 notified SEZs | Rs 13,435 crore |
| Employment created in 63 notified SEZs | 18,457 persons |
| Estimated investment if 234 formal approvals become operational | Rs 3,00,000 crore |
| Employment | 4 million jobs |
The need of the hour is to ask some important questions about the SEZs and find the right answers. Here, we make an attempt:
Q. Do we need so many SEZs or can we simply follow the China model?
This is a question that has been doing the rounds ever since the policy was first conceived in 2005. The question emanates from the tremendous success of the Chinese model. In eight years from 1980 to 1988, China established the SEZs in Shenzhen, Zhuhai, Shantou and Xiamen cities, and Hainan province. And by 2002, these free trade zones had attracted $60 billion of investments, employed two million people and were contributing 15-23 per cent to the nation's exports, according to a KPMG report. Surely this success is worth emulating. However, the Chinese SEZs are few in number and large in size. The famed-Shenzen, at best a mid-sized zone, is 327 square kilometers. The Hainan island is 34,000 square kilometers. Indian SEZs, with their cap on size at 5,000 hectares (50 sq km), are going to be midgets in comparison. Even Reliance with its proposed 10,000 hectare SEZs would have been middling at best in terms of sheer size. Fewer, larger SEZs have a compelling economic logic with their scale, and ease of administration. Anita Arjan Dass, Managing Director of Mahindra City, points out that a large size is preferred by a developer since it prevents overexposure to just one industry (as in single-industry SEZ) and protects investments. "Besides, the growth of ancillary industry development for a multi-product SEZ could be stymied in a small-sized SEZ. Today, large companies want to bring their ancillaries with them," Dass saysSEZs VS THE REST
SEZs
Units*
» Complete exemption from corporate tax for the first five years; 50 per cent exemption for next five years and a 50 per cent exemption for a further five years equivalent to the special reserves created by the units
» Complete exemption from Minimum Alternate Tax (MAT).
» Complete exemption from import duties. On procurement from the domestic tariff area do not have to pay excise, VAT, or (central sales tax) CST. Service tax is also exempt on services consumed within the zone
Developers
» 10-year tax holiday on profits derived from development of SEZs.
» Complete exemption from MAT, Dividend Distribution Tax
EOUs (March 31, 2009)
Direct Tax
» 100 per cent tax deduction on export profits
Indirect Tax
» Nil import duty
» Nil excise duty on procurement of goods from bonded warehouses in the domestic tariff area (DTA)
» Reimbursement of CST paid on purchases from DTA
EHTP/ STPI (Direct tax deduction till March 31, 2009)
Direct Tax
» Deduction of 100% export profits derived therefrom for any 10 consecutive years Indirect Tax
Nil import duty
» Nil excise duty on procurement of goods from bonded warehouses in the DTA
» Reimbursement of CST paid on purchases from DTA
Industrial Parks (Available to developers notified by DIPP on or before March 31, 2009)
Developers
» 100 per cent tax deduction is available to the developers of industrial parks for any 10 consecutive assessment years out of 15 years
Units
» Income tax holiday and exception from CENVAT is available for units set up in industrial parks in the states of Uttarakhand, Himachal Pradesh, Sikkim and Northeast, subject to certain conditions
However, can the China model be supplanted directly? No. For one, India is a democracy and free market economy. Government diktats cannot, and should not, determine economic progress. Two, skill sets vary in different regions of the country, says G.R.K. Reddy, Managing Director, Marg Constructions, which is developing over 600 acres in two adjacent locations. "Population density and per capita income also vary from region to region-so the one-size-fits-all strategy won't work. More numbers of SEZs would have to be scattered around as transporting people would be difficult," he adds. However, do we need a cap on the number? No. It's for the market to determine how many SEZs it can profitably accommodate. By restricting the number of SEZs, we will be making the same mistakes that we made by restricting manufacturing capacities and licensing industries
Q. Should there be a minimum limit on the "processing area"?
The hike in processing area (where core activity, manufacturing or otherwise, would take place) to a uniform 50 per cent of the total area has reduced the real estate play somewhat. SEZs cannot now be used as a surrogate for urban development. Srikanth Badiga, VP, Hyderabad Gems SEZ, says, "The processing area is in a sense a surrogate for industrialisation. The norm for 50 per cent processing zone is crucial to ensure that players serious about industrialisation get in and not those who are only interested in real estate development."
However, this rule also trims the returns expected by the SEZ developer considerably. "With the current norms, the returns for SEZ players have come down by 15-20 per cent, mainly due to the increase in processing area. The per-square feet realisation tends to be lower in the processing area," says Unitech Managing Director, Sanjay Chandra, while adding that much would depend on the location of the SEZ. Unitech is a joint venture partner with the Salim Group and Universal Success Group at the proposed SEZ at Nandigram and surrounding areas. So, should there be a minimum limit? Yes. And does the 50 per cent limit still leave enough on the table for developers? Yes, again.
Q. Should there be a maximum limit to the size of SEZs, like the 5,000 ha cap set by the government?
No. It just doesn't make any sense. Just as no automobile manufacturer makes 200-ft-long cars, no developer will make an SEZ bigger than what he can profitably sell. Remember, there's cost to every sq. ft of land developed. Yet, flexibility in terms of size is important to create a competitive and efficient economic region. "Certain infrastructure costs like cargo handling, power costs, port development would make sense only if the SEZ is really large in size," says Mahindra City's Dass, adding that her firm is comfortable with the current size of 1,300 acres, because "we feel that this is the size that we can optimally manage."
However, should the developer have an appetite for larger areas, there is no economic or financial rationale for the cap of 5,000 hectares. The sole reason this ceiling seems to have been incorporated is to cater to the demands of the intransigent government allies, notably the Left Front, which was caught on the back foot in its own back yard when violent protests in Nandigram broke out. Does it create problems? Not really. There were just a handful of SEZs that were larger than this cap. But, as Mukesh Khandelwal of infrastructure consulting firm, Feedback Ventures, says, "5,000 hectares is still a fair amount of land for SEZ development." Finally, if any developer wants to go round the cap, he'll find ways to do it.Q. Should the government help with land acquisition?
No. Let the farmers decide if they want to sell their land and at what price. Forcible acquisition of land, which is what the government's 'eminent domain' right ensures, will always be resisted, and rightly so. But will the government's non-involvement make land acquisition more difficult? Yes, it will. But that's a good entry barrier to SEZs, and something that will automatically prevent oversupply of SEZs into the market. However, the government may still have a limited role to play. Videocon Group Chairman, Venugopal Dhoot, who currently heads business chamber, assocham, says there are practical issues in private land acquisition, as some states have land ceiling acts on transfer of land into private hands. "The state governments should be involved at least in things like acquisition notices. The private developers can take charge of the financial transactions."
N.D. Mehra, Head Commercial & Legal, DS Constructions, believes that without government intervention the stipulation of contiguity of land-one of the requirements of the multi-product SEZs-would be affected. Contiguity is a mandatory requirement of the SEZ regulations and is critical for success. "For an SEZ to be successful it must be self-sustaining, containing all the requisite infrastructure, utilities, facilities and services."
At any rate, the combination of a cap on the maximum size of the SEZ and the government withdrawal from land acquisition is quite unsustainable. "If the government is not going to help in land acquisition then capping the maximum size does not have any logic," points out Mehra of DS Constructions.
The government, especially the Prime Minister's Office, seems to be veering around to the view that some government aid is in order especially if the private developer acquires, say, 75-80 per cent of the land required. That seems to be a reasonable demand, since private purchase would have already 'discovered' a market price for the land that the government can order the 'problematic' landowner to accept.
Q. Will there be a revenue loss to the exchequer on account of special economic zones?
This is a chicken-and-egg question. Sure, the revenues foregone on business that would come up in SEZs would be a loss. However, the question that follows then is-in the absence of the SEZ policy would that business set up shop in India at all? The finance ministry did put forth its apprehensions of a revenue loss, yet the considered view of the government was that the advantages accruing from the SEZs would far outweigh any possible revenue loss on their account.
With regard to existing businesses moving into SEZs, there are enough safeguards to ensure that domestic market-oriented companies find it prohibitively expensive to sell to the domestic tariff area after producing the goods in the SEZ. In most cases, imports would be cheaper. So these apprehensions are mostly misplaced.
HURT BY THE CEILING
Developers may still work around the ceiling problem, but these are the ones that will be the most affected.
| Reliance's Maha Mumbai project | 10,000 hectare |
| Reliance's Jhajjar (Haryana) SEZ | 10,000 hectare |
| DLF's multi-product SEZ in Gurgaon | 8,097 hectare |
| Omaxe project in Rajasthan | 6,070 hectare |
| Bharat Forge, Pune | 7,000 hectare |
Where they could have some credibility is in case of SEZs that are oriented towards it and it-enabled services. Many of them are planning to shift incremental business to SEZs due to the expiry of sops under STPIS and others. However, here too it is the overall operating business environment that makes SEZs attractive. For instance, for business process outsourcing companies, 40 per cent of the advantage of working in India comes from cost alone. If the overall operating cost in India gets mitigated by moving to an SEZ, then that is hardly bad news. As Rohit Kapoor, CFO, EXL Services, says, "Business policies are making operating in India quite expensive. Destinations such as Vietnam, the Philippines, South Africa and East European countries are becoming increasingly attractive." An it SEZ, then, will make India more attractive compared to rival countries.
Q. Are SEZ developers fighting shy of resettlement and rehabilitation expenses?
Not really. India Inc. in general is not apprehensive about adequate compensation for the land owners and users. "It is a good step as there would be greater clarity to the process," says Unitech's Chandra. Videocon's Dhoot concurs that the private sector is quite agreeable to all the possible means of appropriate compensation-market-linked land rates, employment assurances for land owners' family members and even equity options. However, "the government has to be involved in the land acquisition process," says Dhoot.
The same sentiment is echoed by Amit Mitra, Secretary General, ficci, who says that the R&R policy will formalise and put in place systems and processes for smooth transition. As it is, companies do acquire land privately even now. "We have to be inclusive in a very pragmatic manner. There is certainly a requirement for intermediation to generate employment for landless labourers or share-croppers, and public-private participation could help in such areas," Mitra adds. The bottleneck in firming up the policy is going to be at the level of the states, since so many of them need to agree on the modalities that they will have to ultimately implement.
Q. Are the long delays in firming up the SEZ policy putting off investors?
For now the investors have shown patience, as the total incentives for the SEZs outweigh those from comparable destinations. Three footwear SEZs, including Taiwanese company Apache, are moving from China to India on the back of the attractive investment policies. Ascendas, which has commitments from Japanese manufacturers, has also been waiting in the wings. The question is, how long will they wait? Too much dilly-dallying will change the climate soon enough. As it is, some investors are getting fidgety. Destinations such as Vietnam and Poland beckon. The Nike supplier from India, Lotus Footwear, apparently is looking at Vietnam as an alternate investment destination.
Investors can live with restrictions, but with uncertainty they choose not to. It's time the government ended the uncertainty over SEZs.
Are the Good Times Over?
After a three-year heady ride-for corporations, consumers and investors-the economic scenario is suddenly looking cloudy. Is the long-term India story petering out, or has the economy just paused to regain its breath?
In early 2004, Mahesh Shah (not his real name) got married to a girl his parents picked. A month later, the executive with a Mumbai-based manufacturing company moved into a Rs 20 lakh, two-bedroom apartment in suburban Mumbai. April came, and Shah was cock-a-hoop: His salary would now be bumped up by 20 per cent, taking his annual earnings to Rs 12 lakh per annum. Shah promptly plumped for the latest mid-size car on the market, a Hyundai Elantra. The wife approved. Over the next few months, the 29-year-old salted away a considerable portion of his monthly savings into equity-after all, the benchmark index was hovering around the 5,600 levels, and experts were predicting levels of 15-16,000 in three-four years. Investing in initial public offerings (IPOs) was another must-do for Shah, who impressed his wife with the killing he made in the public offering of it services giant TCS. With a fair stash left on the table as disposable income, Shah and his wife did the rounds of multiplexes, malls and fine-dining joints on weekends, often taking along visibly envious friends along on such jaunts. A year later, Mr and Mrs Shah had a baby. Their cup of joy was overflowing.
Cut to April 2007. Shah is nervously anticipating his next pay hike. Will it be 20 per cent again? It isn't as if he's done badly for himself, it's just that he needs more money-lots of it. He's paying a few thousand rupees more per month for the home he'd bought three years ago, the outgo on the car is also up, and there are sundry instalments on a three-door refrigerator, a plasma television and a recent overseas vacation to take care of. What's worse, the stock markets are stagnating and Shah is wondering whether he should just consider dumping his portfolio, the long-term India story be damned. The family's disposable income has shrunk, the trips to the malls are less frequent, the friends are no longer envious, and Shah is pondering the merits of sending his daughter to such an expensive playschool. Life can be a bitch, mutters Shah, as his wife looks on disapprovingly.
Shah isn't alone. After three years of a wild ride, the average Joes, Janes and Jyotsnas aren't in high spirits any more. Their loans on their homes, cars and household gizmos have suddenly become more expensive, their full-grain leather wallets are significantly lighter, the stocks they had invested in for the long term have become cheaper, and the recent IPOs they subscribed to are quoting at half their offer price. This isn't quite how the long-term India story was supposed to pan out.
Let's dive straight into the harsh numbers. After a rapid growth phase, of over 8.5 per cent in the last 3-4 years (from 3.8 per cent in 2002-03), the fourth largest Asian economy is poised at the doorstep of a slowdown. The Asian Development Bank (ADB) has been quick to revise downward the GDP figures to 8.0 for 2007-08 from the targeted 9.2 per cent for 2007-08. So what's spoiling the growth party? Inflation, which is well above the projected 5-5.5 per cent, and interest rates, which have climbed by almost 3 per cent in the last 18 months. High interest rates, besides hitting consumers directly, are also adversely impacting sectors like banking, real estate, consumer durables, engineering and infrastructure. A flare-up in prices of key commodities is also hurting a clutch of industrial sectors, which could result in their earnings growth slowing down. "The cost and availability of credit is becoming a matter of concern," remarks P.K. Choudhury, Vice Chairman & Group CEO, ICRA. Not helping matters are oil prices, which are once again on the boil. Analysts are now predicting that prices will breach $85 per barrel by December 2007. Foreign investors appear to have taken note of the uncertain India picture, with inflows plunging by almost 50 per cent in 2006-07 over the previous fiscal.
So is the India story in danger? Not quite, although there's still some more pain ahead. A few more bouts of interest rate hikes are on the cards. Says Kishore Biyani, Chairman, Future Group: "There is always a lag effect of monetary measures and if the current stance continues, there could be some pressure on consumption." But the good news is that the country is hardly going to slip back to the Hindu rate of growth of under 3.5 per cent that the economy witnessed between 1950 and 1980. The not so good news is that the dream run of the last three years has been halted in its tracks. Read on to get the precise picture.
Is the Bull Run Over?
If stock markets are indeed a reflection of an economy's underlying fundamentals and the prospects for earnings growth of its corporations, then the current lull in Indian equities is pefectly justifiable. After all, not only is GDP growth expected to slow down, earnings in coming quarters are also expected to be muted. The big question, however, on Dalal Street is whether the indices have just paused for breath before they slip into the next phase of growth, or whether the four-year bull run in Indian stocks is well and truly over.
To be sure, there have been signs for some time now that the markets have lost their fizz. The broader market of mid-cap and small-cap shares has been languishing for almost a year now with negative returns. This may be a direct result of the reduced inflows from foreign institutional investors (FIIs), which are down by half in the last fiscal (over the previous year). And there don't appear to be too many signs of a revival in the near future.
"Till the signs of a (economic) slowdown disappear, markets will be volatile with sentiments tending to be bearish," says Nipun Mehta, CEO, Unitis Tower, a Mumbai-based wealth management advisor. "Rising interest rates have certainly given investors a better investment earning avenue than the equity market," he adds.
Equity analysts have already begun advising their clients to move out of sectors like banking, real estate & construction, capital-intensive industries, fast moving consumer goods, it services and other sectors that appear vulnerable to weak demand conditions. "We have seen price corrections earlier but now we are in the midst of a time correction," believes Naresh Kothari, Head (Institutional Equities), Edelweiss Securities.
The lacklustre activity in the secondary market is leaving its mark on the market for IPOs. Investor appetite has slackened, and two out of three recent offerings are trading below their offer price. The mutual fund industry too is beginning to feel the tremors of a high interest rate regime, with investors preferring to take home similar returns via a tried and tested avenue: bank deposits.
Will The Retail Bubble Burst?
If you took a 10-year, Rs 10 lakh home loan a year ago, you would now be saddled with an additional burden of just under Rs 1,700 on your monthly instalment. And, last year, if you had bought a car with the aid of a four-year, Rs 6 lakh auto loan, your outgo would be higher by a cool Rs 1,000 every month. That's the effect of mounting interest rates for you. Consumers are feeling the pinch, because two of the largest retail lenders, ICICI Bank and HDFC-which control close to 80 per cent of the home loan market-don't have the luxury of low-cost deposits (which public sector banks do). Says Shailendra Bhandari, Managing Director, Centurion Bank of Punjab: "Rising interest rates do two things-they slow down demand and also increase delinquencies."
The first effect is already beginning to be felt. Market leader ICICI Bank, which has almost half of its retail assets in home loans, has seen a dip in mortgages growth, from over 30 per cent in 2005-06 to around 25 per cent in the recently-concluded year. That's still robust growth without a doubt, but according to ICICI Bank estimates, growth is expected to taper off further to just about 20 per cent this fiscal. Says Rajiv Sabharwal, Senior General Manager, ICICI Bank: "Interest rate hikes along with high real estate prices will lead to a slowdown in growth." HDFC, too, concedes that the rapid interest rate hikes along with the imminent correction in property prices, particularly commercial property prices in some pockets, will drive investors out of the market. But Renu Karnad, Executive Director, HDFC, isn't entirely convinced by the RBI's cautious moves. "The recent interest rate hikes were maybe not entirely warranted and if you see, they have not done much to control inflation either. I hope we don't see any further hikes," she says. However, she doesn't expect HDFC to take a big hit in a high-interest rate regime. "In the past, we've grown at 28-30 per cent; going forward, we should grow at about 25 per cent."
However, other categories of retail lending, like two-wheeler, car loans and consumer durables may face the heat, with not just demand for loans slowing down but also, as a result, demand for the product itself. Says Pralay Mondal, Country Head (Retail Assets & Credit Cards), HDFC Bank: "It's a price-sensitive category. People buying two-wheelers very often don't have high disposable incomes. So rate hikes will impact sales."
Will Mega-projects Be Put On Hold?
Borrowing locally for growth may not be a great option.
The infrastructure sector has shown improved growth of 7.8 per cent during April-November 2006 from 5.2 per cent in the corresponding period of the previous year. But the road ahead looks uncertain as higher levels of interest rates may result in many projects being put on the backburner.
There is an estimated $320 billion infrastructure investment planned in the next five years between 2007-12. "There may be some delay or deferment of a decision due to interest rate uncertainty, although I don't see people shelving infrastructure projects as it's the government's top priority," believes Bhaskar Ghose, Managing Director, IndusInd Bank.
Yet, short-term deferments or delays may mar the growth prospects of the engineering sector, which has been riding high on orders from industries like power, steel, ports, roads and airports. The public sector BHEL, for instance, had an order book running into Rs 55,000 crore at the end of December 2006. Larsen & Toubro had a backlog of orders worth Rs 35,700 crore in the same nine-month period.
WILL EARNINGS LOSE THEIR MOMENTUM?
Last fortnight, IT services bellwether infosys technologies scorched the Street by announcing a set of spectacular numbers, with net profits spurting 69 per cent for the fourth quarter over the previous year's corresponding period. That, however, may be one of the few slivers of sunshine on the earnings front in the quarters ahead. Reason? "The next four quarters are going to be bad for India Inc.," warns Nipun Mehta, CEO, Unitis Tower, a wealth management advisor. "The dream run of 16 impressive quarterly corporate performances will hit a speed breaker. The favourable factors that helped India Inc. post surprising results have taken a U-turn." Those factors are, of course, interest rates, inflation, and commodity prices, which have all nudged upwards into perilous territory which, in turn, will impact earnings of companies, thereby, making valuations looking overstretched. "Increasing their misery is the higher profitability base of India Inc.," says Sangeeta Purushottam, Head (Institutional Business), Religare Securities, who feels "the slowdown will be strictly sector-specific." Over the past 16 quarters, the earnings of India Inc. have averaged a cumulative growth of 40 per cent. Gagan Banga, Executive Director, Indiabulls Financial Services, expects corporate profitability to slow down in 2007-08, "to around 15-16 per cent from previous estimates of 18-20 per cent".
Is The Economy Headed For A Slowdown?
Call it political foresight or monetary balancing, but there's little denying that the wise men in charge of the Indian economy have assigned top priority to inflation over growth. There's no other choice. As Amit Tandon, Managing Director, Fitch Ratings, remarks: "Inflation pinches every soul on earth, whilst the fruits of growth don't reach everybody." So if Y.V. Reddy, Governor, Reserve Bank of India, has jacked up interest rates by 3 per cent in the past one and a half years, it's with good reason. Clearly, Reddy is attempting to slow down the gravy train of growth. And that's reflected in the revised (downwards) estimates of the gross domestic product (GDP) of various monetary agenices (see Growth is the Casualty).
So amongst the various GDP constituents, where will the tapering-off be felt the most. Answer? In manufacturing, without a doubt. Manufacturing contributes 20 per cent to GDP, agriculture another 20 per cent and services accounts for the rest. In 2006-07, the manufacturing sector grew by 10.1 per cent, up from 7.9 per cent in the previous year. Experts don't expect that breathless pace to be maintained in the current year, and predictions in the 7-8 per cent range are doing the rounds. What could come to the economy's rescue is the agriculture sector, if it's backed by a good monsoon. And Finance Minister P. Chidambaram is hopeful. Last fortnight, on a visit to Hong Kong, he remarked that "healthy agriculture growth could even push GDP to 10 per cent". That could be considered optimistic given the recent track record on the agriculture front, where growth decelerated from 3.7 per cent in 2005-06 to 2.6 per cent in 2006-07. The services sector, too, has the potential to fill in for manufacturing but here too industries like it services and it-enabled services are being buffeted by a shortage of competent and skilled manpower and rising real estate costs.
The huge shadow of a possible recession in the US also looms large over the Indian economy (Alan Greenspan, a former Chairman of the US Federal Reserve, recently said that a recession is a possibility though not a probability). The US is India's largest trading partner, with a share of over 15 per cent followed by the UAE and Singapore. The dependence of the IT and ITEs sectors on the US is also quite large. "An economic recession in the US would definitely have an adverse impact on our economic growth," believes P.K. Choudhury, Vice Chairman, ICRA. But there are experts who differ. "Any softness in us interest rates following a slowdown will result in the lowering of interest rates in the Euro zone and probably in Japan; this in a way is good news for India as interest rates will eventually go down," explains Ravi Mohan, CEO, CRISIL. Mohan adds that the reliance of world economies on the US has come down over the last 2-3 years, with Japan and parts of Europe coming into their own. "The share of the US in the overall global trade is far less than what it was some three years ago," explains Mohan.
» GDP
To slow down from 3.3 per cent to 2.2 per cent in 2007
» SLOWER CONSUMER SPENDING
Estimated to rise 2.1 per cent in 2007, the weakest increase in the current cycle and the lowest annual gain since 1991
» MOTOR VEHICLE SALES
Estimated at 16.2 million units for 2007, down from an estimated 16.5 million units in 2006
» HOUSE SALES
Estimated at 1.43 million units in 2007, down 21 per cent from the estimate of 1.82 million units made at the start of the year
» PROFIT GROWTH
To slow down to 3-5 per cent in 2007 versus an estimated 27 per cent gain in 2006
» INVENTORY INVESTMENT
To slow to an annual inventory investment of $17 billion, far below the estimated $42 billion in 2006
Source: Alliance Bernstein
"The slowdown in the us will affect China, which is a big exporter to the us and other Latin American economies," believes V.P. Singh, Director, Deloitte Touche Tohmatsu. And if China slows down, economists argue that the ripple effects could be felt back home. What's more, an overall global slowdown will simply mean reduced exports, and inflows of foreign investment (both direct and portfolio). The silver lining for India is its huge domestic market on which it can rely. But if inflation continues to rear its ugly head and interest rates keep nudging up, the domestic consumption-driven economy may just lose some steam.
Board Meetings Apr 23-30 2007
| Apr 23 2007 | Aasheesh Securities Ltd | Audited Results |
| Apr 23 2007 | Abirami Financial Services (India) Ltd | Audited Results |
| Apr 23 2007 | ANG Auto Ltd | ANG Auto Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider the following:1. To take on record the un-audited quarterly Financial Results (Provisional) of the Company for the quarter ended on March 31, 2007.2. Conversion of Warrants into Equity Shares and allotment thereof. |
| Apr 23 2007 | Bajaj Hindusthan Sugar & Industries Ltd | Quarterly Results |
| Apr 23 2007 | Bank of India | Bank of India has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 23, 2007, inter alia, to consider and approve Audited Financial Results of the Bank for the year ended March 31, 2007.Bank of India has informed BSE that the meeting of the Board of Directors of the Bank which is scheduled to be held on April 23, 2007, inter alia, to consider and approve, Audited Financial Results of the Bank for the year ended March 31, 2007 and also declaration of dividend if any.(As Per BSE Announcement Website Dated on 17/04/2007) |
| Apr 23 2007 | Bhagwati Autocast Ltd | Quarterly Results |
| Apr 23 2007 | Bihar Tubes Ltd | Quarterly Results |
| Apr 23 2007 | Bijlee Textiles Ltd | Quarterly Results |
| Apr 23 2007 | CEAT Ltd | Ceat Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to transact the following:1. To take on record the Audited Financial Results for the quarter ended March 31, 2007.2. To approve Annual Accounts for the year ended March 31, 2007.3. To consider and recommend a dividend, if any. |
| Apr 23 2007 | Cosmo Ferrites Ltd | Audited Results & Dividendcancelled(As Per BSE Bulletin Dated on 10/04/2007)Trading Members of the Exchange are request to note that in Daily Bulletin No. 65/2007 dated 09/04/2007 in the BOARD MEETINGS column, the board meeting date 23/04/2007 for the purpose - Audited Results & Dividend was erroneously mentioned against the company.Trading Members are requested to ignore the same.Inconvenience caused is regretted.(As Per Board decision BSE Bulletin Dated on 10/04/2007) |
| Apr 23 2007 | Cosmo Films Ltd | Cosmo Films Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider and approve the Audited Financial Results of the Company for the financial year ended March 31, 2007 and also to consider & recommend dividend for financial year 2006-07. |
| Apr 23 2007 | Diamond Cables Ltd | Quarterly Results |
| Apr 23 2007 | E.Com Infotech (India) Ltd | Accounts |
| Apr 23 2007 | Everest Industries Ltd | Everest Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007 to take on record the Audited Financial Results of the Company for the Financial Year ended March 31, 2007, and declaration of Dividend, if any. |
| Apr 23 2007 | G V Films Ltd | GV Films Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, to consider acquisition of library for the Web-casting Division.The Company has negotiated with an international content Company for acquiring over 8000 English films for its Web-casting Division for Internet exploitation. The library is valued to be over USD 50 Million. |
| Apr 23 2007 | Grindwell Norton Ltd | Quarterly Results |
| Apr 23 2007 | GVK Power & Infrastructure Ltd | Quarterly Results |
| Apr 23 2007 | Indian Bank | Indian Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 23, 2007, inter alia, to consider the following:1. To consider the Audited Financial Results of the Bank for the year ended March 31, 2007.2. To consider proposal of Dividend, if any, for the same period. |
| Apr 23 2007 | Indian Overseas Bank | Indian Overseas Bank (IOB) has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 23, 2007, inter alia, to consider, the Audited Financial Results of the Bank for the year ended March 31, 2007, recommend dividend for the year ended March 31, 2007, fix the date for conducting the Annual General Meeting and the period of book closure. |
| Apr 23 2007 | Jarigold Textiles Ltd | Quarterly Results |
| Apr 23 2007 | K E C International Ltd | Quartely Results |
| Apr 23 2007 | Macmillan India Ltd | Quarterly Results |
| Apr 23 2007 | Oudh Sugar Mills Ltd | Quarterly Results |
| Apr 23 2007 | Power Finance Corporation Ltd | Quarterly Results |
| Apr 23 2007 | Reliance Capital Ltd | Reliance Capital Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider, the audited financial results of the Company for the fourth quarter as also the year ended March 31, 2007 and also to recommend dividend on shares for the said period. |
| Apr 23 2007 | Rolta India Ltd | Rolta India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to take on record the Unaudited Financial Results for the third quarter ended March 31, 2007 (Q3). |
| Apr 23 2007 | Rosekamal Textiles Ltd | Quarterly Results |
| Apr 23 2007 | S & S Power Switchgear Ltd | Quarterly Results |
| Apr 23 2007 | Sakthi Finance Ltd | The draft Letter of Offer was taken up for consideration and after a perusal of the same, it was decided to finalise the Letter of Offer at the Board Meeting to be held on April 23, 2007.Sakthi Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007 to finalize and approve the Draft Letter of Offer and other things as required in connection with the offer of Rights Issue of equity shares of the Company.(As Per BSE Announcement Website Dated on 16/04/2007) |
| Apr 23 2007 | Shakti Pumps (India) Ltd | Quarterly Results |
| Apr 23 2007 | Sharon Bio-Medicine Ltd | Quarterly Results |
| Apr 23 2007 | Shree Bhawani Paper Mills Ltd | Quarterly Results |
| Apr 23 2007 | Siemens Ltd | Siemens Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider, the Unaudited Financial Results alongwith the Segmentwise Report for the 2nd Quarter (Q2) / Half-year ended on March 31, 2007. |
| Apr 23 2007 | Sika Interplant Systems Ltd | Sika Interplant Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider the following:1. To approve & take on record Un-audited quarterly / half yearly financial results for the period ended March 31, 2007.2. To take on record the order of Hon'ble High Court of Karnataka, at Bangalore, passed on March 26, 2007 sanctioning the scheme of amalgamation of M/s. Spaceciti projects private Ltd with the Company.3. To consider and approve allotment of shares to the share holders of M/s. Spaceciti Projects Pvt Ltd as per the scheme of amalgamation referred above.4. To consider application to Bombay Stock Exchange for listing of proposed issue of new shares as per the scheme of amalgamation. |
| Apr 23 2007 | South Indian Bank Ltd | South Indian Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 23, 2007, inter-alia, to consider and take on record the Audited Financial Results of the Bank, and to recommend a dividend, if any for the financial year ended on March 31, 2007. |
| Apr 23 2007 | Southern Ispat Ltd | Southern Ispat Ltd has informed BSE that the meeting of the Board of Directors of the Company scheduled to be held on April 18, 2007 has been cancelled due to certain unavoidable reasons and the same will now be held on April 23, 2007.Further the Company has informed that, the agenda for the meeting remains the same as notified in earlier notice dated April 03, 2007.(As per Board Decision BSE Bulletin dated on 19/04/2007) |
| Apr 23 2007 | Sukhjit Starch & Chemicals Ltd | Quarterly Results |
| Apr 23 2007 | TajGVK Hotels & Resorts Ltd | Audited Results |
| Apr 23 2007 | Torrent Gujarat Biotech Ltd | Quarterly Results |
| Apr 23 2007 | Umang Diaries Ltd | Audited Results |
| Apr 23 2007 | United Credit Ltd | United Credit Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider recommendation of dividend to the equity shareholders of the Company. |
| Apr 23 2007 | Unity Infraprojects Ltd | Unity Infraprojects Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, to discuss matters pertaining to routine business operations and opportunities of the Company. |
| Apr 23 2007 | Uttam Galva Steels Ltd | Audited Results |
| Apr 23 2007 | Vama Industries Ltd | Quarterly Results |
| Apr 23 2007 | Virat Crane Industries Ltd | Virat Crane Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider the following:1. Consider and take in to account the Un-Audited Results for the 4th Quarter ending March 31, 2007.2. Consider and take into account the Un-Audited Results for the Financial Year 2006-07.3. To review the progress on, on-going merger of Durga Dairy and Demerger of Infrastructure Division Documentation to be submitted to Stock Exchange. |
| Apr 23 2007 | Visisth Merchantile Ltd | Quarterly Results |
| Apr 23 2007 | West Coast Paper Mills Ltd | Quarterly Results |
| Apr 23 2007 | Wheel & Axle Textiles Ltd | Quarterly Results |
| Apr 23 2007 | Windsor Machines Ltd | Quarterly Results |
| Apr 23 2007 | XPRO India Ltd | Xpro India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider the following.1. Adoption of audited accounts of the Company for the financial year 2006-07 and also to recommend payment of Dividend, if any, for the said financial year.2. Issue of equity shares / equity linked instruments on a preferential basis to the Promoters / Promoter Group.3. Introduction of Employees Stock Option Scheme. |
| Apr 24 2007 | Allcargo Global Logistics Ltd | Quarterly Results |
| Apr 24 2007 | Aravali Securities & Finance Ltd | Quarterly Results |
| Apr 24 2007 | Arshhiya Technologies International Ltd | Quarterly Results |
| Apr 24 2007 | Arvind Products Ltd | Audited Results |
| Apr 24 2007 | Ashima Ltd | Quarterly Results |
| Apr 24 2007 | Bajaj Hindustan Ltd | Quarterly Results |
| Apr 24 2007 | Betala Global Securities Ltd | Betala Global Securities Ltd has informed BSE that a meeting the Board of Directors of the Company will be held on April 24, 2007 for allotment of new shares pursuant to Reduction of Share Capital of the Company. |
| Apr 24 2007 | Bhilwara Spinners Ltd | Audited Results |
| Apr 24 2007 | Bhoruka Steel & Services Ltd | Quarterly Results |
| Apr 24 2007 | Binani Industries Ltd | Binani Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider the Audited Financial Results of the Company for the year ended March 31, 2007 and declaration of dividend.Further the Company has informed that, the meetings of the Board of Directors of Binani Cement Ltd and Binani Zinc Ltd, the Subsidiaries of the Company are also being held on April 24, 2007 and both Companies are likely to consider the declaration of maiden dividend. |
| Apr 24 2007 | Cubex Tubings Ltd | Quarterly Results |
| Apr 24 2007 | Elder Pharmaceuticals Ltd | Elder Pharmaceuticals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, to consider the provisional un-audited financial results of the Company for the quarter / year ended March 31, 2007 and will also proposed to consider fund raising through FCCBs / QIPs / GDRs or any other kind of security instrument. |
| Apr 24 2007 | Empire Industries Ltd | Quarterly Results |
| Apr 24 2007 | Eskay K`nIT(India) Ltd | Audited Results |
| Apr 24 2007 | Essar Oil Ltd | Quarterly Results |
| Apr 24 2007 | Everest Buildcon Ltd | Quarterly Results |
| Apr 24 2007 | Everest Fintrade Ltd | Quarterly Results |
| Apr 24 2007 | Flawless Diamond (India) Ltd | Flawless Diamond India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, for Conversion of Warrants. |
| Apr 24 2007 | Garnet Construction Ltd | Quarterly Results |
| Apr 24 2007 | GMM Pfaudler Ltd | GMM Pfaudler Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider the following:1. Un-Audited Financial Results of the Company for the 4th Quarter and Financial Year ended March 31, 2007.2. To consider payment of Fourth Interim Dividend, if any.3. Fixation of Record Date for the purpose of payment of Forth Interim Dividend, if any. |
| Apr 24 2007 | HB Portfolio Ltd | HB Portfolio Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider the following business:1. Take on record and approve the Audited Financial Results of the Company for the year ended as on March 31, 2007.2. Appropriation of profits, if any, and recommendation of dividend for the year ended March 31, 2007. |
| Apr 24 2007 | HDFC Bank Ltd | HDFC Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 24, 2007, inter alia, to consider the annual accounts for the year ended on March 31, 2007 and recommend dividend for the year 2006-2007. |
| Apr 24 2007 | Hexaware Technologies Ltd | Hexaware Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, for considering, the Un-audited Financial Results (provisional) for the quarter ended March 31, 2007 (Q1). |
| Apr 24 2007 | Indiaco Ventures Ltd | Quarterly Results |
| Apr 24 2007 | Jay Ushin Ltd | Quarterly Results |
| Apr 24 2007 | Jindal Hotels Ltd | Jindal Hotels Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to transact the following business:1. To consider unaudited financial results of 4th quarter of financial year 2006-2007.2. To note compliances of statutory liabilities, of the Company.3. To consider to form Jindal Hotel Eployees Welfare Fund for the benefit of the employees.4. To consider the matter of purchase of land for proposed project. |
| Apr 24 2007 | Kale Consultants Ltd | Audited Results |
| Apr 24 2007 | Kamanwala Housing Construction Ltd | Kamanwala Housing Construction Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider and approve the following:1. Unaudited Financial Results (Provisional) of the Company for the Quarter ended March 31, 2007.2. A Scheme of Amalgamation of M/s. Doogursee Diamond Tools Ltd, a subsidiary of the Company, with the Company. |
| Apr 24 2007 | Krishna Lifestyle Technologies Ltd | Krishna Lifestyle Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider and approve Audited Financial Results of the Company for the year ended March 31, 2007 and subject to consent of the Members to be obtained through postal ballot as required under section 192A of the Companies Act, 1956 and to consider and approve the amendment in the object clause of the Memorandum and Articles of Association of the Company by addition of new object clause and for commencement of retail business. |
| Apr 24 2007 | Lifestyle Fabrics Ltd | Audited Results |
| Apr 24 2007 | Mahanagar Telephone Nigam Ltd | Mahanagar Telephone Nigam Ltd (MTNL) has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider and take on record the Unaudited Financial Results (Provisional) of the Company for the quarter ended March 31, 2007 (Q4). |
| Apr 24 2007 | Mahindra & Mahindra Financial Services Ltd | Mahindra & Mahindra Financial Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, for consideration of the audited financial results of the Company and recommendation of dividend, if any, for the year ended March 31, 2007. Since the Company will be publishing the Audited Accounts for the financial year ended March 31, 2007 within the three months period i.e., on April 24, 2007, the unaudited results for the quarter ended March 31, 2007 will not be published. |
| Apr 24 2007 | Mangalam Timber Products Ltd | Audited Results |
| Apr 24 2007 | Maruti Udyog Ltd | Maruti Udyog Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider and approve, the audited financial results for the year ended March 31, 2007 and recommending dividend, if any, on the equity shares of the Company for financial year 2006-2007. |
| Apr 24 2007 | Millars India Ltd | Quarterly ResultsMillars India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider and approve Unaudited Financial Results for the Quarter ended March 31, 2007 and appointment of additional Directors.(As Per BSE Announcement Website Dated on 17/04/2007) |
| Apr 24 2007 | N.R International Ltd | NR International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007 to consider the following items:1. To approve the Scheme of Amalgamation of Shree Maruti Steels & Castings Pvt Ltd with the Company.2. To allot the Bonus Shares to the Shareholders as on record date April 20, 2007. |
| Apr 24 2007 | Nachmo Knitex Ltd | Quarterly Results |
| Apr 24 2007 | Paradyne Infotech Ltd | Quarterly Results |
| Apr 24 2007 | Patni Computer Systems Ltd | Quarterly Results |
| Apr 24 2007 | Pearl Global Ltd | For considering the allotment of shares on account of merger of Pearl Styles Ltd. and City Estates Pvt Ltd with the Company, as per directions of Hon'ble High Court of Delhi, at New Delhi |
| Apr 24 2007 | Pee Cee Cosma Sope Ltd | Quarterly Results |
| Apr 24 2007 | Premier Ltd | Premier Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider and approve the following:1. Audited accounts for the year ended March 31, 2007.2. Recommendation of Dividend for the year 2006-2007. |
| Apr 24 2007 | Rajratan Global Wire Ltd | Rajratan Global Wire Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider the following:1. Taking on record the audited financial results of the Company for the Financial Year 2006-2007 ended on March 31, 2007.2. Consider recommendation of dividend on the equity shares of the Company for the Financial Year ended on March 31, 2007. |
| Apr 24 2007 | RSWM Ltd | Audited Results |
| Apr 24 2007 | Saksoft Ltd | Quarterly Results |
| Apr 24 2007 | Salora International Ltd | Salora International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider the following:1. To consider and approve Audited Accounts for the year ended March 31, 2007 and to take on record Audited Financial results for publication.2. To consider and recommend divided, if any for the year 2006-2007.Further the Company has informed that, in view of the publishing of Audited Financial Results for the year ended March 31, 2007, the Company will not publishing Unaudited Financial Results for the last quarter. |
| Apr 24 2007 | Samtel Color Ltd | Quarterly Results |
| Apr 24 2007 | Shaily Engineering Plastics Ltd | Shaily Engineering Plastics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, in order to convene an Extra Ordinary General Meeting of the shareholders of the Company to discuss and transact the following:1. Recommend to shareholders for Increase of Authorized Capital from Rs 10,00,00,000/- to Rs 16,00,00,000/-.2. Recommend to shareholders to Reclassify the Authorized Capital into 76,00,000 Equity Shares of Rs 10/- aggregating to Rs 7,60,00,000/- and 15,00,000, 7% Participatory Redeemable Cumulative Convertible Preference Shares of Rs 56/- each aggregating to Rs 8,40,00,000/-.3. Recommendation to shareholders for Passing of Resolution under section 81 (1A) of the Companies Act, 1956 for Preferential allotment of 7% 8,40,00,000 Participatory Redeemable Cumulative Convertible Preference Shares of Rs 56/- each to person belonging to non-promoter group.With reference to the earlier announcement dated April 17, 2007 regarding Board |
| Apr 24 2007 | Shree Krishna Paper Mills & Industries Ltd | Quarterly Results |
| Apr 24 2007 | Sun TV Ltd | Sun TV Network Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider the issue of Bonus Shares to the equity shareholders of the Company. |
| Apr 24 2007 | Supreme Petrochem Ltd | Quarterly Results |
| Apr 24 2007 | Tai Industries Ltd | Quarterly Results |
| Apr 24 2007 | Tanfac Industries Ltd | TANFAC Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider Audited Financial results for the year ending March 31, 2007 and recommendation of dividend. |
| Apr 24 2007 | Trigyn Technologies Ltd | Quarterly Results |
| Apr 24 2007 | Vans Information Ltd | Vans Information Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to transact the following business:1. To appoint Mr. Ajay Shanghavi, Mr. Satyen Gandhi, Mr. Srinivasan Ravindran, Lt. Col. (Retd.) Rameshwar Nath Kaushik, Seow Yu Moi & Mr. R C Sharma as an Additional Directors of the Company.2. To accept the resignation of Mr. Dilip Muzumdar, from the Directorship of the Company, from the Chairmanship of the Share Transfer Cum Shareholders / Investors Grievance Committee and also from the Membership of the Audit Committee of the Company.3. To accept the resignation of Mr. Dinesh Afzulpurkar, from the Directorship of the Company and from the Membership from the Audit Committee.4. To accept the resignation of Mr. Clive Wing, from the Directorship of the Company.5. To accept the resignation of Mr. Vinayak Gawande, from the Directorship of the Company and from the Membership of the Share Transfer Cum Shareholders / Inve |
| Apr 24 2007 | Western India Shipyard Ltd | Quarterly Results |
| Apr 24 2007 | Yes Bank Ltd | Audited Results |
| Apr 24 2007 | Zensar Technologies Ltd | Zensar Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 24, 2007 to consider and approve the Financial Results for the Year ended March 31, 2007 and to recommend Final Dividend, if any, to the shareholders. |
| Apr 25 2007 | 3i Infotech Ltd | Quarterly Results |
| Apr 25 2007 | Aditya Ispat Ltd | Quarterly Results |
| Apr 25 2007 | Alchemist Realty Ltd | Pan Packaging Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007 to transact the following business:1. To consider and take on record the Un-audited financial results of the Company for the quarter ended on March 31, 2007.2. Conversion of 3,52,000 Warrants into 3,52,000 Equity Shares of the face value of Rs 10/- each at a premium of Rs 99/- per Equity Share to M/s. KDS Corporation Pvt Ltd (Promoter Group Company) and 2,57,000 Warrants into 2,57,000 Equity Shares of the face value of Rs 10/- each at a premium of Rs 99/- per Equity Share to M/s. Basic Soft Solutions Pvt Ltd ( Non-Promoter Group Company) as approved by the shareholders of the Company in their Extra Ordinary General Meeting held on January 15, 2007. |
| Apr 25 2007 | Alfa-Laval (India) Ltd | Alfa Laval India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007 to take on record the unaudited financial results for the quarter ended March 31, 2007 (Q1). |
| Apr 25 2007 | Ashiana Agro Industries Ltd | Quarterly Results |
| Apr 25 2007 | Available Finance Ltd | Quarterly Results |
| Apr 25 2007 | Avery India Ltd | Audited Results |
| Apr 25 2007 | Bala Techno Finance Ltd | Quarterly Results |
| Apr 25 2007 | Best & Crompton Engineering Ltd | Quarterly Results |
| Apr 25 2007 | Bharat Immunological & Biological Corporation Ltd | Quarterly Results |
| Apr 25 2007 | Birla Leasing & Infrastructure Ltd | Quarterly Results |
| Apr 25 2007 | Brushman (India) Ltd | Quarterly Results |
| Apr 25 2007 | Carnation Nutra-Analogue Foods Ltd | Carnation Nutra Analogue Foods Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider the audited Annual Accounts of the Company for the year ended March 31, 2007 and will also recommendation of dividend on Equity Shares for the year 2006-07. |
| Apr 25 2007 | CCL Products (India) Ltd | Quarterly Results |
| Apr 25 2007 | Cholamandalam DBS Finance Ltd | Cholamandalam DBS Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, to consider and take on record the audited financial results for the year ended March 31, 2007. Further, the Board will also be considering recommendation of dividend for the financial year ended March 31, 2007, for approval of the shareholders. |
| Apr 25 2007 | Cinevistaas Ltd | Cinevistaas Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider Preferential Allotment. |
| Apr 25 2007 | D S Kulkarni Developers Ltd | DS Kulkarni Developers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider the matters relating to the business of the Company. |
| Apr 25 2007 | Dena Bank | Dena Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 25, 2007, inter alia, to consider and approve, the Audited Financial Results for the year ended March 31, 2007 and declaration of Dividend, if any. |
| Apr 25 2007 | Esquire Money Guarantees Ltd | Quarterly Results |
| Apr 25 2007 | Glenmark Pharmaceuticals Ltd | Audited Results |
| Apr 25 2007 | Godrej Consumer Products Ltd | Godrej Consumer Products Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, for the following items:1. To take on record the audited financial results for the year ended March 31, 2007.2. To consider declaration of fourth interim dividend / recommendation of final dividend for the financial year 2006-07.Further the Company has informed that, May 04, 2007 has been fixed as Record Date for the purpose of payment of fourth interim dividend.The said interim dividend, if declared, will be paid before May 24, 2007 |
| Apr 25 2007 | Grasim Industries Ltd | Grasim Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider and approve the audited accounts of the Company for the year ended March 31, 2007.Further the Company has informed that, as the Company is declaring its Audited Annual Results within 3 months from the close of the financial year, the Company will not publish the unaudited financial results for the last quarter ended on March 31, 2007. |
| Apr 25 2007 | GTL Ltd | GTL Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider the following:1. To consider Audited Financial Results for the quarter, nine months period and the year ended March 31, 2007.2. To recommend dividend, if any, on Equity Share Capital of the Company for the year ended on March 31, 2007.3. To consider Buy back of Equity Shares of the Company. |
| Apr 25 2007 | Hikal Ltd | Quarterly Results |
| Apr 25 2007 | Hindoostan Spinning and Weaving Mills Ltd | Quarterly Results |
| Apr 25 2007 | Hindusthan National Glass & Industries Ltd | Quarterly Results |
| Apr 25 2007 | Idea Cellular Ltd | Idea Cellular Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider and take on record the Unaudited Financial Results for the fourth quarter and Financial Year ended March 31, 2007. |
| Apr 25 2007 | IL & FS Investsmart Ltd | IL&FS Investsmart Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider and take on record the following:1. Approval of Audited Financial Results of the Company for the quarter and year ended March 31, 2007.3. Recommendation of payment of dividend to the Equity Shareholders of the Company for the Financial Year 2006-07. |
| Apr 25 2007 | IMP Powers Ltd | Quarterly Results |
| Apr 25 2007 | India Infoline Ltd | Audited Results |
| Apr 25 2007 | Infomedia India Ltd | Infomedia India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007 for taking on record and approving Unaudited / Audited Financial Results of the Company for the quarter ended March 31, 2007.Further the Company has informed that, at the said meeting the Board of Directors shall also consider the agenda for recommendation of dividend for the year 2006-07. |
| Apr 25 2007 | Infrastructure Development Finance Company Ltd | Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to discuss and approve the Annual Audited Accounts for the year ending March 31, 2007 and dividend for the financial year 2006-07. |
| Apr 25 2007 | J J Finance Corporation Ltd | Quarterly Results |
| Apr 25 2007 | J.K.Investo Trade (India) Ltd | Audited Results |
| Apr 25 2007 | Jai Parabolic Springs Ltd | Quarterly Results |
| Apr 25 2007 | Jamna Auto Industries Ltd | Quarterly Results |
| Apr 25 2007 | Jhagadia Copper Ltd | Quarterly Results |
| Apr 25 2007 | Jindal Drilling & Industries Ltd | Quarterly Results |
| Apr 25 2007 | Jindal South West Holdings Ltd | Quarterly Results |
| Apr 25 2007 | Kojam Fininvest Ltd | Audited Results |
| Apr 25 2007 | Mack Trading Co Ltd | Dividend & Audited ResultsMack Trading Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007 for consideration of Audited Accounts in respect of the year ended March 31, 2007 and also to consider payment of Dividend, if any.(As Per BSE Announcement Website Dated on 09/04/2007) |
| Apr 25 2007 | Maharashtra Seamless Ltd | Maharashtra Seamless Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider and take on record the Unaudited Financial Results for the Quarter / Year ended March 31, 2007. |
| Apr 25 2007 | Mahindra Gesco Developers Ltd | Mahindra Gesco Developers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider and approve the Annual Accounts of the Company and recommend dividend, if any for the year ended March 31, 2007. |
| Apr 25 2007 | Mangalore Chemicals & Fertilizers Ltd | Quarterly Results |
| Apr 25 2007 | Modella Woollens Ltd | Accounts |
| Apr 25 2007 | Mount Shivalik Industries Ltd | Quarterly Results |
| Apr 25 2007 | Nakoda Textile Industries Ltd | Quarterly Results |
| Apr 25 2007 | Nalin Lease Finance Ltd | Quarterly Results |
| Apr 25 2007 | Nalwa Sons Investments Ltd | Quarterly Results |
| Apr 25 2007 | National Aluminium Company Ltd | National Aluminium Company Ltd (NALCO) has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter-alia, to consider and take on record the Unaudited Financial Results (Provisional) for the three months ended March 31, 2007 (Q4). |
| Apr 25 2007 | Porritts & Spencer (Asia) Ltd | Audited Results |
| Apr 25 2007 | PSI Data Systems Ltd | Audited Results |
| Apr 25 2007 | Radaan Mediaworks (I) Ltd | Quarterly Results |
| Apr 25 2007 | Reliance Energy Ltd | Reliance Energy Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider and approve the Audited Financial Results of the Company for the year ended March 31, 2007 and to recommend payment of dividend, if any. |
| Apr 25 2007 | Reliance Natural Resources Ltd | Audited Results |
| Apr 25 2007 | Reliance Petroleum Ltd | Reliance Petroleum Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider, the Disclosures as required under Clause 41 and 43 of the Listing Agreement for the quarter / year ended March 31, 2007 and audited annual accounts of the Company for the year ended March 31, 2007. |
| Apr 25 2007 | Sadhana Nitro Chem Ltd | Quarterly Results |
| Apr 25 2007 | Shivalik Global Ltd | Quarterly Results |
| Apr 25 2007 | Shree Vindhya Paper Mills Ltd | Quarterly Results |
| Apr 25 2007 | Shri Jagdamba Polymers Ltd | Quarterly Results |
| Apr 25 2007 | Solvay Pharma India Ltd | Quarterly Results |
| Apr 25 2007 | Sona Koyo Steering Systems Ltd | Sona Koyo Steering Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider and approve the Audited Annual Accounts for the year ending March 31, 2007 and to recommend the dividend, if any. |
| Apr 25 2007 | SRF Ltd | SRF Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, for considering and approving the audited financial results for the year ended March 31, 2007 and recommendation of final dividend on equity shares, if any. |
| Apr 25 2007 | Standard Industries Ltd | Quarterly Results |
| Apr 25 2007 | State Bank of Bikaner and Jaipur | State Bank of Bikaner & Jaipur has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 25, 2007, inter alia, to declare dividend on Bank's shares for the financial year ended March 31, 2007. |
| Apr 25 2007 | State Bank Of Travancore | Dividend & Audited Results |
| Apr 25 2007 | Tak Machinery & Leasing Ltd | Quarterly Results |
| Apr 25 2007 | Tata Metaliks Ltd | Audited Results |
| Apr 25 2007 | Thomas Cook (India) Ltd | Quarterly Results |
| Apr 25 2007 | Tulip IT Services Ltd | Quarterly Results |
| Apr 25 2007 | Venus Remedies Ltd | Venus Remedies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2007, inter alia, to consider Unaudited Financial Results (Provisional) for the quarter ended March 31, 2007 and to consider allotment of shares under Employees Stock Options Scheme (ESOS). |
| Apr 26 2007 | ABB Ltd | ABB Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007 inter alia, to take on record the Un-audited Financial Results for the 1st Quarter ended March 31, 2007 (Q1). |
| Apr 26 2007 | Adinath Exim Resources Ltd | Quarterly Results |
| Apr 26 2007 | Ador Fontech Ltd | Ador Fontech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to transact the following:1. Adoption of financial results for the quarter ended March 31, 2007.2. Adoption of financial results (Audited) for the year ended March 31, 2007.3. Recommendation of Dividend, if any.4. Finalisation of date for the Annual General Meeting.5. Performance review. |
| Apr 26 2007 | Advani Hotels & Resorts (India) Ltd | Quarterly Results |
| Apr 26 2007 | Akruti Nirman Ltd | Quarterly Results |
| Apr 26 2007 | Aztecsoft Ltd | Aztecsoft Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider, the financial results of the Company for the fourth quarter and year ended March 31, 2007 and recommendation for declaration of dividend, if any. |
| Apr 26 2007 | Bajaj Steel Industries Ltd | Quarterly Results |
| Apr 26 2007 | Bala Techno Synthetics Ltd | Quarterly Results |
| Apr 26 2007 | Balrampur Chini Mills Ltd | Quarterly Results |
| Apr 26 2007 | BDH Industries Ltd | Quarterly Results |
| Apr 26 2007 | Bihar Caustic & Chemicals Ltd | Bihar Caustic & Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider Audited Annual accounts for the year ended March 31, 2007 and to recommended dividend, if any. |
| Apr 26 2007 | Bilpower Ltd | Bilpower Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to transact, with or without modification, the following business:1. To discuss and adopt Un-audited accounts for the quarter / half year ended on March 31, 2007 & to comply with the observations of Audit committee and Auditors in the "Limited Review Report", if any.2. To appoint additional Directors. |
| Apr 26 2007 | Bombay Polymers Ltd | Quarterly Results |
| Apr 26 2007 | Bright Brothers Ltd | Quarterly Results |
| Apr 26 2007 | Cadila Healthcare Ltd | Cadila Healthcare Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider, the audited Annual Accounts of the Company for the year ended March 31, 2007 and will also consider recommendation of dividend on Equity Shares for the year, 2006-07. |
| Apr 26 2007 | Cheviot Company Ltd | Audited Results |
| Apr 26 2007 | Chowgule Steamships Ltd | Chowgule Steamships Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, for consideration and approval of the Annual Audited Accounts and declaration of dividend, if any, for the financial year ending March 31, 2007. |
| Apr 26 2007 | Cipla Ltd | Cipla Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider Unaudited Financial Results for fourth quarter ended March 31, 2007 (Q4). |
| Apr 26 2007 | Dalal Street Investments Ltd | Audited Results & DividendDalal Street Investments Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007 for consideration of Audited Accounts in respect of the year ended March 31, 2007 and also to consider payment of Dividend, if any.(As Per BSE Announcement Website Dated on 09/04/2007) |
| Apr 26 2007 | Datanet Systems Ltd | Quarterly Results |
| Apr 26 2007 | DB (International) Stock Brokers Ltd | Quarterly Results |
| Apr 26 2007 | Deccan Aviation Ltd | Quarterly Results |
| Apr 26 2007 | Eastern Silk Industries Ltd | Quarterly Results |
| Apr 26 2007 | Elango Industries Ltd | Quarterly Results |
| Apr 26 2007 | Escorts Ltd | Escorts Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007 will consider to approve Unaudited Financial Results (Provisional) of the Second quarter (Q2) / Half year ended March 31, 2007. |
| Apr 26 2007 | Fag Bearings India Ltd | Quarterly Results |
| Apr 26 2007 | Firstsource Solutions Ltd | Audited Results |
| Apr 26 2007 | Foseco India Ltd | Foseco India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider the unaudited results for the first quarter ended March 31, 2007 and also to consider and if thought fit, to declare an interim dividend for the year 2007. |
| Apr 26 2007 | Gemstone Investment Ltd | Quarterly Results |
| Apr 26 2007 | Glance Finance Ltd | Quarterly Results |
| Apr 26 2007 | Godavari Drugs Ltd | Quarterly Results |
| Apr 26 2007 | Goodricke Group Ltd | Quarterly Results |
| Apr 26 2007 | Gujarat Poly-Avx Electronics Ltd | Quarterly Results |
| Apr 26 2007 | Harita Seating Systems Ltd | Quarterly Results |
| Apr 26 2007 | HEG Ltd | HEG Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider, approve and take on record, the audited financial results of the Company for the quarter and year ended March 31, 2007 and to consider recommendation of Dividend, if any, and to decide the Book Closure date etc. |
| Apr 26 2007 | Hella India Lighting Ltd | Quarterly Results |
| Apr 26 2007 | Hindustan Zinc Ltd | Hindustan Zinc Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, for considering the following matters:1. To approve and take on record the audited financial results of the Company for the quarter and year ended March 31, 2007.2. To propose a Final Dividend for the year ended March 31, 2007 for the approval of the shareholders at the ensuing Annual General Meeting of the Company. |
| Apr 26 2007 | Ind Bank Housing Ltd | Audited Results |
| Apr 26 2007 | Indoco Remedies Ltd | Quarterly Results |
| Apr 26 2007 | JCT Ltd | Quarterly Results |
| Apr 26 2007 | Jhunjhunwala Vanaspati Ltd | Quarterly Results |
| Apr 26 2007 | K E C Infrastructure Ltd | Quarterly Results |
| Apr 26 2007 | Kakatiya Cements Sugar & Industries Ltd | Quarterly Results |
| Apr 26 2007 | KDL Biotech Ltd | Kdl Biotech Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to transact the following:1. To take on record Un-Audited Financial Results for the quarter ended March 31, 2007.2. To take on record resignation of Director.3. To approve & appoint the Additional Director. |
| Apr 26 2007 | KPIT Cummins Infosystems Ltd | Kpit Cummins Infosystems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider and approve the following:1. Audited financial results of the Company for the quarter and year ended March 31, 2007.2. Recommendation of dividend, if any. |
| Apr 26 2007 | Landmarc Leisure Corporation Ltd | Quarterly Results |
| Apr 26 2007 | Liberty Shoes Ltd | Quarterly Results |
| Apr 26 2007 | Lincoln Pharmaceuticals Ltd | Quarterly Results |
| Apr 26 2007 | Mafatlal Industries Ltd | Quarterly Results |
| Apr 26 2007 | Mahindra Composites Ltd | Audited Results |
| Apr 26 2007 | Mahindra Forgings Ltd | Audited Results |
| Apr 26 2007 | Motor Industries Company Ltd | Motor Industries Company Ltd (MICO) has informed BSE that a meeting of the Committee of Directors Constituted for the purpose will be held on April 26, 2007 to take on record the Unaudited Financial results for the quarter ended March 31, 2007 (Q1). |
| Apr 26 2007 | Naval Technoplast Industries Ltd | Quarterly Results |
| Apr 26 2007 | NCL Industries Ltd | Quarterly Results |
| Apr 26 2007 | Nicholas Piramal India Ltd | Nicholas Piramal India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007 to consider and approve the Audited Financial Results of the Company (stand-alone and consolidated) for the financial year ended March 31, 2007. |
| Apr 26 2007 | Nissan Copper Ltd | Quarterly Results |
| Apr 26 2007 | Polar Pharma India Ltd | Quarterly Results |
| Apr 26 2007 | Reliance Industries Ltd | Reliance Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider, the Unaudited Financial Results of the Company for the quarter / year ended on March 31, 2007. |
| Apr 26 2007 | Sakthi Sugars Ltd | Quarterly Results |
| Apr 26 2007 | Shilpa Medicare Ltd | Shilpa Medicare Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider the following:1. Un-audited financial results for the 4th qtr and Financial year ended March 31, 2007.2. To consider split in the nominal/face value of Equity shares of the Company. |
| Apr 26 2007 | Shloka Infotech Ltd | Quarterly Results |
| Apr 26 2007 | Shree Ram Mills Ltd | Quarterly Results |
| Apr 26 2007 | Simmonds Marshall Ltd | Quarterly Results |
| Apr 26 2007 | SKF India Ltd | Quarterly Results |
| Apr 26 2007 | Span Diagnostics Ltd | Span Diagnostics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider the matter of Preferential Issue to promoters of financial instruments which to be converted into / exchanged with equity shares at later date. |
| Apr 26 2007 | Spel Semiconductor Ltd | Audited Results |
| Apr 26 2007 | Spenta International Ltd | Audited Results |
| Apr 26 2007 | SPL Polymers Ltd | Quarterly Results |
| Apr 26 2007 | Strides Arcolab Ltd | Quarterly Results |
| Apr 26 2007 | Sulzer India Ltd | Quarterly Results |
| Apr 26 2007 | Surbhi Industries Ltd | Audited Results |
| Apr 26 2007 | Suven Life Sciences Ltd | Quarterly Results |
| Apr 26 2007 | Timex Watches Ltd | Timex Watches Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to discuss strategic business plan for 2007 to 2009. |
| Apr 26 2007 | Upsurge Investment & Finance Ltd | Quarterly Results |
| Apr 26 2007 | Veena Textiles Ltd | Quarterly Results |
| Apr 26 2007 | Vimta Labs Ltd | Vimta Labs Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007 to consider and to take on record the audited financial results for the year ended March 31, 2007.Further the Company has informed that, the Board in its above said meeting proposed to consider recommendation of Dividend. |
| Apr 26 2007 | Walchand Peoplefirst Ltd | Walchand Peoplefirst Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007, inter alia, to consider the following:1. Unaudited financial results for quarter and nine months ended March 31, 2007.2. Audited financial results for the financial year ended March 31, 2007.3. To fix the date of Annual General Meeting of the Company.4. To fix the book closure date.5. To consider declaration of final dividend. |
| Apr 26 2007 | Wendt India Ltd | Wendt India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007 to transact the following business:1. To consider and take on record the Audited Accounts of the Company for the Financial Year ended March 31, 2007.2. To recommend dividend on Equity Shares of the Company.3. To fix the date for the closure of Register of Members and share Transfer Books of the Company.Further the Company has informed that, the Company will publish the Audited Results within April 07, hence not publishing un audited results. |
| Apr 26 2007 | Wockhardt Ltd | Wockhardt Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2007 for approving the unaudited results of the Company for the quarter ended March 31, 2007 (Q1). |
| Apr 26 2007 | Zenith Fibres Ltd | Quarterly Results |
| Apr 27 2007 | Acrow India Ltd | Quarterly Results |
| Apr 27 2007 | Ador Welding Ltd | Ador Welding Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007 to consider and approve the Annual Audited Accounts of the Company for the Financial Year ended March 31, 2007 and to recommend dividend, if any, for the financial year 2006-07. |
| Apr 27 2007 | Ajanta Pharma Ltd | Ajanta Pharma Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and approve the audited Financial Results for the year ended March 31, 2007 & recommending dividend, if any, on equity shares of the Company for the financial year 2006-07. |
| Apr 27 2007 | Albright & Wilson Chemicals India Ltd | Quarterly Results |
| Apr 27 2007 | Alchemist Ltd | Quarterly Results |
| Apr 27 2007 | Alok Industries Ltd | Alok Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider, Un-audited Financial Results (provisional) of the Company for the quarter ended March 31, 2007 (Q4). |
| Apr 27 2007 | Anant Raj Industries Ltd | Quarterly Results |
| Apr 27 2007 | Andhra Cements Ltd | Quarterly Results |
| Apr 27 2007 | Anuh Pharma Ltd | Quarterly Results |
| Apr 27 2007 | Apeego Ltd | Quarterly Results |
| Apr 27 2007 | Areva T&D India Ltd | Quarterly Results |
| Apr 27 2007 | Aunde Faze Three Autofab Ltd | Quarterly Results |
| Apr 27 2007 | Axon Infotech Ltd | Quarterly Results |
| Apr 27 2007 | B N Rathi Securities Ltd | Quarterly Results |
| Apr 27 2007 | Bhagawati Oxygen Ltd | Quarterly Results |
| Apr 27 2007 | Bhagwandas Metals Ltd | Quarterly Results |
| Apr 27 2007 | Bhagyashree Leasing & Finance Ltd | Quarterly Results |
| Apr 27 2007 | Bharti Airtel Ltd | Bharti Airtel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider and take on record the Audited Financial Results for the 4th Quarter and Financial Year ended March 31, 2007. |
| Apr 27 2007 | Bindu Synthetics Ltd | Quarterly Results |
| Apr 27 2007 | Cairn India Ltd | Cairn India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider the unaudited quarterly financial results of the Company for the period ended March 31, 2007 (Q1). |
| Apr 27 2007 | Caprolactam Chemicals Ltd | Quarterly Results |
| Apr 27 2007 | Cethar Industries Ltd | Quarterly Results |
| Apr 27 2007 | Chandrika Traders Ltd | Quarterly Results |
| Apr 27 2007 | Chase Bright Steel Ltd | Quarterly Results |
| Apr 27 2007 | Chitradurga Spintex Ltd | Quarterly Results |
| Apr 27 2007 | Container Corporation Of India Ltd | Container Corporation of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider the Un-audited Financial Results (Provisional) & Segment wise Revenue, Results & Capital Employed (Provisional), for the quarter ended on March 31, 2007 (Q4). |
| Apr 27 2007 | CRISIL Ltd | Quarterly Results |
| Apr 27 2007 | Deccan Chronicle Holdings Ltd | Deccan Chronicle Holdings Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider the following:1. To take on record the Un-audited Financial Results for the quarter ended March 31, 2007.2. Estimated and guidance for the Financial Year ending March 31, 2008.3. Change in Designation and responsibilities of Mr. T Vinayak Ravi Reddy, Managing Director and Mr. P K Iyer, Executive Director. |
| Apr 27 2007 | Dhampur Sugar (Kashipur) Ltd | Quarterly Results |
| Apr 27 2007 | DIC India Ltd | Quarterly Results |
| Apr 27 2007 | Dredging Corporation of India Ltd | Dredging Corporation of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider and take on record the unaudited quarterly financial results of the Company (provisional) for the quarter ended March 31, 2007 (Q4). |
| Apr 27 2007 | Duncans Industries Ltd | Quarterly Results |
| Apr 27 2007 | Dynamatic Technologies Ltd | Quarterly Results |
| Apr 27 2007 | Eastern Treads Ltd | Quarterly Results |
| Apr 27 2007 | Emmessar Biotech & Nutrition Ltd | Audited Results |
| Apr 27 2007 | Era Constructions (India) Ltd | Era Constructions India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to transact the following business:1. To consider and take on record the un-audited Financial Results for the quarter ended March 31, 2007.2. To consider the issue of securities of any kind as may be felt appropriate on preferential basis to promoters and / or non-promoters as per SEBI Guidelines in this regard. |
| Apr 27 2007 | Esab India Ltd | Quarterly Results |
| Apr 27 2007 | ETP Corporation Ltd | Quarterly Results |
| Apr 27 2007 | Facor Alloys Ltd | Quarterly Results |
| Apr 27 2007 | Facor Steels Ltd | Quarterly Results |
| Apr 27 2007 | Fem Care Pharma Ltd | Quarterly Results |
| Apr 27 2007 | Ferro Alloys Corporation Ltd | Quarterly Results |
| Apr 27 2007 | Ficon Lease & Finance Ltd | Quarterly Results |
| Apr 27 2007 | G G Dandekar Machine Works Ltd | GG Dandekar Machine Works Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider & take on record the Audited Financial Results for the quarter and year ended on March 31, 2007 & will also consider the recommendation of dividend on equity shares for the financial year 2006-07. |
| Apr 27 2007 | Ganesh Housing Corporation Ltd | Board meeting of the Company will be held on Friday, 27th April, 2007 to approve unaudited (provisional) financial results for the 4th quarter and year 2006-2007 |
| Apr 27 2007 | Gemini Communication Ltd | Gemini Communication Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider allotment of equity shares on conversion of equity warrants allotted on preferentially on May 17, 2006 to the promoters and others totaling 5,00,000 equity warrants of Rs 10/- at a premium of Rs 335/- per warrant and the same equity warrants were sub divided into Rs 5/- each into 10,00,000 equity warrants with effect from August 25, 2006. |
| Apr 27 2007 | Ghanshyam Steel Works Ltd | Quarterly Results |
| Apr 27 2007 | GlaxoSmithkline Consumer Healthcare Ltd | GlaxoSmithkline Consumer Healthcare Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider and take on record Unaudited Financial Results for the quarter ended March 31, 2007 (Q1) with limited review done by the Statutory Auditors. |
| Apr 27 2007 | Glaxosmithkline Pharma Ltd | GlaxoSmithKline Pharmaceuticals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider approval of unaudited financial results for the quarter ended March 31, 2007 (Q1). |
| Apr 27 2007 | Harrisons Malayalam Ltd | Harrisons Malayalam Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider the following:1. The Audited Financial Results of the Company for the year ended March 31, 2007.2. Recommendation of dividend. |
| Apr 27 2007 | HCL Infosystems Ltd | HCL Infosystems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider the following:1. Unaudited financial results for the quarter ended March 31, 2007 (Q3).2. Payment of 3rd interim dividend for the financial year 2006-2007, if any.3. Amalgamation of M/s. Stelmac Engineering Pvt Ltd., the wholly owned subsidiary with the Company.Further the Company has informed that, May 03, 2007 has been fixed as the Record Date for the purpose of payment of interim dividend, if the same is declared by the Board of Directors at their aforesaid meeting. |
| Apr 27 2007 | Hindustan Construction Company Ltd | Hindustan Construction Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and decide the following:1. To consider and approve the Annual Accounts for the financial year ended March 31, 2007.2. To consider recommendation of Dividend, if any, on the Equity Shares of the Company.3. To consider and take on record the Audited Financial Results for the financial year ended March 31, 2007. |
| Apr 27 2007 | Hitkari Industries Ltd | Quarterly Results |
| Apr 27 2007 | Hyderabad Industries Ltd | Hyderabad Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider, Audited Financial Results of the Company for the year ended March 31, 2007 and recommendation of dividend for the year 2006-07. |
| Apr 27 2007 | Indag Rubber Ltd | Audited Results |
| Apr 27 2007 | Indbank Merchant Banking Services Ltd | Audited Results |
| Apr 27 2007 | India Gelatine & Chemicals Ltd | Quarterly Results |
| Apr 27 2007 | Indo Tech Transformers Ltd | Quarterly Results |
| Apr 27 2007 | Indokem Ltd | Quarterly Results |
| Apr 27 2007 | ITD Cementation India Ltd | Quarterly Results |
| Apr 27 2007 | Javelin Technologies Ltd | Quarterly Results |
| Apr 27 2007 | Jay Shree Tea & Industries Ltd | Jay Shree Tea & Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, for the following purposes:1. To consider & approve the Profit & Loss Account & Balance Sheet of the Company for the year ended March 31, 2007.2. To recommend dividend for the year 2006-07 on equity shares. |
| Apr 27 2007 | JIK Industries Ltd | Quarterly Results |
| Apr 27 2007 | Jubilant Organosys Ltd | Jubilant Organosys Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider the following:1. Audited Financial Results of the Company for the year ended March 31, 2007.2. Recommendation of Dividend for the year ended March 31, 2007. |
| Apr 27 2007 | Katwa Udyog Ltd | Quarterly Results |
| Apr 27 2007 | L T Overseas Ltd | Audited Results |
| Apr 27 2007 | Lahoti Overseas Ltd | Quarterly Results |
| Apr 27 2007 | Lanxess ABS Ltd | Quarterly Results |
| Apr 27 2007 | Mackinnon Mackenzie & Company Ltd | Quarterly Results |
| Apr 27 2007 | Mafatlal Finance Company Ltd | Quarterly Results |
| Apr 27 2007 | Mahindra Ugine Steel Company Ltd | Mahindra Ugine Steel Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and approve the Audited Financial Results of the Company for the year ended March 31, 2007 and recommendation of final dividend, if any. |
| Apr 27 2007 | Malu Paper Mills Ltd | Quarterly Results |
| Apr 27 2007 | Manali Petrochemical Ltd | Audited Results |
| Apr 27 2007 | Master Trust Ltd | Quarterly Results |
| Apr 27 2007 | Media Video Ltd | Quarterly Results |
| Apr 27 2007 | Modern Steels Ltd | Quarterly Results |
| Apr 27 2007 | Mukesh Babu Financial Services Ltd | Quarterly Results |
| Apr 27 2007 | Munoth Capital Market Ltd | Quarterly Results |
| Apr 27 2007 | Nagarjuna Fertilizers & Chemicals Ltd | Audited ResultsNagarjuna Fertilizers & Chemicals Ltd has informed BSE that a proposal to issue 2,25,00,000 equity shares of Rs 10/- each under the Securities and Exchange Board of India, Guidelines for Preferential Issue shall be considered by the Board of Directors of the Company to be held on April 27, 2007.(As Per BSE Announcement Website Dated on 19/04/2007) |
| Apr 27 2007 | NCJ International Ltd | Quarterly Results |
| Apr 27 2007 | Nicco Parks & Resorts Ltd | Quarterly Results & Half Yearly Results |
| Apr 27 2007 | Nidhi Granites Ltd | Quarterly Results |
| Apr 27 2007 | Novopan Industries Ltd | Quarterly Results |
| Apr 27 2007 | Olympic Management & Financial Services Ltd | Quarterly Results |
| Apr 27 2007 | Oswal Yarns Ltd | Quarterly Results |
| Apr 27 2007 | Pacific Cotspin Ltd | Quarterly Results |
| Apr 27 2007 | Padmanabh Alloys & Polymers Ltd | Quarterly Results |
| Apr 27 2007 | Paper Products Ltd | Quarterly Results |
| Apr 27 2007 | Patel Integrated Logistics Ltd | Quarterly Results |
| Apr 27 2007 | Polaris Software Lab Ltd | Polaris Software Lab Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider, approve and take on record the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2007. |
| Apr 27 2007 | Polychem Ltd | Quarterly Results |
| Apr 27 2007 | Prime Industries Ltd | Quarterly Results |
| Apr 27 2007 | Prime Securities Ltd | Prime Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and approve the Audited Accounts of the Company for the year ended March 31, 2007 and also to Recommend Final Dividend on Equity Shares for the year ended March 31, 2007. |
| Apr 27 2007 | PTC India Ltd | PTC India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and take on record the audited financial results for the FY 06-07 and to consider the proposal for recommendation of dividend for the FY 06-07. |
| Apr 27 2007 | Rajvir Industries Ltd | Quarterly Results |
| Apr 27 2007 | Ranbaxy Laboratories Ltd | Ranbaxy Laboratories Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and take on record the Unaudited Financial Results (Provisional) for the first quarter ended March 31, 2007 (Q1). |
| Apr 27 2007 | Ravalgaon Sugar Farm Ltd | Quarterly Results |
| Apr 27 2007 | Raymond Ltd | Raymond Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider, approval of the Audited Financial Results of the Company for the year ended March 31, 2007 and recommendation of dividend, if any. |
| Apr 27 2007 | Richirich Inventures Ltd | Richirich Agro Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to transact the following:1. To take on record the Un-audited Statement of Accounts for the quarter ended March 31, 2007.2. To take on the record date new certificate of incorporation issued by the registrar of Companies, Maharashtra State. |
| Apr 27 2007 | Rishabh Digha Steel & Allied Products Ltd | Quarterly Results |
| Apr 27 2007 | Rose Merc. Ltd | Quarterly Results |
| Apr 27 2007 | Sagar Systech Ltd | Quarterly Results |
| Apr 27 2007 | Salora Finance Ltd | Quarterly Results |
| Apr 27 2007 | Satra Properties (India) Ltd | Satra Properties India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider the following business:1. To discuss and decide about the issue of Stock Split.2. To consider, approve and sign the Balance Sheet as at March 31, 2007 and Profit and Loss Accounts of the Company for the year ended March 31, 2007 and to give authority to sign on behalf of the Board and deliver the same to the auditors for their certificate and Report thereon.3. To consider the businesses to be transacted at the next Annual General Meeting and approve the notice of the Annual General Meeting and to fix the date, time and venue of the Meeting. |
| Apr 27 2007 | Scana Color (India) Ltd | Quarterly Results |
| Apr 27 2007 | SER Industries Ltd | Quarterly Results |
| Apr 27 2007 | Shiva Cement Ltd | It was decided to defer the consideration of unaudited financial results to the next Board meeting to he held on April 27, 2007. |
| Apr 27 2007 | Sirpur Paper Mills Ltd | Quarterly Results |
| Apr 27 2007 | SKP Securities Ltd | SKP Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and to take on record the Audited Financial Results of the Company for the Financial year ended 2006-07, consider payment of Dividend, if any, for FY 2006-2007, if any. |
| Apr 27 2007 | SKS (Ship) Ltd | Quarterly Results |
| Apr 27 2007 | Smruthi Organics Ltd | Quarterly Results |
| Apr 27 2007 | SNL Bearings Ltd | Audited Results |
| Apr 27 2007 | Specular Marketing & Financing Ltd | Quarterly Results |
| Apr 27 2007 | SPL Industries Ltd | Quarterly Results |
| Apr 27 2007 | SSI Ltd | Quarterly Results |
| Apr 27 2007 | Starchik Specialities Ltd | Starchik Specialities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, for considering the following:1. To consider and take on record the Unaudited / Audited Financial Results as at March 31, 2007.2. To consider a draft Scheme of Arrangement for Reconstruction.3. Authorization for filing of the Scheme before the High Court of Andhra Pradesh. |
| Apr 27 2007 | State Bank of Mysore | Accounts |
| Apr 27 2007 | Sterlite Projects Ltd | Quarterly Results |
| Apr 27 2007 | Stone India Ltd | Stone India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, inter alia, to consider and take on record the unaudited financial results of the Company for the quarter ended March 31, 2007 and proposed scheme of arrangement of subsidiary Company. |
| Apr 27 2007 | Stresscrete India Ltd | Quarterly Results |
| Apr 27 2007 | Subros Ltd | Quarterly Results |
| Apr 27 2007 | Sumeru Industries Ltd | Quarterly Results |
| Apr 27 2007 | Sundaram Clayton Ltd | Quarterly Results |
| Apr 27 2007 | Thyrocare laboratories Ltd | Quarterly Results |
| Apr 27 2007 | Tube Investments of India Ltd | Tube Investments of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider the following:1. Approving the audited accounts of the Company for the financial year ended March 31, 2007.2. Approving the audited financial results for the year ended March 31, 2007.3. Recommending dividend, if any, for the financial year 2006-2007. |
| Apr 27 2007 | Tuticorin Alkali Chemicals & Fertilisers Ltd | Quarterly Results |
| Apr 27 2007 | Twenty First Century Management Services Ltd | Twentyfirst Century Management Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider and approve the following business:1. To consider and approve audited financial results for the quarter ended March 31, 2007 and for the year ended March 31, 2007.2. To consider and approve final dividend for the year ended March 31, 2007.3. To consider and approve interim dividend for the financial year 2007-08. |
| Apr 27 2007 | UMS Technologies Ltd | Quarterly Results |
| Apr 27 2007 | Unipon (India) Ltd | Unipon India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to consider the resolution under the provisions of Section 293 (1) (a) and other applicable provisions of the Companies Act, 1956. |
| Apr 27 2007 | Upper Ganges Sugar & Industries Ltd | Quarterly Results |
| Apr 27 2007 | UTV Software Communications Ltd | Quarterly Results |
| Apr 27 2007 | V R Woodart Ltd | Quarterly Results |
| Apr 27 2007 | Vedant Hotels Ltd | Vedant Hotels Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007 inter alia, to transact the following business:1. To consider the Unaudited Financial Results for the quarter ended on March 31, 2007.2. To ratify actions taken by RTA.3. To review the progress in respect of various matters relating to operations of the Company. |
| Apr 27 2007 | Velan Hotels Ltd | Quarterly Results |
| Apr 27 2007 | Wall Street Finance Ltd | Quarterly Results |
| Apr 27 2007 | Wim Plast Ltd | Audited Results |
| Apr 27 2007 | Zodiac-JRD-MKJ Ltd | Quarterly Results |
| Apr 28 2007 | Ajwa Fun World & Resort Ltd | Quarterly Results |
| Apr 28 2007 | Anshuni Commercials Ltd | Quarterly Results |
| Apr 28 2007 | Arcee Industries Ltd | Quarterly Results |
| Apr 28 2007 | Automobile Corporation Of Goa Ltd | Audited Results |
| Apr 28 2007 | Avanti Feeds Ltd | Quarterly Results |
| Apr 28 2007 | Ayoki Merchantile Ltd | Quarterly Results |
| Apr 28 2007 | B & A Ltd | Quarterly Results |
| Apr 28 2007 | Bank of Baroda | Bank of Baroda has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 28, 2007, inter alia, to consider the following business:1. To consider and take on record the Audited Financial Results (Solo) for the quarter / full year ended March 31, 2007.2. To recommend Final Dividend for the F.Y. 2006-07, if any. |
| Apr 28 2007 | Bengal Tea & Fabrics Ltd | Bengal Tea & Fabrics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider and take on record the Audited Financial Results for the year ended March 31, 2007 and to recommend dividend, if any. |
| Apr 28 2007 | BF Utilities Ltd | Quarterly Results |
| Apr 28 2007 | Bijoy Hans Ltd | Quarterly Results |
| Apr 28 2007 | BNR Udyog Ltd | Quarterly Results |
| Apr 28 2007 | Bobshell Electrodes Ltd | Quarterly Results |
| Apr 28 2007 | Brilliant Securities Ltd | Quarterly Results |
| Apr 28 2007 | Can Fin Homes Ltd | Can Fin Homes Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider, taking on record the Audited financial results of the Company for the IV quarter and financial year ended March 31, 2007 and to recommend a dividend to the equity shareholders of the Company for the above period. |
| Apr 28 2007 | Ceeta Industries Ltd | Quarterly Results |
| Apr 28 2007 | Cil Securities Ltd | Quarterly Results |
| Apr 28 2007 | Corporation Bank | Corporation Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 28, 2007, inter alia, to consider, the audited financial results of the Bank for the fourth quarter and year ended March 31, 2007 and to recommend Final Dividend if any. |
| Apr 28 2007 | Credence Sound & Vision Ltd | Quarterly Results |
| Apr 28 2007 | Deep Industries Ltd | Quarterly Results |
| Apr 28 2007 | Dhanlaxmi Fabrics Ltd | Quarterly Results |
| Apr 28 2007 | Digital Multiforms Ltd | Quarterly Results |
| Apr 28 2007 | Elgi Equipments Ltd | Elgi Equipments Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, to consider the following business:1. The Audited Financial Results for the year ended March 31, 2007.2. The proposal of the Final Dividend for the year ended March 31, 2007. |
| Apr 28 2007 | Essen Supplements (India) Ltd | Essen Supplements India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to transact the following business:1. Review of operations and taking note of various activities.2. Taking note of various quarterly reports to be submitted for the 4th quarter ending March 31, 2007. |
| Apr 28 2007 | FCI OEN Connectors Ltd | Quarterly Results |
| Apr 28 2007 | Fedders Lloyd Corporation Ltd | Quarterly Results |
| Apr 28 2007 | Fertilizers & Chemicals Travancore Ltd | Fertilizers & Chemicals Travancore Ltd (FACT) has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007 to consider and take on record the Un-Audited Financial Results of the Company for the Quarter ended March 31, 2007 (Q4).Fertilizers & Chemicals Travancore Ltd (FACT) has informed BSE that the meeting of the Board of Directors of the Company which is scheduled to be held on April 27, 2007, to consider Un-audited Financial Results for the quarter ended March 31, 2007, due to unforeseen circumstance has been postponed to April 28, 2007.(As Per BSE Announcement Website Dated on 18/04/2007) |
| Apr 28 2007 | Fiberweb (India) Ltd | Audited Results & Quarterly Results quarter ended 31-03-2007 |
| Apr 28 2007 | Foods & Inns Ltd | Quarterly Results |
| Apr 28 2007 | GDL Leasing & Finance Ltd | Quarterly Results |
| Apr 28 2007 | Genus Commutrade Ltd | Quarterly Results |
| Apr 28 2007 | Gyan Developers & Builders Ltd | Quarterly Results |
| Apr 28 2007 | Hardcastle & Waud Mfg Co Ltd | Quarterly Results |
| Apr 28 2007 | Haryana Steel & Alloys Ltd | Quarterly Results |
| Apr 28 2007 | Hisar Spinning Mills Ltd | Quarterly Results |
| Apr 28 2007 | Hydro S&S Industries Ltd | Quarterly Results |
| Apr 28 2007 | ICICI Bank Ltd | ICICI Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 28, 2007, inter alia, to consider the audited annual accounts and recommendation of dividend on preference and equity shares for the financial year ended March 31, 2007. |
| Apr 28 2007 | IKAB Securities & Investment Ltd | Quarterly Results |
| Apr 28 2007 | Indo Amines Ltd | Quarterly Results |
| Apr 28 2007 | Ingersoll-Rand (India) Ltd | Ingersoll Rand India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007 for taking on record the Audited Financial Results for the quarter ended March 31, 2007 and the Audited Financial Results for the year March 31, 2007 and also to recommend a final dividend for the year ended March 31, 2007. |
| Apr 28 2007 | Jindal Saw Ltd | Jindal Saw Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider, the Unaudited Quarterly Results for the second quarter ended on March 31, 2007 (Q2). |
| Apr 28 2007 | K E W Industries Ltd | Kew Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider the following:1. To consider and take on record the unaudited financial results (Provisional) for the year ended March 31, 2007.2. To consider funds raising and acquisition / expansion plan of the Company.3. To convene the Extra Ordinary General Meeting of the Company, if required to be so convened, regarding funds raising and acquisition / expansion plan of the Company. |
| Apr 28 2007 | Kamat Hotels (India) Ltd | Quarterly Results |
| Apr 28 2007 | Karuna Cables Ltd | Quarterly Results |
| Apr 28 2007 | Karur KCP Packkagings Ltd | Quarterly Results |
| Apr 28 2007 | Khandwala Securities Ltd | Quarterly Results |
| Apr 28 2007 | KLG Systel Ltd | KLG Systel Ltd has informed BSE that a meeting of Audit Committee and Board of Directors of the Company will be held on April 28, 2007, to consider and approve the Annual Financial Results for the financial year ended March 31, 2007 and to consider the proposal for recommendation of dividend, if any, for the year ended March 31, 2007. |
| Apr 28 2007 | Kunststoffe Industries Ltd | Quarterly Results quarter ended 31-03-2007 & Audited Results |
| Apr 28 2007 | Kushagra Software Ltd | Quarterly Results |
| Apr 28 2007 | La Mere Apparels Ltd | Quarterly Results |
| Apr 28 2007 | Lloyd Electric & Engineering Ltd | Quarterly Results |
| Apr 28 2007 | Lokesh Machines Ltd | Quarterly Results |
| Apr 28 2007 | Luminaire Technologies Ltd | Quarterly Results |
| Apr 28 2007 | Mahendra Petrochemicals Ltd | Quarterly Results |
| Apr 28 2007 | Mangalam Cement Ltd | Accounts |
| Apr 28 2007 | Mapro Industries Ltd | Quarterly Results |
| Apr 28 2007 | Mawana Sugars Ltd | Quarterly Results |
| Apr 28 2007 | Micro Inks Ltd | Micro Inks Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, for consideration of un-audited financial results of the Company for the quarter ended March 31, 2007 (Q1). |
| Apr 28 2007 | Mid India Industries Ltd | Quarterly Results |
| Apr 28 2007 | Mindtree Consulting Ltd | Audited Results |
| Apr 28 2007 | Muller & Phipps (India) Ltd | Quarterly Results |
| Apr 28 2007 | Nath Seeds Ltd | Quarterly Results |
| Apr 28 2007 | Navneet Publications (India) Ltd | Quarterly Results |
| Apr 28 2007 | NDA Securities Ltd | Quarterly Results |
| Apr 28 2007 | Nettlinx Ltd | Quarterly Results |
| Apr 28 2007 | Nijjer Agro Foods Ltd | Quarterly Results |
| Apr 28 2007 | Nitin Alloys Global Ltd | Quarterly Results |
| Apr 28 2007 | Nuchem Ltd | Quarterly Results |
| Apr 28 2007 | Oasis Securities Ltd | Quarterly Results |
| Apr 28 2007 | Omni Dye-chem Exports Ltd | Quarterly Results |
| Apr 28 2007 | Parenteral Drugs (India) Ltd | Quarterly Results |
| Apr 28 2007 | Phaarmasia Ltd | Quarterly Results |
| Apr 28 2007 | Pondy Oxides & Chemicals Ltd | Quarterly Results |
| Apr 28 2007 | Prem Somani Financial Services Ltd | Quarterly Results |
| Apr 28 2007 | Premier Polyfilm Ltd | Quarterly Results |
| Apr 28 2007 | Priyadarshini Spinning Mills Ltd | Quarterly Results |
| Apr 28 2007 | Punit Commercials Ltd | Quarterly Results |
| Apr 28 2007 | R Systems International Ltd | R Systems International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider the following:1. To take on record the audited financial results of the Company & the unaudited consolidated financial results for the quarter ended March 31, 2007.2. To consider and approve an investment up to US$ 1 million for setting up of a wholly owned subsidiary Company in Belgium. |
| Apr 28 2007 | Rajasthan Tube Manufacturing Co Ltd | Quarterly Results |
| Apr 28 2007 | Sandur Manganese & Iron Ores Ltd | Quarterly Results |
| Apr 28 2007 | Sesa Goa Ltd | Quarterly Results |
| Apr 28 2007 | Shoppers Stop Ltd | Shoppers Stop Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider & approve the following:1. Audited financial results for the year ended March 31, 2007.2. Recommendation of dividend, if any, for the year 2006-07.3. Further issue of capital by rights or issue of equity or warrants or partly convertible debentures or fully convertible debenture or such other instruments and / or combination thereof as the Board may decide. |
| Apr 28 2007 | Shyamal Holdings & Trading Ltd | Quarterly Results |
| Apr 28 2007 | Simplex Castings Ltd | Quarterly Results |
| Apr 28 2007 | Solid Granites Ltd | Quarterly Results |
| Apr 28 2007 | Solitaire Machine Tools Ltd | Solitaire Machine Tools Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 28, 2007, to consider and adopt following business:1. To consider and adopt Audited Balance Sheet and Profit and Loss A/c for the year ended March 31, 2007.2. To recommend payment of Dividend on equity shares. |
| Apr 28 2007 | Sonal Adhesives Ltd | Quarterly Results |
| Apr 28 2007 | Splash Mediaworks Ltd | Quarterly Results |
| Apr 28 2007 | Stock Net International Ltd | Quarterly Results |
| Apr 28 2007 | Surya Pharmaceutical Ltd | Quarterly Results |
| Apr 28 2007 | Tanu Health Care Ltd | Quarterly Results |
| Apr 28 2007 | Taparia Tools Ltd | Quarterly Results |
| Apr 28 2007 | Techno Electric & Engineering Company Ltd | Quarterly Results |
| Apr 28 2007 | Texplast Industries Ltd | Quarterly Results |
| Apr 28 2007 | Titan BioTech Ltd | Quarterly Results |
| Apr 28 2007 | Titan Securities Ltd | Quarterly Results |
| Apr 28 2007 | Uniproducts (India) Ltd | Quarterly Results |
| Apr 28 2007 | United Textiles Ltd | Quarterly Results |
| Apr 28 2007 | Universal Starch Chem Allied Ltd | Quarterly Results |
| Apr 28 2007 | Vinyoflex Ltd | Quarterly Results |
| Apr 28 2007 | Voltamp Transformers Ltd | Quarterly ResultsTrading Members of the Exchange are request to note that in Daily Bulletin No. 72/2007 dated 18/04/2007 in the BOARD MEETINGS column, the board meeting date 20/04/2007 for the purpose - Quarterly Results were erroneouslymentioned instead of 28/04/2007 against the company. Trading Members are requested to note the same.Inconvenience caused is regretted. |
| Apr 28 2007 | Wearology Ltd | Quarterly Results |
| Apr 28 2007 | Yash Management & Satelite Ltd | Quarterly Results |
| Apr 28 2007 | Zenith Health Care Ltd | Quarterly Results |
| Apr 29 2007 | Devaki Hospital Ltd | Devaki Hospital Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29, 2007, inter alia, to consider the unaudited financial results of the Company for the quarter ended March 31, 2007 and appointment of new directors and resignation of all the existing directors in lieu of the change in the management. |
| Apr 29 2007 | Mayur Floorings Ltd | Quarterly Results |
| Apr 29 2007 | Nucleus Software Exports Ltd | Audited Results |
| Apr 30 2007 | AD Manum Finance Ltd | Quarterly Results |
| Apr 30 2007 | Aditya Birla Nuvo Ltd | Aditya Birla Nuvo Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider and approve Audited Financial Result of the Company for the year ended on March 31, 2007. |
| Apr 30 2007 | Advance Multitech Ltd | Quarterly Results |
| Apr 30 2007 | Advance Petrochemicals Ltd | Quarterly Results |
| Apr 30 2007 | Aftek Ltd | Quarterly Results |
| Apr 30 2007 | Ajanta Soya Ltd | Quarterly Results |
| Apr 30 2007 | Akar Tools Ltd | Quarterly Results |
| Apr 30 2007 | Alfa Ica (India) Ltd | Quarterly Results |
| Apr 30 2007 | Alka Securities Ltd | Quarterly Results |
| Apr 30 2007 | Allianz Capital & Management Services Ltd | Quarterly Results |
| Apr 30 2007 | Allianz Securities Ltd | Quarterly Results |
| Apr 30 2007 | Alpha Graphic India Ltd | Quarterly Results |
| Apr 30 2007 | Alstom Projects India Ltd | Audited Results & Dividend |
| Apr 30 2007 | Amarjothi Spinning Mills Ltd | Quarterly Results |
| Apr 30 2007 | Amines & Plasticizers Ltd | Quarterly Results |
| Apr 30 2007 | Amit Securities Ltd | Quarterly Results |
| Apr 30 2007 | Ancent Software International Ltd | Quarterly Results |
| Apr 30 2007 | Andhra Bank | Andhra Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 30, 2007, to consider and take on record, the audited Financial Results of the Bank and the Segment wise Financial Report for the year ended March 31, 2007, and to recommend Final Dividend for the year 2006-07, if any. |
| Apr 30 2007 | Anil Modi Oil Industries Ltd | Quarterly Results |
| Apr 30 2007 | Anjani Finance Ltd | Quarterly Results |
| Apr 30 2007 | Ankush Finstock Ltd | Quarterly Results |
| Apr 30 2007 | Antarctica Ltd | Quarterly Results |
| Apr 30 2007 | Anukaran Commercial Enterprises Ltd | Quarterly Results |
| Apr 30 2007 | Arihant Capital Markets Ltd | Quarterly Results |
| Apr 30 2007 | Arihant Tournesol Ltd | Quarterly Results |
| Apr 30 2007 | Artillegence Bio-Innovations Ltd | Quarterly Results |
| Apr 30 2007 | Ashirwad Capital Ltd | Quarterly Results |
| Apr 30 2007 | Asian Tea & Exports Ltd | Quarterly Results |
| Apr 30 2007 | Associated Alcohols & Breweries Ltd | Audited Results |
| Apr 30 2007 | Astra Microwave Products Ltd | Astra Microwave Products Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to conduct the following business:1. To take on record the Audited Financial Results for the fourth quarter and yearended March 31, 2007.2. To recommend payment of equity dividend for the year ended March 31, 2007. |
| Apr 30 2007 | Astrazeneca Pharma India Ltd | Quarterly Results |
| Apr 30 2007 | Auro Laboratories Ltd | Quarterly Results |
| Apr 30 2007 | Auto Pins (India) Ltd | Quarterly Results |
| Apr 30 2007 | Automotive Axles Ltd | Quarterly Results |
| Apr 30 2007 | Avaya GlobalConnect Ltd | Quarterly Results |
| Apr 30 2007 | B & A Multiwall Packaging Ltd | Quarterly Results |
| Apr 30 2007 | Bagalkot Udyog Ltd | Quarterly Results |
| Apr 30 2007 | BAMPSL Securities Ltd | Quarterly Results |
| Apr 30 2007 | Bee Electronic Machines Ltd | Quarterly Results |
| Apr 30 2007 | Best Eastern Hotels Ltd | Quarterly Results |
| Apr 30 2007 | Bharat Electronics Ltd | Bharat Electronics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2007, to approve the unaudited financial results of the Company for the quarter ended March 31, 2007 (Q4).Bharat Electronics Ltd has informed BSE that the meeting of the Board of Directors of the Company which is scheduled to be held on April 27, 2007, to approve the unaudited financial results of the Company for the quarter ended March 31, 2007 (Q4), due to some unavoidable circumstances reasons has been rescheduled and will now be held on "April 30, 2007", instead of "April 27, 2007".(As Per BSE Announcement Website Dated on 13/04/2007) |
| Apr 30 2007 | Bharat Rasayan Ltd | Quarterly Results |
| Apr 30 2007 | Bhatinda Chemicals Ltd | Quarterly Results |
| Apr 30 2007 | Bihar Sponge Iron Ltd | Quarterly Results |
| Apr 30 2007 | Bliss GVS Pharma Ltd | Quarterly Results |
| Apr 30 2007 | Bombay Potteries & Tiles Ltd | Quarterly Results |
| Apr 30 2007 | Bosch Chassis Systems India Ltd | Quarterly Results |
| Apr 30 2007 | Brakes Auto (India) Ltd | Quarterly Results |
| Apr 30 2007 | BSL Ltd | BSL Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, to approve Audited Financial Results for the year ended March 31, 2007 and will also consider the matter for recommendation of dividend, if any. |
| Apr 30 2007 | C & C Constructions Ltd | Quarterly Results |
| Apr 30 2007 | C J Gelatine Products Ltd | Quarterly Results |
| Apr 30 2007 | Caplin Point Laboratories Ltd | Quarterly Results |
| Apr 30 2007 | Carborundum Universal Ltd | Carborundum Universal Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, to approve the audited financial results of the Company for the financial year ended March 31, 2007 and would also consider recommending a dividend for the financial year ended March 31, 2007. |
| Apr 30 2007 | Castrol India Ltd | Castrol India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to take on record the unaudited results for the quarter from January 01, 2007 to March 31, 2007 (Q1). |
| Apr 30 2007 | Cenlub Industries Ltd | Quarterly Results |
| Apr 30 2007 | Centenial Surgical Suture Ltd | Quarterly Results |
| Apr 30 2007 | CESC Ltd | CESC Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to take on record the Unaudited Financial Results of the Company for the quarter ended March 31, 2007 (Q4). |
| Apr 30 2007 | Chamatkar.net (India) Ltd | Quarterly Results |
| Apr 30 2007 | Chartered Carriers Ltd | Quarterly Results |
| Apr 30 2007 | Chembond Chemicals Ltd | Quarterly Results |
| Apr 30 2007 | Choice International Ltd | Quarterly Results |
| Apr 30 2007 | Chokhani Securities Ltd | Quarterly Results |
| Apr 30 2007 | Choksi Laboratories Ltd | Quarterly Results |
| Apr 30 2007 | Classic Electricals Ltd | Quarterly Results |
| Apr 30 2007 | Competent Automobiles Ltd | Quarterly Results |
| Apr 30 2007 | Computerskill Ltd | Quarterly Results |
| Apr 30 2007 | Core Emballage Ltd | Core Emballage Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to transact the following business:1. Adoption of Audited Balance Sheet, Profit and Loss Account and Notes on Accounts for the year ended on March 31, 2007.2. To decide date of Book closure.3. To Consider Audited Financial Results.4. To decide date, time and place of Annual General Meeting (AGM).5. To decide on directors retire by rotation and their re-appointment.6. To reappoint of Auditor and to fix their remuneration.7. To take note of Limited Review Reports for the quarter ended on December 31, 2006 and take note of any qualification.8. To appoint a Compliance Officer of the Company. |
| Apr 30 2007 | COSCO (India) Ltd | Quarterly Results |
| Apr 30 2007 | Cupid Ltd | Quarterly Results |
| Apr 30 2007 | Deccan Bearings Ltd | Quarterly Results |
| Apr 30 2007 | Deco-Mica Ltd | Quarterly Results |
| Apr 30 2007 | Denisons Hydraulics India Ltd | Quarterly Results |
| Apr 30 2007 | Devine Impex Ltd | Quarterly Results |
| Apr 30 2007 | Dhampure Speciality Sugars Ltd | Quarterly ResultsDhampure Specialty Sugars Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the business reorganisation and / or corporate restructuring.(As Per BSE Announcement Website Dated on 20/04/2007) |
| Apr 30 2007 | Dhanalaxmi Roto Spinners Ltd | Quarterly Results |
| Apr 30 2007 | Dhanlaxmi Cotex Ltd | Quarterly Results |
| Apr 30 2007 | Dhanprayog Investments Company Ltd | Quarterly Results |
| Apr 30 2007 | Dhoot Industrial Finance Ltd | Quarterly Results |
| Apr 30 2007 | Dynavision Ltd | Quarterly Results |
| Apr 30 2007 | East Coast Steel Ltd | Quarterly Results |
| Apr 30 2007 | Elcid Investments Ltd | Quarterly Results |
| Apr 30 2007 | Elegant Marbles and Grani Industries Ltd | Quarterly Results |
| Apr 30 2007 | EMA India Ltd | EMA India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007 to take on record Audited Financial Results of the Company for the financial year ended March 31, 2007 and to consider and propose final Dividend on Equity Shares for the year 2006-2007. |
| Apr 30 2007 | Enkei Castalloy Ltd | Quarterly Results |
| Apr 30 2007 | Enrich Industries Ltd | Quarterly Results |
| Apr 30 2007 | Explicit Finance Ltd | Quarterly Results |
| Apr 30 2007 | Federal-Mogul Goetze (India) Ltd | Quarterly Results |
| Apr 30 2007 | Flat Products Equipments (India) Ltd | Quarterly Results |
| Apr 30 2007 | Forbes Gokak Ltd | Quarterly Results |
| Apr 30 2007 | Frontier Leasing & Finance Ltd | Quarterly Results |
| Apr 30 2007 | Frontline Corporation Ltd | Quarterly Results |
| Apr 30 2007 | Galaxy Bearings Ltd | Quarterly Results |
| Apr 30 2007 | Gandhinagar Hotels Ltd | Quarterly Results |
| Apr 30 2007 | Gandhinagar Leasing & Finance Ltd | Quarterly Results |
| Apr 30 2007 | Garg Furnace Ltd | Quarterly Results |
| Apr 30 2007 | Garware Polyester Ltd | Quarterly Results |
| Apr 30 2007 | Gee El Woolens Ltd | Quarterly Results |
| Apr 30 2007 | Geefcee Finance Ltd | Geefcee Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the Financial Results for the Quarter and Year ended March 31, 2007 and for consideration of dividends, if any. |
| Apr 30 2007 | Geometric Software Solutions Company Ltd | Geometric Software Solutions Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to transact the following:1. Consider & approve the audited financial results of the Company for the year ended March 31, 2007.2. Recommend Dividend. |
| Apr 30 2007 | Gillette India Ltd | Gillette India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, to consider and record the unaudited accounts for the quarter / fifteen months ended March 31, 2007. |
| Apr 30 2007 | Gini Silk Mills Ltd | Quarterly Results |
| Apr 30 2007 | Girdharilal Sugar & Allied Industries Ltd | Quarterly Results |
| Apr 30 2007 | Goyal Associates Ltd | Quarterly Results |
| Apr 30 2007 | Grabal Alok Impex Ltd | Quarterly Results |
| Apr 30 2007 | GSL Securities Ltd | Quarterly Results |
| Apr 30 2007 | Gujarat Apollo Industries Ltd | Quarterly Results |
| Apr 30 2007 | Gujarat Gas Company Ltd | Gujarat Gas Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007 after the Annual General Meeting, inter alia, to consider the following:1. Approval of the unaudited financial results of the Company for the first quarter ended on March 31, 2007 (Q1).2. Determining the record date for sub-division of equity shares from the present nominal value of Rs 10/- per share to Rs 2/- per share. This agenda shall be considered by the Board of Directors of the Company on approval of the shareholders at the Annual General Meeting of the Company. |
| Apr 30 2007 | Gummadi Industries Ltd | Quarterly Results |
| Apr 30 2007 | H. S. India Ltd | Quarterly Results |
| Apr 30 2007 | Hansaflon Plasto Chem Ltd | Quarterly Results |
| Apr 30 2007 | Hariyana Ship Breakers Ltd | Quarterly Results |
| Apr 30 2007 | Harvic Management Services (India) Ltd | Harvic Management Services India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the following:1. The Proposal of submission of un-audited results for the quarter ended March 31, 2007.2. The Proposal of re-appointment of Mr. Hemang Jangla as an Executive Director w.e.f. July 01, 2007. |
| Apr 30 2007 | Helios & Matheson Information Technology Ltd | Helios & Matheson Information Technology Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to take on record the unaudited results of the Company for the quarter and year ended March 31, 2007 and consider payment of an interim dividend. |
| Apr 30 2007 | Hindustan Appliances Ltd | Quarterly Results |
| Apr 30 2007 | Hindustan Hardy Spicer Ltd | Hindustan Hardy Spicer Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider and take on record the following:1. Audited Financial Results for the year ended March 31, 2007.2. Declaration of Dividend for the financial year ended March 31, 2007. |
| Apr 30 2007 | Ideal Carpets Ltd | Quarterly Results |
| Apr 30 2007 | IMC Finance Ltd | Quarterly Results |
| Apr 30 2007 | Inani Securities Ltd | Quarterly Results |
| Apr 30 2007 | Ind-Swift Ltd | Quarterly Results |
| Apr 30 2007 | India Lease Development Ltd | Quarterly Results |
| Apr 30 2007 | Inducto Steel Ltd | Quarterly Results |
| Apr 30 2007 | Industrial & Prudential Investment Company Ltd | Industrial & Prudential Investment Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007 to consider the following:1. Consider & approve the Audited Financial Results for the 4th Quarter ended March 31, 2007.2. Annual Accounts for the year ended March 31, 2007.3. Recommendation of Dividend for the year ended March 31, 2007. |
| Apr 30 2007 | Integra Hindustan Control Ltd | Integra Hindustan Control Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider, the following:1. To Consider and take on record Audited Financial Results of the Quarter ended onMarch 31, 2007.2. To consider and approve Audited Balance Sheet of the Company as at March 31, 2007 and the Profit & Loss Account for the Year ended on that date and all annexures thereto.3. To consider and if thought fit, to recommend Dividend on Equity Shares of the Company.4. To consider and decide on Closure of Register of Members and Share Transfer Books.5. To fix Date, Time and Place of the Twentieth Annual General Meeting and approve the Draft Notice calling Annual General Meeting. |
| Apr 30 2007 | Interlink Petroleum Ltd | Quarterly Results |
| Apr 30 2007 | Ishita Drugs & Industries Ltd | Quarterly Results |
| Apr 30 2007 | Ishwar Bhuvan Hotels Ltd | Quarterly Results |
| Apr 30 2007 | J.K. Agri Genetics Ltd | Quarterly Results |
| Apr 30 2007 | Jaidka Industries Ltd | Quarterly Results |
| Apr 30 2007 | Jainex Aamcol Ltd | Quarterly Results |
| Apr 30 2007 | JCT Electronics Ltd | JCT Electronics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, to take on record the unaudited financial results for the quarter and year ended March 31, 2007 and also place the rehabilitation scheme approved by the Hon'ble BIFR for further action and implementation. |
| Apr 30 2007 | Jeet Machine Tools Ltd | Quarterly Results |
| Apr 30 2007 | Jupiter Industries & Leasing Ltd | Quarterly Results |
| Apr 30 2007 | Jyoti Cosmetics (Exim) Ltd | Quarterly Results |
| Apr 30 2007 | Jyoti Resins and Adhesives Ltd | Quarterly Results |
| Apr 30 2007 | K.B.Steel Ltd | Quarterly Results |
| Apr 30 2007 | Kachchh Minerals Ltd | Quarterly Results |
| Apr 30 2007 | Kajal Synthetics & Silk Mills Ltd | Quarterly Results |
| Apr 30 2007 | Kalptaru Papers Ltd | Quarterly Results |
| Apr 30 2007 | Kansal Fibres Ltd | Quarterly Results |
| Apr 30 2007 | Kanumanek Trading Company Ltd | Quarterly Results |
| Apr 30 2007 | Kennametal India Ltd | Quarterly Results |
| Apr 30 2007 | Keynote Corporate Services Ltd | Quarterly Results |
| Apr 30 2007 | Khaitan Chemicals & Fertilizers Ltd | Khaitan Chemicals & Fertilizers Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider and adopt the accounts for the year ended March 31, 2007, and to take note of "Audited Results" to be published.Further the Company has informed that, the Board may also recommend dividend on equity shares in its meeting to be held on April 30, 2007. |
| Apr 30 2007 | Khatau Exim Ltd | Quarterly Results |
| Apr 30 2007 | KND Engineering Technologies Ltd | Quarterly Results |
| Apr 30 2007 | Kovai Medical Center & Hospital Ltd | Quarterly Results |
| Apr 30 2007 | Kovalam Investment & Trading Co. Ltd | Quarterly Results |
| Apr 30 2007 | Krishna Filaments Ltd | Quarterly Results |
| Apr 30 2007 | Krypton Industries Ltd | Quarterly Results |
| Apr 30 2007 | KSB Pumps Ltd | Board Meeting will be held on Monday 30th April.2007To consider Unaudited Financial Results(Provisional) for the quarter ended on 31st March2007 |
| Apr 30 2007 | Lakeland Hotels Ltd | Quarterly Results |
| Apr 30 2007 | Lalit Polymers & Electronics Ltd | Quarterly Results |
| Apr 30 2007 | Lanco Industries Ltd | Lanco Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the audited results for quarter & year ended March 31, 2007 and recommend dividend for the financial year ended on that date. |
| Apr 30 2007 | Lancor Holdings Ltd | Quarterly Results |
| Apr 30 2007 | Laurel Organics Ltd | Quarterly Results |
| Apr 30 2007 | Leena Consultancy Ltd | Quarterly Results |
| Apr 30 2007 | Lintas Mercantile Ltd | Quarterly Results |
| Apr 30 2007 | Lords Chemicals Ltd | Quarterly Results |
| Apr 30 2007 | Lyka Labs Ltd | Quarterly Results |
| Apr 30 2007 | M B Parikh Finstock Ltd | Quarterly Results |
| Apr 30 2007 | Madhucon Projects Ltd | Quarterly Results |
| Apr 30 2007 | Mahanivesh (India) Ltd | Mahanivesh India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the following:1. Financial Results for the Quarter and year ended March 31, 2007.2. Dividends.3. Investment in further Infrastructure Projects. |
| Apr 30 2007 | Majjarrrsha Housing Finance Ltd | Quarterly Results |
| Apr 30 2007 | Mangalam Ventures Ltd | Quarterly Results |
| Apr 30 2007 | Marigold Glass Industries Ltd | Quarterly Results |
| Apr 30 2007 | Market Creators Ltd | Market Creators Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007 to transact/consider the following:1. Adoption of Quarterly result as on March 31, 20072. Business Plan. |
| Apr 30 2007 | Maruti Infrastructure Ltd | Quarterly Results |
| Apr 30 2007 | Medi Caps Ltd | Quarterly Results |
| Apr 30 2007 | Mefcom Capital Markets Ltd | Quarterly Results |
| Apr 30 2007 | Metalman Industries Ltd | Quarterly Results |
| Apr 30 2007 | Mid East Portfolio Management Ltd | Quarterly Results |
| Apr 30 2007 | Minaxi Textiles Ltd | Minaxi Textiles Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, to consider the Un-Audited Quarterly Financial Results of the Company for the Fourth quarter ended on March 31, 2007 and to discuss the expansion project and diversification for the growth of the Company. |
| Apr 30 2007 | MMTC Ltd | Quarterly Results |
| Apr 30 2007 | Modern Dairies Ltd | Modern Dairies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the following business:1. To consider and take on record the Un-audited Financial Results of the Company for the Quarter ended March 31, 2007.2. To consider SEBI observations on the draft Letter of Offer for the Rights Issue. |
| Apr 30 2007 | Moongipa Capital Finance Ltd | Quarterly Results |
| Apr 30 2007 | Morgan Ventures Ltd | Quarterly Results |
| Apr 30 2007 | MphasiS Ltd | Mphasis Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider, the Audited Financial Results for the quarter and year ended March 31, 2007. |
| Apr 30 2007 | Mrugesh Trading Ltd | Quarterly Results |
| Apr 30 2007 | MSK Projects (India) Ltd | Quarterly Results |
| Apr 30 2007 | My Fair Lady Ltd | Quarterly Results |
| Apr 30 2007 | National Flask Industries Ltd | Quarterly Results |
| Apr 30 2007 | National Plywood Industries Ltd | Quarterly Results |
| Apr 30 2007 | Natraj Proteins Ltd | Quarterly Results |
| Apr 30 2007 | Neo Sack Ltd | Quarterly Results |
| Apr 30 2007 | NEPC Agro Foods Ltd | Quarterly Results |
| Apr 30 2007 | NEPC Textiles Ltd | Quarterly Results |
| Apr 30 2007 | NEPC-India Ltd | Quarterly Results |
| Apr 30 2007 | Nestle India Ltd | Nestle India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007 to consider the Unaudited Financial Results of the Company for the First Quarter (Q1) ended on March 31, 2007. |
| Apr 30 2007 | New Bombay Printing & Dyeing Mills Ltd | Quarterly Results |
| Apr 30 2007 | Nicco Corporation Ltd | Accounts |
| Apr 30 2007 | Nilkanth Engineering Ltd | Quarterly Results |
| Apr 30 2007 | Nivi Trading Ltd | Audited Results |
| Apr 30 2007 | Noida Toll Bridge Company Ltd | Audited Results |
| Apr 30 2007 | Norben Tea & Exports Ltd | Quarterly Results |
| Apr 30 2007 | Nouveau Multimedia Ltd | Quarterly Results |
| Apr 30 2007 | Nutraplus Products (India) Ltd | Quarterly Results |
| Apr 30 2007 | Oregon Commercials Ltd | Quarterly Results |
| Apr 30 2007 | Orient Beverages Ltd | Quarterly Results |
| Apr 30 2007 | Orient Paper & Industries Ltd | Orient Paper & Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider draft Annual Report & Accounts of the Company for the year ended March 31, 2007 and declaration of Dividend if any. |
| Apr 30 2007 | Orient Press Ltd | Quarterly Results |
| Apr 30 2007 | Orind Exports Ltd | Quarterly Results |
| Apr 30 2007 | P I Drugs & Pharmaceuticals Ltd | Quarterly Results(Cancelled)(As Per BSE Bulletin Dated on 17/04/2007) |
| Apr 30 2007 | Panchsheel Organics Ltd | Quarterly Results |
| Apr 30 2007 | Parker Agrochem Exports Ltd | Quarterly Results |
| Apr 30 2007 | Parry Agro Industries Ltd | Parry Agro Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, for considering the Audited quarterly / yearly results of the Company for the quarter / year ended March 31, 2007 and declaration of dividend, if any. |
| Apr 30 2007 | Pentium Infotech Ltd | Quarterly Results |
| Apr 30 2007 | Permanent Magnets Ltd | Quarterly Results |
| Apr 30 2007 | Petron Engineering Construction Ltd | Quarterly Results |
| Apr 30 2007 | Pithampur Steels Ltd | Quarterly Results |
| Apr 30 2007 | Polyspin Exports Ltd | Quarterly Results |
| Apr 30 2007 | Polytex India Ltd | Quarterly Results |
| Apr 30 2007 | Powersoft Global Solutions Ltd | Quarterly Results |
| Apr 30 2007 | Pranavaditya Spinning Mills Ltd | Quarterly Results |
| Apr 30 2007 | Pratiksha Chemicals Ltd | Quarterly Results |
| Apr 30 2007 | Precision Containeurs Ltd | Quarterly Results |
| Apr 30 2007 | Premier Capital Services Ltd | Quarterly Results |
| Apr 30 2007 | Premier Industries (India) Ltd | Quarterly Results |
| Apr 30 2007 | Premier Proteins Ltd | Quarterly Results |
| Apr 30 2007 | Pressure Sensitive Systems (India) Ltd | Quarterly Results |
| Apr 30 2007 | Procal Electronics India Ltd | Quarterly Results |
| Apr 30 2007 | Procter & Gamble Hygiene and Health Care Ltd | Procter & Gamble Hygiene & Health Care Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007 to consider and record the unaudited accounts for the quarter (Q3) / nine months ended March 31, 2007. |
| Apr 30 2007 | Prraneta Industries Ltd | Quarterly Results |
| Apr 30 2007 | PTL Enterprises Ltd | Audited Results |
| Apr 30 2007 | Pulsar International Ltd | Quarterly Results |
| Apr 30 2007 | Quantum Digital Vision India Ltd | Quarterly Results |
| Apr 30 2007 | Radhe Developers (India) Ltd | Quarterly Results |
| Apr 30 2007 | Rainbow Papers Ltd | Quarterly Results |
| Apr 30 2007 | Raj Agro Mills Ltd | Quarterly Results |
| Apr 30 2007 | Rajkamal Synthetics Ltd | Quarterly Results |
| Apr 30 2007 | Rapicut Carbides Ltd | Quarterly Results |
| Apr 30 2007 | RAS Extrusions Ltd | Quarterly Results |
| Apr 30 2007 | Ras Propack Lamipack Ltd | Quarterly Results |
| Apr 30 2007 | Ras Resorts & Apart Hotels Ltd | Quarterly Results |
| Apr 30 2007 | Rathi Graphic Technologies Ltd | Quarterly Results |
| Apr 30 2007 | Rathi Udyog Ltd | Quarterly Results |
| Apr 30 2007 | Regal Entertainment & Consultants Ltd | Quarterly Results |
| Apr 30 2007 | Reliance Communication Ltd | Reliance Communications Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider, the Audited Financial Results for the quarter and year ended March 31, 2007 and for declaration of maiden dividend on Equity Shares, within the first year of listing of the Equity Shares of the Company.The current financial year of the Company was for the period of 15 months from January 01, 2006 to March 31, 2007.The Board of Directors of the Company will also consider Audited Consolidated Financial Results of the Company for the quarter and year ended March 31, 2007. |
| Apr 30 2007 | Relic Technologies Ltd | Relic Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the following:1. To take on record unaudited financial results of the Company for the quarter ended on March 31, 2007.2. The proposal for final call money on Convertible Warrants. To issue notice as final reminder and if no response then to forfeit the application money. |
| Apr 30 2007 | Responsive Industries Ltd | Quarterly Results |
| Apr 30 2007 | Rexnord Electronics & Controls Ltd | Quarterly Results |
| Apr 30 2007 | Riba Textiles Ltd | Quarterly Results |
| Apr 30 2007 | Riga Sugar Company Ltd | Quarterly Results |
| Apr 30 2007 | Rollatainers Ltd | Quarterly Results |
| Apr 30 2007 | Roopa Industries Ltd | Quarterly Results |
| Apr 30 2007 | Roselabs Finance Ltd | Quarterly Results |
| Apr 30 2007 | Roselabs Ltd | Quarterly Results |
| Apr 30 2007 | Ruchira Papers Ltd | Quarterly Results |
| Apr 30 2007 | S S Forgings & Engineering Ltd | Quarterly Results |
| Apr 30 2007 | SAARC Net Ltd | Quarterly Results |
| Apr 30 2007 | Sacheta Metals Ltd | Quarterly Results |
| Apr 30 2007 | Sahil Financial Services Ltd | Quarterly Results |
| Apr 30 2007 | Samyak International Ltd | Quarterly Results |
| Apr 30 2007 | Sandesh Ltd | Sandesh Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider take on record the Audited Financial Results for the financial year ended March 31, 2007 and recommendation of dividend, if any, for the financial year ended March 31, 2007. |
| Apr 30 2007 | Sandu Pharmaceuticals Ltd | Quarterly Results |
| Apr 30 2007 | Sanjivani Paranteral Ltd | Quarterly Results |
| Apr 30 2007 | Sarda Papers Ltd | Quarterly Results |
| Apr 30 2007 | Sarup Tanneries Ltd | Quarterly Results |
| Apr 30 2007 | Saurashtra Cement Ltd | Quarterly Results |
| Apr 30 2007 | Savera Industries Ltd | Quarterly Results |
| Apr 30 2007 | Scanet Exports Ltd | Quarterly Results |
| Apr 30 2007 | Scenario Media Ltd | Quarterly Results |
| Apr 30 2007 | Sharat Industries Ltd | Quarterly Results |
| Apr 30 2007 | Shikhar Leasing & Trading Ltd | Quarterly Results |
| Apr 30 2007 | Shiva Fertilizers Ltd | General |
| Apr 30 2007 | Shiva Suitings Ltd | Quarterly Results |
| Apr 30 2007 | Shricon Industries Ltd | Quarterly Results |
| Apr 30 2007 | Shyam Telecom Ltd | Quarterly Results |
| Apr 30 2007 | Shyama Infosys Ltd | Quarterly Results |
| Apr 30 2007 | Simco Trading & Finance Company Ltd | Quarterly Results |
| Apr 30 2007 | Sintex Industries Ltd | Sintex Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, for consideration of Audited Financial Results for the financial year ended March 31, 2007 and recommendation of dividend, if any, for the year ended March 31, 2007. |
| Apr 30 2007 | Skyline NEPC Ltd | Quarterly Results |
| Apr 30 2007 | Skypak Services Specialist Ltd | Quarterly Results |
| Apr 30 2007 | Sobhagya Mercantile Ltd | Quarterly Results |
| Apr 30 2007 | Software Technology Group International Ltd | Software Technology Group International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter-alia, to consider and approve the half yearly and Quarterly financial results (Unaudited) for the 2nd quarter ended March 31, 2007 and to review Business prospects for the current year. |
| Apr 30 2007 | Sowbhagya Exports Ltd | Sowbhagya Exports Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to transact the following business:1. Review of Operations.2. Approval and adoption of un audited financial results for the quarter ended March 31, 2007.h |
| Apr 30 2007 | Sreechem Resins Ltd | Quarterly Results |
| Apr 30 2007 | Sri Malini Spinning Mills Ltd | Quarterly Results |
| Apr 30 2007 | Sru Share Brokers Ltd | Quarterly Results |
| Apr 30 2007 | Standard Surfactants Ltd | Quarterly Results |
| Apr 30 2007 | Stelco Strips Ltd | Quarterly Results |
| Apr 30 2007 | Step Two Corporation Ltd | Quarterly Results |
| Apr 30 2007 | Stewarts & Lloyds of India Ltd | Stewarts & Lloyds of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, to consider and take on record the Audited Financial Results of the Company for the year ended March 31, 2007 and would consider, if it deems fit, declaration of dividend for the financial year 2006-07. |
| Apr 30 2007 | Subex Azure Ltd | Subex Azure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, interalia, to consider, the audited standalone and consolidated financial results for the financial year ended March 31, 2007 and to consider declaration of dividend, if any. |
| Apr 30 2007 | Subway Finance And Investment Company Ltd | Quarterly Results |
| Apr 30 2007 | Suryajyoti Spinning Mills Ltd | Quarterly Results |
| Apr 30 2007 | Swan Mills Ltd | Quarterly Results |
| Apr 30 2007 | Swasti Vinayaka Gems Corporation Ltd | Quarterly Results |
| Apr 30 2007 | Swasti Vinayaka Synthetics Ltd | Quarterly Results |
| Apr 30 2007 | Sybly Industries Ltd | Quarterly Results |
| Apr 30 2007 | Symphony Comfort Systems Ltd | Quarterly Results |
| Apr 30 2007 | Synthiko Foils Ltd | Quarterly Results |
| Apr 30 2007 | T & I Global Ltd | Quarterly Results |
| Apr 30 2007 | T. Spiritual World Ltd | Quarterly Results |
| Apr 30 2007 | Tamilnadu Steel Tubes Ltd | Quarterly Results |
| Apr 30 2007 | Teesta Agro Industries Ltd | Quarterly Results |
| Apr 30 2007 | Telstar Laboratories Ltd | Quarterly Results |
| Apr 30 2007 | Thirdwave Financial Intermediaries Ltd | Thirdwave Financial Intermediaries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider the following:1. Take on record the unaudited results for the quarter ended on March 31, 2007.2. Forfeiture of partly paid shares. |
| Apr 30 2007 | Tinna Finex Ltd | Quarterly Results |
| Apr 30 2007 | Tinna Overseas Ltd | Quarterly Results |
| Apr 30 2007 | Tirupati Foams Ltd | Quarterly Results |
| Apr 30 2007 | Tirupati Sarjan Ltd | Quarterly Results |
| Apr 30 2007 | Tirupati Starch & Chemicals Ltd | Quarterly Results |
| Apr 30 2007 | Tivoli Construction Ltd | Quarterly Results |
| Apr 30 2007 | Transchem Ltd | Quarterly Results |
| Apr 30 2007 | Trijal Industries Ltd | Quarterly Results |
| Apr 30 2007 | Triumph International Finance Ltd | Quarterly Results |
| Apr 30 2007 | Tulsyan NEC Ltd | Quarterly Results |
| Apr 30 2007 | Tuni Textile Mills Ltd | Quarterly Results |
| Apr 30 2007 | Twin Roses Trades & Agencies Ltd | Quarterly Results |
| Apr 30 2007 | Ucil Leasing Ltd | Quarterly Results |
| Apr 30 2007 | UCO Bank | Audited Results |
| Apr 30 2007 | Uma Petroproducts India Ltd | Quarterly Results |
| Apr 30 2007 | Uniply Industries Ltd | Quarterly Results |
| Apr 30 2007 | United Breweries (Holdings) Ltd | Quarterly Results |
| Apr 30 2007 | Varun Mercantile Ltd | Quarterly Results |
| Apr 30 2007 | Vertex Spinning Ltd | Quarterly Results |
| Apr 30 2007 | Vijay Solvex Ltd | Quarterly Results |
| Apr 30 2007 | Vikram Thermo (India) Ltd | Quarterly Results |
| Apr 30 2007 | Vimal Oil and Foods Ltd | Quarterly Results |
| Apr 30 2007 | Vintron Informatics Ltd | Quarterly Results |
| Apr 30 2007 | Virinchi Technologies Ltd | Virinchi Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia to consider the following items:1. To consider the Unaudited Financial Results of the Company for the quarter ended March 31, 2007.2. To consider the Unaudited Consolidated Financial Results of the Company for the quarter ended on March 31, 2007.3. To Allot Shares to the Employees of the Company who have exercised under Virinchi Employees Stock Option Scheme, 2004. |
| Apr 30 2007 | Visaka Industries Ltd | Visaka Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2007, inter alia, to consider and approve the Audited Financial Results of the Company, for the Last Quarter and year March 31, 2007 & will also consider recommendation of dividend for the Financial year 2006-2007. |
| Apr 30 2007 | Vishnu Sugar Mills Ltd | Quarterly Results |
| Apr 30 2007 | Vishvprabha Trading Ltd | Quarterly Results |
| Apr 30 2007 | Vision Corporation Ltd | Quarterly Results |
| Apr 30 2007 | Vogue Textiles Ltd | Quarterly Results |
| Apr 30 2007 | VXL Instruments Ltd | Quarterly Results |
| Apr 30 2007 | W S Industries (India) Ltd | Quarterly Results |
| Apr 30 2007 | Watson Software Ltd | Quarterly Results |
| Apr 30 2007 | Weizmann Fincorp Ltd | Quarterly Results |
| Apr 30 2007 | Weizmann Ltd | Quarterly Results |
| Apr 30 2007 | Western Ministil Ltd | Quarterly Results |
| Apr 30 2007 | Worldwide Leather Exports Ltd | Quarterly Results |
| Apr 30 2007 | Yash Papers Ltd | Quarterly Results |
| Apr 30 2007 | York Exports Ltd | Quarterly Results |
| Apr 30 2007 | Zenith Infotech Ltd | Quarterly Results |
| Apr 30 2007 | Zigma Software Ltd | Quarterly Results |
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