Kovilpatti Lakshmi Roller Flour Mills Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 24, 2008, inter alia, have accorded the following:
1. Change the name of the Company from KOVILPATTI LAKSHMI ROLLER FLOUR MILLS LTD to KLRF LTD, subject to necessary provisions & approvals.
2. Re-appointment of Sri. V N Jayaprakasam as Executive Director of the Company, for a further period of 2 (two) years with effect from July 01, 2008, on remuneration, terms & conditions.
3. Increase the Authorised Share Capital of the Company from Rs 10,00,00,000/- (Rupees Ten Crores only) divided into 1,00,00,000 (One Crore only) Equity Shares of Rs 10/- each, to Rs 15,00,00,000/- (Rupees Fifteen Crores only) divided into 90,00,000 (Ninety Lakhs only) Equity Shares of Rs 10/- each and 60,00,000 (Sixty Lakhs only) 10% Cumulative Redeemable Preference Shares of Rs 10/- each by
a. conversion of 10,00,000 (Ten lakhs only) equity shares (out of the total unissued 49,00,000 equity shares of Rs 10/- each) to 10,00,000 (Ten lakhs only) 10% Cumulative Redeemable Preference Shares of Rs 10/- each.
b. creation of 50,00,000 10% Cumulative Redeemable Preference Shares of Rs 10/- each.
& Consequential amendments in the Memorandum & Articles of Association of the Company.
4. Authority to the Board to offer, issue and allot not exceeding 60,00,000 10% Cumulative Redeemable Preference Shares of Rs 10/- each at par to Promoters, their associates, Banks, Financial Institutions / Corporates and others on a preferential basis in one or more lots on such terms and conditions and in such manner as the Board may think fit, without offering the same to any member who on the date of offer is holder of equity shares of the Company, subject to necessary provisions & approvals.
5. Authority to the Board to borrow from time to time any sum or sums of monies in any manner as may be required for the purpose of business of the Company, with or without security and upon such terms and conditions as they may think fit, notwithstanding that the monies to be borrowed together with monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Companys bankers in the ordinary course of business) may exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount so borrowed by the Board of Directors and outstanding at any time shall not exceed the sum of Rs 100 crores (Rupees one hundred crores only).
Further the Company has informed that, the below mentioned resolution was passed by the way of Postal Ballot:
6. To create such charges and / or mortgages and hypothecations in additions to the existing charges, mortgages and hypothecations created by the Company on such terms and conditions and at such time or times and in such form and manner and with such ranking as to priority as it may think fit on any of the Companys movable and immovable properties and assets including the whole or substantially the whole of the Companys undertaking, present and future, as the case may be, in favour of the Lenders viz,, Financial / Investment Institutions, Bank/s and Trustees for the holders of the debentures / bonds / other instruments to secure the repayment of loans / borrowings sanctioned and / or to be sanctioned by them from time to time for a sum not exceeding Rs 100 crores (Rupees one hundred crores only) as per the approval of the shareholders under section 293(1) (d) of the Companies Act, 1956 and inclusive of interest at the respective agreed rates and all other costs, charges and expenses and all monies payable by the Company in respect of such loans as may be stipulated in that behalf and agreed to between the Board of Directors and the Lenders, subject to necessary provisions & approvals.

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Karuturi Networks Ltd has informed that the members of the Company have approved the following resolutions by way of Postal Ballot:

1. To sub-divide the Authorised Share Capital of the Company comprising of 6,00,00,000 Equity Shares of the face value of Re 10/- each aggregating to Re 60,00,00,000/- into 60,00,00,000 Equity Shares of Re 1/- each aggregating to Re 60,00,00,000/- and consequential amendments in the Memorandum & Articles of Association of the Company.

2. Authority to the Board to lease or sell or dispose off the whole or part or parts of the agricultural business of the Company for such consideration as may be in the best interest of the Company and that the Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

3. Authority to the Board to lease or sell or otherwise dispose off part or parts or the whole of the floriculture business of the Company for such consideration as may be in the best interest of the Company and that Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

4. Authority to the Board to lease or sell or otherwise dispose off part or parts or the whole of the retail flower business of the Company for such consideration as may be in the best interest of the Company and that the Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

5. Authority to the Board to lease or sell or otherwise dispose off part or parts or the whole of the ISP business of the Company for such consideration as may be in the best interest of the Company and that Board be empowered to take such others steps as may be deemed expedient and necessary, in the best interest of the Company.

6. To change the name of the Company from Karuturi Networks Ltd to Karuturi Global Ltd, subject to necessary provisions and approvals.

Vivimed Labs Ltd has informed that the Board of Directors of the Company at its meeting held on March 13, 2008, inter alia, has unanimously resolved the following:

1. Investment in shares and / or loan to Vivimed Holdings Ltd, a 100% subsidiary of the Company.

2. Provide Corporate Guarantee to the lender of Vivimed Holdings Ltd.

The above decisions are consequent to Vivimed Labs Ltd acquiring James Robinson Ltd, a UK based Company through its 100% subsidiary Company and obtaining financial assistance from banks for this acquisition.

After getting you fresh products and making grocery shopping in India a fashionable upmarket event, now Reliance Retail is all set to take you places with its latest entry into travel and tourism space. According to sources, Reliance Retail has forayed into the travel and tourism services segment with its new format Reliance Travel. Reliance Travels will offer travel services to both companies and individuals and services for family holiday and corporate packages. Besides all this Reliance Travel also has plans of other forex travel linked products like visa and travel insurance. It also has plans to provide ticketing for rail, air and cruise ships apart from hotel bookings, both domestic and international. The travel and tourism industry is fragmented and localised but there are some national players such as Cox and Kings and Raj Travels. The domestic travel space is growing at roughly 20 per cent while overseas travel at an even healthier 22 per cent. Though the Indian travel and tourism segment is largely fragmented and localized, the large corporate players entering the segment will not really matter because it is the personal touch of the smaller players that matter the most.

Spark Capital Advisors (I) Pvt Ltd (Manager to the Offer) on behalf of TVS Investments Ltd (Acquirer) has issued this Public Announcement (PA) to the shareholders of TVS Finance & Services Ltd (Target Company) in respect of the proposed acquisition of up to 42,34,588 fully paid-up equity shares (the Equity Shares) & delisting of the Target Company, pursuant to the Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003 (the Guidelines) (the Delisting Offer).

The Offer

The Acquirer is proposing to acquire up to 42,34,588 fully paid-up Equity Shares of the Company held by the public shareholders, including the shareholdings of Directors & Relatives representing 10.23% of the fully paid-up share capital of the company. The Acquirer seeks to delist the equity shares of the Company pursuant to the voluntary delisting procedures set out in the Guidelines for the reasons set out in paragraph 1.3 of PA.

The shareholders of the Company have approved the delisting of Equity Shares of the Company through a Special Resolution passed at the Extraordinary General Meeting of the shareholders of the Company held on March 07, 2008.

The equity shares are currently listed on the Bombay Stock Exchange Ltd (BSE) & the Madras Stock Exchange Ltd (MSE) (the Stock Exchanges). The Acquirer is seeking to delist the equity shares of the Company from both the Stock Exchanges.

The floor price has been computed as Rs 20.29 which is higher of (a) the average of the daily closing prices on the BSE for the last 26 weeks prior to the date of this PA, being Rs 20.18, & (b) the average of the weekly highs & lows of the closing prices on the BSE for the 26 weeks preceding the date of this PA, being Rs 20.29.

Schedule of Activities:

Public Announcement - March 10, 2008

Bid Opening Date (10.00 a.m.) - March 26, 2008

Bid Closing Date (3.00 p.m.) - March 28, 2008

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Kemrock Industries Exports Ltd has informed that the Board of Directors of the Company at its meeting held on March 07, 2008, inter alia, has considered and approved the following:

1. Issue of Equity Shares on Preferential Basis:

To offer, issue and allot upto 4,60,000 Equity Shares at a minimum price as per SEBI (DIP) Guidelines, Chapter XIII, but not more than Rs 650/- per share, aggregating upto Rs 29,90,00,000/- (at a maximum price of Rs 650/- per share) on preferential allotment basis to an eligible foreign entity named in the resolution.

2. Issue of Warrants on Preferential Basis:

To offer, issue and allot upto 3,93,000 Warrants carrying two parts (2,22,000 Warrants in Part-A and 1,71,000 Warrants in Part-B), and each warrant of the said two parts shall carry a right, entitling the holder thereof to apply for and obtain one Equity Share of Rs 10/- each for cash at a premium not exceeding Rs 640/- per share i.e., at the price falling within the minimum price per share as per SEBI (DIP) Guidelines, Chapter XIII, but not more than Rs 650/- per share and aggregating upto Rs 25,54,50,000/- (at a maximum price of Rs 650/- per share) to an eligible foreign entity named in the resolution.

Against Part A of the said Warrants, the registered owner of the Warrants shall be entitled to apply for, at its option, and seek allotment of one Equity Share of Rs 10/- each, in the manner aforesaid after March, 31, 2008 but on or before March, 31, 2009; whereas, against Part B of the said Warrants, the registered owner of the Warrants shall be entitled to apply for, at its option, and seek allotment of one Equity Share of Rs 10/- each, in the manner aforesaid after March, 31, 2009 but within the period of 18 months (being the term of the Warrants) from the date of issue of the Warrants.

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The Indian Market is likely to have a negative opening, as the cues from the global markets are not in favor. On Wednesday, The Indian market got a boost in the final trading hours of the session and come over from the four day losing trend on the back of selective buying across the counters. The market opened flat but managed to make a turnaround after the mid session as the investors showed some buying interest. Also, the statement by the Finance Minister that the FIIs were not behind the recent sharp fall in the market and it could be attributed to sub prime crises and recession concerns in US gave a boost to the investors sentiments. The BSE Sensex closed higher by 202.19 points at 16,542.08 and NSE Nifty grew by 57.15 points to close at 4,921.40. We expect that the market may remain cautious during the trading session.

On Wednesday, the US market was closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 214.60 points at 12,040.39 along with S&P closed down by 29.36 points at 1,304.34 and NASDAQ fell by 52.31 points to close at 2,220.50.

Today the major stock markets in Asia are trading weak. Hang Seng is trading lower by 615.49 points at 22,727.24 along with Japan’’s Nikkei trading down by 378.60 points at 12,836.82 and Taiwan Weighted trading trading at 8,597.21 down by 61.43 points.

Indian ADRs ended in negative. Wipro fell by (4.98%) along with Satyam by (3.88%) and Infosys by (3.04%). HDFC bank and ICICI bank dropped by (5.43%) and (4.04%) respectively.

The FIIs on Wednesday stood as net seller in equity. The gross equity purchased was Rs3,551.10 Crore while the gross equity sold stood at Rs4,023.90 Crore.

Therefore, the net investment of equity reported wsas (Rs472.80) Crore.

Today, Nifty has support at 4,713 and resistance at 4,946 and BSE Sensex has support at 15,784 and resistance at 16,702.

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U.S.-based company that specializes in image-analysis and pattern-recognition technology has set its sights on the

. The Boulder-based company recently introduced its universal check-recognition and verification software, CheckPlus International, to banks and other payment processors for use in India. The software that the company has made available for use in India is essentially an updated version of CheckPlus International, which the company developed from the original CheckPlus software. Designed for use among banks, financial institutions and payment processors, CheckPlus enables efficient processing of digitized check images and makes sense of the data found on checks, according to Yuri Prizemin, Parascript’’s director of product marketing.

Allied Digital Services Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 11, 2008, inter alia, to consider the following:

1. To review and consider enhancing the borrowing limit of the Company pursuant to Section 293(1)(d) of the Companies Act, 1956 from the existing limit of Rs 100 Crores.

2. To consider funds raising options by way of issue of Equity Shares / Warrants and / or any instrument convertible into Equity Shares, Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / FCCBs pursuant to Section 81(1)(A) of the Companies Act 1956.

3. To consider convening an Extra ordinary General Meeting of the Shareholders.
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