>компютри втора употребаIndustries Ltd has informed that a meeting of the duly authorized Allotment committee of the Board will be held on April 15, 2008, to consider next tranch of allotment of equity shares to eligible warrant holders, who have paid the balance money towards conversion of their warrants.

Odyssey Corporation Ltd has informed that the Company has decided to submit audited result for the financial year ended March 31, 2008, on or before June 30, 2008.
The Company will not going to submit unaudited quarterly result for the financial year ended March 31, 2008.

The market gathers the momentum on the back of selective buying across the counters. After a weak start, the market takes a u turn to pare all its initial losses as the buying intensified. The market breadth is strong as 1571 stocks are trading in green while 640 stocks are trading in red.

At 11.33AM, BSE Sensex is trading higher by 144 points at 15,732 and NSE Nifty is trading up by 33.35 points at 4,743. The BSE Mid Cap and Small Cap are trading higher by 92.27 points and 106.29 points at 6,475.29 and 7,920.46 respectively.

The Metal index is trading higher by 165.81 points at 13,710.39. Pushing it are Tata Steel trading up by (2.39%) at Rs672 along with Bhushan Steel by (2.12%) at Rs673, Ispat Industries by (1.93%) at Rs29.05, Hind Zinc by (1.62%) at Rs541.10, Welspun Guj by (1.42%) at Rs381.80, Nalco by (1.01%) at Rs436.80, Jindal Steel by (0.95%) at Rs1830, JSW Steel by (0.62%) at Rs743 and Hindalco inds by (0.56%) at Rs171.25.

The Bankex index is trading up by 33.02 points at 7,985.83 as BOI is trading higher by (2.56%) at Rs306 in line with Federal bank by (2.23%) at Rs231.95, Oriental bank by (2.20%) at Rs172.05, BOB by (2.09%) at Rs286, Allahabad bank by (1.92%) at Rs77.15, Union bank by (1.40%) at Rs155.70, Kotak bank by (1.38%) at Rs652, Canara bank by (1.33%) at Rs223.95 and Andhra bank by (1.06%) at Rs76.

Leading the rally of the gainers from the BSE are Bajaj Hind trading up by (8.38%) at Rs203.10 along with Rajesh Exports by (7.13%) at Rs87.90, Triveni Eng by (6.60%) at Rs113, India Infoline by (6.01%) at Rs802, Deccan Aviation by (5.76%) at Rs126.70, Moser Baer by (5.22%) at Rs173.40, Reliance industrial infrastructure by (4.99%) at Rs848.20 and Edelweiss by (4.84%) at Rs797.

Larsen and tourbo is trading higher by (2.4%) at Rs2646 as the company has won four orders worth Rs16.87 bn for water supply project, steel plants and coal handling projects. Th oreder won from various divisions are like its construction division has won an EPC contract worth Rs6.35bn for the Rajasthan water supply project. Its ECC division has won Rs5.55bn order in consortium with Outotec Gmbh for a Sinter plant From Bhushan Steel Ltd. It has also bagged an order from SAIL valued at Rs2.72bn to build a new cold roll mill and also won contract from Damodar valley worth of Rs3.30bn for coal handling plant.

Bhel is trading up by (2.51%) at Rs1757 as the company and Reliance industries are in talks to form a joint venture for setting up of solar fab units. The proposed joint venture is likely to enter into the manufacturing of other small and medium equipment for solar power apart from the solar photo voltaic (SPV) cells. Both the partners have not finalized the financial and technical details for the proposed joint venture.

Nelco Ltd has informed that the Companys financial year 2007-08 ended on March 31, 2008.
In view of the above, the Company will be publishing Audited Financial Results of the Company for the Financial Year 2007-08 within a period of 3 months from the end of the last Quarter of the financial year.

Hindustan Unilever Ltd has informed that pursuant to the order of the Honble High Court of Judicature at Bombay a meeting of the equity shareholders of the Company will be held on April 29, 2008, for the purpose of considering and if thought fit, approving with or without modification(s), the Scheme of Arrangement proposed to be made between Hindustan Unilever Ltd (Applicant Company), Brooke Bond Real Estate Pvt Ltd (Resulting Company) and their respective Shareholders and Creditors for the demerger and transfer of certain immovable properties of the Applicant Company to the Resulting Company.

IEC Softwares Ltd has informed that a meeting of the Board of Directors of the Company will be held on April 10, 2008, inter alia, to take on record the following:
1. Unaudited Financial results of the Company for the quarter ended March 31, 2008.
2. To Change Main Objects of the Company.
3. To change Name of the Company.

The Indian market gave up most of its early gains after a strong start to the trading session. The market opened on a firm note tracking the strong favoring cues from the global markets and all of a sudden kept on drifting down further from there on as the profit booking prevailed. However, the strong global cues like Lehman Brothers raising of $4billion in an offering of convertible preferred shares eased fears of heading for a fate similar to that of Bear Stearns, fell to kept the market at the higher levels and gave up most of its gains. The Sensex spurts more than 600 points at the initial stage to touch an intraday high of 16,236.70 and low of 15,719.47. The investors took calculated steps to book their positions.

The BSE Sensex closed higher by 123.78 points at 15,750.40 and NSE Nifty closed up by 14.65 points at 4,754.20. The BSE Mid Caps and Small Caps closed up by 17.87 points and 50.38 points at 6,412.97 and 7,912.14 respectively.

The market breadth was strong as 1764 stocks closed in green as against 909 stocks that closed in red.

The Metal index dropped by 296.87 points to close at 13,516.89. Major losers are JSW Steel (4.40%), SAIL (3.90%), Ispat Inds (3.28%), Tata Steel (3.21%), Sterlite inds (2.15%), Nalco (2.14%), Sesa Goa (2.14%) and Jindal Steel (1.93%).

The Bankex index grew by 179.01 points to close at 7,822.56. Major gainers are BOI (6.60%), Canara bank (5.62%), ICICI bank (3.65%), Axis bank (3.04%), IOB (2.54%), SBI (1.73%) and CentBOP (1.75%).

The IT index closed higher by 103.76 points at 3,644.35 as Mosear Baer (4.42%), Infosys (4.26%), Rolta India (4.03%), Satyam (2.48%), Finance Technologies (2.34%), TCS (1.92%) and Wipro (1.32%) closed in green.

The Oil and Gas index closed lower by 25.64 points at 10,328.08. Losers are Cairn India (3.02%), BPCL (1.83%), Aban Offshore (1.73%), Essar Oil (1.73%), RNRL (1.58%) and RPL (1.14%).

From the FMCG space, Galxosmithkline Cons (2.99%), Marico (1.89%), Dabur (1.59%), ITC (1.44%) and HUL (1.15%) closed in red.

The Capital Goods index fell by 61.78 points to close at 13,498.15 as Thermax (1.99%), Elecon Eng (1.34%), Havell India (1.24%), Bharat Electronics (1.04%), L&T (1.01%) and ABB (0.39%) closed in negative.

The BSE Realty index closed up by 34.69 points at 7,501.17 as Akruti City (19.60%), Purvankara (5.06%), Indbul Real (3.17%), HDIL (2.07%), Anant Raj (2.06%) closed in green.

Kotak Mahindra Bank Ltd has informed that a meeting of the Board of Directors of the Bank will be held on or before June 30, 2008, i.e. within the prescribed period of three months of the close of the accounting year, at which the audited financial results of the Bank for the year ended March 31, 2008 will be considered by the Board.
Accordingly, the Bank will furnish its audited financial results for the year ended March 31, 2008 within the aforesaid period of three months and will also arrange for publication of the said results in the prescribed manner. Hence there will be no necessity of publishing unaudited financial results for the quarter ended March 31, 2008.

HT Media Ltd has informed that the Company proposes to publish the audited financial results of the Company for the financial year ending on March 31, 2008 within three months from the close of the last quarter of the financial year ending on March 31, 2008.
Accordingly, the unaudited financial results for the quarter ending on March 31, 2008 shall not be published by the Company.

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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