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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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

[Via]

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.

[Via]

Liberty Phosphate Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the auditors of the Company have made the following observations:

 
1. Sales of Rs 2740.10 Lacs of 3rd Quarter ended December 31, 2007 includes Trading Sales of Rs 1.02 lacs and Export Sales of Manufactured Goods of Rs 44.16 Lacs during the Quarter under Review.

 
2. Employees Cost includes amount of Director Remuneration of Rs 2.43 Lacs for the 3rd Quarter of F.Y. 2007-08.

 
3. Company has not provided Liability towards amount of Gratuity and Leave Encashment payable to employees as per requirement Accounting Standards-15 of ICAI, New Delhi.

 
4. Face Value of Equity Shares of the Company is Rs 10 per shares. All shares are fully paid up.

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Zicom Electronic Security Systems Ltd has reported in the batter Committee of Directors (CoD) in its meeting held on January 17, 2008, has been allotted by 21, 00,000 warrants of Rs 10/- every at the price of Rs 200/- per share entitle in the deserve holder to the give to one impartiality share of Rs 10/- each (in aggregate 21, 00,000 equity shares), in the following promoter Group of Companies on special basis.

The warrants and the resultant evenhandedness share that shall be below lock on for the time of three existences from the date of share i.e. January 17, 2008, in accordance with SEBI Guidelines for special Issue:

1. Coronet Properties & Investment Pvt Ltd: 10,50,000 Warrants allotted.
2. Baronet Properties & Investment Pvt Ltd: 10,50,000 Warrants allotted.

Via

Apollo health Hospitals Enterprises is quoting at Rs 504 up Rs 23.95 or 4.99%. They are reported in current stock market price Rs.368 for three month target of Rs.400. It has touched an intraday high of Rs 510 and an intraday low of Rs 478.30.

Escorts Heart Inst ED Dr Naresh Trehan is to join Apollo Hospitals. Today this company is provided best position so I am say stock and stock market price will be increased . On Saturday Trehan was reinstaated as ED of Escorts Heart Institute.

It is trading with volumes of 2021 shares. Yesterday the share closed up 0.05% at Rs 480.05..

The  NSE report that the total member of this company  have a passed  and the following resolutions with requisite majority. Special Resolution pursuant to the provisions of Section 17 of the Companies Act 1956 granting approval for alteration of Objects Clause of the Memorandum  in Association of in this  Company.Buy at current market price Rs.154 for three month target of Rs.200.They are reported in batter excellent result in last quarter ended.Today this company is best position so I am say stock and stock or latest stock market price will be increased.Hcl Infosystems Ltd has informed and reported that Exchange that the Result of postal ballot has been declared on October 15, 2007. . Ordinary Resolution pursuant to the provisions of Section 293 of the Companies Act, 1956 granting approval for increase in borrowing limits. Ordinary Resolution pursuant to the provisions of Section 293 of the Companies Act, 1956 granting approval for creation of mortgage on properties of the Company.

Buy Tata Tele (Mah) share at current market price of  Rs.41 for three month target of  Rs.50. They reported excellent result in last ended quartet. Tata Tele (Mah) company is the best position at present in the market.

Tata Teleservices Maharastra Ltd has informed BSE that Finance Committee has accepted allotment of  1,51,58,152 Share for price of Rs.10 each to the shareholders, Investors who have right  to convert FCCBs Share. Share have allotted and issued at primary price of Rs.14.49 every Equity Share, according to terms and condition of FCCB issue.   

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The Indian rupee slipped  its lowest points since the last two weeks on Wednesday. Some Asian Currencies also slipped same as rupee, against dollar.

Partially exchangeable rupee was 39.85/86 on Monday’s close while it was 39.86 for each Dollar at 9:40 on Wednesday. Indian Markets were closed on October 2, 2007 for National holiday. Previous week Indian rupee increased till 39.62 to touch a new peak of success first time after April 1998.

Investors said they will analysis of Share Market to find direction of  Indian Rupee. Direction of rupee depends on investment. Investment Flows has increased over than 11% current financial year. The Stock Market Index made new records in last some trading days. Foreigners bought more than 3.6 billion dollar during the last some trading days of September by the sources, after a cut in interest rates of American Bank.

Data shows that in the first seventh months of financial year 2007 the Central Bank spent 38.1 billion dollar to test the rupee therefore traders are alert about provoking the central bank.  

Buy at current market price Rs.213 for four month target of Rs.250.They are reported in batter excellent result in last quarter ended.Today this company is reported best result so I am say stock and stock market price will be increased.

NTPC Ltd company has informed that the MOU with in BHEL for joining the venture company in carrying out Engineering Procurement and Construction of activites in power sector..

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