The Live Indian Entertainment Blog

Volant Textile Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2011, inter alia, has decided the following:

1. To Sub-divide existing equity share having face value of Rs. 10/- each to 10 Equity shares having face value of Rs. 1/- each with the due permission of members of the Company and other authorities;

2. To alter Article 3 of Articles of Association to keep update as per the Clause V of Memorandum of Association with due permission of the members of the Company and other authorities.

3. To call Extra-ordinary General Meeting on May 16, 2011 Monday 11 A.M. interalia to obtain approval of members of the Company for above matters.

Bafna Spinning Mills & Exports Ltd has informed BSE that the Board of Directors of the Company has fixed a record date of April 15, 2011 for purpose of sub-division/stock split of Rs. 5/- per share of the Company into the shares of Rs. 1/- each.

Source: BSE Corporate Announcements

Ador Fontech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 22, 2011 have considered and recommended splitting of existing one equity of Rs. 10/- (rupees ten) each in to Rs. 2/- (Rupees two only) per share with consequent effect of five equity shares for each share held, subject to the approval of shareholders, which will be reckoned through postal ballot and further subject to the consent/approval of statutory and regulatory authorities.

Source: BSE Corporate Announcements

Hindustan Zinc Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 19, 2011, inter alia, has proposed issue of bonus share in the ratio of 1:1 and also sub division of its equity share of face value of Rs. 10 each into 5 equity shares of face value of Rs. 2 each, subject to approval of shareholders.
Shareholders approval would be obtained through Postal Ballot process.

Source: BSE Corporate Announcements

Farmax India Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 05, 2010, inter alia, to consider and fix the RECORD DATE for Stock Split of equity shares of the Company from Rs. 5/- each to Re. 1/- each.

The stock was trading at Rs.125.50, up by Rs.0.75 or 0.60%. The stock hit an intraday high of Rs.126.50 and low of Rs.124.60.

The total traded quantity was 25820 compared to 2 week average of 301561.

Source: Equity Bulls

S.E. Investments Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 05, 2010, inter alia, to consider the alteration in Clause V (Share Capital Clause) of the Memorandum of Association of the Company.

The Board will consider sub-division (stock split) of One Equity Shares of Rs. 2/- each of the Company into 2 (Two) equity shares of Re. 1 /- each.

The Board will also consider change of name of the Company and to take steps for its implementation including filing of application with the Reserve Bank of India (RBI).

The stock closed the day at Rs.51.55, up by Rs.1.90 or 3.83%. The stock hit an intraday high of Rs.52.10 and low of Rs.48.65.

The total traded quantity was 335783 compared to 2 week average of 48281.

Source: Equity Bulls

MMTC shares were on fire today with a 33.31 per cent opening rally a day after the state-run trading major said its board will meet June end to consider bonus issue and stock split, and settled the day with a massive 21 per cent gain.

Minutes after its opening, the costliest share in the country zoomed 33.21 per cent to touch a high of Rs 37,999 on the Bombay Stock Exchange. Later, the stock pared some of the gains and ended 20.86 points higher at Rs 34,476.60 on the Bombay Stock Exchange.

A similar movement was witnessed on the National Stock Exchange, where the counter ended at Rs 34,346, up by a full 20.49 per cent.

On the volume front, over 19,230 shares changed the hands on the two bourses.

Yesterday, MMTC said a meeting of its board will be held on June 29 to consider issue of bonus shares, splitting of its shares and to recommend dividend for FY10.

Brokers also said the stock also got a boost from the government move to divest Coal India and Hindustan Copper. MMTC is also a candidate for disinvestment in this fiscal.

Broader market indicator, the Sensex also ended in the green and finished 77 points higher at 17,413 after a choppy session.

Source: Economictimes.com

Aqua Logistics, India’s foremost global logistics and supply chain partner providing end-to-end solution in the logistics and supply chain domain, today announced that company’s board will meet on June 28, 2010 to consider sub-division of company’s equity shares, subject to approval of shareholders. Further, the company will also seek shareholders approval to raise US$ 70 million through various options including Global Depository Receipts (GDR) or / American Depository Receipts (ADR), QIP / QIB, FCCB.

Recently, the company completed acquisition of three Hong Kong-based companies - CIT Logistics, TAG Logistics and AGI Logistics through its wholly-owned subsidiary Aqua Logistics HK. CIT Logistics is an integrated logistics company while TAG Logistics provides hub distributions through its closely related custom bonded warehouses. AGI Logistics provides supply chain management solutions, contract logistics services and international forwarding services. Aqua Logistics has initially acquired a majority stake of 60% shareholding in the three companies for a total consideration of $7.09 million. Aqua will acquire additional 15% equity stake spread over a 5-year period.

Source: India Infoline Ltd