Corporate Announcements On The Bse

NOTICES UNDER TAKEOVER CODE

Bajaj Global: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that Bajaj Plastics Ltd is holding 358600 (5.62 per cent) equity shares and Rohit Machines & Fabricators Ltd is holding 2000 (5 per cent) shares in the company as on 30.09.02.

Bajaj Plastics: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed the shareholding as on 30.09.02 as follows: Bajaj Exports Pvt Ltd 901656 (14.13 per cent) shares, Bajaj Global Ltd 358600 (5.62 per cent) shares, Rohit Machines and Fabricators Ltd 16900 (42.25 per cent) shares.

Bajaj Steel Industries: In terms of regulation of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that Bajaj Exports Pvt Ltd is holding 213800 (9.72 per cent) equity shares of the company.

Ecoboard Industries: In terms of regulation 8(1) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed the shareholding as on 31.03.2002 is as follows: Century Direct Fund (Mauritius) LLC 5600000 (34.39 per cent) shares; TCFC Finance Nil shares.

ETC Networks: In terms of regulation 8 (3) of Sebi, substantial acquisition of shares and take over regulation, 1997, the company has informed that Jagjit Singh Kohli, Yogesh Shah and Yogesh Radhakrishnan along with their relatives and associates have divested their controlling stake in favour of Zee Telefilms and consequently have ceased to be promoters of the company. Further, as on 30.09.02, the reporting date, Zee Telefilms holds directly and indirectly 7101259 (51.01 per cent) equity shares of Rs 10 each.

German Remedies: In terms of regulation 8(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed the shareholding as on 26.09.2002 is as follows: Recon Healthcare Ltd 3976192 (48.22 per cent) shares, Cadila Healthcare 2403711 (29.15 per cent) shares, Heller Vermogensverwaltungs GmbH - Nil shares, ASTA Medica AG - Nil shares, Boehringer Ingelheim GmbH - Nil shares, Schering AG - Nil shares.

Gujarat Ambuja Exports: In terms of regulation 7 (3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that Vijay Kumar Gupta has purchased 7595 (0.02 per cent) equity shares of the company from 09.10.2002 to 11.10.2002 through market purchase. After this transaction his shareholding is 7375664 (24.60 per cent) equity shares in the company.

Hindusthan National Glass & Industries: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that C K Somany Group consisting of C K Somany, his sons Sanjay Somany, Mukul Somany together with their family members and associates companies presently holding 73.05 per cent equity shares of the company. The group has agreed to acquire 806192 equity shares of the company vide memorandum of agreement dated 11.10.02, thereby increasing their holding to 80.35 per cent shares in the company.

Jupiter Biotech: In terms of regulation 7 (3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that Vijay Kumar Gupta has sold 8200 (0.20 per cent) equity shares of the company from 09.10.2002 to 11.10.2002 through market sale. After this transaction his shareholding is 1485498 (35.88 per cent) equity shares in the company.

Mirc Electronics: In terms of regulation 8 of Sebi, substantial acquisition of shares and take over regulations, 1997, the company has informed that Guviso Holdings is holding 4384917 (62.40 per cent) shares as on 30.09.02.

Nagarjuna Agrichem: In terms of regulation 7(1) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that M/s Vijayalakshmi Insecticides and Pesticides Pvt Ltd has acquired 2103157 (14.12 per cent) equity shares by way of preferential allotment pursuant to the special resolution approved by the shareholders of the company at the AGM held on 12.09.02.

Pritish Nandy Communications: In terms of regulation 8 (3)of Sebi, substantial acquisition of shares and take over regulation, 1997, the company has informed that, International Communications Investments (Mauritius) Ltd is holding 475000 shares, Pritish Nandy is holding 2966948 shares and Rina Pritish Nandy is holding 625000 shares as on 30.09.02.

Tashi India: In terms of regulation 7(3) of Sebi, (substantial acquisition of shares and takeovers) regulations 1997, the company has informed that Bajaj Global is holding 75000 (10.10 per cent) equity shares and Rohit Machines & Fabricators Ltd is holding 2000 (5 per cent) equity shares in the company as on 30.09.2002.

INSIDER TRADING NOTICES

Kanoria Chemicals & Industries: In terms of regulation 13(6) of Sebi, (insider trading) regulations 2002, the company has informed that Hooghly Holdings has transferred on spot basis 500000 (2.99 per cent) equity shares of the company to Mega Resources Ltd. After this transfer, their shareholding is 929828 equity shares of the company.

Nahar Exports: In terms of regulation 13(3) of Sebi, (insider trading) regulations 2002, the company has informed that Nahar Spinning Mills Ltd has acquired 108133 shares under the creeping acquisition and their shareholding after the acquisition is 14391091 shares in the company.

Surana Telecom: In terms of regulation of Sebi, (insider trading) regulations 2002, the company has informed that Shri Narender Surana, managing director of the company, has purchased 15493 (0.14 per cent) shares and sold 461 (0.004 per cent) shares from 23.09.02 to 05.10.02.

INTERIM DIVIDEND

Ingersoll Rand India: At the meeting of the board, the record date for payment of interim dividend has been fixed as November 21, 2002 and not November 15, 2002. The interim dividend will be paid on November 22, 2002 if declared at the board meeting and not November 18, 2002.

Godrej Consumer Products: At the meeting of the board on October 22, 2002, the board has declared a second interim dividend @ Rs 2 per share (50 per cent on the shares of face value of Rs 4 each) for the financial year 2002-03. The record date for the same as intimated earlier is November 01, 2002. It also approved a proposal for fresh buyback of equity shares under Sec 77A(2) of the Companies Act, 1956. This is subject to the approval of the shareholders by means of Postal Ballot.

The buyback will be through open market and subject to a maximum of Rs 175 per share and a maximum outlay of Rs 10 crore.

ESOP PLANS

Dabur India: The compensation committee in its meeting on 22.10.2002 has allotted 156414 fully paid up shares of Re 1 each for cash at par to employees of the company upon exercise of 156414 options vested in them in terms of Employees Stock Option Scheme of the company.

Cyber Tech Systems & Software Systems: The board at its meeting on October 21, 2002, allotted 1800 equity shares of the company to employees/ directors pursuant to their exercising stock options granted to them under the Employees Stock Option Plan of the company.

SHARE DEALS

Kirloskar Brothers: Better Value Holdings Pvt Ltd has informed that they have acquired 77061 (1.09 per cent) equity shares of the company by way of inter se transfer between group companies on 22.10.02 at Rs 90. With this acquisition, the aggregate shareholding of Better Value Holdings Pvt Ltd will be 3511352 (49.80 per cent) shares of the company.

Sambhaav Media: The board at its meeting on 19.10.02 approved the exchange ratio as follows: Four equity shares of the company for every equity share held in Abhlyaan Press & Publications Pvt. Ltd; three equity shares of the company for every five equity shares held in Alder Publishers Pvt. Ltd; three equity shares of the company for every equity share held in Traders Pvt Ltd; three equity shares of the company for every debenture held in Traders Pvt. Ltd.

MERGERS, EXPANSION

Gujarat Heavy Chemicals: A meeting of the board will be held on October 30, 2002 to consider inter alia the proposal of amalgamation of Icon Data Management Ltd, a wholly owned subsidiary, with the company.

SHARES EXTINGUISHED

Selan Exploration Technology: The company has extinguished 70000 shares of the company pursuant to buy back.

CLOSURE OF UNITS

Standard Cables: The board at its meeting on 19.10.02 has decided to close operations with effect from 21.10.02. All workers and some of the staff will be relieved after paying their dues. The decision could be reviewed based on the change in the business scenario.

PRIVATE PLACEMENT

Oriental Bank of Commerce: The bank has proposed to issue subordinated unsecured bonds in the nature of promissory notes by way of private placement for the purpose of Tier-11 capital. The Ministry of Finance has accorded its approval. The issue size is Rs 150 crore with a green shoe option of Rs 50 crore. The coupon rate is 7.15 per cent pa & the tenure is 5 years & 6 months.

OTHERS

eServGlobal Ltd: The worldwide supplier of telephony network infrastructure and services on October 21, 2002 announced that it has deployed Sigtran offerings from Hughes Software Systems (HSS) to offer prepaid mobile services over a call agent/softswitch.

Chettinad Cement Corporation: A meeting of the board will be held on October 29, 2002 to consider fixation of price (including premium) at which the equity shares on rights basis is to be offered to existing shareholders of the company. The board will also consider results for the quarter ended September 30, 2002.

Landmarc Leisure Corporation: A meeting of the board will be held on October 31, 2002 to consider the unaudited financial results for the quarter ended September 31, 2002. It will also take up calling of extra ordinary general meeting for raising funds through global depository receipts (GDR) issue and allied matters.

Gujarat Ambuja Exports: The meeting of the members is scheduled on November 21, 2002 as per direction of the High Court of Gujarat in the matter of scheme of arrangement between the company and its equity shareholders for repayment of capital to small shareholders holding up to 99 equity shares in physical form.

Incon Engineers Ltd: The company has forfeited 27,73,300 equity shares due to non payment of allotment/call monies.

Pfizer: Michael Sweitzer has been appointed as a director in the causal vacancy arising out of the resignation of P J Santoriella. K Handa, executive director, finance, who was the alternate director to P J Santoriella, has now been appointed as an alternate director to Michael Sweitzer.

Rolta India: The company has announced the launch of a range of Linux- based security and messaging products for Corporate Networks. These products have been developed in-house and hitherto been used for the past three years across Rolta