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BSE
08-May-2008 |
3i Infotech Ltd has informed BSE that the Company has acquired a strategic stake of 26% in M/s. Locuz Enterprise Solutions
Ltd (Locuz) with a commitment to acquire remaining stake over a period. Locuz is a Hyderabad based Company and is a
specialist in IT Infrastructure solutions and services with acknowledged expertise in High Performance Computing, Tiered
Storage, Information Security and IP Convergence Solutions. Press Release: "3i Infotech Ltd today announced that it has
taken a strategic stake in Hyderabad based Locuz Enterprise Solutions (Locuz), a leading System Integrator and IT
infrastructure solutions and services specialist. Under the terms of the agreement, 3i Infotech has currently acquired 26% of
the share capital of Locuz, with an option to acquire the remaining stake in the Company over an agreed time frame. Locuz
Enterprise Solutions is a specialist in IT Infrastructure, solutions and services with acknowledged expertise in High
Performance Computing, Tiered Storage, information Security and IP Convergence solutions. Over the last 3 years, Locuz has
also forayed into strategic consulting relating to Adaptive Enterprises and Enterprise IT Management, by establishing a NOC /
SOC in Hyderabad and has been providing SLA-driven On site / Off-site services to clients in India and abroad in the areas
of Network & Systems Management, Managed Security, and IT Governance. Commenting on the acquisition, Mr Anirudh Prabhakaran,
Executive Director and President - South Asia, 3i Infotech said, "We have Identified IT infrastructure management & SI as a
key growth driver and this acquisition will enable us to be a larger player in the IT outsourcing market. More Companies are
increasingly scouting for specialists to develop and roll put IT-centre business strategies. Given Locuz's dynamic management
team and established credit in this space, we have found an ideal match to expand our scope of offerings in a synergistic
manner." India has witnessed a phenomenal growth in the last decade in the field of IT Infrastructure Management. The
emergence of IT Infrastructure Management Outsourcing is a current trend, prompted by improved technologies, advanced
management tools, and increasing flexibility in requirements. "Over a period of eight years Locuz has built credibility with
alliance partners and customers. We believe the market is poised for high growth in the areas like unified communications,
clustering, high availability computing and data centres. With our established strengths in these areas, we were looking for
an aggressive and large organization which would provide us with synergy, help us with investments and carry us to the big
league. In the circumstances, we are happy to have Joined hands with 3i Infotech," said Vijay K Wadhi, President; Locuz
Enterprise Solutions. Mr. Rajiv Malhotra, Innovative Solutions, New Delhi was the advisor to both the parties."
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BSE
08-May-2008 |
Abbott India Ltd has informed BSE that the members at the 64th Annual General Meeting (AGM) of the Company held on April 08,
2008, inter alia, have also transacted the following: 1. Adoption of the Balance Sheet as at November 30, 2007 and the
Profit & Loss Account of the Company for the year ended on that date together with the Report of the Directors and Auditors
thereon. 2. Re-appointment of Mr. Munir Shaikh & Mr. R A Shah, as Directors of the Company. 3. Appointment of Messrs.
Deloitte Haskins & Sells, Chartered Accountants, Mumbai as Auditors of the Company to hold office from the conclusion of this
Annual General Meeting until the conclusion of the next Annual General Meeting of the Company.
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BSE
08-May-2008 |
Amforge Industries Ltd has informed BSE that the E-mail ID for Investor Grievance is : amfcosec@mtnl.net.in
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BSE
08-May-2008 |
Asian Granito India Ltd has informed BSE that pursuant by an order dated April 01, 2008, the Honourable High Court of Gujarat
at Ahmedabad has directed that a meeting of the Shareholders of the Company will be held on May 08, 2008., for the purpose
of considering and if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of
Amalgamation between Asian Tiles Ltd (Transferor Company) and Asian Granito India Ltd (Transferee Company) and their
respective members and creditors.
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BSE
08-May-2008 |
Basant Agro Tech India Ltd has informed BSE that the Company will be submitting the Audited Financial results for the year
ended March 31, 2008 in the month of June 2008. Hence the Company is not giving the un-audited financial results for the
quarter ended March 31, 2008.
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BSE
08-May-2008 |
With reference to the news item appearing in a leading financial daily titled "Bihar Sponge Iron gets mine strength", Bihar
Sponge Iron Ltd has clarified to BSE as under: 1. The Company had not issued the News article in the financial daily. 2.
The Company confirm that, for its Mining activity, it is looking for a strategic tie-up for the operation of Mine. 3. As
regards to the operation of the Mine is concern, it will take at least two years for the Mine to become operative.
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BSE
08-May-2008 |
Emkay Share & Stock Brokers Ltd has informed BSE that the Members of the Company, by way of postal ballot, have passed the
Special Resolution, subject to the approval of the Central Government, the name of the Company be changed from 'EMKAY SHARE
AND STOCK BROKERS LTD' to "EMKAY GLOBAL FINANCIAL SERVICES LTD" and that the name 'EMKAY SHARE AND STOCK BROKERS LTD'
wherever it appears in the Memorandum and Articles of Association of the Company be substituted by the new name.
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BSE
08-May-2008 |
Fomento Resorts & Hotels Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company
held on April 30, 2008, inter alia, have accorded the Board to create, offer, issue and allot by way of Public Issue, Rights
Issue, or otherwise, with or without provision for reservation on firm and / or competitive basis, of such part of issue and
for such categories of persons as may be permitted in the course of one or more public offerings, equity shares to all
eligible investors, including residents and / or non-residents and / or institutions / banks and / or incorporated bodies and
/ or individuals and / or trustees and / or stabilizing agent or otherwise and whether or not such investors are Members of
the Company, through one or more prospectus and/or letter of offer or circular by way of public offer which on issue and
allotment could give rise to the issue of an aggregate face value of equity shares not exceeding 40% of the authorized equity
share capital of the Company. Such issue and allotment to be made at such time or times in one or more tranche or tranches,
at such price or prices, at market price(s) or at a discount or premium to market price(s) including at the Boards discretion
at different price(s) to retail investors defined as such under relevant rules, regulations and guidelines of the relevant
authority, in such manner including allotment to stabilizing agent(s) in terms of green shoe option if any exercised by the
Company and where necessary in consultation with the Book Running Lead Managers and /or Underwriters and/or 5tabilizing
Agent(s) and / or other Advisors or otherwise on such terms and conditions, including issue of Securities as fully or partly
paid, making of calls and manner of appropriation of application money or call money in respect of Equity Shares as the Board
may in its absolute discretion decide at the time of issue of the Equity Shares, subject to necessary provisions &
approvals.
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BSE
08-May-2008 |
Gujarat Terce Laboratories Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company
will be held on May 15, 2008, inter alia, to amend the Articles of Association of the Company, 1100,000 (Eleven Lac Only)
Equity Shares of Rs 10/- each for cash at par aggregating value of Rs 110,00,000 (One Crore Ten Lac Only) be Issued in
preferential and / or private offerings including private placement, in Indian markets to promoters and any group of
investors as may be decided by the Board in its absolute discretion, subject to necessary provisions & approvals.
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BSE
08-May-2008 |
ITD Cementation India Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on
April 30, 2008, inter alia, has been carried out the business mentioned in the notice.
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