Indian Stock News

Hanil Era Textiles secures export order worth Rs 300 mn

Hanil Era Textiles Ltd has announced that the Company has bagged a large export order worth Rs 300 million.

The huge export order has come to the company from existing clients and its existing capacity can easily take care of this order. The company has three months to deliver this order, i.e. the order has to be completed by the end of Q3 (December 2005). The company is expecting more such orders in the future.

The Company has a capacity to produce 1200-1250 tonnes of yarn per month. It has recently completed its modernization programme for spindles, and has partially commenced weaving capacity with 36 looms. This marks its entry into the lucrative market for home furnishings.

 

Nirma declares dividend at the rate of 50%

 

Nirma Ltd`s board at the 25th annual general meeting of the company held September 27, 2005 has declared the dividend at the rate of 50% as recommended by the board of directors of the company and has re-appointed Rajendra D Shah, Rakesh K Patel and Hirenbhai K Patel as directors of the company.

Pritish Nandy Communications declares 10% dividend

Pritish Nandy Communications Ltd`s board at the 12th Annual General Meeting of the company held on September 27, 2005 have passed the resolution to declare dividend at the rate of 10% on the paid-up equity share capital of the company for the financial year ended March 31, 2005. The board has decided to re-appoint Sharokh Sabavala as director of the company. The board has appointed of Udayan Bose as director of the company. The board has also approved the appointment of Ms. Rangita Pritish-Nandy as a director of the company and further as a wholetime director w.e.f. January 31, 2005. It has approved the re-appointment of Pallab Bhattacharya as a wholetime director & CEO of the company w.e.f. February 18, 2005 and has also approved of Ishita Pritish Nandy for holding office of profit.

 

Usha International declares 50% dividend

Usha International Ltd`s board has approved 50 per cent dividend for the financial year ended on March 31, 2005

The board has re-appointed N K Goila, as director of the Company.

Shares of Usha International were last traded on the BSE at Rs 278, down by 2.80 per cent.

 

 

 

 

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