ITV

Tag: approves

  • Sri Adhikari Brothers Television Network Ltd EGM approves stock split

    MUMBAI: Sri Adhikari Brothers Television Network Ltd has informed the Bombay Stock Exchange (BSE) that the members at the Extra Ordinary General Meeting (EGM) of the Company held on 7 December, inter alia, have passed the following resolutions:
     
     

    Sub-division of the Nominal Value of the Equity Shares of Rs 10/- each into five Equity Shares of Rs 2 each and consequential alteration in Memorandum & Articles of Association of the Company.
     
     

    Re-appointment of Markand Adhikari as vice chairman & managing director of the Company for a period of 5 years with effect from 18 August, 2005.

  • Sri Adhikari Brothers Board approves stock split

    MUMBAI: Sri Adhikari Brothers Television Network Ltd has informed the Bombay Stock Exchange (BSE) that the Board of Directors of the Company has approved the stock split.

    A meeting held on 29 October approved the proposal for sub-division of existing Equity Shares of Rs 10 each, into five equity shares of Rs 2 each.

    Accordingly, the existing 92,83,500 equity shares of Rs 10/- each fully paid up will be sub-dividend into 4,64,17,500 equity shares of Rs 2/- each fully paid up, subject to the approval of members in the General Meeting.
     

  • Zee board approves 100% dividend

     

    MUMBAI: Zee Telefilms, at the its AGM held today, has approved dividend at 100 per cent per equity share of Re 1/- each.
     
     
     

    The AGM also cleared the appointment of CMD Subhash Chandra’s eldest son Punit Goenka as whole time director for a period of 5 years effective from 1 January, 2005 and Laxmi Goel as whole time director of the company for a period of five years effective 1 April, 2005.
     
     
     

    The AGM also cleared the appointment of Ratan Jetley as director liable to retire by rotation.

  • HTMT approves 20 per cent dividend for FY 02-03

    MUMBAI: At the annual general meeting held on Monday, Hinduja TMT approved a final dividend of 20 per cent for FY 02-03.
    This would make a total dividend of Rs 7/- per share (70 per cent) including the interim dividend of Rs 5/- per share already paid in the month of May this year, according to an official release. 
    HTMT, in its presentation to the shareholders, claimed that it has diversified its services to propel its BPO offering to the higher end of the value chain, strengthening its infrastructure and enlarging its geographical foot-print.
    HTMT, says the release, has been ranked as the second largest health care BPO Company in India by Business World magazine recently with more than 500 processors working in the insurance claim-processing segment. The company also quotes a Nasscom survey to point out that HTMT is the ninth largest third-party ITES company in the country. 
    While third-party ITES companies in India had achieved a growth of 28 per cent in terms of revenue in FY 02-03, HTMT has in the same period, achieved a growth of 82 per cent, says the release.
    HTMT has taken on lease a building with an area of 80,537 sq ft and a seating capacity of 1400 to meet the growing requirements of its state-of-the-art Offshore Development Center at Bangalore which already has area of 52,000 sq ft and 1,050 seat capacity.
    The flagship cable subsidiary of HTMT, Indusind Media and Communications Limited (IMC) will have high intrinsic value on Kudelski S A, Switzerland investing US$ 12 million for 2.41 per cent equity stake at a valuation of US$ 500 million of IMC, says the release.
    The Company’s IT turnover and PAT increased from Rs 550 million and Rs 340 million respectively in 2001-02 to Rs 1 billion and Rs 560 million in 2002-03, says the release.