Starchik Specialities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 25, 2008, inter alia, has taken the following decisions:

1. The Board discussed and approved the draft Scheme of Reconstruction of Capital involving Reduction of Capital with simultaneous Preferential Issue of upto 46,00,000 shares / warrants u/s 391- 394 of the Companies Act, 1956 and the Board has authorized Shri. Sanjay Kumar Sanghi, Managing Director and Shri. Ritesh Kumar Sanghi, Director, to take all necessary steps for filing the scheme with the Stock Exchanges / High Court of Andhra Pradesh.

2. The Board also finalized the appointment of Advocate for the High Court process.

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Datamatics Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 25, 2008, has unanimously approved the scheme of amalgamation and demerger of Datamatics Ltd and its associated Companies with Datamatics Technologies Ltd. All the Transferee Companies and the Transferor Companies in the Scheme are part of the same arrangement.

Further, in order to consolidate its domestic operations, the scheme also provides on amalgamation of its subsidiaries primarily engaged in domestic operations.

As per the Scheme of Amalgamation, shareholders of Datamatics Ltd will receive 1.21 fully-paid up equity shares of Datamatics Technologies Ltd of Rs 5/- each of every 1 fully paid up equity shares of Rs 10/- each of Datamatics Ltd.

The scheme of amalgamation is pursuant to the provisions of Sections 391 to 394 and other applicable provisions of the Companies Act, 1956 and is subject to the approval of shareholders, creditors and the High Court of Judicature, Bombay. The Scheme of amalgamation and de-merger will be operative with effect from April 01, 2008.

“The Proposed amalgamation and demerger would help position the Company as one stop-shop offering end-to-end solutions spanning consulting, technology, architecture and business process management including both IT and ITes services for global customers. It will also result in better control on operations, reduction of cost and being profitability” said Rahul L Kanodia, Vice Chairman & CEO.

Enam Securities Pvt Ltd and Deloitte Haskins & Sells were the Advisers to the Company on the above transaction .

In this Meeting, the Board also re-appointed Mr. Vidur V Bhogilal as Executive Director and Chief Financial Office for tenure of 5 years.

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Channel Guide India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2008, inter alia, to transact the following business:

1. To adopt Audited Accounts of the Company for the Financial Year ended March 31, 2008.

2. To call Annual General Meeting of the Members of the Company for the financial Year 2007-2008 on July 30, 2008.

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Larsen & Toubro a USD 5 billion technology, engineering and Construction Company with global operations, go down 10.26pct on today after the management think that the company is probable to acquire losses in the range of Rs 1.50 to Rs 2 billion related to commodities derivatives.

Currently, the stocks of the company are trading at Rs 2,681.70 at the BSE evaluate to the earlier day’s close of Rs 2,988.20. A total of Rs 666,171 shares have changed hands at the BSE. The stock has shown a go down of 17.9pct over the week and 21.49pct more than a month.

The company reported, “A big leap just in net profits for the quarter ended December 2007. All through the quarter, the company saw a 40.10pct increase in profits to Rs 4,817.90 million from Rs 3,439 million in the same quarter last year. The sales for the quarter rose 54.98pct to Rs 63,826.80 million evaluate with the corresponding quarter, a year ago.

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Sajjan Jindal-led JSW Steel on today said, “It will issue one equity share for all 22 held in Southern Iron and Steel Company Ltd (SISCOL) for merger of the two companies.”

The company said in a filling to the BSE, “As per the scheme of amalgamation, the equity shareholders of SISCOL would be issued one share in the merged entity for every 22 shares held.”

With this share swap ratio, the equity capital of JSW Steel would stand increased to Rs 179.05, from the existing Rs 164.01 crore. Last month the Bombay High Court had agreed the plan of amalgamation amid the two companies.

JSW Steel said, “The plan has been made effectual from 7th March.” Shares of JSW Steel were trading at Rs 915.20, downward 2.47 pct on the BSE.

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Hindustan Zinc has fall by 3.5pct to Rs572. The company declares, “It increased lead prices by Rs1, 300, or 0.9pct, to Rs149, 600 per metric ton from March 8. The price of zinc was left unmoved at Rs127, 300 a ton.”

The scrip has stroked an intra-day elevated of Rs and a low of Rs and has recorded volumes of more than shares on NSE.

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Foray of TVS Motor Company into three-wheeler market with the start on of TVS King didn’t evoke any optimistic response from the investors.

The stock fall 4.65 pct to Rs 37.90 on today on volume of 1, 24,254 shares against two-week average of 9,24,182 shares.

The scrip has been in a downtrend as it shed 11.14 pct in the past one week. TVS King is 200 cc two stroke auto rickshaws. The vehicle would come in both LPG and petrol versions.

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Today Indian shares opened 1.8 pct lesser on today and rapidly extended losses to in excess of 3 pct, led down by L&T Ltd and ICICI Bank Ltd.

The 30-share BSE index was down 3.03 pct or 483.44 points at 15,492.08. The 50-issue NSE index was down 2.46 pct at 4,654.15 at 9:56 a.m

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Marg Constructions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2008 has Constituted a Committee of Directors named “Committee for Allotment” for the purpose of allotment of Convertible Warrants and Shares arising on conversion thereof and allotment of Shares to Qualified Institutional Buyers under Chapter XIII and XIIIA of SEBI (Disclosure and Investor Protection Guidelines, 2000) pursuant to approval of members in their Extra ordinary General Meeting held on March 05, 2008.

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Ansal Properties & Infrastructure Ltd has informed BSE that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

“1. Reference is invited to Note No 2 of the unaudited statement of financial results regarding the change in the basis of accounting from April 01, 2007. The impact due to change in the case of stand alone financial, results for the quarter ended December 31, 2007 is increase in sales and profit before tax by Rs 279 lacs and Rs 40 lacs respectively and in the case of results of nine months period ended December 31, 2007, increase in sales and profit before tax by Rs 590 lacs and Rs 339 lacs respectively.

2. The financial statements are subject to adjustments pursuant to the limited review carried out by the auditors as under:

i. In the case of stand alone statement of financial results for the quarter ended December 31, 2007, the profit after tax is Rs 4498 lacs as against the published figure of Rs 4,891 lacs; and in the case of nine month period ended December 31, 2007 the profit after tax is Rs 12,912 lacs as against the published figure of Rs 13,305 lacs;

ii. the basic and diluted earnings per share (EPS) in the case of stand alone statement of financial results for the quarter ended December 31, 2007 are Rs 3.96 and Rs 3.90 respectively instead, of published figure of Rs 4.31 and Rs 4.24 and in the case of financial statements for the nine months period ended December 31, 2007 the figures are Rs 11.38 and Rs 11.20 instead of Rs 11.72 and Rs 11.54 mentioned in the published results.”

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