Bihar Sponge - Outcome of Share Transfer Committee Meeting

Bihar Sponge Iron Ltd has informed BSE that a meeting of Share Transfer Committee was held on May 09, 2008 for allotment of 1,17,93,333 equity shares of Rs 10/- each at a premium of Rs 20/- per share aggregating to Rs 35.38 Crores to M/s Moderate Leasing and Capital Services Ltd in terms of shareholders approval in their Extra ordinary General Meeting held on March 20, 2008 and para 8.6 - “other terms and conditions” of the Rehabilitation Scheme dated July 29, 2004 sanctioned by the Board for Industrial Financial Reconstruction (BIFR).

Asian Paints announces Q4 & FY 08 results

Asian Paints Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Audited results
for the Quarter ended March 31, 2008

The Company
has posted a net profit after prior period items of Rs 848.40 million for the quarter ended March 31, 2008 as compared to Rs 711.60 million for the quarter ended March 31, 2007. Total Income has increased from Rs 7402.60 million for the quarter ended March 31, 2007 to Rs 8797.10 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Company
has posted a net profit after prior period items of Rs 3752.00 million for the year ended March 31, 2008 as compared to Rs 2720.50 million for the year ended March 31, 2007. Total Income has increased from Rs 28617.40 million for the year ended March 31, 2007 to Rs 34787.40 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Unaudited consolidated results for the Quarter ended March 31, 2008

The Group has posted a net profit attributable to shareholders of Rs 945.20 million for the quarter ended March 31, 2008 where as the same was at Rs 666.10 million for the quarter ended March 31, 2007. Total Income is Rs 11464.00 million for the quarter ended March 31, 2008 where as the same was at Rs 9725.60 million for the quarter ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a net profit attributable to shareholders of Rs 4091.80 million for the year ended March 31, 2008 where as the same was at Rs 2810.30 million for the year ended March 31, 2007. Total Income is Rs 44662.80 million for the year ended March 31, 2008 where as the same was at Rs 37072.20 million for the year ended March 31, 2007.

Asian PPG Industries Ltd., a joint venture of the Company had acquired ‘2K Business’ from ICI Paints on March 16, 2007. Financials for 2007-08 include profit and sales from ‘2K Business’ and hence the figures are strictly not comparable in the above results for the year ended March 31, 2008.

Glittek Granites - Board Meeting on May 14, 2008

Glittek Granites Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 14, 2008, inter-alia, to consider the allotment of 7826000 equity shares on preferential basis to the promoters/promoter group and a strategic Investor, pursuant to the approval received from the shareholders by way of the special resolution in the Extra ordinary general meeting held on April 08, 2008.

Arshiya International - Updates

Arshiya International Ltd has informed BSE that pursuant to the approval of “Arshiya Employee Stock Option Plan 2007″ (”the said Plan”), by the Board of Directors of the Company at its meeting held on January 28, 2008 and further to grant of options to the employees of the Company and its subsidiaries / subsidiaries of such subsidiaries as Trench I at a meeting of Compensation Committee of the Board of Directors held on February 15, 2008, the Compensation Committee at its subsequent meeting held on April 24, 2008, has approved grant of Options as Tranch II at a grant price of Rs 210/- per Option under the said Plan as under:

- Employees of the Company : 1,06,300 No of Stock Options Granted

- Employees of subsidiaries / subsidiaries of such subsidiaries : 27,600 No of Stock Options Granted.

Sintex Industries - Utilization of Funds

Sintex Industries Ltd has informed BSE regarding quarterly statement indicating utilization of the proceeds of Issue of 1,32,00,000 Warrants to Promoters on a preferential basis upto March 31, 2008.

The Company
has received an amount of Rs 170.03 Crores till March 08, 2008

--------------------------------------------------------------------------------------------

Utilised Funds							Amount (in Crores)
--------------------------------------------------------------------------------------------

For Capital Expenditure						155.09

Repayment of Loans						13.33
--------------------------------------------------------------------------------------------
								168.42
--------------------------------------------------------------------------------------------

Un-utilised Funds

--------------------------------------------------------------------------------------------

Investment in Mutual Funds					1.61
--------------------------------------------------------------------------------------------

Total								170.03
--------------------------------------------------------------------------------------------

Mphasis - Exercise of Stock Options

Mphasis Ltd has informed BSE that the exercise of the following stock options have been approved by the ESOP Committee of the Company:

1. Scheme: 1998 Plan Version I & II
Options Exercised: -

2. Scheme: ESOP 2000 plan
Options Exercised: 100

3. Scheme: ESOP 2003 plan
Options Exercised: -

4. Scheme: ESOP 2004 plan
Options Exercised: 1,676

The terms and time period of exercise of the stock options is as per the relevant ESOP Schemes.

UTV Software - Allotment of equity shares on Preferential basis

UTV Software Communications Ltd has informed BSE that pursuant to the authority granted by the Board of Directors to the Shareholders Investor / Grievance Committee, the committee at their meeting held on May 09, 2008 allotted 93,52,500 equity shares of Rs 10/- each at a issue price of Rs 860.79 per equity share aggregating to around Rs 8050 million to The Walt Disney Company (Southeast Asia) Pte Ltd on the terms contained in the resolution approved by the members at their Extra Ordinary General meeting held on March 17, 2008.

Gemini Communication Board to consider stock split

Gemini Communication Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 19, 2008, inter alia, to decide the following business:

1. To consider, adopt and publication of audited financial results of the Company for the financial year ended March 31, 2008.

2. To recommend dividend on the paid up equity share capital of the Company for the financial year ended March 31, 2008.

3. To split the equity shares of the company.

Everonn Systems - Outcome of Board Meeting

Everonn Systems India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 09, 2008, has approved Preferential Allotment of 12,69,219 Equity Shares and 3,62,634 Warrants convertible into Equity Shares, aggregating Rs 940 Million, to SEBI registered FIIs, subject to requisite shareholder / regulatory and other approvals.

The Board of Directors of the Company at its meeting held on May 09, 2008, has also approved Preferential Allotment of 7,00,000 Warrants convertible into Equity Shares, aggregating Rs 504 Million, to promoters / persons from promoter group, subject to requisite shareholder / regulatory and other approvals.

The aforesaid Preferential Allotment would, subject to approval of the shareholders and other regulatory authorities, be, inter alia, in compliance with the provisions of SEBI (DIP) Guidelines, 2000 for Preferential Allotment.

In this regard, the Board of Directors has also approved convening an Extra Ordinary
General Meeting of the Members of the Company on June 03, 2008, inter alia, to seek and
obtain the approval of the members for the Preferential Allotment of Equity Shares and  Warrants.

Cummins India - FY 08 results on May 22, 2008

Cummins India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 22, 2008, inter alia, for:

1. Considering accounts for the financial year ended March 31,2008;

2. Approving the audited financial results for the year ended March 31, 2008; and

3. Considering recommendation of Final Dividend for the year ended March 31, 2008.