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Engineers India NSE NOTICES

Engineers India Limited has informed the Exchange that "The Board of Directors in its meeting held on Thursday, the 28th January, 2010, considered, inter-alia, the proposal of "Special Interim Dividend - 2009-2010" on Equity Shares and the Board accorded its approval for making application under Section 205-A and other applicable provisions of the Companies Act, 1956 to the Central Government (Department of Company Affairs) and/ or to such other authorities from whom any such approval may be required under any other statue(s), requesting therein to accord approval for the payment of dividend by the Company to its shareholders at the rate of Rs.100/- (Rupees one hundred only) per share of the Company (of the face value of Rs.10/- each) aggregating to a sum of Rs.561.56 crores and dividend distribution tax as applicable thereon out of reserves of the Company, which is otherwise available for distribution. The Board also decided that upon receipt of the approval from the Central Government (Department of Company Affairs / Ministry of Corporate Affairs) and / or such other authorities, as the case may be, the board of directors shall meet again to work out the modalities for declaration and payment of such special interim dividend out of reserves as per the terms and conditions, as may be mentioned in the said approval(s), and to do such other acts and deeds as may be considered necessary in this regard and to do such other things incidental and ancillary thereto".

Source: NSE
Courtesy moneycontrol.com

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Engineers India BSE NOTICES

Engineers India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2010, inter alia, has considered, the proposal of "Special Interim Dividend - 2009-2010" on Equity Shares and the Board accorded its approval for making application under Section 205-A and other applicable provisions of the Companies Act, 1956 to the Central Government (Department of Company Affairs) and/ or to such other authorities from whom any such approval may be required under any other statue(s), requesting therein to accord approval for the payment of dividend by the Company to its shareholders at the rate of Rs. 100/- (Rupees one hundred only) per share of the Company (of the face value of Rs.10/- each) aggregating to a sum of Rs.561.56 crores and dividend distribution tax as applicable thereon out of reserves of the Company, which is otherwise available for distribution. The Board also decided that upon receipt of the approval from the Central Government (Department of Company Affairs / Ministry of Corporate Affairs) and / or such other authorities, as the case may be, the board of directors shall meet again to work out the modalities for declaration and payment of such special interim dividend out of reserves as per the terms and conditions, as may be mentioned in the said approval(s), and to do such other acts and deeds as may be considered necessary in this regard and to do such other things incidental and ancillary thereto.

Source: BSE
Courtesy moneycontrol.com

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Engineers India BSE NOTICES

Engineers India Ltd has informed BSE that Shri. Ram Singh, Executive Director (Finance), Bharat Petroleum Corporation Ltd., has been appointed as Director (Finance), Engineers India Ltd, New Delhi, vide Ministry of Petroleum & Natural Gas letter dated January 22, 2010. Shri. Ram Singh has assumed the charge of Director (Finance) from January 28, 2010.

Source: BSE
Courtesy moneycontrol.com

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Engineers India BSE NOTICES

Engineers India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 28, 2010, inter alia, : 1. To consider and approve the Un-audited Financial Results of the Company for the quarter ended December 31, 2009. 2. To consider the proposal for Special Interim Dividend on the equity shares of the Company for the financial year 2009-2010.

Source: BSE
Courtesy moneycontrol.com

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EIL Q3 net profit up at Rs 111 cr

Engineers India has announced its third quarter results. The company's Q3 net sales were down at Rs 493.8 crore versus Rs 528.4 crore, year-on-year, YoY.

Its net profit was up at Rs 111 crore versus Rs 69 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 76.13 per share. (Sep, 2009)

The stock's price-to-earnings (P/E) ratio stands at 28.06.

Source: CNBC-TV18
Courtesy moneycontrol.com

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Saturday, January 16, 2010

Engineers India locked at 20% upper circuit

Engineers India touched a 52-week high of Rs 2,079.70. At 10:20 am, the share was quoting at Rs 2,079.70, up Rs 346.60, or 20%.

The Cabinet Committee on Economic Affairs has approved a proposal to sell 10% government stake in Engineers India, reports CNBC-TV18.

There were pending buy orders of 78,442 shares, with no sellers available.

It was trading with volumes of 43,967 shares, compared to its five-day average of 19,784 shares, an increase of 122.23%.

Yesterday the share closed up 4.40% or Rs 73.05 at Rs 1,733.10.

The Cabinet Committee on Economic Affairs has approved a proposal to sell 10% government stake in Engineers India. This will be done through a follow-on public offering (FPO), and will only involve the sale of government stake, and not a fresh issue.

Before the public offering, however, EIL will issue two bonus shares for every one share held in the company. It will also split the existing share, which has a face value of Rs 10, into two shares of Rs 5 each.

In addition, EIL will declare a 1,000% special dividend.

After the FPO, the government's stake in the company will come down to 80.4% from the current 90.4%. The issue is likely to hit the market in April or May.

Share Price Movement During The Last 12 Months

Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss

3-Days 1654.25 2079.70 425.45 25.72

5-Days 1548.60 2079.70 531.10 34.30

7-Days 1547.55 2079.70 532.15 34.39

15-Days 1544.55 2079.70 535.15 34.65

1-Month 1379.75 2079.70 699.95 50.73

3-Month 1167.90 2079.70 911.80 78.07

6-Month 950.70 2079.70 1,129.00 118.75

9-Month 636.00 2079.70 1,443.70 227.00

1-Year 446.40 2079.70 1,633.30 365.88

Source: Moneycontrol.com
Courtesy moneycontrol.com

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Friday, January 15, 2010

Cabinet okays 10% stake sale in Engineers India

The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to sell 10% government stake in Engineers India. This will be done through a follow-on public offering (FPO), and will only involve the sale of government stake, and not a fresh issue.

At 10:20 am the share was quoting at Rs 2,079.70, up Rs 346.60, or 20.00%

In addition, EIL will declare a 1,000% special dividend.

After the FPO, the government's stake in the company will come down to 80.4% from the current 90.4%. The issue is likely to hit the market in April or May.

Source: Moneycontrol.com
Courtesy moneycontrol.com

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