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Orbit Corporation BSE NOTICES

Orbit Corporation Ltd has informed BSE that pursuant to the shareholders' approval at the Extra-Ordinary General Meeting of the Company held on July 09, 2009, the Compensation Committee Meeting held on January 27, 2010, has approved the grant of options to the extent of 188,000 Equity Shares (One Lacs Eighty Eight Thousand Equity Shares) to the eligible participants under Employee Scheme Option Plan 2009 (ESOP).

Source: BSE
Courtesy moneycontrol.com

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Orbit Corporation BSE NOTICES

Orbit Corporation Ltd has informed BSE that the Company has won the Annual CNBC AWAAZ - CRISIL - CREDAI Real Estate Awards 2009 in the category of "Best Residential Property" (under 1 lac square feet) for Company's Villa Orb Project at Darabshaw Lane, Opp. Palm Beach School, Mukesh Chowk, Nepensea Road, Mumbai - 400006 at the function held in Dubai on January 23, 2010.

Source: BSE
Courtesy moneycontrol.com

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Orbit Corporation BSE NOTICES

Orbit Corporation Ltd has informed BSE that Mr. Shahzaad Siraj Dalal has been appointed as an Additional Director (Non - Executive Independent Director) of the Company in the Board Meeting held on January 27, 2010 with immediate effect.

Source: BSE
Courtesy moneycontrol.com

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Orbit Corporation NSE NOTICES

Orbit Corporation Limited has informed the Exchange that Mr. Shahzaad Siraj Dalal has been appointed as an Additional Director (Non - Executive Independent Director) of the company in the Board Meeting held on January 27, 2010 with immediate effect.

Source: NSE
Courtesy moneycontrol.com

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Orbit Corporation

Orbit Corporation Ltd has informed BSE that pursuant to an Investment Agreement dated January 27, 2010, IL&FS Trust Company Ltd., IIRF India Realty X Ltd., Moltana Holdings Ltd., (collectively, "Investors"), have agreed to make an investment of upto 165,00,00,000/- (Rupees One Hundred Sixty Five Crores only) in Orbit Highcity Pvt. Ltd. a wholly owned subsidiary Company of the Orbit Corporation Ltd., Mumbai. The said Investment would be used to develop township projects at Mandwa in Mumbai Metropolitan Region.

Source: BSE
Courtesy moneycontrol.com

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Orbit Corporation

Orbit Corporation Limited has informed the Exchange that:"Pursuant to an Investment Agreement dated January 27, 2010, IL&FS Trust Company Limited, IIRF India Realty X Limited, Moltana Holdings Limited, (collectively, "Investors"), have agreed to make an investment of upto 165,00,00,000/- (Rupees One Hundred Sixty Five Crores only) in Orbit Highcity Pvt. Ltd. a wholly owned subsidiary company of Orbit Corporation Limited, Mumbai. The said Investment would be used to develop township projects at Mandwa in Mumbai Metropolitan Region".

Source: NSE
Courtesy moneycontrol.com

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Orbit Corp Q3 net profit up at Rs 32 cr

Orbit Corporation has declared its third quarter results. It has reported consolidated net profit of Rs 32 crore versus Rs 24.9 crore, on quarter-on-quarter basis (QoQ).

Consolidated net sales rose to Rs 149.6 crore from Rs 140.7 crore (QoQ).

Orbit Corporation sold 21.6% stake in Mandwa SPV to IL&FS for Rs 165 crore.

Source: CNBC-TV18
Courtesy moneycontrol.com

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