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Orchid Chemicals & Pharmaceuticals Ltd
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Unaudited Financial Results for six months ended September
30, 2005
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(Rs.Lakhs)
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| Sl No |
Particulars |
Three months ended
September 30, 2005
(Unaudited)
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Three months ended
September 30, 2004
(Unaudited)
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Six months ended
September 30, 2005
(Unaudited)
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Six months ended
September 30, 2004
(Unaudited)
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Year ended March 31, 2005
(Audited)
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1
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Sales and Operating Income |
23931.56
|
16377.26
|
40957.31
|
33763.69
|
68929.44
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2
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Other Income |
111.34
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59.74
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155.16
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99.86
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82.24
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3
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Total Expenditure |
16555.28
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12226.58
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29038.82
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25929.07
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52700.71
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a) Decrease/(Increase) in Stock in trade |
(1144.34)
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(849.40)
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(3473.53)
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(824.67)
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(9837.95)
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b) Consumption of raw materials |
10485.83
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7507.40
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19877.06
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16295.05
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39400.50
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c) Staff Cost |
1550.02
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1320.12
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2958.41
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2547.09
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5438.09
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d) Other Expenditure |
5663.77
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4248.46
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9676.88
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7911.60
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17700.07
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4
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Profit before Interest, Depreciation & Tax (1+2-3)
|
7487.62
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4210.42
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12073.65
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7934.48
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16310.97
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5
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Interest and Finance Charges |
2406.51
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1894.19
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4482.63
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3580.46
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7231.00
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6
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Depreciation |
2134.33
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1549.86
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3824.86
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3079.12
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6189.20
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7
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Profit before tax (4-5-6) |
2946.78
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766.37
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3766.16
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1274.90
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2890.77
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8
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Provision for Taxation |
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Current Tax |
-
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60.88
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46.00
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99.97
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194.60
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Deferred
Tax |
180.00
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309.68
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180.00
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309.68
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(404.93)
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Fringe
Benefit Tax |
45.00
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-
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85.00
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-
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-
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9
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Net Profit (7-8) |
2721.78
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395.81
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3455.16
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865.25
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3101.10
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10
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Paid- up Equity Share Capital (Face value of
Rs. 10 each) |
5213.08
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3238.19
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5213.08
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3238.19
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3413.19
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11
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Reserves excluding Revaluation Reserves |
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-
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-
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43714.20
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12
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Basic Earnings per Share (Rs.) |
5.22*
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0.81**
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6.63*
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1.78**
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6.36**
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| 13 |
Diluted Earnings per Share (Rs.) |
5.06*
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0.79**
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6.42*
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1.72**
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6.15**
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| 14 |
Aggregate of Non-Promoter Shareholding |
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-No of equity shares of Rs. 10/-each |
41201925
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27508889
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41201925
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27508889
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27495965
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-Percentage of Shareholding |
79.04
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84.95
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79.04
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84.95
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80.56
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| SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED |
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(Rs.Lakhs)
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| Particulars |
Three months ended
September 30, 2005
(Unaudited)
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Three months ended
September 30, 2004
(Unaudited)
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Six months ended
September 30, 2005
(Unaudited)
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Six months ended
September 30, 2004
(Unaudited)
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Year ended March 31, 2005
(Audited)
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| 1. Segment Revenue |
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| a. Bulk |
18110.47
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14084.59
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32778.59
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29138.90
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60092.68
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| b. Formulations |
8546.79
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2470.33
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12045.21
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4952.02
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9620.20
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| Total |
26657.26
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16554.92
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44823.80
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34090.92
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69712.88
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| Less: Inter segment revenue |
2725.70
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177.66
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3866.49
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327.23
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783.44
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| Net Sales / Income from Operations |
23931.56
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16377.26
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40957.31
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33763.69
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68929.44
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| 2. Segment Results: (Profit/(Loss) before interest
& tax) |
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| a. Bulk |
2232.21
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2672.12
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4787.83
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4781.58
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9999.90
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| b. Formulations |
3009.74
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(71.30)
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3305.79
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(26.08)
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39.63
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| Total |
5241.95
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2600.82
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8093.62
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4755.50
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10039.53
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| Less: i) Interest (Net) |
2406.51
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1894.19
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4482.63
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3580.46
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7231.00
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| ii) Other unallocable expenditure net of unallocable
income |
(111.34)
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(59.74)
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(155.17)
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(99.86)
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(82.24)
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| Total Profit Before Tax |
2946.78
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766.37
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3766.16
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1274.90
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2890.77
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| 3. Capital Employed |
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| a. Bulk |
129748.05
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119386.29
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129748.05
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119386.29
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127174.23
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| b. Formulations |
36611.04
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17130.57
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36611.04
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17130.57
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21739.24
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| Total |
166359.09
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136516.86
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166359.09
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136516.86
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148913.47
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| * EPS is for the period (not annualised)
after providing for taxes. |
| ** EPS for earlier periods adjusted
for the bonus issue. |
- The above financial results were taken on record by the Board of Directors
at its meeting held on Thursday, October 13, 2005
- The Allotment Committee of the Board have allotted shares as follows
:
- 1,80,000 shares to Promoter / Promoter Group on August 02, 2005 at
a price of Rs. 212.18 per share on conversion of warrants
- 59,485 shares (44,320 shares at Rs.243.35 per share and 15,165 shares
at Rs.252/- per share) to employees under ORCHID-ESOP 1999 Scheme, on
August 02, 2005.
- 70,000 shares to Promoter / Promoter Group on August 31, 2005 at a
price of Rs. 339.41 per share on conversion of warrants.
- 3,00,676 shares (1,85,084 shares at Rs.243.35 per share and 1,15,592
shares at Rs.252/- per share) to employees under ORCHID-ESOP 1999 Scheme,
on August 31, 2005.
- 1,73,76,940 shares on September 21,2005 to the members as on Record
Date September 17, 2005 as bonus shares.
- During the quarter, the Board allotted 25,00,000 warrants to Promoter
/ Promoter Group at a price of Rs. 339.41 per warrant each convertible
into one equity share.
- The Board has adjusted the number and the price of unexercised warrants
[issued to the Promoter/Promoter Group(s)], unexercised Employee Stock
Options consequent to the recent bonus issue in the ratio of one equity
share for every two shares held. The number has been adjusted by multiplying
by one and half and the price has been adjusted by multiplying by two-thirds.
- The above accounts have been subjected to Limited Review by the Statutory
Auditors
- Figures for the previous periods have been regrouped wherever necessary
- The Company received 6 complaints during the quarter ended September
30, 2005 from the shareholders and all the complaints have been resolved
and no complaints were pending as on September 30, 2005
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Place : Chennai
Date : October 13, 2005
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For and on behalf of the Board
K.Raghavendra Rao
Managing Director
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