An electrical goods manufacturing firm, Havells India Ltd, said its board has recommended bonus issue of equity shares in the ratio of one equity share of Rs5 each for every one share held by members.
The company's board also considered final dividend of 50% or Rs2.50 per equity share of Rs5 each for the financial 2009-10.
Pursuant to the Delhi High Court's Order sanctioning the scheme of arrangement, the board has also approved the allotment of 2,219,000 equity shares to the shareholders of Standard Electricals Ltd.
On Friday, Havells India shares closed 3.48% up at Rs813 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.
IT services company Glodyne Technoserve Ltd, in partnership with the government of Bihar, has rolled out the country's largest rural financial inclusion scheme in the state.
The roll out of the services is set up under the 'e-shakti' project, said the Mumbai-based company in a regulatory filing.
Glodyne, through its subsidiary Smaarftech Technologies, had initially partnered with Central Bank of India to provide transformational banking facilities to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) beneficiaries.
On Friday, Glodyne shares closed 0.32% up at Rs883 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.
Sri Nachammai Cotton Mills Ltd said its net profit for the first quarter increased to Rs2.98 crore, a rise of more than four fold, from Rs0.67 crore in the same quarter last year.
During the June 2010 quarter, its revenues increased to Rs34.23 crore from Rs22.95 crore, said the Salem-based company in a regulatory filing.
On Friday, Sri Nachammai Cotton Mills shares gained 4.89% to Rs35 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.