Welspun India

BSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 25.55 NSE:Rs. 26.35 when posted]

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Welspun India Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the Special Resolution for Shifting of Registered Office within the state of Gujarat....

Welspun India to reach 45

Posted by : QLP
Price when posted : BSE: Rs 25.75 ( -0.96 % ), NSE: Rs. 25.50 ( -3.77 % )

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I agree with you...Sure It will reach 45+ soon....

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Welspun India to reach 45

Posted by : Guest

with business improving and with better returns this year, even after demerger the share is expected to reach 45-47. I suggest buy the stock

Welspun India to reach 45

Posted by : Guest
Price when posted : BSE: Rs 25.55 ( -1.73 % ), NSE: Rs. 25.55 ( -3.58 % )

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I agree to the message........
Over the next 3 months, its expected to reach at least 40, that means even at todays rate, its expected to get a minimum of 48% returns on the stock, which is good............

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Welspun India to reach 45

Posted by : Guest

with business improving and with better returns this year, even after demerger the share is expected to reach 45-47. I suggest buy the stock

Welspun India to reach 45

Posted by : Guest
Price when posted : BSE: Rs 26.00 ( -15.03 % ), NSE: Rs. 26.50 ( -12.54 % )

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with business improving and with better returns this year, even after demerger the share is expected to reach 45-47. I suggest buy the stock...

BSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 35.70 NSE:Rs. 36.00 when posted]

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Welspun India Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 27, 2008, inter alia, have accorded the following:

1. Members have approved and adopted the audited annual accounts of the Company for the year ended March 31, 2008 together with Auditors Report and Directors Report thereon.

2. Members have approved the re-appointment of following directors retiring by rotation:

- Mr. M L Mittal - Re- appointed as Director
- Shri. Dadi E Engineer - Re-appointed as Director

3. Members by a Special Resolution, pursuant to Section 224A of the Companies Act,
1956, have approved the appointment of M/s. Price Waterhouse & Co. as Statutory Auditors of the Company to hold office from the conclusion of the 23rd Annual General Meeting till the conclusion of the next Annual General Meeting....

NSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 36.00 NSE:Rs. 36.05 when posted]

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Welspun India Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 27, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

NSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 38.00 NSE:Rs. 37.80 when posted]

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Welspun India Limited has submitted to the Exchange notice of postal ballot. A copy of the notice of postal ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 39.30 NSE:Rs. 39.45 when posted]

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Welspun India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2008, had, subject to receipt of the necessary approvals, approved of the shifting of the registered office outside local limits of the city but in the same state.

In this regard, the members of the Company will consider to approve by way of Postal Ballot the Special Resolution relating to shift the registered office of the Company from "Survey No. 76, Village Moral, Vapi, District Valsad, Gujarat - 396191" to "Welspun City, Village Versamedi, Taluka Anjar, Dist. Kutch, Gujarat, 370110.

The Company has appointed Mr. Sanjay Risbud, Proprietor, M/s. S S Risbud & Co., Company Secretaries, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer not later then the close of working hours on October 08, 2008. The results of the postal ballot will be declared on October 13, 2008....

BSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 39.00 NSE:Rs. 39.20 when posted]

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Welspun India Ltd has informed BSE that the 23rd Annual General Meeting (AGM) of the members of the Company will be held on September 27, 2008, inter alia, to transact the following business:

1. To receive, consider and adopt the Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended on that date and the Reports of Directors and Auditors thereon.

2. To appoint Directors in place of Shri. M L Mittal & Shri. Dadi B Engineer, who retires by rotation, and being eligible, offers themselves for re-appointment.

3. To consider and approve re-appointment of M/s. Price Waterhouse & Co., Chartered Accountants as Statutory Auditors, who retire at the meeting and being eligible, have offered themselves for re-appointment....

Demerger scheme

Posted by : 9975797577
Price when posted : BSE: Rs 39.50 ( 1.28 % ), NSE: Rs. 40.00 ( 2.56 % )

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The Distribution & Marketing company which will hold all the
international businesses and Welspun Retail Ltd (WRL) will be known as
Welspun Global Brands Ltd. (WGBL) whereas the Investment Company will be
known as Welspun Investments Ltd. (WINV).
As a part of this de-merger, WGBL will issue fresh shares to Promoters
and shareholders of WIL in lieu of Promoters\' and WIL\'s shareholding in WRL
(which is valued at cost basis) and thus WGBL will hold entire equity of WRL.
The current shareholders of WIL will be allotted new shares in WGBL and
WINV i.e.
- shareholders of every 100 shares in WIL will be given 10 shares of WGBL
and 5 shares of WINV.
...

Demerger in Welspun India Group

Posted by : 9975797577
Price when posted : BSE: Rs 39.50 ( 1.28 % ), NSE: Rs. 40.00 ( 2.56 % )

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Welspun India Ltd., (WIL), part of US$ 3 billion Welspun Group today
announced the de-merger of its Distribution & Marketing and Investment
Divisions into two separate Companies at cost basis.
...

NSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 40.10 NSE:Rs. 40.25 when posted]

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Welspun India Limited has informed the Exchange regarding the press release dated September 15, 2008, titled "Welspun India to De-merge its divisions". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Welspun India

Posted by : MMB Messenger
Price when posted : [Welspun India - BSE:Rs. 39.00 NSE:Rs. 40.25 when posted]

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Welspun India Ltd has informed BSE regarding a Press Release dated September 15, 2008 titled "Welspun India to De-merge its divisions"...