economy & public affairs13 hdfcq3 netprofit george...

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HDFC Q3 net profit at over ~2,000 cr ABHIJIT LELE & AGENCIES Mumbai, 29 January H ousing Development Finance Corporation (HDFC) reported a net prof- it of ~2,113.80 crore on a standalone basis for the third quarter ended December 2018 (Q3FY19). The company had posted a net profit of ~5,300 crore in the October-December quarter of the last financial year (Q3FY18). The profit numbers for Q3FY19 were not comparable with that of the Q3FY18, HDFC said in a statement. In Q3FY18, the company had sold shares in the initial public offer of HDFC Life Insurance Company for a consideration of ~5,250 crore. Profit Before Sale of Investments & Provision for Loan Losses rose by 27 per cent to ~2,934 crore in Q3FY19 from ~2,353 crore in Q3FY18. Total income rose to ~10,569 crore during the December quarter against ~8,824 crore in the year-ago period. The net interest income (NII) rose by 18 per cent to ~2,871 crore in Q3FY19 from ~2,442 crore in the corresponding quarter of the previous year. As on December 31, 2018, the loan book stood at ~385,520 crore, as against ~342,154 crore in the previous year. On an Assets under Management (AUM) basis, the growth rate in the indi- vidual loan book was 17 per cent while the non-individual loan book grew by 9 per cent. The growth rate in the total loan book was 15 per cent. During Q3FY19, the corporation sold individual loans amounting to ~6,959 crore. It did not sell loans in the same quarter in the last financial year. According to National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (~4,731 crore) at the end of the quarter. NIKHAT HETAVKAR Mumbai, 29 January Private lender Axis Bank’s profit for the quarter ended December 2018 doubled over the previous year on the back of strong growth in non-core income due to recoveries and stake sales. The bank posted a growth of 131 per cent in net profit to ~1,681crore for the December quarter(Q3FY19), against ~726 crore a year ago. This was against a profit of ~790 crore in previous September(Q2FY19), said the bank in a filing to the exchanges. Amitabh Chaudhry suc- ceeded Shikha Sharma as the MD & CEO of the bank at the end of the December quarter. Chaudhry said that the bank’s goal is to provide and sustain a return on equity of 18 per cent. The bank’s return on equity stood at 11.33 per cent at the end of December 2018. “The bank has faced head- winds due to corporate slip- pages and high operational risks in recent times. Against this scenario, I have looked at the corporate portfolio to identify signs of stress and outline the strategy of the bank.” He added that it is crucial to embed conservatism into the bank’s internal policies and processes. The bank’s Chief Financial Officer Jairam Sridharan said that the bank is eager to par- ticipate in the corporate loans segment but its risk criteria will be different. Net interest income (NII), or the core income a bank earns by giving loans, was up 18 per cent to ~5,604 crore versus ~4,732 crore last year. Axis Bank Q3 profit doubles to ~1,681 cr BajajFin: Tough operating climate leaves little impact HAMSINI KARTHIK Mumbai, 29 January At a time when the market conditions are just not con- ducive for non-banking financial companies, Bajaj Finance seems to stand out. Its net interest income (NII) grew 46 per cent in the December quarter (Q3), and net profit expanded by 54 per cent to ~1,060 crore. Aided by a late push in festive season demand, consolidated assets under management (AUMs) grew by 41 per cent year-on- year in Q3. This allowed results to exceed expectations on all parameters. More importantly, cost of funds rose by only six basis points (bps) sequentially, to 8.2 per cent, and net interest margin was maintained at 10 per cent in the third quarter. With concerns on funding costs put to rest, Bajaj Finance stocks rose over 2 per cent on Tuesday. However, in the context of being the most expensive NBFC stock, the question is whether the Q3 show will be sustainable. Being the market leader in the consumer durables finance sector, AUM growth or increase in the number of customers may not be much of a challenge. But what needs to be seen is whether it can continue to operate at such a low-cost funds structure. Rajeev Jain, managing director of Bajaj Finance said at 8.2 bps, cost of funds was at a historical low. “While it’s foolish to predict rates now, consider- ing our past five years’ average cost of funds of 9 – 9.5 per cent, we may be headed towards higher rates,” he ascertained. While segments that offer cross-selling opportunities such as personal loans and gold loans may give some headway for passing costs, the wholesale part of the con- sumer durables lending busi- ness may not see a price hike. More on business-standard.com GEORGE FERNANDES 1930-2019 It is a cliché but some clichés bear rep- etition. With the death of George Fernandes, an era has come to an end. Socialist, trade unionist, and bitter critic of the Congress, Fernandes was, to those who didn’t know him, a com- plex bundle of complex contradictions. He began life in Mangalore in a — rela- tively — middle class Catholic family and if life had led him where it wanted him to go, he would have become a priest. But being George Fernandes, he fought traditional trajectories. He was ‘spottted’ by Dr Ram Manohar Lohia, who associated him with the organisa- tional part of the Socialist movement which itself was going through a trauma. Stalin’s excesses and the resistance in Poland and Czechoslovakia had fired the Socialist imagination — Fernandes’s too. At home, India’s resounding defeat in the war against China had led to a split in the Communist movement and the branding of China as India’s enemy number one. Indian Socialists might have been internally ideologically divid- ed but they avoided the intellectually lazy trap of nationalism and instead embraced internationalism. As a mem- ber of the Socialist international, Fernandes absorbed and gave to the socialist movement ideas from India as he rubbed shoulders and discussed problems of society, class, democracy and international inequality with greats such as Olof Palme of Sweden and Bruno Kreisky of Austria (both called for his release during the Emergency). In a sense, when Fernandes became a min- ister for the second time in the Atal Bihari Vajpayee government in 1998, he was in an alliance of largely inward-look- ing forces, the only internationalist. His opposition to the Congress brought him in close vicinity to the BJP and he defended his partner — while dis- agreeing with the party on several issues. This was another side to Fernandes’s famed duality. The attack on Christian missionary Graham Staines, his murder and killing of his two little sons in Odisha (then Orissa) by a mob led by Bajrang Dal member Dara Singh saw Fernandes giving an extraordinary exculpation to the BJP (and the incident itself ). He attributed the event to an international conspiracy mounted by those who want- ed the BJP government in power in the Centre, to go. He saw no blame to the BJP, its Rath Yatra or the build up of communal fervor in the events leading up to the demolition of the Babri Masjid — instead, he charged that it was the Congress which was the biggest com- munalist, which had aided and abetted riots as a way of reminding minorities that they needed to be in the thrall of the Congress or suffer the consequences. It was a point of view. Fernandes had had time to refine this view — he brought together disparate forces in Delhi and elsewhere by launching a loose group of civil liberty groups to protect Sikh fami- lies in the aftermath of the assassination of then Prime Minister Indira Gandhi. Almost everything about his life is known — both as a prisoner during the Emergency, the most enduring image being his raising his manacled shackled wrists when he was produced in court — his escape, disguised as a Sikh, the famous Bombay strike and the Baroda dynamite case (in which he was charged as a con- spirator but the charges dropped when the Janata Party came to power). But it is in his second coming as min- ister of defence in successive Atal Bihari Vajpayee governments that Fernandes really came of age. He left the strategic part of thinking of defence to his col- league and friend Jaswant Singh — except writing a letter to then US President Bill Clinton in which he claimed that India had conducted the nuclear tests because it wanted to stay safe against enemy number one, China, a claim he later denied though no one was convinced. Instead, he did what came to him most easily — working on the ‘soft’ side of defence, welfare of offi- cers and the jawans. The armed forces scheme for health is Fernandes’s contri- bution. His visits to Siachen made him one of the most visible, easily identified and beloved defence ministers in India’s history, especially among the jawans. Ironically, always the one to stand up for the underdog, Fernandes proceeded against and recommended the sacking of Adm Vishnu Bhagwat, chief of Naval Staff, when as chief, Bhagwat recorded that the elevation of one of his col- leagues, recommended by the Cabinet, was a decision that was "unimple- mentable". Some "corruption scandals" were reported during his ministership, but they rested on flimsy grounds: and the courts acquitted him in all. Fernandes had to leave his Krishna Menon Marg house (which had no gate — that he had broken and dismantled as a political statement) when his family reclaimed him after a long hiatus, the Congress came to power and he had lost the elections. Along with the house, had to go his dogs and his family of refugees who lived there — Burmese, Tibetans, Tamils, Manipuris and others. He had strong affinity with the Dalai Lama and consequently, Hollywood actor Richard Gere was in and out of Krishna Menon Marg. He fell and suffered a stroke, was diagnosed with Alzheimer’s disease and gradually could not recognise anyone. In his passing, many will mourn him — even those who disagreed vehe- mently with him. ADITI PHADNIS Not just a diehard socialist... HIS BIG MOVES Fernandes, a legendary trade unionist, led a railway strike in May, 1974, bringing the country to a halt for three weeks As defence minister, Fernandes will be remembered for his commitment to soldiers, their rights, entitlements and health As an activist, he fought for civil liberties, be it for Tibetans, Burmese refugees and anti-Sikh riots victims 131% The bank’s net profit grew by 131%, against ~726 crore a year ago Profit before provision, investment gains up 27%... but stock closed 1.5% lower at ~1,918 per share COMPASS: NO CAUSE FOR CONCERN DESPITE HDFC’S BELOW-PAR SHOW 10 AHMEDABAD | WEDNESDAY, 30 JANUARY 2019 ECONOMY & PUBLIC AFFAIRS 13 . < ADDENDUM TO NOTICE In continuance of disclosures made in the Explanatory Statement to the Notice of Postal Ballot dated 07.01.2019 for Special Resolution to issue Equity Shares to Government of India on preferential basis against capital infusion of `1632 Crore, the following further disclosures are hereby made for information of the Members in compliance with SEBI (ICDR) Regulations, 2018. 1. The issue price determined as on the Relevant Date of 28th January, 2019 in terms of Regulation 164 (1) of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, is `37.75 (Rupees Thirty Seven and Paise Seventy Five only) per Equity Share (including premium of `27.75 per equity share) in respect of preferential issue of shares aggregating to `1632 Crore to Govt. of India, the Promoters. 2. At the above issue price, Bank can allot upto 43,23,17,880 (Forty Three Crore Twenty Three Lakh Seventeen Thousand Eight Hundred Eighty) equity shares to Government of India (“GOI”) against capital infusion of `1632 Crore. The Shareholding Pattern of the Bank before and after the proposed Preferential Issue would be as follows: Sl. No. Category Before the Issue After the Issue No. of Shares Percentage of Shareholding No. of Shares Percentage of Shareholding 1. Promoters Holding (“GOI”) 121,92,38,605 76.16% 165,15,56,485 81.23% 2. Non-Promoters Holding 38,17,32,665 23.84% 38,17,32,665 18.77% Total 160,09,71,270 100.00% 203,32,88,150 100.00% For SyndicateBank Place : Bengaluru Santosh Kumar Barik Date : 29.01.2019 Company Secretary Place: Kolkata. Date: 29.01.2019. KKALPANA INDUSTRIES (INDIA) LIMITED (Formerly Kalpena Industries Limited) Regd Office: 2B, Pretoria Street, Kolkata - 700 071 Telephone: 91-033-2282 3744/3745/3699/3671, Fax: 91-033-2282 3739 E-Mail: [email protected] Website: www.kkalpanagroup.com CIN: L19202WB1985PLC039431 CORRIGENDUM TO NOTICE DATED 12/01/2019 The members of the Company and all the concerned persons are hereby informed that the meeting of the Board of Directors of the Company to be held on 14th February, 2019 was numbered as 04th of 2018-19. However, it should be numbered and read as 05th of 2018-19. The company sincerely regrets the error. By Order of the Board For Kkalpana Industries (India) Limited Sd/- Tanvi Panday (Membership No. ACS 31176) Company Secretary Date : 29.01.2019 Place : Ahmedabad Sd/- Dilipkumar Nikhare Company Secretary GUJARAT TERCE LABORATORIES LIMITED Reg Office:-122/2, Ravi Estate, Bileshwarpura, Chhatral, Dist. Gandhinagar - 382729. CIN NO:-L28112GJ1985PLC007753 email: [email protected], website:www.gujaratterce.in NOTICE For, Gujarat Terce Laboratories Limited, Notice is hereby given that pursuant to Regulation 47 read with Regulation 29 and 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, a Meeting of the Board of Directors of the Company will be held on Monday, February 11th, 2019 at 12.30 p.m. at the D-802, The First, B/h. Keshavbaug Party Plot, Vastrapur, Ahmedabad - 380015, to consider and approval of the unaudited financial results for the quarter ended December 31st, 2018. Sd/- General Manager Bank invites proposal for the below RFP from reputed bidders. Details and format for submitting documents can be downloaded from our website:www.syndicatebank.in. Also, the RFP will be available in Tendering Portal https://syndicatebank.abcprocure.com shortly for downloading and uploading the Tender Documents. Request for Proposal Ref. No. RFP-003/CO:CC/2019 dated 28/01/2019 for “ENGAGEMENT OF VENDOR FOR END TO END MANAGEMENT OF CREDIT CARD SOLUTION & OPERATIONS FOR FIVE YEARS, UNDER OPEX MODEL” as detailed in RFP document. Last Date & Time for receipt of Bid Documents in Online mode is 19.02.2019 up to 16:00 Hours. Amendments, Clarifications etc. if any, will be published on Bank’s website only. Bidders should refer the same before submission of the proposal and no separate advertisement will be published. ./- महाबंधक / / Corporate Office, DIT, Digital Banking, BPR & Card Centre Department, Devanga Tower, 1st Floor, No.35, K G Road, Bengaluru - 560 009 दू Tel: 080-2207 3853 पंजीकृत कायालय : मिणपाल - 576 104 : Registered Office: Manipal - 576 104 कॉपरेट कायालय, डीआईटी,िडिजटल बिकंग, बीपीआर एवं काड सर िवभाग,देवांगा टावर, १ ोर, न: ३५, के जी रोड, बगलु - ५६०००९,

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Page 1: ECONOMY & PUBLIC AFFAIRS13 HDFCQ3 netprofit GEORGE ...gujaratterce.in/assets/upload/NewspaperAdvertisements/Notice.pdfHDFCQ3 netprofit atover~2,000 cr ABHIJIT LELE & AGENCIES Mumbai,

HDFC Q3 net profitat over ~2,000 crABHIJIT LELE & AGENCIESMumbai, 29 January

Housing Development FinanceCorporation (HDFC) reported a net prof-it of ~2,113.80 crore on a standalone basis

for the third quarter ended December 2018(Q3FY19). The company had posted a net profitof ~5,300 crore in the October-December quarterof the last financial year (Q3FY18).

The profit numbers for Q3FY19 were notcomparable with that of the Q3FY18, HDFCsaid in a statement.

In Q3FY18, the company had soldshares in the initial public offer ofHDFC Life Insurance Company for aconsideration of ~5,250 crore.

Profit Before Sale of Investments &Provision for Loan Losses rose by 27per cent to ~2,934 crore in Q3FY19 from~2,353 crore in Q3FY18.

Total income rose to ~10,569 croreduring the December quarter against~8,824 crore in the year-ago period.

The net interest income (NII) rose by 18 percent to ~2,871 crore in Q3FY19 from ~2,442 crorein the corresponding quarter of the previous year.

As on December 31, 2018, the loan book stoodat ~385,520 crore, as against ~342,154 crore in theprevious year. On an Assets under Management

(AUM) basis, the growth rate in the indi-vidual loan book was 17 per cent whilethe non-individual loan book grew by 9per cent. The growth rate in the total loanbook was 15 per cent.

During Q3FY19, the corporation soldindividual loans amounting to ~6,959crore. It did not sell loans in the samequarter in the last financial year.

According to National Housing Bank(NHB) norms, the gross non-performing assetsstood at 1.22 per cent of the total assets (~4,731crore) at the end of the quarter.

NIKHAT HETAVKARMumbai, 29 January

Private lender Axis Bank’s profitfor the quarter ended December2018 doubled over theprevious year on theback of strong growthin non-core incomedue to recoveries andstake sales.

The bank posted agrowth of 131 per centin net profit to~1,681crore for theDecember quarter(Q3FY19),against ~726 crore a year ago.This was against a profit of~790 crore in previousSeptember(Q2FY19), said the

bank in a filing to theexchanges.

Amitabh Chaudhry suc-ceeded Shikha Sharma as theMD & CEO of the bank at the

end of theDecember quarter.Chaudhry said thatthe bank’s goal is toprovide and sustaina return on equity of18 per cent. Thebank’s return onequity stood at 11.33per cent at the end

of December 2018.“The bank has faced head-

winds due to corporate slip-pages and high operationalrisks in recent times. Against

this scenario, I have looked atthe corporate portfolio toidentify signs of stress andoutline the strategy of thebank.”

He added that it is crucialto embed conservatism intothe bank’s internal policiesand processes.

The bank’s Chief FinancialOfficer Jairam Sridharan saidthat the bank is eager to par-ticipate in the corporate loanssegment but its risk criteriawill be different.

Net interest income (NII),or the core income a bank earnsby giving loans, was up 18 percent to ~5,604 crore versus~4,732 crore last year.

Axis Bank Q3 profitdoubles to ~1,681 cr

BajajFin: Toughoperatingclimate leaveslittle impactHAMSINI KARTHIKMumbai, 29 January

At a time when the marketconditions are just not con-ducive for non-bankingfinancial companies, BajajFinance seems to stand out.Its net interest income (NII)grew 46 per cent in theDecember quarter (Q3), andnet profit expanded by 54 percent to ~1,060 crore. Aided bya late push in festive seasondemand, consolidated assetsunder management (AUMs)grew by 41 per cent year-on-year in Q3. This allowedresults to exceed expectationson all parameters.

More importantly, cost offunds rose by only six basispoints (bps) sequentially, to8.2 per cent, and net interestmargin was maintained at 10per cent in the third quarter.With concerns on fundingcosts put to rest, Bajaj Financestocks rose over 2 per cent onTuesday. However, in thecontext of being the mostexpensive NBFC stock, thequestion is whether the Q3show will be sustainable.

Being the market leader inthe consumer durablesfinance sector, AUM growthor increase in the number ofcustomers may not be muchof a challenge. But what needsto be seen is whether it cancontinue to operate at such alow-cost funds structure.

Rajeev Jain, managingdirector of Bajaj Finance said at8.2 bps, cost of funds was at ahistorical low. “While it’s foolishto predict rates now, consider-ing our past five years’ averagecost of funds of 9 – 9.5 per cent,we may be headed towardshigher rates,” he ascertained.

While segments that offercross-selling opportunitiessuch as personal loans andgold loans may give someheadway for passing costs, thewholesale part of the con-sumer durables lending busi-ness may not see a price hike.

More on business-standard.com

GEORGE FERNANDES 1930-2019

It is a cliché but some clichés bear rep-etition. With the death of GeorgeFernandes, an era has come to an end.

Socialist, trade unionist, and bittercritic of the Congress, Fernandes was,to those who didn’t know him, a com-plex bundle of complex contradictions.He began life in Mangalore in a — rela-tively — middle class Catholic familyand if life had led him where it wantedhim to go, he would have become apriest. But being George Fernandes, hefought traditional trajectories. He was‘spottted’ by Dr Ram Manohar Lohia,who associated him with the organisa-tional part of the Socialist movementwhich itself was going through a trauma.Stalin’s excesses and the resistance inPoland and Czechoslovakia had firedthe Socialist imagination — Fernandes’stoo. At home, India’s resounding defeatin the war against China had led to asplit in the Communist movement andthe branding of China as India’s enemynumber one. Indian Socialists mighthave been internally ideologically divid-ed but they avoided the intellectuallylazy trap of nationalism and insteadembraced internationalism. As a mem-ber of the Socialist international,Fernandes absorbed and gave to thesocialist movement ideas from India ashe rubbed shoulders and discussedproblems of society, class, democracyand international inequality with greatssuch as Olof Palme of Sweden and BrunoKreisky of Austria (both called for hisrelease during the Emergency). In asense, when Fernandes became a min-ister for the second time in the AtalBihari Vajpayee government in 1998, hewas in an alliance of largely inward-look-ing forces, the only internationalist.

His opposition to the Congressbrought him in close vicinity to the BJPand he defended his partner — while dis-agreeing with the party on several issues.This was another side to Fernandes’sfamed duality. The attack on Christianmissionary Graham Staines, his murderand killing of his two little sons in Odisha(then Orissa) by a mob led by BajrangDal member Dara Singh saw Fernandesgiving an extraordinary exculpation tothe BJP (and the incident itself). Heattributed the event to an internationalconspiracy mounted by those who want-ed the BJP government in power in theCentre, to go. He saw no blame to theBJP, its Rath Yatra or the build up ofcommunal fervor in the events leadingup to the demolition of the Babri Masjid— instead, he charged that it was the

Congress which was the biggest com-munalist, which had aided and abettedriots as a way of reminding minoritiesthat they needed to be in the thrall of theCongress or suffer the consequences. Itwas a point of view. Fernandes had hadtime to refine this view — he broughttogether disparate forces in Delhi andelsewhere by launching a loose group ofcivil liberty groups to protect Sikh fami-lies in the aftermath of the assassinationof then Prime Minister Indira Gandhi.

Almost everything about his life isknown — both as a prisoner during theEmergency, the most enduring imagebeing his raising his manacled shackledwrists when he was produced in court —his escape, disguised as a Sikh, the famousBombay strike and the Baroda dynamitecase (in which he was charged as a con-spirator but the charges dropped whenthe Janata Party came to power).

But it is in his second coming as min-ister of defence in successive Atal BihariVajpayee governments that Fernandesreally came of age. He left the strategicpart of thinking of defence to his col-league and friend Jaswant Singh —except writing a letter to then USPresident Bill Clinton in which he

claimed that India had conducted thenuclear tests because it wanted to staysafe against enemy number one, China,a claim he later denied though no onewas convinced. Instead, he did whatcame to him most easily — working onthe ‘soft’ side of defence, welfare of offi-cers and the jawans. The armed forcesscheme for health is Fernandes’s contri-bution. His visits to Siachen made himone of the most visible, easily identifiedand beloved defence ministers in India’shistory, especially among the jawans.

Ironically, always the one to stand upfor the underdog, Fernandes proceededagainst and recommended the sackingof Adm Vishnu Bhagwat, chief of NavalStaff, when as chief, Bhagwat recordedthat the elevation of one of his col-leagues, recommended by the Cabinet,was a decision that was "unimple-mentable". Some "corruption scandals"were reported during his ministership,but they rested on flimsy grounds: andthe courts acquitted him in all.

Fernandes had to leave his KrishnaMenon Marg house (which had no gate— that he had broken and dismantled asa political statement) when his familyreclaimed him after a long hiatus, theCongress came to power and he had lostthe elections. Along with the house, hadto go his dogs and his family of refugeeswho lived there — Burmese, Tibetans,Tamils, Manipuris and others. He hadstrong affinity with the Dalai Lama andconsequently, Hollywood actor RichardGere was in and out of Krishna MenonMarg. He fell and suffered a stroke, wasdiagnosed with Alzheimer’s disease andgradually could not recognise anyone.In his passing, many will mourn him— even those who disagreed vehe-mently with him.

ADITI PHADNIS

Not just a diehard socialist...

HIS BIG MOVESFernandes, a legendary tradeunionist, led a railway strike in May, 1974, bringing the country to a halt for three weeks

As defence minister, Fernandes willbe remembered for his commitmentto soldiers, their rights, entitlementsand health

As an activist, he fought for civilliberties, be it for Tibetans, Burmeserefugees and anti-Sikh riots victims

131%The bank’s netprofit grew by131%,against~726 crore ayear ago

Profit beforeprovision,investmentgains up27%... butstock closed1.5% lower at~1,918 pershare

COMPASS: NO CAUSE FOR CONCERNDESPITE HDFC’S BELOW-PAR SHOW 10

AHMEDABAD | WEDNESDAY, 30 JANUARY 2019 ECONOMY & PUBLIC AFFAIRS 13. <

ADDENDUM TO NOTICEIn continuance of disclosures made in the Explanatory Statement to the Notice of Postal Ballot dated 07.01.2019 for Special Resolution to issue Equity Shares to Government of India on preferential basis against capital infusion of `1632 Crore, the following further disclosures are hereby made for information of the Members in compliance with SEBI (ICDR) Regulations, 2018.

1. The issue price determined as on the Relevant Date of 28th January, 2019 in terms of Regulation164 (1) of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, is 37.75 (Rupees Thirty Seven and Paise Seventy Five only) per Equity Share (including premium of `27.75 per equity share) in respect of preferential issue of shares aggregating to `1632 Crore to Govt. of India, the Promoters.

2. At the above issue price, Bank can allot upto 43,23,17,880 (Forty Three Crore Twenty Three Lakh Seventeen Thousand Eight Hundred Eighty) equity shares to Government of India (“GOI”) against capital infusion of `1632 Crore.

The Shareholding Pattern of the Bank before and after the proposed Preferential Issue would be as follows:

Sl. No. Category

Before the Issue After the Issue

No. of Shares Percentage of Shareholding No. of Shares Percentage of

Shareholding

1. Promoters Holding (“GOI”) 121,92,38,605 76.16% 165,15,56,485 81.23%

2. Non-Promoters Holding 38,17,32,665 23.84% 38,17,32,665 18.77%

Total 160,09,71,270 100.00% 203,32,88,150 100.00%

For SyndicateBank

Place : Bengaluru Santosh Kumar BarikDate : 29.01.2019 Company Secretary

Place: Kolkata.Date: 29.01.2019.

KKALPANA INDUSTRIES(INDIA) LIMITED

(Formerly Kalpena Industries Limited)Regd Office: 2B, Pretoria Street,

Kolkata - 700 071Telephone: 91-033-2282 3744/3745/3699/3671,

Fax: 91-033-2282 3739E-Mail: [email protected]

Website: www.kkalpanagroup.comCIN: L19202WB1985PLC039431

CORRIGENDUM TO NOTICE DATED12/01/2019

The members of the Company and all theconcerned persons are hereby informed thatthe meeting of the Board of Directors of theCompany to be held on 14th February, 2019was numbered as 04th of 2018-19. However,it should be numbered and read as 05th of2018-19.The company sincerely regrets the error.

By Order of the BoardFor Kkalpana Industries (India) Limited

Sd/-Tanvi Panday

(Membership No. ACS 31176)Company Secretary

Date : 29.01.2019Place : Ahmedabad

Sd/-Dilipkumar NikhareCompany Secretary

GUJARAT TERCE LABORATORIES LIMITEDReg Office:-122/2, Ravi Estate, Bileshwarpura,

Chhatral, Dist. Gandhinagar - 382729. CIN NO:-L28112GJ1985PLC007753email: [email protected], website:www.gujaratterce.in

NOTICE

For, Gujarat Terce Laboratories Limited,

Notice is hereby given that pursuant to Regulation 47 read with Regulation 29 and 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, a Meeting of the Board of Directors of the Company will be held on Monday, February 11th, 2019 at 12.30 p.m. at the D-802, The First, B/h. Keshavbaug Party Plot, Vastrapur, Ahmedabad - 380015, to consider and approval of the unaudited financial results for the quarter ended December 31st, 2018.

Sd/-General Manager

Bank invites proposal for the below RFP from reputed bidders. Details and format for submitting documents can be downloaded from our website:www.syndicatebank.in. Also, the RFP will be available in Tendering Portal https://syndicatebank.abcprocure.com shortly for downloading and uploading the Tender Documents.Request for Proposal Ref. No. RFP-003/CO:CC/2019 dated 28/01/2019 for “ENGAGEMENT OF VENDOR FOR END TO END MANAGEMENT OF CREDIT CARD SOLUTION & OPERATIONS FOR FIVE YEARS, UNDER OPEX MODEL” as detailed in RFP document. Last Date & Time for receipt of Bid Documents in Online mode is 19.02.2019 up to 16:00 Hours.Amendments, Clarifications etc. if any, will be published on Bank’s website only. Bidders should refer the same before submission of the proposal and no separate advertisement will be published.

ह./- महा�बधक /

/

Corporate Office, DIT, Digital Banking, BPR & Card Centre Department, Devanga Tower, 1st Floor, No.35, K G Road, Bengaluru - 560 009 द Tel: 080-2207 3853

पजीकत काया�लय : मिणपाल - 576 104 : Registered Office: Manipal - 576 104कॉप�रट काया�लय, डीआईटी,िडिजटल ब�िकग, बीपीआर एव काड� स#$र िवभाग,दवागा टावर, १ 'ोर, न: ३५, क जी रोड, ब#गल. - ५६०००९,

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