SS announcements on 25th August 2008

25 August 2008

Subject:	HOV Services - Board Meeting on Aug 26, 2008
Announcement:	HOV Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 26, 2008, inter alia, to consider the restructure of subsidiary Companies of the Company in view of Material Transaction Proposal and to review and approve the Notice of 20th Annual General meeting.

Business

HOV Services Limited is engaged in finance and accounting segment of the business process outsourcing (BPO) sector, including software development and support services thereto. The Company provides transaction management services, and insurance and tax services. It designs, develops and deploys Web-based products and services. The Companies subsidiaries include HOV Services LLC and Bay Area Credit Services (I) Pvt. Ltd. On February 27, 2007, the Company acquired Lason, Inc.

Dowlath Towers, 8th to 12th Floor, 59, Taylors Road, Kilpauk
Chennai, 600 010
India
+91-44-42203000 (Phone)
+91-44-42858528 (Fax)

Mcap : Rs. 134 crores

52 week high – Rs. 209.00

Current price – Rs. 106.50

PE as given – 2.59x

Unknown company in Chennai – cant risk money in this small BPO co that was floated in 2007.

25 August 2008

Subject:	Prime Textiles - Outcome of Board Meeting
Announcement:	Prime Textiles Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 23, 2008, after the conclusion of AGM has approved to exercise authority under section 293(1)(a) of the Companies Act, 1956 to dispose of the assets of the discontinued Spinning Unit.

Business: textile manufacturing

25 August 2008

Subject:	Dynacons Systems - Board Meeting on Sep 02, 2008
Announcement:	Dynacons Systems & Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 02, 2008, inter alia, to discuss the following: 1. To approve Notice convening 13th Annual General Meeting (AGM). 2. To fix the date of Book Closure for the purpose of convening of AGM. 3. To discuss various options for Restructuring the Company.

No financial info

25 August 2008

Subject:	JCT - Outcome of Board Meeting
Announcement:	JCT Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2008, inter alia, has decided to hive-off / sale of the Textile Unit at Sriganganagar (Rajasthan) subject to requisite approvals. The said unit has been incurring continuous losses and the continuation of the business at this unit in present form had become unviable. The said unit during the last five years have incurred cash loss ranging Rs 2 Crores to Rs 5 Crores each year before the allocation of the interest on term loans, working capital and common expenses incurred at Corporate Office. It is proposed to sell this unit on 'as is where is' basis with continued employment of the employees and workers. Management expects to realize around Rs 14 crores from sale of this unit as against the book value of fixed assets of Rs 11.29 Crores as on March 31, 2008. Resolution under Section 293(1)(a) seeking members approval through postal ballot under the provisions of Section 192A of the Companies Act, 1956 is under process.

Textile biz

25 August 2008

Subject:	Bosch Board to consider Buyback of equity shares
Announcement:	Bosch Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 02, 2008, inter alia, to consider proposal to 'Buyback some part of the equity shares of the Company' pursuant to Section 77A of the Companies Act, 1956 and if approved, to seek approval of the shareholders for the same through postal ballot as required under The Companies (Passing of Resolution by Postal Ballot) Rules, 2001.

Business

Bosch Limited, formerly Motor Industries Co Ltd., is an auto component manufacturer. The Company manufactures and trades diesel and gasoline fuel injection equipment, Blaupunkt car multimedia systems, auto electricals, industrial equipment, special purpose machines, packaging machines, electric power tools and security systems. The Company has manufacturing facilities in Bangalore, Nashik, Naganathapura, Jaipur and Goa. In India, the Company has a portfolio of products in automotive technology, industrial technology, consumer goods and building technology. Bangalore.

Mcap – Rs. 11,699 crores

Price – Rs. 3650/-

52 week high – Rs. 5880/-

Historical volume is very less because of stock price denomination is very high.