ETC Network (Delisted) share news and announcements

BSE: 532615

Last traded ₹249.85 on 1 Feb 2008

Delisted.

Last results date

The last board meeting held for results; the company has not yet given notice of the next.ETC Network quarterly results

Jan23Wed

The board met on 23 Jan 2008 to consider unaudited financial results

Notice filed 15 Jan 2008

Inter alia to consider and approve the un-audited financial results of the company for 3rd quarter and Nine months ended December 31, 2007.

ETC Network share news and announcements

23 announcements, routine notices left out, newest first.

  1. Feb 2008

    • 1 Feb · Suspension of trading in equity shares

      Members of the Exchange are hereby informed that the trading in equity shares of ETC Networks Limited shall be suspended w.e.f. February 04, 2008 (i.e. closing hours of trading on February 01, 2008) on account of Scheme of Amalgamation of ETC Networks Limited with Zee Interactive Learning Systems Limited.

  2. Jan 2008

    • 28 Jan · Business

      Salient features of the Scheme of Amalgamation of ETC Networks Limited with Zee Interactive Learning Systems Limited, approved by Hon'ble Bombay High Court vide order dated January 11, 2008. The details 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). For more details click here.

    • 25 Jan · Corporate action

      At the Meeting of the Board of Directors of the Company held on January 23, 2008, the Board has taken on record Order dated January 11, 2008, passed by the Hon'ble High Court of Bombay approving Scheme of Amalgamation of the Company with Zee Interactive Learning Systems Limited and fixed February 11, 2008 as Record Date for determination of Members of the Company eligible for issuance of equity shares of Zee Interactive Learning Systems Limited (to be renamed as ETC Networks Limited) pursuant to the Scheme.

    • 23 Jan · Management

      At the meeting of the BoDs of the Company held on January 23, 2008, the board has took on record resignation of Mr. Vijay Shah as Company Secretary and Compliance officer of the Company with effect from close of working hours of October 15, 2007.

    • 15 Jan · Board meeting

      Inter alia to consider and approve the un-audited financial results of the company for 3rd quarter and Nine months ended December 31, 2007.

    • 11 Jan · Business

      At its hearing held today i.e. on January 11, 2008, Hon'ble High Court of Bombay has approved the Scheme of Amalgamation of ETC Networks Limited with Zee Interactive Learning Systems Limited which would be effective from the Appointed Date i.e. April 01, 2007

  3. Nov 2007

    • 5 Nov · Business

      Pursuant to the directions given by the Hon'ble High Court of Bombay, a meeting of equity shareholders was held on November 02, 2007 to consider the Scheme of Amalgamation of ETC Networks Limited with Zee Interactive Learning Systems Limited and their respective shareholders. The Equity Shareholders have unanimously approved the Scheme.

  4. Oct 2007

    • 12 Oct · Notice of Meeting

      Notice of Court Convened Meeting of the Equity Shareholders of the Company scheduled to be held on November 02, 2007 along with Explanatory Statement u/s 393 of the Companies Act, 1956 and Scheme of Amalgamation. 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 For more details click here.

    • 4 Oct · Board meeting

      To consider, Inter alia, financial Results for the quarter and six months ended September 30, 2007.

  5. Aug 2007

    • 13 Aug · Management

      (1) Mr. Sanjay Agrawal has stepped down as Executive Director of the Company on 10 August 2007. (2) The Board of Directors has appointed Mr. Shyam Sunder Goel as Executive Director of the Company on 10 August 2007 for a period of 3 years at nil remuneration

    • 7 Aug · Business

      Board of Directors of the Company at its meeting held on August 06, 2007 has considered and approved the Scheme of Amalgamation of ETC Networks Limited ('ETC' or 'the Company') with Zee Interactive Learning Systems Limited ('ZILS') and their respective shareholders. The salient features of the Scheme are as under : 1) The Scheme envisages the amalgamation of ETC with ZILS with effect from the Appointed date i.e. April 1, 2007. 2) ETC is in the business of broadcasting television channels, ETC Music and ETC Punjabi. Its current issued and paid-up capital is 13,88,89,110 comprising 1,38,88,911 equity shares of Rs 10 each. 3) ZILS is one of the most diversified premier education companies. Its current issued and paid up capital is Rs 2,80,00,000 comprising of 28,00,000 equity shares of Rs 10 each. 4) The share exchanges ratio will be 1 (One) equity shares of Rs. 10 each of ZILS for 2 (Two) equity shares of Rs. 10/- each of the Company as recommended by the independent valuer M/s Dalal & Shah, Chartered Accountants. 5) The Scheme is subject to requisite consents, approval of the shareholders, lenders and creditors of the companies, the Hon'ble High Court of Judicature at Bombay and permissions or approvals of any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme. 6) Post amalgamation, name of the consolidated entity would be changed to 'ETC Networks Limited' and the same would be listed on all the Stock Exchanges where the Company is currently listed.

  6. Jul 2007

    • 30 Jul · Board meeting

      To consider, inter alia, a Scheme of Amalgamation envisaging the amalgamation of the Company with Zee Interactive Learning Systems Limited.

    • 16 Jul · Management

      July 16, 2007, that: "Mr. Jagjit Singh Kohli has stepped down as a Director of the Company. The Board of Directors has taken note of the same at their meeting held today".

    • 9 Jul · Board meeting

      To consider, inter alia, Financial results for the quarter ended June 30, 2007.

  7. Jun 2007

    • 26 Jun · Meeting

      Proceedings of Annual General Meeting of the Company held on June 25, 2007. The details 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). For more details click here.

  8. May 2007

    • 17 May · Meeting

      Etc Networks Limited had informed the Exchange that the Annual General Meeting of the Company will be held on June 22, 2007. The Company has now informed the Exchange that: "The Annual General Meeting of the Company has been rescheduled to Monday 25 June 2007 from 22 June 2007".

    • 15 May · Meeting

      The Register of Members and Share Transfer Books of the Company will remain closed from June 19, 2007 to June 22, 2007 (both days inclusive) for the purpose of determining members eligible to receive dividend that may be declared at the Annual General Meeting being held on June 22, 2007

  9. Apr 2007

    • 18 Apr · Management

      The Board of Directors has, at its meeting held today, (April 18, 2007) designated Mr. Sanjay Agrawal, Director as Executive Director pursuant to Section 269 of the Companies Act, 1956

    • 18 Apr · Dividend

      Board, at its meeting held on April 18, 2007, has recommended dividend @ 10% i.e. Re. 1 per equity share of Rs. 10 each for the financial year 2006-07.

    • 9 Apr · Board meeting

      To consider, inter alia, Financial Results for the year ended March 31, 2007.

    • 9 Apr · Management

      Mr. Rajiv Garg has ceased to be a Director and Managing Director of the Company with effect from 05 April 2007

  10. Feb 2007

    • 22 Feb · Miscellaneous

      In compliance of SEBI Circular No. MIRSD/DPS III/Cir-01/07 dated 22.01.2007 the Company has created an exclusive Email ID where the investors can register their complaints, grievances and service requests. These will be attended to expeditiously. The exclusive email ID is [email protected]

  11. Jan 2007

    • 9 Jan · Board meeting

      To consider, inter alia, Financial Results for the quarter ended 31 December, 2006.

How the price met the news

The first session after each announcement, beside the market.

That dayAgainst the Nifty 500Market median on that newsFive sessionsFive sessions against the Nifty 500Volume, times usual

  • 24 Jan 2008Board or managers changeddown 5.00%−1.6 pts vs Nifty 500market median 0.0% · five sessions −19.1% (−18.4 pts vs Nifty 500) · volume 0.0× usual
  • 13 Aug 2007Board or managers changedup 9.96%+9.1 pts vs Nifty 500market median 0.0% · five sessions +18.1% (+21.1 pts vs Nifty 500) · volume 1.3× usual
  • 19 Apr 2007Dividenddown 1.41%−1.1 pts vs Nifty 500market median 0.0% · five sessions +1.2% (−2.2 pts vs Nifty 500) · volume 0.1× usual
  • 9 Apr 2007Board or managers changeddown 0.76%−3.1 pts vs Nifty 500market median 0.0% · five sessions −5.5% (−9.8 pts vs Nifty 500) · volume 1.6× usual

Sharp moves

7 of the 9 shown had no filing that day or the next.

MoveAgainst the Nifty 500Times its usual moveVolume, times usualFilings

  • 9 Aug 2007No filing that day or the nextup 10.00%+11.5 pts vs Nifty 5002.0× its usual move · volume 13.7× usual
  • 8 Aug 2007No filing that day or the nextup 19.97%+17.8 pts vs Nifty 5004.6× its usual move · volume 6.5× usual
  • 7 Aug 20071 filingup 19.98%+19.4 pts vs Nifty 5005.7× its usual move · volume 21.3× usual
  • 6 Aug 20071 filingup 10.37%+11.7 pts vs Nifty 5003.2× its usual move · volume 8.2× usual
  • 19 Jul 2007No filing that day or the nextup 9.72%+8.6 pts vs Nifty 5003.5× its usual move · volume 1.8× usual
  • 4 Jul 2007No filing that day or the nextup 8.17%+8.1 pts vs Nifty 5003.2× its usual move · volume 1.3× usual
  • 20 Jun 2007No filing that day or the nextup 7.19%+6.2 pts vs Nifty 5003.0× its usual move · volume 2.5× usual
  • 21 May 2007No filing that day or the nextup 8.26%+7.3 pts vs Nifty 5004.1× its usual move · volume 11.7× usual
  • 16 May 2007No filing that day or the nextup 6.67%+5.4 pts vs Nifty 5003.8× its usual move · volume 15.1× usual