ETC Networks (Delisted) share news and announcements

BSE: 532958

Last traded ₹265.05 on 15 Sep 2010

Delisted.

Last results date

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

Jul19Mon

The board met on 19 Jul 2010 to consider un-audited financial results

Notice filed 12 Jul 2010

Inter alia, to consider and approve the Un-audited Financial Results of the Company for the 1st quarter of the financial year 2010-11 ended on June 30, 2010.

ETC Networks share news and announcements

60 announcements, routine notices left out, newest first. Page 1 of 2.

Sep 2010
- 20 Sep · Disclosure
  ETC Networks Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: (opens in a new tab)
- 6 Sep · 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. September 16, 2010 (i.e. closing hours of trading on September 15, 2010) on account of Scheme of Amalgamation with Zee Entertainment Enterprises Limited.
- 2 Sep · Business
  Hon'ble Bombay High Court has vide its order dated July 16, 2010, approved the Composite Scheme of Amalgamation and Arrangement between Zee Entertainment Enterprises Limited, ETC Networks Ltd and Zee Learn Limited and their respective Shareholders, for Merger of the Company with Zee Entertainment Enterprises Limited from March 31, 2010 (Appointed Date) and upon such Merger, de-merger of Education Business Undertaking of Zee Entertainment Enterprises Limited in favor of Zee Learn Limited from April 1, 2010. The aforesaid Scheme of Arrangement has become effective on August 30, 2010 upon filing of the said order of Hon'ble Bombay High Court with the Registrar of Companies, Maharashtra, Mumbai.
- 2 Sep · Corporate action
  Company has fixed September 17, 2010 as the Record Date for determination of members of the Company (ETC Networks Limited) who would be eligible for issuance of equity shares (pursuant to the Composite Scheme of Amalgamation and Arrangement) by the Transferee Company i.e. Zee Entertainment Enterprises Ltd (ZEEL). ZEEL shall issue and allot to the members of ETC, other than ZEEL, 10 fully paid Equity Shares of Re 1 each to the shareholders of ETC, for every 11 equity shares of Rs. 10 each held in ETC Networks Ltd (Transferor Company). Further the Company has submitted to the Exchange a copy of "Rationale & Salient Features of the Composite Scheme of Amalgamation and Arrangement" (opens in a new tab)
- 1 Sep · Business
  It has fixed September 17, 2010 as the Record Date for determining members of ETC Networks Ltd (Transferor Company) who would become .... (opens in a new tab)
- 1 Sep · Business
  With reference to the earlier announcement dated July 16, 2010, informing that the Hon'ble Bombay High Court has vide its order dated July 16, 2010, approved the Composite Scheme of Amalgamation ....
Jul 2010
- 20 Jul · Management
  Board of Directors of the Company at its meeting held on July 19, 2010 (1) Took on record, resignation of Ms. Sheetal S. Chitlange as Asst. Company Secretary and Compliance Officer of the Company with effect from July 31, 2010.
- 16 Jul · Business
  Vide its letter dated July 16, 2010 that :"The Hon'ble High Court of Bombay has, at the hearing held today, approved the Composite Scheme of Amalgamation and Arrangement between Zee Entertainment Enterprises Limited, ETC Networks Limited and Zee Learn Limited and their respective shareholders, for the proposed Merger of ETC Networks Limited with the Zee Entertainment Enterprises Limited, with effect from March 31, 2010 (Merger Appointed Date) and upon such merger, demerger of Education Business Undertaking from Zee Entertainment Enterprises Limited into Zee Learn Limited with effect from April 1, 2010 (Demerger Appointed Date)".
- 16 Jul · Business
  Hon'ble High Court of Bombay has, at the hearing held on July 16, 2010, approved the Composite Scheme of Amalgamation and Arrangement between ....
- 14 Jul · Disclosure
  Disclosure of transaction and Pledged Shares as on June 30, 2010, under Regulation 8A of SEBI (SAST) Regulation, 1997. (opens in a new tab)
- 12 Jul · Board meeting
  Inter alia, to consider and approve the Un-audited Financial Results of the Company for the 1st quarter of the financial year 2010-11 ended on June 30, 2010.
- 9 Jul · Disclosure
  ETC Networks Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE (For more details kindly refer www.bseindia.com) (opens in a new tab)
Apr 2010
- 22 Apr · Results
  Financial Results for the Quarter & Year ended March 31, 2010. (opens in a new tab)
- 19 Apr · Outcome of meeting
  Members of the Company at the Court Convened Meeting held on April 19, 2010, have approved with requisite majority the Composite Scheme of Amalgamation and Arrangement between ETC Networks Limited (ETC), Zee Entertainment Enterprises Limited (ZEEL), Zee Learn Limited (ZLL) and their respective Shareholders and Creditors made under the provisions of Sections 391 to 394 and other applicable provisions of the Companies Act, 1956, for the proposed Merger of ETC into ZEEL and upon such merger, demerger of Education Business undertaking from ZEEL into ZLL with effect from March 31, 2010 and April 1,2010 (Appointed Dates) respectively subject to necessary statutory and regulatory approvals including that of Honble High Court of Judicature at Bombay and such other authority (ies) as may be required.
- 19 Apr · Outcome of Court Convened Meeting
  Members of the Company at the Court Convened Meeting held on April 19, 2010, have approved with requisite majority the Composite Scheme of Amalgamation ....
- 16 Apr · Business
  Hon'ble High Court of Bombay has, at the final hearing held on April 16, 2010, approved the Scheme of Amalgamation of Cornershop Entertainment Company Private Limited, Cornershop Animation Company Private Limited, Digital Media Convergence Limited and Re-Med Services Private Limited, the four subsidiaries of the Company with the Company with effect from January 01, 2010 (Appointed Date).
- 16 Apr · Updates
  Hon'ble High Court of Bombay has, at the final hearing held on April 16, 2010 approved the Scheme of Amalgamation of Cornershop Entertainment ....
- 14 Apr · Disclosure
  ETC Networks Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE (For more details kindly refer www.bseindia.com) (opens in a new tab)
- 12 Apr · Disclosure
  Disclosure under Regulation 8A(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as on March 31, 2010. 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.
- 7 Apr · Board meeting
  Inter alia, to consider and approve the Un-audited financial results of the Company for the 4th quarter and financial year ended March 31, 2010.
Mar 2010
- 26 Mar · Notice of Meeting
  By an order made on March 12, 2010, in the Company's Summons for Direction, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of ETC Networks Limited, the Applicant Company, be convened and held on April 19, 2010, for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed arrangement embodied in the Composite Scheme of Amalgamation and Arrangement between ETC Networks Limited, Zee Entertainment Enterprises Limited and Zee Learn Limited and their respective Shareholders and Creditors. 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.
- 26 Mar · Business
  By an Order made on March 12, 2010, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of ETC .... (opens in a new tab)
Jan 2010
- 15 Jan · Results
  Financial Results for the Quarter ended December 31, 2009. (opens in a new tab)
- 13 Jan · Disclosure
  Disclosure of Pledged Shares under Regulation 8A of SEBI (SAST) Regulation, 1997. 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.
- 12 Jan · Disclosure
  ETC Networks Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE The Company has informed to BSE .... (opens in a new tab)
- 6 Jan · Board meeting
  Inter alia, to consider and approve the Un-audited financial results of the Company for the 3rd quarter of FY 2009-10 and nine months period ended December 31, 2009.
Dec 2009
- 29 Dec · Business
  Board of Directors at their meeting held on December 29, 2009 has approved the draft Composite Scheme of Amalgamation and Arrangement between the Company, Zee Entertainment Enterprises Limited (ZEEL), Zee Learn Limited and their respective Shareholders and Creditors under provisions of Section 391 to 394 and other applicable provisions of the Companies Act, 1956, for merger of the Company with ZEEL and upon such Merger, demerger of Education Business from ZEEL into Zee Learn Limited (being incorporated).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.
- 23 Dec · Board meeting
  Board of Directors of the Company at its meeting held today i.e. on December 23, 2009, has granted its in-principle approval for (i) amalgamation of the Company with its holding company, Zee Entertainment Enterprises Limited (ZEEL); and (ii) upon such merger, demerger of the Education Business from ZEEL into a separate Company, under a Composite Scheme of Arrangement, under Section 391 to 394 of the Companies Act, 1956, subject to appropriate statutory and regulatory approvals. The Board of Directors, at a meeting scheduled on December 29, 2009 shall inter alia consider the detailed Composite Scheme of Arrangement.
- 23 Dec · Proceedings of Board Meeting
  Board of Directors of the Company at its meeting held today i.e. on December 23, 2009, has granted its in-principle approval for (i) amalgamation of the Company with its holding company, Zee Entertainment Enterprises Limited (ZEEL); and (ii) upon such merger, demerger of the Education Business from ZEEL into a separate Company, under a Composite Scheme of Arrangement, under Section 391 to 394 of the Companies Act, 1956, subject to appropriate statutory and regulatory approvals. Further the Board of Directors, at a meeting scheduled on December 29, 2009 shall inter alia consider the detailed Composite Scheme of Arrangement.
- 21 Dec · Board meeting
  Inter alia to consider a proposal of restructuring of Broadcasting and education businesses of the Company.
- 17 Dec · Business
  Board of Directors of the Company at its meeting held on December 17, 2009, has considered and approved acquisition of 100% equity stake in Cornershop Entertainment Company Pvt. Ltd., which is into the animation business. Further, post such acquisition the Board of Directors of the Company has also considered and approved a Scheme of Amalgamation under Section 391-394 of the Companies Act, 1956 of Cornershop Entertainment Company Pvt. Ltd., together with its wholly owned subsidiaries i.e. Cornershop Animation Company Pvt. Ltd., Digital Media Convergence Ltd. and Re-Med Services Pvt. Ltd. with the Company as on the appointed date January 01, 2010. Since all the above amalgamating Companies are direct / indirect wholly owned subsidiaries of the Company, no shares would be issued by the Company pursuant to the scheme of Amalgamation. The said Scheme of Amalgamation shall be subject to the approval of the shareholders of the transferor Companies, the approval of jurisdictional High Court(s) and requisite consent and approval of the statutory and regulatory authorities as may be required for the implementation of the Scheme.
Oct 2009
- 23 Oct · Grant of Stock Options
  Pursuant to the Employees Stock Option Scheme (ETC-ESOP 2009) approved by the Members at the Annual General Meeting of the Company held on August 17, 2009, the Remuneration Committee of the Board, at its meeting held on October 23, 2009, has approved grant of 70,480 Stock Options (convertible into equivalent number of equity shares of the Company of Rs. 10 each) to the Employees of the Company and the Independent Directors of the Company. These Stock Options have been granted at an Exercise price of Rs.148.20 per equity share of Rs 10/- each (i.e. the closing price of shares of the Company on October 22, 2009 at the National Stock Exchange of India Ltd, which had the highest quantity of trading).
- 15 Oct · Disclosure
  Disclosure of Pledged Shares under Regulation 8A of SEBI (SAST) Regulation, 1997. 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.
- 6 Oct · Management
  Mr. Sanjay Jain, Director has resigned from the Directorship of the Company, effective from September 30, 2009.
- 5 Oct · Board meeting
  To consider and approve the Un-audited financial results of the Company for the 2nd quarter and half year ended on September 30, 2009.
Aug 2009
- 19 Aug · Meeting
  Proceedings of Annual General Meeting of the members of the Company held on August 17, 2009. 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). For more details click here.
Jul 2009
- 17 Jul · Disclosure
  Aggregate details of shares of the Company held and pledged by the Promoters as at the close of June 30, 2009. 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.
- 3 Jul · Board meeting
  Inter alia, to consider and approve the Un-audited financial results of the Company for the 1st quarter of the financial year 2009-10 ended on June 30, 2009.
Jun 2009
- 17 Jun · Updates
  Financial highlights as per Clause 20 of the Listing Agreement. 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). For more details click here.
- 16 Jun · Meeting
  Board of Directors of the Company at its meeting held today i.e. June 16, 2009 has : (1) Recommended dividend of Re. 2.50 per share of paid up value of Rs.10 each to the Equity share holders for the FY 2008-09; (2) Subject to approval of members, approved introduction of Employee Stock Option Plan (ESOP) in the Company; (3) Approved convening of next Annual General Meeting (AGM) of the members of the Company on August 19, 2009; (4) Approved closure of Register of Members and Share Transfer Books for the purposes of AGM and payment of dividend, if declared at the AGM, during the period from August 15, 2009 to August 19, 2009 (both days inclusive); & (5) Approved appointment of Mrs. Sheetal S Chitlange as Asst Company Secretary and Compliance officer of the Company in place of Mr. Rahul Neogi , who has resigned.
- 9 Jun · Board meeting
  Inter-alia, to consider and approve the Audited Financial Results of the Company for the financial year ended March 31,2009 & to recommend dividend, if any, for the FY 2008-09.
May 2009
- 28 May · Limited Review Report
  Auditors have conducted the limited review for the un-audited financial results for the quarter and financial year ended March 31, 2009. 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.
Apr 2009
- 9 Apr · Disclosure
  Disclosure pursuant to Regulation 8A(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The 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.
- 6 Apr · Board meeting
  Inter alia, to consider and approve the Un-audited financial results of the Company for the 4th quarter and financial year ended March 31, 2009.
Feb 2009
- 10 Feb · Disclosure
  Disclosure of pledged shares in terms of Regulation 8A(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. 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). For more details click here.
Jan 2009
- 19 Jan · Management
  Board has co-opted Mr. Surjit Banga as an Additional Director of the Company in the capacity of Non Executive Independent Director.
- 9 Jan · Allotment of Bonds
  Company has allotted 500 Nos. SRNCDs (Secured Redeemable Non Convertible Debentures) of Rs 10,00,000/- each to AXIS Bank, Mumbai, on private placement basis, on January 06, 2009, and the said NCDs carry distinctive numbers 01-500 under ISIN No. INE098J07014 allotted by NSDL for this purpose. Further, the issuance of the SRNCDs aggregating to Rs 75 crores has been rated as 'CARE A' (Single A) by Credit Analysis & Research Ltd, the Credit Rating Agency.
- 5 Jan · Board meeting
  Inter alia, to consider and approve the Un-audited financial results of the Company for the 3rd quarter (of the FY 2008-09) and nine months period ended December 31, 2008.
Dec 2008
- 26 Dec · Proceedings of Board Meeting
  The Board of Directors of the Company, at its meeting held on December 26, 2008, has: (a) accepted and taken on record resignation of Mr. V. V. Ranganathan as a Non-Executive Independent Director of the Company with effect from December 25, 2008; and b) accepted availing of the financing facility from AXIS Bank aggregating to Rs. 50 Crores by issuance of 500 Secured Non-Convertible Debentures of Rs. 10,00,000 (Rupees Ten Lacs only) each to Axis Bank Limited. Aforeaid Debentures shall be listed on the Debt Segments of the Stock Exchange(s).
- 26 Dec · Board meeting
  Inter alia, to consider and approve issuance of Secured Non-Convertible Debentures to Banks / Financial Institutions on a private placement basis.

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

20 Jul 2010Board or managers changeddown 3.21%−2.9 pts vs Nifty 500market median 0.0% · five sessions −5.9% (−6.1 pts vs Nifty 500) · volume 0.9× usual
13 Jan 2010Pledgeup 1.60%+1.1 pts vs Nifty 500market median −0.2% · five sessions +1.5% (−0.3 pts vs Nifty 500) · volume 0.6× usual
15 Oct 2009Pledgedown 6.49%−8.1 pts vs Nifty 500market median −0.2% · five sessions −9.5% (−10.8 pts vs Nifty 500) · volume 0.6× usual
7 Oct 2009Board or managers changedup 4.60%+4.7 pts vs Nifty 500market median 0.0% · five sessions −14.0% (−16.9 pts vs Nifty 500) · volume 8.1× usual
17 Jul 2009Pledgeup 3.74%+0.8 pts vs Nifty 500market median −0.2% · five sessions +10.3% (+4.4 pts vs Nifty 500) · volume 0.3× usual
17 Jun 2009Dividenddown 4.89%−1.2 pts vs Nifty 500market median 0.0% · five sessions −11.5% (−5.5 pts vs Nifty 500) · volume 0.3× usual
13 Jun 2008Dividendup 19.98%+20.3 pts vs Nifty 500market median 0.0% · five sessions +22.3% (+22.6 pts vs Nifty 500) · volume 4.1× usual

Sharp moves

24 of the 25 shown had no filing that day or the next.

MoveAgainst the Nifty 500Times its usual moveVolume, times usualFilings

1 Dec 2009No filing that day or the nextup 10.21%+6.6 pts vs Nifty 5002.7× its usual move · volume 0.4× usual
8 Jul 2009No filing that day or the nextdown 11.15%−8.8 pts vs Nifty 5001.9× its usual move · volume 0.1× usual
20 May 2009No filing that day or the nextup 11.25%+10.3 pts vs Nifty 5001.9× its usual move · volume 2.2× usual
19 May 2009No filing that day or the nextup 21.42%+2.6 pts vs Nifty 5004.2× its usual move · volume 1.9× usual
12 May 2009No filing that day or the nextup 11.24%+8.4 pts vs Nifty 5002.2× its usual move · volume 5.2× usual
17 Apr 2009No filing that day or the nextdown 10.05%−10.8 pts vs Nifty 5001.9× its usual move · volume 6.5× usual
18 Mar 2009No filing that day or the nextup 15.88%+14.9 pts vs Nifty 5002.7× its usual move · volume 0.6× usual
17 Feb 2009No filing that day or the nextdown 11.57%−6.0 pts vs Nifty 5001.8× its usual move · volume 0.2× usual
13 Feb 2009No filing that day or the nextup 10.42%+8.7 pts vs Nifty 5001.6× its usual move · volume 10.9× usual
7 Jan 2009No filing that day or the nextdown 14.63%−8.1 pts vs Nifty 5001.8× its usual move · volume 0.4× usual

15 earlier moves

29 Dec 20081 filingup 10.84%+8.7 pts vs Nifty 5001.3× its usual move · volume 4.9× usual
19 Dec 2008No filing that day or the nextup 12.71%+11.7 pts vs Nifty 5001.6× its usual move · volume 43.2× usual
18 Dec 2008No filing that day or the nextup 17.83%+14.3 pts vs Nifty 5002.4× its usual move · volume 13.4× usual
17 Nov 2008No filing that day or the nextdown 16.47%−13.7 pts vs Nifty 5002.3× its usual move · volume 0.3× usual
12 Nov 2008No filing that day or the nextdown 16.00%−13.3 pts vs Nifty 5002.3× its usual move · volume 0.2× usual
10 Nov 2008No filing that day or the nextup 19.14%+13.7 pts vs Nifty 5003.0× its usual move · volume 0.1× usual
6 Nov 2008No filing that day or the nextdown 13.22%−10.1 pts vs Nifty 5002.2× its usual move · volume 0.0× usual
4 Nov 2008No filing that day or the nextup 13.75%+10.3 pts vs Nifty 5002.4× its usual move · volume 0.1× usual
27 Oct 2008No filing that day or the nextdown 11.37%−8.3 pts vs Nifty 5002.1× its usual move · volume 0.1× usual
24 Oct 2008No filing that day or the nextdown 10.10%+0.8 pts vs Nifty 5001.9× its usual move · volume 0.1× usual
13 Oct 2008No filing that day or the nextup 16.58%+10.7 pts vs Nifty 5003.5× its usual move · volume 0.2× usual
10 Oct 2008No filing that day or the nextdown 18.60%−11.7 pts vs Nifty 5004.4× its usual move · volume 0.7× usual
8 Oct 2008No filing that day or the nextdown 12.70%−9.2 pts vs Nifty 5003.2× its usual move · volume 0.9× usual
29 Sep 2008No filing that day or the nextdown 10.07%−6.4 pts vs Nifty 5002.9× its usual move · volume 0.5× usual
29 Aug 2008No filing that day or the nextup 11.28%+8.0 pts vs Nifty 5002.5× its usual move · volume 0.9× usual

Last results date

ETC Networks share news and announcements

Sep 2010

Jul 2010

Apr 2010

Mar 2010

Jan 2010

Dec 2009

Oct 2009

Aug 2009

Jul 2009

Jun 2009

May 2009

Apr 2009

Feb 2009

Jan 2009

Dec 2008

How the price met the news

Sharp moves