Patni Computer Systems (Delisted) share news and announcements

BSE: 532517

Last traded ₹515.80 on 18 May 2012

Delisted on 28 May 2012.

Patni Computer Systems share news and announcements

595 announcements, routine notices left out, newest first. Page 12 of 12.

  1. Aug 2007

    • 8 Aug · Meeting

      Proceedings of the Annual General Meeting of the Company held on June 21, 2007. 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.

    • 2 Aug · Allotment of Equity Shares

      The Compensation & Remuneration Committee of Directors of the Company vide circular resolution dated 1st August 2007 allotted 50,372 equity shares of par value of Rs.2/- each to Bank of New York as Depository in connection with the issuance of 25,186 American Depositary Shares (ADSs) to the foreign based employees pursuant to the exercise of ADR linked Options granted to them under the Company's Stock Option Plan

  2. Jul 2007

    • 26 Jul · Utilisation of Funds

      Statement of Utilisation of ADS Funds as of June 30, 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.

    • 26 Jul · Business

      Press release dated July 26, 2007, titled "Patni's Q2 2007 Revenues up 14.2% YoY at $ 163.3 million (Rs.6,628.1 million), Net Income up 98.9% at $ 33.2 million (Rs.1,347.5 million)". 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). For more details click here.

    • 26 Jul · Results

      Standalone Results for the half year ended on 30-JUN-2007 as follows: Net Sales of Rs. 54677.38 lacs for half year ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 21668.86 lacs for the half year ending on 30-JUN-2007.

    • 26 Jul · Results

      Consolidated Results for the half year ended on 30-JUN-2007 as follows: Net Sales of Rs. 133840.25 lacs for half year ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 28188.4 lacs for the half year ending on 30-JUN-2007.

    • 26 Jul · Results

      Standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 28018.56 lacs for quarter ending on 30-JUN-2007 against Rs. 26658.82 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 12069.53 lacs for the quarter ending on 30-JUN-2007 against Rs. 9599.33 lacs for the quarter ending on 31-MAR-2007.

    • 26 Jul · Results

      Consolidated Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 65877.68 lacs for quarter ending on 30-JUN-2007 against Rs. 67962.57 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 14794.87 lacs for the quarter ending on 30-JUN-2007 against Rs. 13393.53 lacs for the quarter ending on 31-MAR-2007.

    • 23 Jul · Business

      Press release dated July 23, 2007, titled "Patni Acquires Life Sciences Services Company Taratec for $27 million". 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). For more details click here.

    • 13 Jul · Board meeting

      Meeting of the Board of Directors of the Company will be held on July 25, 2007 - July 26, 2007, inter alia, to consider and take on record the Financial Results of the Company for the quarter ended June 30, 2007. Further, the same will be announced on July 26, 2007.

    • 10 Jul · Business

      Press release dated July 10, 2007, titled "Patni partners with iTKO for SOA Testing". 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). For more details click here.

    • 3 Jul · Business

      Press release dated July 02, 2007, titled "Patni acquires Telecoms Consulting Specialist Logan-Orviss International". 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). For more details click here.

  3. Jun 2007

    • 27 Jun · Business

      Press release dated June 27, 2007, titled "Patni and I(2)IT collaborate to design embedded solutions for medical imaging equipment". 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). For more details click here.

    • 22 Jun · Meeting

      Members of the Company, at the Annual General Meeting held on June 21, 2007 inter alia, approved the following resolutions: (1) Final dividend of Rs.3.00 per share (150% on an Equity Share of par value of Rs.2/-); (2) Re-appointment of Dr. Michael A Cusumano and Mr. Louis Theodoor van den Boog as directors liable to retire by rotation.

    • 11 Jun · Business

      Press release dated June 11, 2007, titled "Patni Computer Systems targets UK Insurers with Clear alliance". The details 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). For more details click here.

    • 4 Jun · Business

      Press release dated June 04, 2007, titled "Patni strengthens European operations- Appoints Brian Stones as Executive Vice-President to lead Europe". 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). For more details click here.

  4. May 2007

    • 22 May · News Verification

      News Verification : The media had reports on May 19, 2007 that Patni Computer Systems Limited IBM may acquire around 25% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Patni Computer Systems Limited has inter-alia replied. "We wish to clarify that the Company has not received any intimation from any large shareholder to offload any stake to any of the companies referred in the said news article."

    • 21 May · News Verification

      News Verification : The media had reports on May 19, 2007 that Patni Computer Systems Limited IBM may acquire around 25% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Patni Computer Systems Limited.

    • 17 May · Business

      Press release, dated May 16, 2007, titled "Patni Computer Systems Announces New Consulting Services." 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). For more details click here.

    • 17 May · Allotment of Equity Shares

      The Compensation & Remuneration Committee of Directors of the Company vide circular resolution dated 15th May 2007 allotted 35,610 equity shares of par value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 17,805 American Depository Shares (ADSs) to the foreign based employees pursuant to the exercise of ADR linked Options granted to them under the Company's Stock Option Plan.

    • 15 May · Meeting

      Register of Members & Share Transfer Books will remain closed from June 14, 2007 to June 21, 2007 (both days inclusive) for the purpose of Annual General Meeting to be held on June 21, 2007 and payment of dividend.

    • 3 May · E-mail ID for Investor Complaints

      Company has designated 'investors. [email protected]' exclusively for the purpose of registering complaints by investors.

  5. Apr 2007

    • 25 Apr · Utilisation of Funds

      Statement of Utilisation of ADS Funds as of 31 March 2007:- (1) Amount raised through ADS (6,156,250 ADSs @ $ 20.34 per ADS); No of shares :- 12,312,500; Price :- 466; Amount :- 5,739,262; (2) Share issue expenses; Amount :- 369,406. Net proceeds :- 5,369,856. Deployment :- (1) Held as short term investments; Amount :- 3,580,694, (2) Utilised for capital expenditure for office facilities; Amount :- 1,668,339, (3) Exchange loss; Amount :- 120,823. Net Proceeds; Amount :- 5,369,856

    • 25 Apr · Results

      The Members of the Company have passed the following Special Resolution by way of Postal Ballot, with the requisite majority. (1) To raise the Foreign Institutional Investors (including their sub - accounts) ("FIIs") investment limit in the Company from 24% to 74%. Earlier, Mr. Taizoon M Khumri, Practicing Company Secretary, was appointed by the Board of Directors by resolution dated March 13, 2007 as Scrutinizer for conducting this postal ballot voting process in fair and transparent manner.

    • 25 Apr · Business

      Press release dated April 25, 2007 in respect to the financial results for the quarter ended March 31, 2007. The details 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). For more details click here.

    • 11 Apr · Board meeting

      Meeting of the Board of Directors of the Company will be held on April 24, 2007 - April 25, 2007, inter alia, to consider and take on record the Financial Results of the Company for the quarter ended March 31, 2007. Further, the same will be announced on April 25, 2007.

    • 5 Apr · Allotment of shares

      The Compensation Committee of Directors of the Company vide circular resolution dated 30th March, 2007 allotted 2,25,722 equity shares of par value of Rs.2/- each to certain employees of the company pursuant to exercise of options granted to them under the Company's Stock Option Plan

  6. Mar 2007

    • 20 Mar · Allotment of shares

      The Compensation Committee of Directors of the Company vide circular resolution dated 16th March, 2007 allotted 57,150 equity shares of par value of Rs.2/- each to certain employees of the company pursuant to exercise of options granted to them under the Company's Stock Option Plan

    • 16 Mar · Meeting

      The members of Company will consider to approve, by way of Postal Ballot, the special resolution to raise the Foreign Institutional Investors ("FIIs") Investment Limit of the Company from 24% to 74%. The Board of Directors has appointed Mr. Taizoon M Khumri, Practicing Company Secretary, as Scrutinizer for conducting the Postal Ballot process in fair and transparent manner. The Postal Ballot forms duly completed should reach the Scrutinizer on or before 23rd April 2007. The Scrutinizer will submit his report to the Company Secretary of the Company after the completion of the scrutiny of the postal ballot and the results of the postal ballot and the results of the postal ballot will be announced on 25th April 2007

    • 12 Mar · Business

      Press release dated March 12, 2007, titled "Patni completes successful ERP implementation at Bombay Stock Exchange". The details 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). For more details click here.

    • 8 Mar · Business

      Press release dated March 08, 2007, titled "Patni seeks 'FORESIGHT' in the next generation". The 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). For more details click here.

    • 2 Mar · Allotment of shares

      The Compensation Committee of Directors of the Company vide circular resolution dated 28th February, 2007 allotted 8,850 equity shares of par value of Rs.2/- each to certain employees of the company pursuant to exercise of options granted to them under the Company's Stock Option Plan

  7. Feb 2007

    • 26 Feb · Business

      Press release, dated February 26, 2007, titled "ARC Advisory Group ranks Patni highest among global MDM Consultants." The details 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). For more details click here.

    • 19 Feb · Allotment of shares

      The Compensation Committee of Directors of the Company vide circular resolution dated 15th February, 2007 allotted 10,200 Equity shares at par value of Rs. 2/- each to certain employees of the Company pursuant to exercise of the options granted to them under the Company's Stock Option Plan.

    • 8 Feb · Business

      Press release dated February 08, 2007, titled "Patni's 2006 Revenues up 28.5% at $578.9 million (Rs.25,533 million), Net Income* up 30% at $79.2 million (Rs.3,491 million)". The details 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). For more details click here.

    • 8 Feb · Dividend

      Board of Directors of the Company at its meeting held on 08th February, 2007 has recommended a final dividend of 150% for the year 2006 (previous year 125%), subject to approval of the members at the Annual General Meeting.

    • 6 Feb · Business

      Press release, dated February 06, 2007, titled "Patni ranked as global leader in engineering services by Global Services and neoIT - Ranks Second in human capital development - Ranks Sixth in best performing IT service providers." The details 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). For more details click here.

    • 2 Feb · Allotment of shares

      The Compensation Committee of Directors of the Company, vide circular resolution dated 25th January 2007 allotted 26,950 Equity shares of par value of Rs. 2/- each to certain employees of the Company pursuant to exercise of the options granted to them under the Company's Stock Option Plan 2003 (Patni ESOP 2003)

  8. Jan 2007

    • 31 Jan · News Verification

      News Verification : The media had reports on January 30, 2007 that Patni Computer Systems Limited may bag a major order from a US multinational. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Patni Computer Systems Limited has vide its letter inter-alia stated, "As a matter of policy we do not comment on the speculative news items."

    • 23 Jan · Business

      Press release, dated January 23, 2007, titled "Patni Computer Systems Expands U.S. Operations." The details 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). For more details click here.

    • 19 Jan · Board meeting

      Inter alia, to consider and take on record the audited Financial Results of the Company for the year ended December 31,2006 and to consider the recommendation of dividend, if any, for the year ended December 31,2006.

    • 18 Jan · Business

      Press release dated January 18, 2007, titled "S P Jain Institute of Management & Research and Patni Collaborate to create industry-ready talent pool in Supply Chain Management". The details 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). For more details click here.

    • 9 Jan · Allotment of shares

      The Compensation Committee of Directors of the Company, vide circular resolution dated 5th January 2007 allotted 18,316 Equity shares of par value of Rs. 2/- each to certain employees of the Company pursuant to exercise of the options granted to them under the Company's Stock Option Plan 2003 (Patni ESOP 2003)

    • 4 Jan · Miscellaneous

      We received an assessment order along with a notice of demand from the Income Tax officer (Technical)-II, Pune, India on December 31, 2006, in connection with the regular assessment of our income tax return for the year ended March 31, 2004. The said assessment order amongst other things primarily disallows a taxable income deduction we made under Section 10A of the Income Tax Act, 1961 of India pertaining to our software development units located in Software Technology Parks of India (STPI). Section 10A of the Income Tax Act, 1961 provides a ten-year tax holiday for setting up software development units in STPI. The assessing officer has denied the tax deduction under section 10A, upon the premise that such benefits are inapplicable since the Company is already in the same business as the new units. The assessing officer has also stated that the business has been split as the company grew over the last several years. The order claims, among other things, that Section 10A benefits are for new business undertakings and are available only for new businesses and that the same business in new undertakings shall not qualify for such benefits etc and is therefore disallowed under section 10A of Income Tax Act, 1961. Accordingly, the assessment order disallows our claim for deduction under Section 10A, along with other disallowances, and requires us to make a payment of Rs. 630.16 Million (inclusive of interest), or approximately US$ 14.20 Million. In the opinion of management, based on legal advice received, the demand referred to in the assessment order is not tenable against the Company and does not require any provision on this account in our financial statements. We expect to file an appeal challenging the assessment order before the first appellate authority under the Indian tax laws known as the Commissioner (Appeals), on or before the due date for such appeals of January 30, 2007.

    • 4 Jan · Miscellaneous

      Although we currently believe we will ultimately prevail in our appeal, the results of such appeal, and any subsequent appeals, cannot be predicted with certainty. Should we fail to prevail in our appeal, or any subsequent appeals, in any reporting period, our financial results for such reporting period could be materially adversely affected