Prithvi Information Solutions (Delisted) share news and announcements

BSE: 532675

Last traded ₹1.25 on 14 Sep 2015

Delisted on 21 Aug 2018.

Prithvi Information Solutions share news and announcements

212 announcements, routine notices left out, newest first. Page 5 of 5.

  1. Jul 2007

    • 23 Jul · Board meeting

      Meeting on 31 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”

  2. May 2007

    • 10 May · Miscellaneous

      The Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) has chosen Prithvi Information Solutions Limited for the award of "Excellence in Information Technology Company (Silver Rolling Trophy) - Instituted by Oriental Bank of Commerce, Secunderabad" for the year 2005-2006. The award consisting of a Trophy, Plaque and Citation will be presented to the company at the 89th Annual Function & Awards distribution of the Federation in due course

  3. Apr 2007

    • 24 Apr · Utilisation of Funds

      The utilisation of IPO proceeds as at 31st March, 2007 is as follows: (a) spent towards IPO expenses- Rs.10 crores, (b) Working Capital induction of- Rs.20 crores and (c) spent on offshore Development Centre- Rs.66 Crores. Balance is being utilised in due course

    • 19 Apr · Corporate action

      The Board of Directors at their meeting held on 18th April, 2007 had approved payment of interim dividend @ 20% for the year 2006-07 viz. Rs.2.00 on every share of Rs.10/- each and fixed May 05, 2007 as Record Date for the above purpose

    • 18 Apr · Board meeting

      Meeting of the Board of Directors of the Company was held on April 18, 2007 and approved the un audited financial results for the year ended March 31, 2007. (1) As per the results, the net income from sales/services has risen to Rs. 76827.44 lakhs from Rs.45272.48 lakhs for the previous year, which is growth of 69.70%. (2) The operating profit before interest and depreciation stood at Rs.10736.78 lakhs (previous year Rs.5362.90 Lakhs), increase of 100.20%. (3) The operating profit after interest and depreciation for the year ended March 31, 2007 is Rs.9775.54 lakhs (previous year Rs.5023.41 lakhs), which is growth of 94.60%.

    • 18 Apr · Dividend

      Meeting of the Board of Director of the Company held on April 18, 2007 has announced an interim dividend of 20% for the year 2006-07. viz., Rs.2.00 on every share of Rs.10/- each on the paid up capital of Rs.18.07 Crores. (Previous Year Interim Dividend is 15% on the paid up capital of Rs.18.07 Crores).

    • 11 Apr · Board meeting

      To consider inter-alia the Un-audited Financial Results for the quarter ended March 31, 2007 and payment of interim dividend for the FY ended March 31, 2007.

  4. Mar 2007

    • 9 Mar · Management

      The Board has received a communication recently from the company's statutory auditor i.e M/s Patwari & Co., that they will not be able to continue as auditors for the financial year 2007-08 onwards and requested the Company to make alternate arrangements. Therefore, the Board of Directors in their meeting held on 26th February, 2007 have resolved to recommend the name of S R Batliboi & Associates (Ernst & Young) to be appointed as statutory auditors of the Company for the Financial Year 2007-08 onwards. The Company is pleased to inform that M/s S R Batliboi & Associates have confirmed that such appointment, if made, will be in compliance with Section 224(1B) of the Companies Act, 1956

  5. Feb 2007

    • 26 Feb · Board meeting

      February 26, 2007 that: "The Board of Directors of Prithvi Information Solutions Limited, have met today and allotted Zero Coupon FCCBs to an extent of USD 50,000,000 to Lehman Brothers Europe, London at a conversion price of Rs.469.13 (Rs.44.0900 per USD). The bonds are due for redemption in 2012. M/s Edelweiss Capital Limited and Athena capital Partners, LLP have acted as the Joint Lead Managers. The Bank of New York acts as Trustees for the Bonds. The proceeds of the Bonds will be utilized for the purpose of overseas acquisitions as well as other permitted usages. The Company has already identified few companies for acquisition and they are likely to be materialized in next few months. The bonds will be listed on the Singapore Stock Exchange".

    • 21 Feb · Foreign Currency Convertible Bonds

      Prithvi Information Solutions Limited (the "Company") has launched a USD 50,000,000 Zero Coupon Foreign Currency Convertible Bonds Due 2012 (the "Bonds") Offering (the "Offering"). The Offering has been approved by the shareholders of the Company by way of a special resolution at their Annual General Meeting held on 29th September, 2006. The Bonds will be listed on the Singapore Exchange Securities Trading Limited. The Offering has been fully subscribed and the conversion price for the Bonds has been fixed at Rs. 469.13 per equity share. The yield to maturity on the bonds would be 8.58%. Edelweiss Capital Limited acted as the Placement Agents and Adviser to the Company for this Offering.

  6. Jan 2007

    • 29 Jan · Utilisation of Funds

      The utilisation of IPO proceeds as at 31st December, 2006 is as follows: (a) spent towards IPO expenses- Rs.10 crores, (b) Working Capital induction of- Rs.20 crores and (c) spent on offshore Development Centre- Rs.66 Crores. Balance is being utilised in due course

    • 18 Jan · Board meeting

      Meeting on 24 Jan 2007: “Unaudited Financial Results for the quarter ended Dec 31, 06”