Automotive Axles members' approve delisting from 2 Stock Exchanges
Automotive Axles Ltd has informed BSE that delisting of Company's equity shares from the Bangalore and Pune Stock Exchanges has been approved at the AGM held on January 29, 2004. Automotive Axles declares second Interim Dividend
Automotive Axles Ltd has informed BSE that the BoD at its meeting held on November 28, 2003 approved a second interim dividend of Rs 4.70 per share Automotive Axles clarifies on news item
With reference to the news item appearing in the leading financial daily titled "Automotive Axles up on order talk", Automotive Axles Ltd has informed BSE that the news reported is not correct. Automotive Axles receives A1+ Credit Rating from ICRA
Automotive Axles Ltd has informed BSE that the company has received "A1+" Credit Rating from ICRA Ltd, to the Commercial Paper Programme of the company for a sum of Rs 150 million and is valid upto May 14, 2004. Further, the company has also informed that the company's equity shares are listed in National Stock Exchange of India Ltd., wef May 29, 2003. Ashok Rao appointed as President & Wholetime Director of Automotive Axles
Automotive Axles Ltd has informed BSE that consequent to the expiry of the term of office of Mr Colin Imrie as the Wholetime Director on October 18, 2002, Mr Ashok Rao, Executive Director (Operations) was appointed as President and Wholetime Director of the Company effective November 01, 2002. Automotive Axles Q2 net profit up by 27.87%
Automotive Axles Ltd has posted a net profit of Rs 46.52 million for the quarter ended March 31, 2002 as compared to Rs 36.38 million in the corresponding period last fiscal. Total Income (net of excise) has increased from Rs 413.84 million in the quarter ended March 31, 2001 to Rs 483.59 million in the quarter ended March 31, 2002. BSE imposes Special Margin on Automotive Axles
BSE has informed the members of the exchange that Special Margin of 25% has been imposed on Automotive Axles Ltd with effect from today (April 3, 2002).Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net).