Wednesday, October 24, 2007

Vikas WSP - Outcome of Board Meeting on 24/10/2007

Vikas WSP informed BSE vide below notice Published at BSE site about the Outcome of Board Meeting that held on 24/10/2007.

Vikas WSP Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 24, 2007, inter alia, has concluded the following businesses:

1. The Board of Directors unanimously approved to issue 2475000 equity shares on preferential basis to Sh. B D Agarwal (Promoter) at an aggregate price of Rs 82.50 per share (Premium Rs 81.50 per share and face value Rs 1/- per share) or at a price calculated as per SEBI formula which ever is higher subject to the SEBI guidelines. However, the difference, if any, is worked out as per SEBI formula, will be paid by the promoters.

2. The Board of Directors unanimously authorized Sh. B D Agarwal, Managing Director of the Company to consider for placing not more than 15% i.e. 2.40 Crore equity shares of the post issue capital of approx Rs 16.02 Cr on Preferential basis to each FIIs. The maximum total number of shares to be issued would be 4.80 Crore. The aggregate share price would be Rs 82.50 crore or to be calculated as per SEBI formula, which ever is higher according to SEBI (DIP) guidelines. The negotiations in respect of placement of shares will be done with these FIIs during London (UK) visit of Sh. B D Agarwal w.e.f. October 28, 2007 to November 01, 2007.

3. The funds so raised will be used to part finance the ongoing planned projects of the Company as under:-

A. BARODA PROJECT - For the manufacture of guar derivatives for use in ENERGY SECTOR i.e. oil & gas wells fracturing / exploration.

B. BIKANER PROJECT - For the manufacture of Organic Guar Polymers & other products for use in organic food applications.

4. The Board also authorized Sh. B D Agarwal to comply with all the legal formalities whatsoever in respect of items No. 1 and 2 above and also to appoint consultants, etc., as needed.


The above notice can be accessed at this Link of BSE here

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Vikas WSP - Board Meeting on Oct 31, 2007

Vikas WSP informed BSE vide below notice Published at BSE site about the Board Meeting to be held on Oct 31, 2007.

Vikas WSP Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2007, inter alia, to consider to engage an Internationally renowned Audit Firm as a statutory auditors of the Company.

The above notice can be accessed at this Link of BSE here

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Thursday, October 18, 2007

Independent Directors on Board of Vikas WSP

Vikas WSP informed BSE vide below notice Published at BSE site about Independent Directors which shall be on Board of Vikas WSP.

Vikas WSP Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2007, inter alia, to consider & approve the following persons for taking them on the Board of the Company as Independent Directors:

1. Shri. Vishanu Bhagwan, IAS (Retd.)

2. Shri, Kishan Lal (IPS Retd.)

3. Shri. R A Mittal (IRS Retd.)

The above notice can be accessed at this Link of BSE here

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Preferential shares to FIIs Groups also

Vikas WSP informed BSE vide below notice Published at BSE site about Preferential shares to be issued to FIIs Groups.

Vikas WSP Ltd has informed BSE that the meeting of the Board of Directors of the Company which is scheduled to be held on October 24, 2007, inter alia, also to consider and to authorize Mr. B D Agarwal, Managing Director of the Company to issue equity shares of the Company on preferential basis to different FIIs groups registered with SEBI.

The above notice can be accessed at this Link of BSE here

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Tuesday, October 16, 2007

Preferential shares to the promoters at Rs 82.50/- per share

Vikas WSP informed BSE vide below notice Published at BSE site about Preferential shares to be issued to the promoters at Rs 82.50/- per share.

Vikas WSP Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2007, inter alia, to consider the following :

1. To consider and to determine issuance of Equity Shares on preferential basis to the promoters at an aggregate price of Rs 82.50/- per share of Rs 1/- face value to part finance the ongoing project.

The above notice can be accessed at this Link of BSE here

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Tuesday, October 09, 2007

Wait for Vikas WSP share to go to B1 or B2 group from Z group

Everybody is wondering why Vikas WSP share is not moving upwards now a days. Pl. note that at present this stock is in the Z group. In Z group all shares are traded on delivery basis only & shares are not net off on that day. This simply means that Day trading i.e. when you can buy & sell shares on the same day & the shares are net off on that day, is not possible now. This also means that "Day traders" who really make movement to a stock are absent in this stock.

If you just see Reliance shares, most of the trading is done by day traders, which increases the liquidity of the stock in the market & volumes are increased phenomenally & hence speculative buying ( by not investing much money or at all any money) increases the share price. So the juice that is provided to any share by the "Day traders" is missing in Vikas WSP right now, hence there is no speculative buying in this stock. Share market is mostly about speculation & that is provided by "Day traders" only. Now this "Day trading" can only happen once Vikas WSP share comes out of "Z group" & moves to B1 or B2 group.

As per today's quarterly results, Vikas WSP has shown remarkably well, increase in profits & sales. Seeing the health of the company & it's future plans, this share shall increase greatly once it moves to B1 or B2 group & when "Day traders" are able to increase liquidity of this stock in the market. So advice to all those who are holding this shares, is to wait a little bit more, as very soon it shall come out of "Z group" & shall move to B1 or B2 group. Once that happens, it's price shall zoom like anything.

So Dear Friends, don't lose heart, as it has a very bright future. Only thing you have to do is "KEEP PATIENCE" for some more time & certainly you shall reap rich rewards. Do not, Do not, Do not sell in panic or in loss nowadays & Wait, Wait, Wait little more.

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Vikas WSP Board declares interim dividend & informs BSE

Today Vikas WSP informed BSE vide below notice Published at BSE site about the interim dividend.

"Vikas WSP Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 09, 2007, inter alia, has considered & approved the payment of Interim Dividend @ 25% (i.e. Rs 0.25/- per Equity Shares of Re 1/- face value) for financial year ended on March 31, 2008."

The above notice can be accessed at this Link of BSE here

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Vikas WSP net up 51% in Sep`07 qtr

Vikas WSP announced its last quarter results today which can be seen at BSE site here........Vikas Wsp Sep`07 qtr results

As per myIRIS results analysis today,

"Vikas Wsp has announced a phenomenal increase in net profits for the quarter ended September 2007. During the quarter, the company witnessed a 50.74% rise in profits to Rs 172.61 million from Rs 114.51 million in the same quarter, last year.

Sales for the quarter rose 42.51% to Rs 820.92 million, compared with the corresponding quarter, a year ago.

Operating margins increased to 25.89% during the quarter, a rise of 140.47 basis points, compared with the corresponding quarter, a year ago.

Net Margins, on the other hand, rose to 20.08%, during the quarter from 19.13%.

The company`s earnings per share on a trailing 12 month basis is Rs 4.36.

At the closing price of Rs 49.90 on Oct. 08, 2007 at the BSE, the company`s shares were valued at 11.43 times earnings, on a trailing 12 month basis."

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Monday, October 01, 2007

Vikas WSP Board to consider Interim Dividend

Vikas WSP Ltd. today(1/10/2007) has informed Bombay Stock Exchange(BSE) that the Vikas WSP Board is considering Interim Dividend:

Vikas WSP Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 09, 2007, inter alia, to consider the following:

1. To consider and approve the Un-Audited Second Quarter Financial Results for the Quarter ended September 30, 2007.

2. To consider and approve payment of Interim Dividend @ 25% (i.e. Rs 0.25/- per Equity Share of Rs 1/- face value) for Financial Year ended on March 31, 2008.3. To fix the Record date for payment of interim dividend.

The above notice can be accessed at this Link of BSE here

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Vikas WSP - Outcome of AGM

Vikas WSP Ltd. today(1/10/2007) has informed Bombay Stock Exchange(BSE) about the Outcome of AGM vide below notice Published at BSE site.

Vikas WSP Ltd has informed BSE that the members at the 19th Annual General Meeting (AGM) of the Company held on September 26, 2007, inter alia, have passed all the resolutions with requisite majority.

The above notice can be accessed at this Link of BSE here

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