Fedders Lloyd Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 20, 2009, has considered and approved the following items, subject to the requisite approvals:
1. Recommendation of dividend of 10% on the paid-up equity share capital of the Company for the year 2008-09, subject to the approval of shareholders in the forthcoming Annual General Meeting of the Company.
2. Increase in Authorized Share Capital of the Company from Rs. 500,000,000 to Rs. 700,000,000.
3. To raise funds through QIP/GDR/FCCB's / Preferential allotment under Section 81(1A) of the Companies Act 1956 for an aggregate sum not exceeding Rs. 400 Crores subject to approval of shareholders in the forthcoming Annual General Meeting of the Company.
4. Constitution of the Committee of the Board of Directors for the aforesaid issue of securities.
Friday, November 20, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment