LGS Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 18, 2009, has considered the following issues:
1. The Board recommended dividend @ 2.5% on the paid up capital of the Company, i.e. @ Re. 0.25/- on one equity share of Rs. 10/-each.
2. The Board considered change in designation of Mr. Venkateswara Rao Kadiyala from Co- Chairman to Joint Managing Director and accordingly appointed him as Joint Managing Director w.e.f. November 18, 2009 subject to members' approval and other applicable provisions of the Companies Act, 1956.
3. The Board considered change in designation of Mr. Venkata Subba Rao Karusala from Vice-Chairman & Managing Director to Managing Director only and accordingly appointed him as Managing Director w.e.f. November 18, 2009 subject to members' approval and other applicable provisions of the Companies Act, 1956.
4. The Board interalia recommend the resolution for members approval through notice for raising of funds through QIP / FCCB / GDR etc. any other mode.
Wednesday, November 18, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment