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| Exchange Disseminated Time | Panama Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2011, inter alia, resolved the followings:
1. Recommend Dividend @ 50% subject to Shareholders approval.
2. Allotment of shares to the members of Monaco Petroleum Pvt Ltd pursuant to Amalgamation of Monaco Petroleum Pvt Ltd with Panama Petrochem Ltd.
3. Appointment of Mr. Hussein V. Rayani as an Additional Director and as a Joint Managing Director of the Company subject to shareholders approval. |
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