|
| Exchange Disseminated Time | Carborundum Universal Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 04, 2016, inter alia, has transacted the following :
1. The 62nd Annual General meeting of the shareholders of the Company is scheduled to be held on August 03, 2016.
2. The Board has recommended that the interim dividend of Rs.1.50/- per share paid during the year ended March 31, 2016 on the equity shares of Rs.1/- each be confirmed as the final dividend for the FY 2015-16 at the 62nd Annual General Meeting.
3. The Board has recommended that the shareholders approval obtained at the 61st Annual General Meeting held on August 03, 2015 for offer/ invitation to subscribe to secured/ unsecured non-convertible debentures by way of private placement upto Rs.2500 million within the overall borrowing limits of the Company which remains unutilized by the Company as on date be again obtained at the forthcoming Annual General Meeting in terms of Companies (Prospectus and Allotment of Securities) Rules, 2014.
The Board meeting commenced at 2.15 p.m. and concluded at 4.25 p.m. |
|
|