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| Exchange Disseminated Time | Peninsula Land Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2013, inter alia, has recommended dividend as detailed below:
1. Re. 0.50 per share on 5% Cumulative Redeemable Preference Shares of Rs. 10/- each.
2. Rs. 1.50/- per share on Equity shares of Rs. 2/- each.
Further the Company has informed that, the Board of Directors considered and approved as on May 27, 2013 also in principally Restructuring / Merger plan of certain subsidiary Company with the Company. Further it was decided to convert certain other companies into Limited Liability Partnerships.
Further, the Board has constituted and authorized a “Restructuring Committee” comprising of the Whole - Time Directors of the Company to finalise the proposed restructuring and take all necessary steps including finalization of Scheme and implementing the same. |
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