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| Exchange Disseminated Time | Emkay Global Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2010, inter alia, has;
1. Recommended final Dividend at the rate of Rs. 1 (One) per equity share of the face value of Rs. 10 each subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting.
2. Approved the transfer of Portfolio/Wealth Management Services Division of the Company to its proposed new Wholly Owned Subsidiary Company subject to the approval of the Securities & Exchange Board of India (SEBI) and shareholders of the Company and to seek the shareholders approval in this regard through Postal Ballot Process in terms of the provisions of Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001. |
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