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| Exchange Disseminated Time | Kanani Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company was held on June 11, 2008, it is proposed to :
- Adopt and Approve the Audited Annual Accounts for financial year 2007-08.
- Convene an 25th Annual General Meeting of the Company on July 07, 2008, for the financial year 2007-08.
Further the Company has informed that, the below mentioned items of businesses were not in the agenda of the Board Meeting held on June 11, 2008 but due to availability of surplus funds and reserves of the Company during the financial year 2007-2008 and subject to approval of the Members at forthcoming abovementioned 25th Annual General Meeting, it is proposed to award the shareholders by way of:
- Recommendation of dividend @ 5% for the financial year 2007-2008;
- Issue of bonus shares in the ratio 1:1 which is not in lieu of dividend. |
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