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| Exchange Disseminated Time 25/05/2016 18:52:18 | Karma Energy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2016, has transacted the following:
1. The Board of Directors did not recommend any dividend on the equity shares in view of losses incurred during the financial year.
2. The 9th Annual General Meeting of the Company is scheduled to be held on September 02, 2016 at Babasaheb Dahanukar Hall, Maharashtra Chamber of Commerce, Oricon House, 6th Floor, Kaala Ghoda, Mumbai - 400 001.
3. Sale of Investment in Subsidiary Companies
The Board of Directors has consented for sale of investment in the following subsidiary companies to potential investors in one or more tranches 1) Almi Hydro Electric Projects Ltd, 2) Baledh Energy Projects Limited 3) Joiner Hydro Power Projects Limited and 4) Vajharpada Energy Limited |
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