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| Exchange Disseminated Time 18/05/2016 15:50:42 | Indo Rama Synthetics (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2016, inter alia, has taken the following decisions:
1. The Board has recommended dividend of Re. 1/- per share (10%) on equity shares for the financial year 2015-16, subject to the approval of the shareholders.
2. The Board has approved issuance of unsecured Non-Convertible Debentures to its Wholly Owned Subsidiary, Indo Rama Renewables Limited, upto Rs. 50 Crores on Private Placement.
The meeting of the Board of Directors commenced at 1:30 PM and concluded at 3:10 PM. |
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