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| Exchange Disseminated Time 30/05/2016 19:32:56 | Fiem Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia,
- Recommended a Final Dividend at the rate of Rs. 3/- (three) per Equity Share (Nominal Value Rs. 10/- each, all fully paid-up) for Financial Year 2015-16, subject to declaration by the shareholders of the Company in ensuing Annual General Meeting;
- Approved the raising of funds for an amount up to Rs. 120 crores through issuance of Equity Shares through Qualified Institutions Placement (QIP)/ preferential issue under the SEBI (ICDR) Regulations, 2009 and other applicable laws, to eligible investors, subject to the approval of the shareholders. In this regard, Board decided to seek an enabling resolution from the shareholders by way of Postal Ballots. |
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