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| Exchange Disseminated Time | Ravi Kumar Distilleries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2011, inter alia, has transacted the following business:
1. Appointed Dr. Anand Ravi Kumar as an additional Director of the Company.
2. Proposed the reappointment of rotational Directors Mr. KSM Rao and Mr. Ashok R Shetty.
3. Noted the resignation of Mrs. R Amrithavalli, Director of the Company.
4. Proposed a dividend of 25 paise per share for the whole year. The Board also noted that, though the resources are limited for declaration of a dividend, it was resolved to propose a dividend of 25 paise per share as a gratitude to the shareholders for reposing the faith on the Company and for the successful completion of our recently concluded public issue.
5. Proposed the reappointment of the Statutory Auditors for the period 2011-12.
6. Proposed ESOP to the employees and Directors of the Company.
7. Proposed the increase in the borrowing limit of the Company.
8. Proposed the increase in loans and investments in compliance of Section 372A of the Companies Act, 1956.
9. To call the Annual General Meeting on August 06, 2011 and approved the Notice to the shareholders thereof. |
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