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| Exchange Disseminated Time | KCP Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2010, inter alia, has recommended the following for the approval of the shareholders:
1. Dividends:
a. 12% on the Preference Shares calculated on a Pro-rata basis from the date of allotment. The amount of the dividend is Rs. 74,30,137/-.
b. A final dividend at Rs. 2.50 per share (25% on paid-up equity share capital of the Company) amounting to Rs. 3,22,30,290/-. This along with the three interim dividends of 25% each totals to 100% and the total value of the dividend to the shareholders is Rs. 12,89,21,160/- which is the same as in the previous year.
2. Proposal for sub-division of each share in issued equity capital of 1,28,97,748 (one crore twenty eight lakhs ninety seven thousand seven hundred and forty eight) shares of Rs. 10/- (Rupees ten only) each into 12,89,77,480 (Twelve crores eighty nine lakhs seventy seven thousand four hundred and eighty) shares of Re. 1/- (Rupee one only) each and each share in 2,21,02,252 (Two crores twenty one lakh two thousand and two hundred fifty two) unclassified shares of Rs. 10/- (Rupees ten only) each into 22,10,22,520 (Twenty two crores ten lakhs twenty two thousand and five hundred and twenty) unclassified shares of Re. 1/- (Rupees one only) each and to make relevant changes in Memorandum and Articles of Association of the Company. |
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