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| Exchange Disseminated Time | DB International Stock Brokers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 19, 2010, inter alia, has transacted the following:
1. The Board of Directors of the Company has recommended dividend @ Rs. 1/- equity share held on the existing face value of Rs. 10/- per Equity Share.
2. The Board of Directors of the Company has subject to approval of Shareholders at the Annual General Meeting, re-appointed Mr. Shiv Narayan Daga as a Managing Director of the Company for a further period of 5 (five) years on the terms and conditions as tabled before the meeting.
3. The Board of Directors of the Company has subject to approval of the Shareholders at the Annual General Meeting and consequently altering the Memorandum of Association of the Company approved sub-division of its existing 1 (One) Equity Share of Rs. 10/- into 5 (Five) Equity Shares of Rs. 2/- each. |
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