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| Exchange Disseminated Time | Jindal Worldwide Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2005, inter alia, have approved the following:
1. Declaration of Dividend on Equity Shares @ 10%.
2. Issue of Bonus shares in the ratio of three Equity Shares against one equity shares held by the existing shareholders of the Company.
3. To increase the Authorized Capital from Rs 200 million to Rs 300 million.
4. To part finance expansion cum diversification plans, to tap capital market by way of further issue of shares by way of public issue of equity shares of the suitable size as may be decided by the Board.
5. Authority to the Board by increasing its Borrowing powers from Rs 500 million to Rs 1000 million.
6. Authority to the Board to mortgage or hypothecate properties of the appropriate value of the Company consequent to the increase in the limit of the borrowing bowers of the Company.
Further the Company has informed that the October 31, 2005 has been fixed as Record date for the purpose of Bonus issue. |
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