Champagne Indage Board recommends dividend
Champagne Indage Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has transacted the following business:
1. Recommended Dividend of 22% i.e. Rs 2.20/- per equity share for the year ended on March 31, 2008 on equity shares of Rs 10/- of the Company.
2. Increase in borrowing powers from Rs 500/- crores to Rs 2000/- crores, subject to the approval of the shareholders of the Company.
3. Increase in remuneration of Mr. Ranjit Chougule, Managing Director.
Tags: Champagne Indage