Zenith Birla Board recommends dividend
Zenith Birla India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has transacted the following:
1. The Board has recommended the payment of total Dividend @ 7% for the financial year ended March 31, 2008 on the capital of 4,00,72,544 equity shares of Rs 10/- each fully paid up, which includes the Interim Dividend of 5% declared in January, 2008.
The total outgo on account of dividend payment (including dividend tax) for the Financial year works out to Rs 328 Lacs. (Including interim dividend of 5%).
2. The Board of Directors have proposed to increase the Authorised Share Capital of the Company from Rs 50 Crores to Rs 100 Crores, subject to the approval of the shareholders in the forthcoming Annual General Meeting.
3. The Board of Directors have proposed to issue ADRs / GDRs / FCCB or other securities upto Rs 200 Crores (Rupees Two Hundred Crores Only), subject to the approval of the shareholders in the forthcoming Annual General Meeting.
Tags: Zenith Birla