Ganesh Housing Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has recommended a dividend of 45% i.e. Rs 4.50 per equity share of Rs 10/- each for the financial year 2007-2008, subject to the approval of the shareholders at the ensuing Annual General Meeting.
Ganesh Housing Corporation Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 25, 2008, have unanimously passed the following resolutions:
1. To empower the Board of Directors to Borrow pursuant to section 293(1)(d) of the Companies Act, 1956 upto Rs 5000 Crores.
2. To empower the Board of Directors to Sell, Lease or otherwise dispose of the undertaking of the Company pursuant to section 293(1)(a) of the Companies Act, 1956.
Ganesh Housing Corporation Ltd has informed BSE that the name of the Company’s subsidiary Company has been changed from “Madhul Properties Pvt Ltd” to “Ganesh Infrastructure (India) Pvt Ltd” consequent to the Fresh Certificate of Incorporation of change of name issued by Registrar of Companies on March 04, 2008.
Ganesh Housing Corporation Ltd has informed BSE that the Board of Directors of the Company
at its meeting held on February 27, 2008, inter alia , has taken the following decisions :
1. Increasing the Borrowing powers upto Rs 5000 crores pursuant to the Companies Act, 1956.
2. Sell, Lease or otherwise dispose of the undertaking of the Company pursuant to the Companies Act, 1956.
3. Convening of the Extra Ordinary General Meeting of the members of the Company on March 25, 2008 to pass relevant resolutions.