Poly Medicure to raise capital, declares Rs.2 dividend

Poly Medicure Ltd has announced that the members at the 11th Annual General Meeting (AGM) of the Company held on September 05, 2006, inter alia, has approved the following:

1. Declaration of Dividend at the rate of Rs 2.00 per Equity Share on the Equity Shares out of the profits of the Company for the financial year ended March 31, 2006.

2. Increase of Authorized Capital of the Company from Rs 6,00,00,000/- to Rs 9,00,00,000/-.

Source : Equity Bulls

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