Rama Newsprint Board to consider dividend

Rama Newsprint & Papers Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 26, 2007, inter alia, to consider and approve the following:

1. To approve the annual accounts for the financial year ended March 31, 2007.

2. Recommendation of dividend, if any, on the equity shares of the Company.

3. To take on record the audited financial results for the financial year ended March 31, 2007.

4. Issue of warrants on preferential basis convertible into equity shares.

5. Issue of any securities including Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs), warrants, convertible into depository receipts with underlying equity shares.

Source : Equity Bulls

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