Anant Raj Industries Board to consider interim dividend

Anant Raj Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 18, 2007, to consider the following:

1. To consider and take on record the Unaudited financial results for three months ended June 30, 2007.

2. To consider the payment of Interim Dividend for the year ended March 31, 2007.

3. To consider the Postal Ballot which shall comprise of the following matters:

a. The increase in the Authorized Share Capital of the Company from Rs 50.00 Crores to Rs 75.00 Crores.

b. The re-appointment and terms of remuneration payable to Sh. Anil Sarin, the Managing Director of the Company for a period of 5 years effective from December 31, 2007.

c. Approve the appointment of Shri. Ashim Sarin as Executive Director "Construction", on remuneration, terms & conditions.

d. Approve the appointment of Shri. Amar Sarin as Executive Director "Business Development", on remuneration, terms & conditions.

e. To Invest in the share capital of Companies by purchase of shares in accordance with the provisions of section 372A of the Companies Act, 1956, and the consequential matters emerging from discussions on the said matter.

Source : Equity Bulls

Keywords