Aurobindo Pharma AGM approves 30% dividend

Aurobindo Pharma Ltd has announced that the members at the 19th Annual General Meeting (AGM) of the Company held on September 18, 2006, inter alia, have approved the declaration of Dividend @ 30% (Rs 1.50 per share) on equity shares of Rs 5/- each.

Special Resolutions consenting for introduction of Employee Stock Option Scheme - 2006 not exceeding 7,99,050 equity shares of Rs 5/- each (1.5% of the total issued capital as on March 31, 2006) at such price in one or more tranches as may be determined by the Board / Compensation Committee in accordance with the guidelines or other provisions of law as may be prevailing from time to time and approving to extend the benefits of such scheme to subsidiary Companies.

Source : Equity Bulls

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