Hindustan Unilever to announce Q2 results on Jul 29, 2007, consider buy-back of shares

Hindustan Unilever Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 29, 2007, for:

1. Adoption of provisional unaudited financial accounts of the Company for the quarter and half year ended June 30, 2007 (Q2), along with the Limited Review report of the auditors for the corresponding period.

2. Declaration of interim dividend for the year ending December 31, 2007, as may be determined by the Board at the said meeting.

In the said meeting, the Company also proposes to seek in-principle approval of the Board for buy back of Company's own shares in terms of the Articles of Association of the Company and for this purpose approve and settle draft notice to be issued pursuant to Section 192A of the Companies Act, 1956 and Companies (Passing of Resolution by Postal Ballot) Rules 2001, for seeking the approval of the shareholders by way of special resolution, as prescribed under the relevant provisions of the Companies Act, 1956.

Further the Company has informed that, August 08, 2007 has been fixed as the Record Date for the purpose of payment of interim dividend.

Source : Equity Bulls

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