Punj Lloyd AGM approves QIP Issue, dividend

Punj Lloyd Ltd has announced that the members at the 19th Annual General Meeting (AGM) of the Company held on July 27, 2007, inter alia, have approved the following resolutions:

1. Declaration of dividend @ Re 0.30 per share for the year ended March 31, 2007.

2. Raising of funds through issue of appropriate securities inter-alia by way of issue of shares through QIB placement.

3. Issue of warrants not exceeding 10,000,000 to Mr. Atul Punj / M/s. Indtech Construction Pvt Ltd., promoters of the Company.

Source : Equity Bulls

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