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.