Shilp Gravures AGM approves 18% dividend

Shilp Gravures Ltd has announced that the members at the 13th Annual General Meeting (AGM) of the Company held on August 30, 2006, inter alia, have approved the declaration of Dividend @ 18% on the paid-up capital of the Company.

Authority to the Board for borrowing moneys, from time to time, on such terms and conditions as the Board may deem fit, not exceeding a sum of Rs 40,00,00,000 notwithstanding that the moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid-up share capital and free reserves, subject to necessary provisions & approvals.

Source : Equity Bulls

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