Harita Seating AGM approves 45% dividend

Harita Seating Systems Ltd has announced that the members at the 10th Annual General Meeting (AGM) of the Company will be held on September 18, 2006, inter alia, have approved the declaration of dividend of Rs 4.50 per share on equity share of Rs 10/- each fully paid up for the year ended March 31, 2006.

Authority to Board for borrowing, from time to time, as it may consider fit, any sum or sums of moneys from any person, whether or not the moneys so borrowed together with the moneys already borrowed by the Company and remaining outstanding at any one time (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) exceed the aggregate of the paid-up capital of the Company and its free reserves that is to say, reserves that are not set apart for any specific purpose provided that the total amount so borrowed and outstanding at any one time (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) shall no exceed Rs 40 crores, subject to necessary provisions and approvals.

Source : Equity Bulls

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