VIP Industries AGM approves 20% dividend

VIP Industries Ltd has announced that the members at the 39th Annual General Meeting (AGM) of the Company held on September 18, 2006, inter alia, have approved the dividend at the rate of Rs 2/- per equity share of Rs 10/-.

Approval of borrowing limits pursuant to Section 293(1)(d) of the Companies Act, 1956, at Rs 250 Crore over and above the paid up equity share capital and free reserves of the Company.

Authorisation to Board of Directors to offer security by way of creating charge / mortgage on property of the Company, both present and future.

To delist the Company's equity shares from the Ahmedabad Stock Exchange Ltd & the Delhi Stock Exchange Association Ltd.

Source : Equity Bulls

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