GMM Pfaudler AGM approves stock split

GMM Pfaudler Ltd has announced that the members at the 43rd Annual General Meeting (AGM) of the Company held on September 26, 2006, inter alia, have approved the payment of four Interim dividends paid during the year were confirmed by the Shareholders as Final Dividend for the Financial Year ended March 31, 2006.

Authorized Share Capital of the Company was consolidated and existing equity shares of Rs 10 each was subdivided into 5 equity shares of Rs 2 each. Pursuant to this, Clause V of Memorandum of Association and Article 5 of Articles of Association of the Company were amended to give effect of consolidation of equity shares from Rs 10 to Rs 2 per Share.

Source : Equity Bulls

Keywords