Elder Pharmaceuticals AGM approves borrowing limit, 25% dividend

Elder Pharmaceuticals Ltd has announced that a members at the 23rd Annual General Meeting (AGM) of the Company held on September 29, 2006, inter alia, have approved the declaration of dividend @25% for the year ended March 31, 2006.

Increase in the borrowing powers of the Board of Directors to Rs 350 crores under the provisions of section 293(1)(d) of the Companies Act, 1956.

Source : Equity Bulls

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