Accentia Technologies AGM approves 10% dividend

Accentia Technologies Ltd has announced that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2006, inter alia, have approved the declaration of interim dividend @10% on the paid-up equity share capital as the final dividend.

The AGM got overwhelming response from shareholders. Shareholders were informed about the performance of the subsidiary companies namely Geosoft Technologies Trivandrum Ltd and Iridium Technologies India Pvt Ltd.

Shareholders were also informed about the consent given by the Board of Directors for the Amalgamation / Merger of these subsidiaries with the Company subject to necessary approvals. Shareholders showed keen interest in the proposed merger / amalgamation, as it will enhance the shareholders wealth.

Shareholders were also informed about the strategic alliance that the Company signed recently with M/s Asscent Infoserve Pvt Ltd, Bangalore for the utilization of 7,000 SFT, 600 Seater BOP facilities.

Shareholders were also presented with the future plans of the Company to acquire US based Health Care BPO segment companies as a part of its Vertical Integration Strategy.

Source : Equity Bulls

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