Paradyne Infotech AGM approves 10% dividend, increase in share capital

Paradyne Infotech Ltd has announced that the members at the 9th Annual General Meeting (AGM) of the Company held on September 29, 2006, inter alia, have approved the declaration of dividend @ 10% on the equity shares of the face value of Rs 10/- each i.e. Re 1 per share.

Increase in the authorized capital of the Company from Rs 12,00,00,000 to Rs 15,00,00,000 and consequent amendments in the Memorandum & Articles of Association of the Company.

Authorized Board of Directors to create, issue and allot options exercisable into not more than 1000000 equity shares of the Company to the employees of the Company and / or its subsidiary company(ies), by way of the Employees Stock Option Scheme.

Source : Equity Bulls

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