Camphor & Allied AGM approves 15% dividend

Camphor & Allied Products Ltd has announced that the members at the 34th Annual General Meeting (AGM) of the Company held on September 09, 2006, inter alia, have approved the declaration of dividend @ Rs 1.50 per equity share of Rs 10/- each for the year ended March 31, 2006.

Authority to the Board for borrowing from time to time any sum or sums of monies which together with the monies, already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company’s bankers in the Ordinary course of business), at any time may exceed the aggregate of the paid capital of the Company and its free reserves, that is, reserves not set apart for any specific purpose, provided that the total amount so borrowed by the Board shall not at any time exceed the limit of Rs 6000 lacs and the Board of Directors be and is hereby authorised to execute such deeds, of debentures and other debenture trust deeds or mortgages, charges, hypothecation, lien, and other deeds and instruments or writings as they may think fit containing such conditions and covenants as the Directors may think fit, subject to provisions and approvals.

Authority to the Board for mortgages,, charges and hypothecation ,in addition to the existing mortgages, charges and hypothecation created by the Company, as, the Board of Directors may direct on such of the assets of the Company, both present and future, in such manner as the Board may direct, to or in favour of all or any of the financial Institutions/banks/any other investing agencies/Trustees for the holders of debentures/bonds/other instruments which may be issued to and subscribed by all or any of the financial institutions/banks other investing agencies or any other person(s)/bodies corporate by way of private placement or otherwise, to secure rupee/foreign currency loans, debentures, bonds or other instruments of an equivalent aggregate value not exceeding Rs 6000 lacs together with interest thereon at the respective agreed rate, compound interest, additional interest, liquidated damages, commitment charges, premia on re-payment, or on redemption, costs, charges, expenses and all other moneys payable by the Company to the aforesaid parties or any of them under the Agreements/arrangements entered into/to be entered into by the Company in respect of the said loans, debentures, bonds or other instruments, subject to provisions and approvals.

To Delist the Company’s Equity Shares from "The Delhi Stock Exchange Association Ltd" and "Vadodara Stock Exchange Ltd" as such time as the Board may in its discretion consider appropriate, subject to necessary provisions and approvals.

Source : Equity Bulls

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