Aegis Logistics AGM approves 25% dividend, increases borrowing power

Aegis Logistics Ltd has announced that the members at the 49th Annual General Meeting (AGM) of the Company held on September 21, 2006, inter alia, have approved the declaration of dividend at the rate of Rs 2.50 per Equity Share of Rs 10/- each on Equity Shares for the year ended March 31, 2006.

Authority to the Board for borrowing any sum or sums of moneys from time to time notwithstanding that the money or moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) may exceed the aggregate of the paid-up capital of the Company and its free reserves, that is, reserves not set apart for any specific purposes, provided however, that the total amount so borrowed shall not exceed Rs 200 crores.

Source : Equity Bulls

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