Himadri Chemicals AGM approves Rs.1 dividend

Himadri Chemicals & Industries Ltd has announced that the members at the 18th Annual General Meeting (AGM) of the Company held on September 18, 2006, inter alia, have approved the declaration of dividend at the rate of Rs 1/- per share to the equity shareholders of the Company for the year ended March 31, 2006.

Authority to the Board for Mortgaging, Hypothecating, Charging, and Pledging and/ or creating a Floating Charge and / or also to create lien, charges and all other encumbrances of whatsoever nature, on all or any of the Company’s assets and properties whether immovable, movable, current assets or stock-in-trade, where so ever situate, both present and fixture, in such form and in such manner as the Board may think fit and proper, in favour of any Financial Institutions/ Banks/ Bodies Corporate / other agencies / and /or person or persons for securing any financial facilities / working capital/term loans etc, up to an aggregate amount not exceeding Rs 1000 Crore only, together with interest thereon at the respective agreed rates, compound interest, additional interest, liquidated damages, commitment charges, premia on pre-payment or on redemption, costs, charges, expenses and all other monies 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/ working capital facilities as the case may be, subject to necessary provisions & approvals.

Source : Equity Bulls

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