Raipur Alloys AGM approves Rs.2 dividend, increases authorise capital to Rs.35 Crores

Raipur Alloys & Steel Ltd has announced that the members at the 33rd Annual General Meeting (AGM) of the Company held on September 30, 2006, inter alia, have approved the payment of dividend @ Rs 2.00 per share for the year ended March 31, 2006.

Increase in the Authorised Share Capital of the Company from Rs 15,00,00,000/- divided into 1,50,00,000 Equity shares of Rs 10/- each to Rs 35,00,00,000/- divided into 3,50,00,000 Equity Shares of Rs 10/- each and consequential amendments in the Memorandum and Articles of Association of the Company.

Source : Equity Bulls

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