Hisar Metal AGM approves Rs.1 dividend

Hisar Metal Industries Ltd has announced that the members at the 16th Annual General Meeting (AGM) of the Company held on September 25, 2006, inter alia, have approved the declaration of dividend of Rupees 1.00 per equity share for the financial year 2005-06.

Authority to Board to borrow moneys 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) exceeding the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, from directors, shareholders, firms, Financial Institutions, Companies financial, public or private sectors concerns, banks etc. with or without security on Companies’ assets by way of mortgage.

Source : Equity Bulls

Keywords