Shree Renuka Sugars Board recommends 20% dividend, to increase authorised capital

Shree Renuka Sugars Ltd has announced that the Board of Directors of the Company at its meeting held on November 13, 2006 has approved the following:

1. Recommended a final dividend of 20% (i.e. Rs 2 per share) on the equity shares of the Company for the year ended September 30, 2006.

. To amend Capital Clause of the Memorandum of Association by Increasing Authorised Capital from Rs 40,00,00,000 to 105,00,00,000 by creation of 6,50,00,000 Preferential Shares of Rs 10/- each.

Source : Equity Bulls

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