Hindustan Hardy declares 30% dividend

Hindustan Hardy Spicer Ltd has announced that the members at the 24th Annual General Meeting (AGM) of the Company held on August 28, 2006, inter alia, have transacted the following:

1. Adoption of the Balance Sheet as at March 31, 2006 & the Profit & Loss Account for the year ended on that date together with the Auditors and Directors Reports.

2. The dividend @ 30% was declared on 15,00,000 Equity Shares of Rs 10/- each for the financial year ended March 31, 2006.

3. Mr. Shiamak Marshall, Director of the Company who retired by rotation was re-appointed.

4. J L Bhatt & Co., Chartered Accountants, were appointed as the auditors of the Company in place of M/s. S B Billimoria & Co.

5. Mr. Phillip Rotman II was appointed as director of the Company.

Source : Equity Bulls

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