KLG Systel Board declares interim dividend

KLG Systel Ltd has announced that the Board of Directors of the Company at its meeting held on March 12, 2007 has transacted the following business:

1. Declared an Interim Dividend of 25% i.e. Rs 2.5 per shares to be paid to equity shareholders as on record date i.e. March 23, 2007.

2. Resolved to issue upto 12,50,000 warrants convertible into equity shares, to strategic investors of the Company on preferential basis in accordance with the provisions of Chapter XIII on preferential issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 in this behalf subject to approval of shareholders of the Company by Special resolution in the Extra Ordinary General Meeting.

3. Resolved to change the registered office of the Company to Plot No. 70A, Sector-34, EHTP, Gurgaon (Haryana).

Source : Equity Bulls

Keywords