Alembic recommends dividend of 50%, split shares to Rs.2

Alembic Ltd has announced that the members at the 99th Annual General Meeting (AGM) of the Company held on August 30, 2006, inter alia, have accorded to the following:

1. Adoption of Audited Balance Sheet and Profit & Loss Account for the year ended on March 31, 2006 and the reports of the Directors and Auditors thereon.

2. Declaration of dividend on equity shares @ 50% (Rs 5/- per share).

3. Re-appointment of Mr R M Kapadia and Dr B R Patel as Directors of the Company, liable to retire by rotation.

4. Appointment of M/s K S Aiyar & Co., Chartered Accountants as Auditors of the Company.

5. Alteration of Article No 136 of Articles of Association of the Company.

6. Split the face value of the equity shares of the Company from Rs 10/- per share to Rs 2/- per share.

Source : Equity Bulls

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