Alchemist Board recommends final dividend
Alchemist Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2007, inter alia, have transacted the following:
1. The Board has recommended final dividend for the year 2006-2007 @ 25 % i.e. Rs 2.50 per equity share of face value of Rs 10/- each.
2. Recommended to the 18th Annual General Meeting:-
a. Re-appointment of Mr. Ravinder Singh and Mr. Asoke Kumar Chatterjee, as Directors retiring by rotation.
b. Re-appointment of M/s. N Kumar Chhabra & Co., Chartered Accountants, as statutory auditors for the financial year 2007-2008.
c. Increase in borrowing powers of the Board of Directors.
Further the Company has informed that, the 18th Annual General Meeting of the Company will be held on December 27, 2007.
1. The Board has recommended final dividend for the year 2006-2007 @ 25 % i.e. Rs 2.50 per equity share of face value of Rs 10/- each.
2. Recommended to the 18th Annual General Meeting:-
a. Re-appointment of Mr. Ravinder Singh and Mr. Asoke Kumar Chatterjee, as Directors retiring by rotation.
b. Re-appointment of M/s. N Kumar Chhabra & Co., Chartered Accountants, as statutory auditors for the financial year 2007-2008.
c. Increase in borrowing powers of the Board of Directors.
Further the Company has informed that, the 18th Annual General Meeting of the Company will be held on December 27, 2007.
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