Compact Disc India Ltd, an integrated Media and Entertainment Company announced few remarkable developments in the Board of Directors Meeting held today.
The company has announced to create Share Holders Welfare Fund with initial capital of Rs. 50 Lakh for granting interest free loan to those members of the company, who have been continuously holding its shares at least for the past 10 years, to meet their personal, medical and educational needs.
The company has once again maintained its promise to strengthen and serve their loyal shareholders who have been with the company from the last 10 years in all endeavors. The Company has also decided to declare 10 per cent dividend for all their shareholders for the financial year 2007-08.