Held on 06 August 2016
Hatsun Agro Product announced that the Board of Directors of the Company at its meeting held on 06 August inter alia, has :1. Declared Interim Dividend of Re. 1.00/- (100%) per equity share (face value of Re. 1 per share) for the financial year 2016-17.
2. Approved as part of expansion plans of the Company, increasing the borrowing limits from Rs.700 crore to Rs.1200 crore subject to approval of the shareholders through postal ballot. The Board has also authorized S Narayan, Company Secretary to take all necessary steps in relation to the Postal Ballot.
3. The Board has appointed S.Dhanapal, Senior Partner of M/s.S.Dhanapal & Associates, Practicing Company Secretaries, Chennai as Scrutinizer for the conduct of the Postal Ballot voting process in a fair and transparent manner.
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