Don’t miss the latest developments in business and finance.

Outcome of board meeting of Kridhan Infra

Image
Capital Market
Last Updated : May 30 2015 | 1:01 PM IST

Held on 29 May 2015

Kridhan Infra announced that the Board of Directors of the Company at its meeting held on 29 May 2015, inter alia, has transacted the following:

1. The Board recommended final dividend @ 10% i.e. 0.20 paise per share subject to approval of shareholders.

2. The Company converted 50,000 warrants (Post subdivision 2,50,000 warrants of Rs. 2/- each) into 2,50,000 Equity shares of Rs. 2/- each to a non-promoter entity on 29 May 2015.

3. The Company recommends re-appointment of Anil Agrawal, Managing Director of the Company, for a further period of 3 (three) years, whose term expires in August, 2015.

4. The Company has changed its Registered Office to A/13, Cross Road No. 5, Kondivita Road, Marol, M.I.D.C., Andheri (East) w.e.f. 01 June 2015.

Powered by Capital Market - Live News

More From This Section

First Published: May 30 2015 | 11:55 AM IST

Next Story