Held on 18 May 2016
Indo Rama Synthetics (India) announced that the Board of Directors of the Company at its meeting held on 18 May 2016, inter alia, has taken the following decisions:1. The Board has recommended dividend of Re. 1/- per share (10%) on equity shares for the financial year 2015-16, subject to the approval of the shareholders.
2. The Board has approved issuance of unsecured Non-Convertible Debentures to its Wholly Owned Subsidiary, Indo Rama Renewables, upto Rs. 50 crore on Private Placement.
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