Held on 29 January 2016
NCL Industries announced that the Board of Directors of the Company at its meeting held on 29 January 2016, inter alia, has transacted the following:1. The Board declared an interim dividend of 10% amounting to Rs. 1/- per Equity Share (Face value of Rs. 10/- each) on a capital base of Rs. 3673.28 Lakhs for the financial year 2015-16.
2. The Board approved the proposal to enhance the present limit of borrowing by issue of Secured Non Convertible Redeemable Debentures (NCDs) from Rs. 320 crore to Rs. 325 crore on a private placement basis to be deployed for the following:
i) Repayment of dues for the existing Term Lenders.
ii) To finance augmentation of the capacity of Cement & Boards Divisions.
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