Phoenix Lamps Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 31, 2014, inter alia, has decided the following:<br/><br/>1. Declared interim dividend at the rate of Rs. 5/- per equity share of face value Rs. 10/- each fully paid-up for the financial year 2013-2014.<br/><br/>2. Approved redemption of 7,66,000, Redeemable Preference shares of Rs. 100/- each amounting to Rs. 7,66,00,000 (Rupees Seven crores Sixty Six lacs only).<br/><br/>3. To obtain the shareholder approval towards appointment and remuneration of Mr. Pranay D. Gandhi, Managing Director of the Company by way of postal ballot.
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