Phoenix Lamps Limited - Board recommend Special Dividend and Final Dividend
| < Back | |
| 27 May 2014 | |
| Phoenix Lamps Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2014, inter alia, has considered the followings:<br/><br/>1. Declaration of Special Dividend<br/><br/>- Recommended One Time Special Dividend at the rate of Rs. 10/- per equity share of face value Rs. 10/- each fully paid-up for the financial year 2013-2014.<br/><br/>2. Declaration of Final Dividend<br/><br/>- Recommended Final Dividend at the rate of Re. 1/- per equity share of face value Rs. 10/- each fully paid-up for the financial year 2013-2014.<br/><br/>3. Redemption of Redeemable Preference shares ('RPS')<br/><br/>- Approved redemption of 5,50,000 Redeemable Preference shares of Rs. 100/- each amounting to Rs. 5,50,00,000 (Rupees Five crores Fifty lacs only) held with Phoenix Electric Co. Ltd. Japan, subject to statutory approvals, as may be required.<br/><br/>4. Dispatch of Dividend<br/><br/>- The date of payment/dispatch of dividend shall be August 07, 2014, subject to approval by the shareholders in the ensuing Annual General Meeting.<br/><br/>5. Appointment of Chief Financial Officer<br/><br/>- Mr. Gagandeep Singh is appointed as Chief Financial Officer of the Company with immediate effect.<br/><br/>6. Intimation of fixation of cut-off date to record the entitlement of the shareholders to cast their vote electronically or otherwise at 23rd Annual General Meeting.<br/><br/>- In terms of section 108 of the Companies Act 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, the Company has fixed June 20, 2014, as cut-off date to record the entitlement of the shareholders to cast their vote electronically at the Annual General Meeting (AGM) by electronic means. Consequently, the same cut-off date of June 20, 2014, would record entitlement of the shareholders, who do not cast their vote electronically, to cast their vote on July 21, 2014, at Annual General Meeting of the Company.<br/><br/>The Company would be availing the e-voting Services of Central Depository Services (India) Limited. | |
| View all announcements for Phoenix Lamps Limited | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback