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Talwalkars Better Value Fitness Ltd - Board recommends Dividend
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05 May 2016
Talwalkars Better Value Fitness Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 05, 2016, inter alia, has discussed and decided on the following:&lt;BR&gt;&lt;BR&gt;1. Recommended to the members, dividend @ 15% of face value per share (Rs. 1.50/- per equity share of Rs. 10/-), the dividend will be paid after the same is approved by the shareholders at the ensuing Annual General Meeting.&lt;BR&gt;&lt;BR&gt;2. Increase the borrowing limit of the Company to Rs. 600 Crores.&lt;BR&gt;&lt;BR&gt;3. Approve the offer or invitation to subscribe to Non-Convertible Debentures, in one or more series or tranches, aggregating up to Rs. 125 Crores, on private placement basis during the financial year 2016-17.&lt;BR&gt;&lt;BR&gt;4. Conduct Postal Ballot pursuant to Section 110 and other applicable provisions of the Companies Act, 2013 and relevant rules made there-under and authorized Mr. Vinayak Gawande, Whole-time Director and Ms. Avanti Sankav, Company Secretary to supervise and control the entire Postal Ballot process.
View all announcements for Talwalkars Better Value Fitness Ltd Source: BSE India