Result of Meeting

RNS Number : 9995M

REI Agro Limited

03 June 2010

 

 

 

 

May 26, 2010

 

 

The General Manager Department of Corporate Services Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

The Manager (Listing), National Stock Exchange of India Ltd. Exchange Plaza Bandra Kurla Complex, Bandra (E) Mumbai - 400 051

 

 

Dear Sir/Madam,

 

Sub: Outcome of the Board Meeting

 

We would like to inform that the Board of Directors of the Company in their meeting held on Wednesday, May 26, 2010 at the Corporate Office of the Company has:

 

1. Approved and taken on record the Audited financial results for the financial year ended 31st March, 2010.

 

2. Approved 8th June, 2010 as the record date to determine eligibility of the Equity Shareholders who are eligible to apply for the Equity Shares under the proposed right issue of the Company.

 

3. Decided that Company will offer 2 (Two) Rights Equity Shares of face value of Re. 1/- each for 1 (One) Equity Share to the eligible Shareholders as on the record date at a price of 19.50 per equity share including premium of Rs. 18.50 per Share.

 

4. Recommended a final dividend of Rs. 0.20 per Equity Share (i.e. 20%) of Re. 1/- each for the financial year ended March 31, 2010, subject to approval of the members of the Company in Annual General Meeting.

 

5. Recommended dividend of Rs. 4/- each (.i.e. 4%) on the preference Shares having face value of Rs. 100 each.

This is for your kind information and record.

 

Thanking you,

Yours faithfully,

 

For REI Agro Limited

 

 

 

Company Secretary

CC- London Stock Exchange

Singapore Stock Exchange

 

 

 

 

 

 

 

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