Others

Board recommends Dividend

| Updated on August 18, 2011 Published on August 18, 2011

Camphor & Allied Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 05, 2011, inter alia, has transacted the following;

1. Recommended for payment of 15% (i.e. Rs. 1.5 per Equity Shares) dividend to Equity Shares of Company;

2. Approval for appointment of Mr. Prakash Mehta as additional Director in the Company with effect from August 05, 2011;

3. Approval for creation of Mortgage/ Hypothecation on of all immovable and movable properties of the Company, present and future, situated at the Companys manufacturing plant at plot no. 3 GIDC Industrial Estate, Nandesari- 391340;

4. Considered and approved increase of remuneration of Mr. Dharmil A. Bodani, Managing Director of Company & Mr. Devendra Singh Raghava, Executive Director-Operation of Company subject to approval in ensuing Annual General Meeting;

Source : BSE - www.bseindia.com

Published on August 18, 2011
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