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Outcome of Board Meeting

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Category  :  Corporate News
Date  :  Aug-25-2010 19:26

Panoramic Universal Ltd has informed that the Board of Directors of the Company at its meeting held on August 25, 2010, inter alia, has discussed and approved the following: 1. The Board recommended a dividend of Rs. 0.35/- per share (i.e. 7%) on 100,000,000 preference shares of Rs. 5/- each aggregating to Rs. 500,000,000/- for the year ended March 31, 2010. 2. The Board at its meeting held April 29, 2010 had recommended and paid an interim dividend @ Rs. 2.50/- per share on 12,957,500 equity shares of Rs. 5/- each for the financial year 2009-10. The Board approved and confirmed the said declaration and payment of dividend as Final Dividend on Equity Shares of the Company for the year ended March 31, 2010. 3. The Board has approved the insertion of new sub-clauses for providing Companys hotel properties on room night basis / time share basis etc. and also for carrying on travel business of e-commerce ticketing, on-line booking services and through portals services in the Other Objects clause of the Memorandum of Association of the Company subject to the approval of the members.

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