Skip to main content

Outcome of Board Meeting

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.

Comments

Popular posts from this blog

The fantastic

Beat them up

Fixed Assets Management

Fixed Assets Management - Capital Budgeting Decisions Fixed assets are like the properties, infrastructure facilities that are required by the business operations to complete successfully. A finance executive has to evaluate and decide on which fixed assets the company should invest so that company can perform all its current and proposed future functions. There are various techniques that are available and that can be used by the finance department to evaluate various proposals for the investments like - pay back period, Net Present Value, internal rate of interest, profitability index. Once the economic value of those fixed assets gets over than a proper depreciation policy should also be formulated.      

Significance of Managerial Economics

As per Prof. Baumol - The three main contributions of economic theory to business economics are - Building analytical models which help in recognising the structure of managerial problems and eliminating the minor details which might hamper decision making and distracts from the main issue. ME can develop tools that may not directly apply to the issue but may enhance the abilities of Business analyst so that he can analyse the issue in much detail and provide a efficient solution. ME provides clarity in various concepts in the business analysis that enables managers to avoid conceptual pitfalls. Decision making in today's business involve a great amount of risk and uncertainty due to uncertain market forces like - policies, demand & supply, changing business environment, political changes etc. This uncertainty and risk in decision making can be greatly reduced if the business conditions and environment in which a business operates can...