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

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...

Mixed trend in spot rubber

Mixed trend in spot rubber Description  :  Industry Date  :  Aug-17-2010 The spot rubber yesterday witnessed a mixed trend. Due to the lack of large buying commitments by most of the traders, the market lost its direction in leading grades. The sheet rubber closed unchanged at Rs 184 a kg amidst scattered transactions. Meanwhile, due to the short supply, the latex 60 per cent recovered. The Board's rate remained firm at Rs 183 a kg for RSS 4. The domestic rubber futures of September series surged to touch a high of Rs 177.28 and low of Rs 174.40 a kg for RSS 4. In the international market, RSS 3 fell due to the strengthening of yen against the dollar and on concern that demand for the commodity used to make auto tyres may weaken. On National Multi Commodity Exchange (NMCE), the September series surged to Rs 176.41 (173.55) followed by October to Rs 169.20 (164.63) and November to Rs 166.50 (161.51) while the December series closed its debut trading at Rs 167 ...