Nelco Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 22, 2010 inter alia, has taken the following decisions:
1. Recommended dividend of Rs. 2/- per share (including Re.1/- as dividend) on the equity shares of Rs. 10/- each for the year ended September 30, 2010 subject to the approval of the members at the 68th AGM.
2. The Company proposes to obtain consent of the Members by means of a Postal Ballot for shifting of Registered Office of the Company from Francysters Cybernetics Center, Eucharistic Congress Building no. III, 5, Convent Street, Colaba, Mumbai - 400 001 to MIDC, Plot no. EL 6, TTC Industrial Area, Electronics Zone, Navi Mumbai - 400 710.
3. Amendment in the Articles of Association as regards the provision relating to the affixing common seal. | | Source : BSE |
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