| RTS Power Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 30, 2010, inter alia, has decided the following:
1. The Board has recommended payment of Dividend for the Financial Year 2009-2010 @ 5% or Re. 0.50 per Equity Share of Rs. 10/- each fully paid up.
2. The Board has proposed, subject to the approval of the Members in the Annual General Meeting and such other approval as may be required, Preferential Allotment of 6,00,000 Nos. of Equity Shares of Rs. 10/- each to Promoters and Independent Investors, at a price not lower than Rs. 58/- per Equity Share, in compliance with "Guidelines For Preferential Issues' issued by SEBI under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. The "Relevant Date" for the purpose of this Issue has been fixed as August 30, 2010, which is 30 days prior to the date of the Annual General Meeting. | | Source : BSE |
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