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C Mahendra Expo
BSE: 533304NSE: CMAHENDRAISIN: INE378J01013

29th-Aug-2012 10:55Source: BSE

C Mahendra Expo - Board recommends Dividend

C Mahendra Exports Ltd has informed BSE the Board of Directors of the Company at its meeting held on August 28, 2012, inter alia, has considered the following:

1. The Board of Directors recommended 8% dividend on Equity Shares of Rs. 10 each and 6% dividend on 6% Redeemable Preference Shares of Rs. 10 each.

2. Re-appointment of M/s. Suresh Surana & Associates, Statutory Auditors of the Company subject to approval of members, to hold office from the conclusion of this Annual General Meeting, until the conclusion of the next Annual General Meeting.

3. Preferential Issue of convertible warrants u/s 81(1A) of the Companies Act, 1956 accordance with the existing SEBI guidelines, necessary approvals, consents, permissions and or sanctions of GOI and other statutory or regulatory authority, listing agreement with Stock Exchanges within the limit of authorize share capital of the Company combined to the following parties:

1. Gujarat Samachar
2. Danik Bhaskar
3. Jagran Group
4. Hindustan Times
5. Bright Outdoor Advertising.

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