Talwalkars Better Value Fitness has informed that the Board of Directors of the Company at its meeting held on May 05, 2016, has discussed and decided on the recommended to the members, dividend at 15% of face value per share (Rs 1.50 per equity share of Rs 10), the dividend will be paid after the same is approved by the shareholders at the ensuing Annual General Meeting, Increase the borrowing limit of the Company to Rs 600 Crores, and approve the offer or invitation to subscribe to Non-Convertible Debentures, in one or more series or tranches, aggregating up to Rs 125 Crores, on private placement basis during the financial year 2016-17, and Conduct Postal Ballot pursuant to Section 110 and other applicable provisions of the Companies Act, 2013 and relevant rules made there-under and authorized Vinayak Gawande, Whole-time Director and Avanti Sankav, Company Secretary to supervise and control the entire Postal Ballot process.
The above information is a part of company’s filings submitted to BSE.
