Dewan Housing Finance Corporation has informed that the Board of Directors of the Company at its meeting held October 17, 2016, approved on the basis of recommendation of the Audit Committee, the Board of Directors of the Company declared an Interim Dividend for the financial year 2016-17, of Re 1 per share i.e. at the rate of 10% on the equity shares of Rs 10 each, Pursuant to the authority entrusted upon the Board of Directors and within the limits as approved by the Members of the Company vide Special Resolution passed at the 32nd Annual General Meeting held on 20th July, 2016, the Board of Directors approved the issuance of Non-Convertible Secured/Unsecured Debentures (NCDs) up to an amount of Rs 5,000 crore and Non-Convertible Subordinated Unsecured Debentures up to an amount of Rs 1,000 crore, on private placement basis, pursuant to the provisions of Sections 42 and 71 of the Companies Act, 2013, for the quarter and till the date of next Board Meeting, appointed Jayshree Dagli & Associates, Practising Company Secretaries, Mumbai as Secretarial Auditors of the Company for the financial year 2016-17, and approved the Company’s Dividend Distribution Policy, in terms of Regulation 43A, of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the said policy shall also be uploaded on the Company’s website.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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