Metal Coatings India has informed that the board of directors of the company at its meeting held on August 22, 2012, has declared dividend of 10% subject to approval of the members at the forthcoming annual general meeting of the company.
Further, subject to the approval of members and appropriate authorities, the board has decided to issue & allot 23,00,000 convertible warrants to promoters and non promoters on preferential allotment basis pursuant to Section 81 (1A) of the Companies Act, 1956 and as per the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 issued by Securities and Exchange Board of India.
The above information is a part of company's filings submitted to BSE.
