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Metroglobal board recommends dividend
Date: 10-08-2012Metroglobal has informed that the board of directors of the company at its meeting held on August 09, 2012, recommended Rs. 2 per share (Tax free) equity dividend for the financial year 2011-12 on 1,26,13,042 equity shares and considered the conversion of 33,06,660 convertible unsecured debentures in to equity shares on preferential basis to promoter.
Further, the board approved postal ballot notice authorizing company to give loan, guarantee in excess of limits specified under section 372A of the Companies Act, 1956.
The above information is a part of company's filings submitted to BSE.