Bemco Hydraulics Ltd : Outcome of Board Meeting

Bemco Hydraulics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2011, inter alia, has recommended 11% dividend on 52,732 Redeemable Preference Share amounting to Rs. 5,80,052/-

Further, the Board the forthcoming 53rd Annual General Meeting on July 29, 2011, at 3.30 PM. at the Registered Office of the Company to transact the following business on agenda namely:

- Ordinary business:

1. To receive and approve the audited Annual Accounts for the year ended March 31, 2011.

2. To approve the dividend on preference shares.

3. To reappoint Shri R. M. Shah as Director who retires by rotation.

4. To reappoint Shri. Dilip Chandak as Director who retires by rotation.

5. To reappoint the auditors.

- Special business:

1. To increase in the Authorised Share Capital of the Company from Rs. 4.00 Crores to Rs. 8.00 Crores.

2. Subject to passing of special resolution in forthcoming AGM, authorizing Increase in authorized share capital and subject further to the passing of special resolution U/s 81 (1A) of the Companies Act, 1956 to issue Cumulative Redeemable Non-Convertible Preference Share of Rs. 100/- each not exceeding Rs. 3.00 Crores exclusively to promoters or such other person(s) / Companies as the board of Directors may deem fit on private placement basis.

- 3. To reappoint practicing Company secretary.