Orbit Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2011, inter alia, has considered and approved the following :
1. Recommended dividend subject to the shareholders approval in the AGM.
a) 10% Dividend on Preference share of Rs 10/- each.
b) 10% Dividend on Equity Share of Rs 10/- each.
2. Redemption of 1,60,000 Preference shares of Rs 10/- each.
3. Appointment of Mr. S. C. Gupta as an Additional Director of the Company with immediate effect.
Sensex
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Tuesday, May 24, 2011
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