Provogue (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2011, inter alia, has transacted the following:
1. The Board recommended a dividend of Rs. 0.25 per equity share (Face value of Rs. 2/- each) (i.e. 12.50%) subject to the approval of members at the ensuing Annual General Meeting.
2. Mr. Shahid Balwa, one of the Independent Directors of the Company has not seeked Leave of Absence from the Board, for the last 3 meetings of the Board of Directors held during the last 4 months. Hence, as per section 283 of the Companies Act, 1956 and Article 187 of the Articles of Association of the Company, he is deemed to have been vacated his office as a Director of the Company and as member of all committees thereof, w.e.f. May 30, 2011. The Board noted the same.
Sensex
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Monday, May 30, 2011
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