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Outcome of board meeting of Waterbase

Waterbase announced that the Board of Directors of the Company at its meeting held on 21 May 2015, inter alia, had considered and approved the following :

1. Final Dividend of Re.0.50 per share. Payment of the final dividend is subject to the approval of Shareholders at the forthcoming Annual General Meeting of the Company. On approval by the shareholders the total dividend for the year 2014-15 will be Rs. 1.50/ share inclusive of the interim dividend paid during the year.

2. In-principle approval for merger of Pinnae Feeds with the Company under a Scheme of Amalgamation to be formulated which shall be subject to all requisite approvals.

3. Setting up of Hatcheries as part of diversification plan.

Further, the Corporate Office of the Company has been moved to No. 37, Thapar House, Montieth Road, Egmore, Chennai- 08.

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