Allcargo Logistics - Board declares Interim Dividend & Bonus Shares

Posted By: Religare
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Allcargo Logistics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 05, 2015, inter alia, has consider and approved the following:

1. Payment of Interim Dividend of Re.1 per equity share of Rs.2 each fully paid up (i.e. 50%) for the Financial Year 2015-16 aggregating to Rs.1,260.48 lacs (excluding dividend distribution tax thereof). The interim dividend will be paid / dispatched to all equity shareholders of the Company whose names are registered as shareholders of the Company as on the record date, on or before December 5, 2015.

2. Subject to necessary approval of the Shareholders of the Company and other applicable statutory and regulatory approvals, if any, issue of one equity share of Rs.2 each fully paid as bonus share for every equity share of Rs.2 each fully paid held in the Company and increase of Authorized Share Capital and consequential alteration of Memorandum of Association of the Company.

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