Shareholder approve a dividend of 17.5% at the AGM
India, Republic of (Press Release) August 28, 2007 --
IFGL Refractories Limited, a flagship company of S K Bajoria Group engaged in the manufacture of Specialised Refractories for iron and steel industry, plans to raise resources for its growth programme. The demand for the company’s products has been on the rise and therefore the company plans to strengthen and expand its production base as well as its marketing and distribution network both in domestic and international markets. The growth will be either through brown field expansion or new acquisitions.
The company is chalking out details of the financial requirements and pending these, an enabling resolution to raise resources by borrowing or by issuance of securities has been passed at the Annual General Meeting of the company .
At the said meeting the shareholders also approved payment of 17.5% dividend on equity shares for financial year 2006-07. This is the fifth consecutive year that the company has paid dividend.
IFGL Refractories Limited, a flagship company of S K Bajoria Group engaged in the manufacture of Specialised Refractories for iron and steel industry, plans to raise resources for its growth programme. The demand for the company’s products has been on the rise and therefore the company plans to strengthen and expand its production base as well as its marketing and distribution network both in domestic and international markets. The growth will be either through brown field expansion or new acquisitions.
The company is chalking out details of the financial requirements and pending these, an enabling resolution to raise resources by borrowing or by issuance of securities has been passed at the Annual General Meeting of the company .
At the said meeting the shareholders also approved payment of 17.5% dividend on equity shares for financial year 2006-07. This is the fifth consecutive year that the company has paid dividend.
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