Birla Corporation Ltd - 500335 - Outcome of Board Meeting
1.Recommended Dividend of Rs.7.50 per share (i.e.75%) on 7,70,05,347 ordinary shares for the Financial Year 2018-19, which shall be paid within 10 (ten) days from the date of approval by the shareholders in the Annual General Meeting of the Company. 2.Approved continuation of Directorship of Smt. Shailaja Chandra (DIN: 03320688), who will attain the age of 75 years in June, 2019, as a Non Executive Independent Director of the Company till the expiry of her existing term i.e. up to 4th February, 2020, subject to approval of the shareholders through Postal Ballot. 3.Recommended the re-appointment of Smt. Shailaja Chandra (DIN: 03320688) as the Independent Director of the Company for a second term of 5 (five) consecutive years w.e.f. 5th February, 2020 subject to approval of the shareholders at the ensuing Annual General Meeting of the Company by passing Special Resolution as per Section 149(10) read with Schedule IV of the Companies Act, 2013. 4.Approved issue of Secured/Unsecured Redeemable Non-Convertible Debentures (including Bonds) aggregating upto Rs.150 crores (Rupees one hundred fifty crores only) on private placement basis in one or more tranches, within the overall borrowing limits of the Company, as approved by the members, from time to time, within a period of one year.03-05-2019