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S&P
BSE SENSEX
72,117.17
-371.82
-0.51 %
Corporate Announcement
Security Code
536170
Company
Kushal Ltd
Exchange Disseminated Time
Board declares Fourth Interim Dividend |
04/11/18 19:31
Kushal Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 11, 2018 inter alia, has considered, discussed and approved the following matters :
1. Company has submitted Resolution Plan for Rainbow Papers Limited (in CIRP) which (if approved by Committee of Creditors duly formed under IBC, 2016) shall evolve a sizable outflow for settlement of dues to various stakeholders of RPL, fresh CAPEX, Working Capital requirements. While considering the dividend to be declared, the board took the note of the said probable cash outflows. Hence the Board decided to declare Fourth (4th) Interim Dividend on Equity Shares of the Company for Financial Year 2017-18 at the rate of 1 % (. 0.02) per fully paid up Equity Share of . 2.00 each.
2. Company shall start a new division in education segment to carry out activities of pre-school chain in the name and style of “HUGS ‘n’ CUDDLES” and “joyjumperz”.
3. Change in landmark being used in the Registered Address of the company, hence future correspondence address shall be :
‘KUSHAL HOUSE, PLOT NO. 115, OFF C.G ROAD, NAVRANGPURA, AHMEDABAD-380009’.
Note: There is no change in address of the company, only landmark has changed.
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