Allcargo Global Logistics Ltd has informed that the Board of Directors of the Company at its meeting held on June 26, 2008, inter alia, has considered and approved the following:
1. The issue and allotment of 2,103,080 equity shares of Rs 10 each fully paid of the Company to the members of Transindia Freight Services Pvt. Ltd in accordance with the Scheme of Arrangement.
2. Recommendation of final dividend @ 30% (Rs 3/- per equity share of Rs 10/- each), subject to approval of the members at the 15th Annual General Meeting.
3. Convening of the 15th Annual General Meeting of the Members of the Company on August 12, 2008.
4. Deferred the decision on sub-division (split) of nominal value of equity shares of Rs 10 each.
5. The capitalization of the joint venture Company to pursue marine infrastructure projects.
Friday, June 27, 2008
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