JVL Agro declares dividend; stock up 3%

The members of the company have also approved to increase the borrowing powers of the Board to Rs.3500 crore

Sep 22, 2014 03:09 IST India Infoline News Service

JVL Agro in its 25th Annual General Meeting held on 22 September, 2014, declared dividend @ Rs. 0.20 per share on equity shares having face value of Rs.1/- each for the year ended March 31, 2014.
 
The members of the company have also given their approval to increase the borrowing powers of the Board to Rs.3500 crore over and above the paid-up capital & free reserves of the Company.
 
The hypothecation and mortgage of the moveable & immoveable properties of the Company to secure term loan/credit facilities and /or financial assistance of any manner upto Rs.3,500/- crores in aggregate lent and/or to be lent by banks and/or financial institutions to the Company.  

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