The members at the 51st annual general meeting (AGM) of Fedders Lloyd Corporation held on Dec. 29, 2007, approved declaration of 10% dividend on the paid-up equity share capital of the company, for the year 2006-2007.
The board also approved the adoption of the balance sheet as at Jun. 30, 2007 and the profit and loss account for the year ended on Jun. 30, 2007 together with the reports of the auditors and directors thereon.
Shares of the company declined Rs 0.65, or 0.48%, to settle at Rs 134.85. The total volume of shares traded was 51,969 at the BSE. (Friday)
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