Geojit Financial Board approves stock split, declares 22.5% dividend

Geojit Financial Services Ltd has announced that the shareholders at the Annual General Meeting of the Company held on August 31, 2006, inter alia, has transacted the following:

1. Declared a final dividend of 22.50%.

2. Re-appointed Mr R Bupathy as a Director of the Company, liable to retire by rotation.

3. Passed two special resolutions amending ESOP 2005 Scheme relating to removal of lock-in period.

4. Approved special resolutions for sub-division of the existing one Equity Share of Rs l0 into ten Equity Shares of Re 1 each, to be effected as on a Record Date to be determined by the Board.

Source : Equity Bulls

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