2 Company Board Meets For Special Dividend, Preferential Equity Issue

Company board meets are a crucial event which are convened to discuss on various agendas such as for approval of results, dividend, bonus issue etc. There are various rules laid down with respect to company board meets such as under companies Act section 173(1) which says that "Every company shall hold the first meeting of the Board of Directors within thirty days from the date of company incorporation and thereafter hold board meetings in such a manner that not more than 120 days shall intervene between two consecutive meetings and should be a minimum number of four meetings every year.

2 Company Board Meets For Special Dividend, Preferential Equity Issue

And as these board meets are important for investors, here we discuss 2 such board meets that are due to be held this week:

1. INEOS Styro:

This is a petrochemicals small cap company that is into production of polystyrene for a range of industries including household and electronics.

On 8th October the company via an exchange filing informed of the board meeting to be convened on October 13, 2021 to consider and approve a special interim dividend.

The special interim dividend, if declared, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, October 22, 2021, which is the Record Date fixed for the purpose.

For this special dividend, the stock shall turn ex-dividend on October 21, 2021. Earlier for the FY 2021, the company announced final dividend of Rs. 10 per share.

The stock last traded at a price of Rs. 1528.75 per share on the NSE.

2. Maitri:

The company on Ocotber 7, 2021 intimated on the board meeting to be held on 13/10/2021 ,inter alia, to consider and approve

1. Issue of Equity shares to Promoters on the preferential basis, pursuant to SEBI (Issue of Capital & Disclosures Requirement) Regulations, 2018, subject to necessary approvals.

2. To call shareholder Meeting of the company and fix the day, date, time of the meeting.

3. Any other item with the permission of the Chair and Majority of Directors.

The Meeting shall be organized at company's registered office in Ahmedabad.

Maitri Enterprises is again asmall cap scrip which was formerly referred as Parth Aluminium limited.

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