Corporate News     12-Mar-07
Automotive Axles' members approve final dividend of Rs 7.5 per share
Raises borrowing limits to Rs 120 crore
Automotive Axles’ members, at the annual general meeting (AGM) held on 12 January 2007, adopted the balance sheet and profit and loss account for the year ended together with the directors and auditors report.

Accordingly, the members approved final dividend of Rs 7.5 per share for the year ended on 30 September 2006.

Further, the members authorised the board to borrow up to Rs 120 crore.

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