Marg Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has transacted the following:
1. Recommended Dividend of Rs 2/- per equity share of face value 10/- each, subject to approval by Members at the forthcoming Annual General Meeting.
2. Noted the financial closure of Karaikal Port Pvt. Ltd, a wholly owned subsidiary of the Company for its Phase 2A, with a consortium funding to the tune of Rs 1095 Crores.
3. Noted the Letter of Intent for Rs 49.93 crores received for Quarrying and Transportation of Armour Stones for Construction of Breakwaters at L&T Shipyard cum Minor Port Project at Kattupalli, Tamil Nadu.
4. Accepted resignation of Mr. P M Shivaraman, Director.
| NIFTY 
