Gulf Oil Corporation Ltd has informed BSE that the members at the 48th Annual General Meeting (AGM) of the Company held on July 31, 2009, inter alia, have approved the following:
1. Payment of Dividend @ Rs 1.70 per share.
2. Appointment of Mr. Prakash Shah as Director of the Company.
3. Raising of US$ 100 million by way of issue of GDR / ADR / FCCB or otherwise (as was passed by the shareholders last year).
4. Raising of capital by issue of further shares on rights basis and allotment of upto 2,47,86,245 Equity Shares of Rs 2/- each at a premium of Rs 30/- per Equity Share.
| NIFTY 
