Press release
At 8th AGM, Bright Solar Limited announces its dividend for the financial year 2017-18
The Directors and the Company Secretary will deposit the dividend amount within 5 days from the date of declaration to a Dividend account opened with ICICI Bank, Ahmedabad for that purpose and shall comply with any other legal requirement in this regard including taking all necessary steps to ensure remittance of the dividend amount to the shareholders after complying with applicable Dividend Distribution Tax provisions, if any.
Amongst other developments at the AGM, the audited financial statements of the company, along with the reports of the Board of Directors and Auditors, have been approved by the members of the company. Furthermore, Mr. Dwarkadas Babubhai Thumar has been reappointed as the Whole-time Director, and Mrs. Jagrutiben Joshi has been appointed as a Non-Executive Director of the company after having served as an Additional Director of the company previously.
The shareholders voted to increase the borrowing limit of the company to Rs. 100 crores under Section 180 (1) (C) of Companies Act, 2013. They have also given their consent to the company for material related party transaction party in ordinary course of business for a consideration up to Rs. 5 crore for the financial year 2018-19.
Bright Solar is at the crest of the innovative wave in solar-powered water pumping mechanisms. Since it’s inception in the year 2010, Bright Solar (CIN: L51109GJ2010PLC060377) has been a front-runner in developing, manufacturing and selling high-quality products that run on the clean and cost-friendly solar energy.
Bright Solar Limited
C-1103,
Titanium Square,
Thaltej Circle,
S.G.Highway,Ahmedabad Gujarat India
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