THE GOAN NETWORK
CORTALIM
VPK Society posted a net profit of Rs 4.66 crore for FY 2014-15 at the company's 22nd Annual General Body Meeting held in Ponda recently.
The company announced a 7 percent dividend to its shareholders while its share capital went up to Rs 30 crore as compared to Rs 23.33 crore uring last year. VPK posted a stellar rise in deposits by Rs 129.13 crore, to Rs 607 crore from Rs 478 crore from last year.
The loans and advances stood at Rs 520 crore as on 31st March 2015. Other items such as budget approval for 2015-2016, approval of excess expenditure incurred that of budgetary provisions, writing off loan of chronic default cases, appointment of Statutory Auditor to conduct audit for 2015-2016 were also a part of the meeting's agencda. Earlier, Chairman Hiru Khedekar welcomed the shareholders and read out the agenda of the meeting, while Managing Director Ashok Gaude read out the minutes of the last Annual General Meeting
