Financial Daily from THE HINDU group of publications
Tuesday, May 25, 2004
Financial Daily from THE HINDU group of publications Tuesday, May 25, 2004 |
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Corporate
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People Top-level rejig at SRF; to pay 25 pc Our Bureau
Mr Arun Bharat Ram
New Delhi , May 24 IN a top-level rejig at the Rs 935-crore SRF Limited, Mr Arun Bharat Ram, who was Vice-Chairman and Senior Managing Director, has now been elevated to the position of Chairman and Managing Director of the company. Mr Arun Bharat Ram has replaced Dr Bharat Ram, who has now been designated as Chairman-Emeritus of the company. SRF Limited has informed the National Stock Exchange that Dr Bharat Ram would continue as a director of the company. The Board of Directors of the company has also co-opted Dr Omkar Goswami as an additional director of the company. At their meeting held on Friday, the Board of Directors have recommended a dividend of 25 per cent on the equity shares of the company for the year 2003-04. For the year ended March 31, 2004, SRF Limited has reported a net profit of Rs 41.61 crore on gross sales of Rs 935.24 crore. The company had registered a net profit of Rs 31.89 crore on gross sales of Rs 879.10 crore during the year ended March 31,2003.
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