The Hindu Business Line : VST Ind declares dividend of Rs 12.50/ share

VST Industries Ltd has declared a dividend of Rs 12.50 per share (125 per cent inclusive of 60 per cent Platinum Jubilee Dividend) for the financial year ended March 31.

The company informed the BSE that the members at the 74th Annual General Meeting (AGM) held on July 28, inter alia, have adopted the Directors' Report to the Shareholders, balance sheet and Profit & Loss Account and the Report of the Auditors thereon for the year ended March 31.

The AGM also okayed the appointment of Air Chief Marshal I.H. Latif (Retd) & Mr Raymond S. Noronha, as Directors of the Company and the appointment of Lovelock & Lewes, Chartered Accountants, as Auditors of the Company, to hold office until the conclusion of the next AGM. It also okayed the re-appointment of Mr N. Sai Sankar as whole-time Director of the company with effect from January 1, 2006 to hold office for a period of five years.

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