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The board of Spice Mobility has approved the appointment of Prashant Bindal as CEO with effect from August 27, 2014.
The board also said that to align with the requirement of the Companies Act it was decided to close the current financial year on March 31, 2015, and accordingly the current financial year will be of nine months-- from July 1, 2014 to March 31, 2015.
With a view to drive business growth, the board of directors has decided not to recommend any further dividend for the financial year 2013-14, apart from the interim dividend paid in November, 2013, the company said in a filing to the stock exchange.
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