Board recommends Dividend

| Updated on May 29, 2014

RDB Realty & Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2014, inter alia, has approved and taken on record the following:

1. Recommended a Dividend of Re. 1.00/- per share on 17,283,400 Equity shares having face value of Rs 10 each. The dividend, if approved by shareholders, will be paid on the equity share capital of Rs 1,72,834,000/- and will be payable between August 13, 2014 and September 06, 2014.

2. Resignation of Sri Surendra Kumar Parakh from the company w.e.f. June 01, 2014.

3. Appointment of Sri Waseem Javed Khan as Non Executive Independent Director of the Company w.e.f. June 01, 2014.

4. Appointment of Smt Kusum Devi Dugar as Non Executive Women Director of the Company w.e.f. June 01, 2014.

5. Reconstitution of Audit Committee of the Company w.e.f. June 01, 2014 - Sri Ravi Prakash Pincha, Independent Director of the Company to be inducted as the member in place of Sri Surendra Kumar Parakh.

Further the Company has informed that the Company is in process to acquire the shares of M/s Maple Tieup Private Limited so as to make it as a subsidiary, subject to valid confirmation received from M/s Maple Tieup Private Limited.

Source : BSE - >www.bseindia.com

Published on May 29, 2014

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