Board recommends Dividend

| Updated on May 29, 2014 Published on May 29, 2014

Bajaj Electricals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2014, inter alia, has recommended the Dividend of 75% for the financial year ended March 31, 2014, i.e. Re. 1.50 per equity share of Rs. 2.00 each, subject to the approval of the shareholders in the ensuing Annual General Meeting.

Further the Company has informed that, the Board of Directors, at their meeting held on May 29, 2014, redesignated the ‘Remuneration and Compensation Committee’ as the ‘Nomination and Remuneration Committee and the ‘Shareholders’ & Investors’ Grievance Committee’ as the ‘Stakeholders’ Relationship Committee’ to be consistent with the requirements of Section 178 of the Companies Act, 2013.

Source : BSE - >www.bseindia.com

Published on May 29, 2014
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