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Board recommends Final Dividend

| Updated on May 19, 2015 Published on May 19, 2015

GMM Pfaudler Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2015, inter alia, has:

1. Mr. Ashok J. Petal has tendered his resignation as Managing Director of the Company with effect from May 31, 2015 and will continue his services as Non Executive Director of the Company.

2. Mr. Tarak A. Patel is appointed as Managing Director of the Company with effect from June 01, 2015 for a period of five years subject to confirmation of shareholders at the ensuing Annual General Meeting.

3. Final Dividend @ 0.90 per share on 14,617,500 Equity Shares of face value of Rs. 2/- each, aggregating to Rs. 13,155,750/- for the year 2014-15 was recommended. The dividend if approved by the Members the dividend warrants will be dispatched/ remitted within 30 days commencing from the day after the ensuing Annual General Meeting.

Source : BSE - >www.bseindia.com

Published on May 19, 2015
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