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Board recommends Dividend (AGM on July 23, 2015)

| Updated on May 22, 2015 Published on May 22, 2015

GHCL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2015, inter alia, has approved the following:

1. Recommended Dividend of Rs. 2.20 per share (22%) for the financial year ended March 31, 2015.

2. In-principal approval for giving benefits to employees by providing stock options and or any other instruments in accordance with SEBI (Share Based Employee Benefits) Regulations, 2014, subject to approval of shareholders by passing special resolution in their 32nd Annual General Meeting scheduled to be held on July 23, 2015.

3. Appointment of Mr. Neelabh Dalmia, as a Director - Strategy, in its overseas subsidiary Company i.e. Grace Home Fashion LLC registered in USA subject to compliance of US Laws and others consents, approvals and permissions. Further the Company has informed that, he will continue as a Non - Executive, Non - Independent Director in GHCL Ltd.

4. Notice for 32nd Annual General Meeting scheduled to be held on July 23, 2015.

Source : BSE - >www.bseindia.com

Published on May 22, 2015
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