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Board recommends Dividend

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

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

1. To recommend a Dividend of Rs. 3.50 (35%) per equity share for the Financial Year 2014-15.

2. Appointment of Mr. H. N. Sinor as an Additional Director in the capacity of Independent Director of the Company w.e.f. May 22 ,2015.

3. Cessation of Mr. Suresh Rajpal from the Directorship of the Company w.e.f. May 22, 2015.

4. The dividend on Equity Shares, shall be paid within 30 (thirty) days from the conclusion of the ensuing Annual General Meeting, the date of which will be intimated in due course.

5. The following Codes pursuant to the requirements of SEBI (Prohibition of Insider Trading) Regulations, 2015:

- Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI); &

- Code of Conduct to regulate, monitor and report trading by Insiders named as "Code of Internal Procedures & Conduct for Prevention of Insider Trading".

Further the Company shall also be uploading the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI)"on its website.

Source : BSE - >www.bseindia.com

Published on May 22, 2015
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