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Board declares Interim Dividend

| Updated on March 14, 2016 Published on March 14, 2016

Swelect Energy Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 14, 2016, have transacted the following:

1. Declared an Interim Dividend of Rs. 3/- per equity share of the Company for the financial year 2015 - 2016.

2. The Board of Directors have approved the proposal to transfer the 12 MW Solar Photovoltaic plant located at Monjanur Village, Aravakurichi Taluk in Karur District to one of the Wholly owned subsidiary Company SWELECT Green Energy Solutions Private Ltd.

3. The Board also approved the proposal to invest upto Rs 10 Cores in the Share capital of the wholly owned subsidiary Company HHV Solar Technologies Limited.

4. Mrs. J. Bhuvaneswari, Company Secretary and Compliance Officer of the Company has resigned from the Company and will be relieved from March 31, 2016. Mr. R. Sathish Kumar has been appointed as the Company Secretary and Compliance Officer of the Company with effect from April 01, 2016.

The Meeting Commenced at 12.00 Noon and concluded at 5.30 PM.

Source : BSE - >www.bseindia.com

Published on March 14, 2016
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