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Board recommends Final Dividend

| Updated on May 15, 2016 Published on May 15, 2016

Vidli Restaurants Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 15, 2016, inter alia, has transacted the following:

1. The Board of Directors has recommended final dividend for the financial year ended March 31, 2016 @ Rs. 0.25/- per share i.e. 2.5% at its meeting held on May 15, 2016. It is pertinent to mention that the Board of Directors of the Company had declared interim dividend @ Rs. 0.75/- per share at its meeting held on December 28, 2015. The total dividend for the financial year 2015-16 will be Re. 1.00/- per share.

2. M/s. P. D. Saraf & Co., Chartered Accountants, Mumbai were appointed as the Statutory auditors of the Company for a period of five years from financial year 2016-17.Their appointment is subject to approval of the members of the Company at the 9th Annual General Meeting.

3. The Board of Directors of the Company authorized the Managing Director of the Company to set up at appropriate time one or more wholly owned subsidiaries / joint venture abroad, subject to necessary regulatory approval(s).

Source : BSE - >www.bseindia.com

Published on May 15, 2016
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