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Board recommends Dividend

| Updated on May 26, 2016 Published on May 26, 2016

Kuantum Papers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2016, inter alia, have been taken following decisions:

1. The Board has recommended a dividend @ Re. 1.00 per share(10%) on the Redeemable noncumulative Preference Shares of Rs. 10/- each and @ Re. 1.00 per share(10%) on the equity shares for the year ended March 31, 2016, to the shareholders, for declaration at the ensuing Annual General Meeting.

2. Appointment of cost auditor and Recommendation to Shareholders to approve and ratify the payment of remuneration to M/s R.J. Goel & Co., Cost Accountants, Delhi, who were appointed as Cost Auditors by the Board of Directors for carrying out Cost Audit of the Company for financial year 2016-17.

3. Recommendation to Shareholders to appoint a director in place of Sh. Umesh K Khaitan, who retires by rotation and being eligible, offers himself for reappointment.

4. Recommendation to Shareholders for ratification of appointment of M/s BSR & Co. LLP, Chartered Accountants as the Auditors of the Company, at such remuneration as may be fixed by the Board of Directors.

5. Appointment of Internal Auditors of the Company pursuant to Section 138 of the Companies Act, 2013 for the year 2016-17.

6. Appointment of Practicing Company Secretary for Secretarial Audit pursuant to Section 204 of the Companies Act, 2013 for the year 2016-17.

7. Reviewed the Performance of Independent Directors/Committees of Board

8. Appointment of Scrutinizer.

The meeting commenced at 12.15 PM and concluded at 2.45 PM.

Source : BSE - >www.bseindia.com

Published on May 26, 2016
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