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Dalmia Bharat Ltd. - Outcome of Board Meeting

| Updated on October 31, 2018 Published on October 31, 2018

Subject: Outcome of the Board meeting and unaudited financial results for the quarter ended and half year ended September 30, 2018 alongwith the Limited review report from Auditors thereon

Dear Sir(s),
Further to the intimation dated October 22, 2018 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations), it is hereby informed that the Board of Directors of Dalmia Bharat Limited (DBL), Dalmia Cement (Bharat) Limited (DCBL) and Odisha Cement Limited (ODCL/ Company) involved in the Scheme of Arrangement and Amalgamation amongst DBL, DCBL and the Company and their respective shareholders and creditors (Scheme) at their meeting held on Tuesday, October 30, 2018, considered and implemented the Scheme from October 30, 2018 (Implementation Date) with effect from the Appointed Date i.e January 1, 2015.
Post implementation of the Scheme, the Board of Directors of the Company (to be renamed as Dalmia Bharat Limited upon approval under Section 13 of the Companies Act 2013) has considered and approved the Unaudited financial results for the quarter and half year ended September 30, 2018. Attached is a copy of the same along with the limited review report from the statutory auditors thereon pursuant to Regulation 33 of the Regulations. Further, the Board also recommended declaration of dividend for the financial year 2017-18 at the rate of Rs. 1.70 (being 85 %) per equity share of Rs. 2 each of the Company.

Pdf Link: Dalmia Bharat Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

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Published on October 31, 2018
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