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Outcome of Board Meeting

| Updated on March 13, 2018 Published on May 15, 2017

We wish to inform you that at the Board Meeting held today, i.e on May 15, 2017 the Board of Directors of the Company approved the Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended March 31, 2017. Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we are enclosing the following documents: (i) Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended March 31, 2017 and Statement of Assets & Liabilities for the year ended March 31, 2017; (ii) Auditors Report on the Audited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2017 issued by M/s. B.K. Shroff & Co, Statutory Auditors of the Company; (iii) Declaration on Auditors Report with Unmodified Opinion under Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. Further the Board of Directors of the Company has recommended Final Dividend of 20% (Re. 0.40 per Equity Share of Rs. 2/-each) for the Financial Year 2016-17, in addition to an interim dividend of Re. 0.40 per equity share of Rs. 2/- each declared and paid during the Financial Year 2016-17. The total dividend payout for 2016-17 is 40% (Re. 0.80 per equity share of Rs. 2/- each). The said dividend, if declared at the Annual General Meeting, will be paid to the shareholders within 30 days of Annual General Meeting. Further, please note that pursuant to Section 139 of the Companies Act, 2013 and the Rules made thereunder, in view of mandatory rotation of Auditors, subject to the approval of members of the Company, the Board of Directors of the Company approved the appointment of M/s. Suresh Kumar Mittal & Co, Chartered Accountants (Firm Registration No. 500063N) as the Statutory Auditors of the Company, for a period of 5 years to hold office from the conclusion of the 28th Annual General Meeting until the conclusion of the 33rd Annual General Meeting of the Company. The meeting of the Board of Directors commenced at 12.30 p.m. and concluded at 4.10 p.m. Kindly take note of the same.

Pdf Link: Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on May 15, 2017
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