May 20, 2016
Outcome of
the Board Meeting
The Board of Directors of
the Company in their meeting held on May 20, 2016 has taken the following
decisions:
Taken on record the Standalone and Consolidated Financial Statement
of the Company for quarter/ year ended on March 31, 2016. Financial results are
available on the Company's website and also on the websites of BSE
(www.bseindia.com) and NSE (www.nseindia.com).
Recommended final dividend of Rs.2.75 per equity shares of
Rs.5 each, subject to the approval of shareholders.
Approved re-appointment of Mr. H. S. Gujral as Executive
Director of the Company, subject to the approval of shareholders.
Adopted Policy for Determination of Materiality of
Disclosures and Policy on Preservation of Documents.
Mr.Vivek Bhatia, CFO has resigned from the services of the
Company, the Board has accepted his resignation.