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| Exchange Disseminated Time | Minda Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2015, inter alia, has approved the following:
1. The Board has approved and declared the following interim dividend
a) At the rate of Rs.2.50/- per share i.e. 25% on 1,58,65,356 equity shares of the company on the face value of Rs. 10/- each.
b) At the rate of Rs.0.30 per 3% cumulative redeemable preference share i.e. 3% on 35,00,000 3% cumulative redeemable preference shares of Rs. 10/- each.
2. The Board of Directors of the Company has unanimously approved the following matter(s), subject to the shareholders approval:-
1) Appointment of Mr. Vivek Jindal as President & Business Head of the Acoustic Division of the Company. Mr. Vivek Jindal is a son-in law of Mr. Nirmal K. Minda, Chairman & Managing Director.
2) Sale and transfer of seven (7) acres land of the company situated at Bawal to a prospective joint venture.
Accordingly, the Postal Ballot Notice, as approved by the Board of Directors will be sent to the shareholders of the Company. |
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