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| Exchange Received Time 31/05/2017 12:04:58 Exchange Disseminated Time 31/05/2017 12:05:04 Time Taken 00:00:06 | Sir Madam,
Pursuant to the Regulation 33 and Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform the Exchange that the Board of Directors of the Company at their Meeting held on 30th May, 2017 has, inter-alia, transacted the following businesses:
1. Approval of Audited Financial Results:
Approved the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31st March, 2017. In this regards, please find enclosed:
- Auditors' Report under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of the audited standalone & consolidated financial results of the Company for the financial year ended 31st March, 2017; and
- Declaration of unmodified opinion in respect of the audited standalone & consolidated financial results of the Company for the financial year ended 31st March, 2017.
2. Recommendation of Dividend of Equity Shares:
- The Board of Directors have recommended the dividend on equity shares of the Company @ 40% (i.e. Rs. 2/- per equity share of Rs. 5/- each) for the financial year ended 31st March, 2017.
- The dividend, if approved by the shareholders at the ensuing Annual General Meeting, will be paid within 30 days of the conclusion of the ensuing Annual General Meeting.
3. Resignation of Mrs. Vimal Vasisht, Woman Director
Due to health issues and personal reasons, Mrs. Vimal Vasisht (DIN : 06928805), Woman Director of the Company has resigned from the directorship of the Company w.e.f. the closure of Business Hours on 30th May, 2017.
The Board meeting commenced at 5:00 p.m. and concluded at 7:00 p.m. on Tuesday, 30th May, 2017.
This is for your information and record please.
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