|
| Exchange Disseminated Time 27/05/2016 08:30:09 | Precision Wires India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2016, at 4.15 p.m. and concluded at 7.45 p.m., inter alia, has transacted the following businesses:
1. A Final Dividend of @ Rs. 1.25 (25%) per equity share of the face value of Rs. 5/- each fully paid was recommended for the Financial Year ended March 31, 2016.
2. On the recommendation of the Nomination & Remuneration Committee of the Board and subject to the approval of the Members at the ensuing Annual General Meeting, the Board of Directors have re-appointed Shri. Deepak M. Mehta,
Whole-time Director of the Company for a period of 3 (Three) years with effect from August 01, 2016.
3. Approved the Cancellation of the Exiting Agreement with M/s. Sharepro Services (India) Pvt. Ltd. (R&TA) and appointment of New Registrar and Share Transfer Agent w.e.f. June 01, 2016.
4. Applied for renewal of working capital facilities to Bank of Baroda for financial year 2016-17 up to Rs. 183 Cr; Renewal of Non Funding facilities with : a) Ratnakar Bank- Rs. 20 Crores. b) Yes Bank- Rs. 15 Crores. |
|
|