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| Exchange Disseminated Time | Phillips Carbon Black Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 13, 2016, inter alia, has approved the following:-
1. Recommendation of dividend of 25% i.e. of Rs. 2.50/- per share for the Financial Year ended March 31, 2016, subject to the approval of the Members of the Company.
2. Recommendation of appointment of Mr. Paras K Chowdhary as an Independent Directors to the Members for approval at the ensuing Annual General Meeting of the Company.
It shall be mentioned here that he qualifies to be an Independent Director as defined Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 149 of the Companies Act, 2013.
The Meeting of the Board of Directors commenced at 11:30 A.M. and concluded at 9:00 P.M. |
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