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| Exchange Disseminated Time 23/06/2016 08:38:53 | Hubtown Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 22, 2016, has taken the following decisions :
1. As a prudent economic measure and in order to conserve the scarce liquid resources of the Company, the Board has not recommended any dividend on the equity shares for the year ended March 31, 2016;
2. Recommended for ratification by the shareholders in the ensuing Annual General meeting, the reappointment of M/s. Dalal Doshi & Associates, Chartered Accountants, as Statutory Auditors of the Company for the year ending March 31, 2017;
3. Reappointed Mr. Hemant M. Shah as Whole time Director designated Executive Chairman and Mr. Vyomesh M. Shah as Managing Director of the Company for a period five years with effect from January 01, 2017 to December 31, 2021, subject to the approval of the shareholders in the ensuing Annual General Meeting. |
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