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| Exchange Disseminated Time | Nandan Denim Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 11, 2016, has transacted the following:
1. The Board of Directors have declared an Interim Dividend of 8% i.e. Re. 0.80 per equity share of the face value of Rs. 10/- each fully paid up. The dividend will be paid / dispatched on or before April 01, 2016. This Interim Dividend would be over and above an amount of Re. 0.80 per equity share approved in the Board Meeting dated February 12, 2016 thereby making the total Interim Dividend payout at Rs. 1.60 per share;
2. The Board of Directors have decided to set up four subsidiary companies under Nandan Denim Limited. Further, the Managing Director / Company Secretary / Committee have been authorized by the Board for taking necessary steps / actions in this regard.
3. The Board of Directors have approved the appointment of Mr. P. K. Shrivastava and Mr. Khawas Ganesh Kapooraram as Whole Time Directors and Occupiers with immediate effect;
The meeting of the Board of Directors of the Company commenced at 10.30 a.m. and concluded at 12.00 noon. |
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