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| Exchange Disseminated Time | Alembic Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2013, inter alia, have taken the following decisions:
1. The Board has recommended a dividend of Re. 0.20 (10%) per Equity Share of Rs. 2 each, subject to approval of Shareholders at the Annual General Meeting.
2. The Board has appointed Mr. Udit Amin as Additional Director and Director & President-Real Estate Business w.e.f. April 24, 2013. Further Mr. Udit Amin has been designated as CEO of the Company w.e.f. April 24, 2013.
3. Mr. Ashok Tulankar has resigned as Manager of the Company w.e.f. April 30, 2013, however, he shall continue as Non-Executive Director of the Company. |
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