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| Exchange Disseminated Time | Marathon Nextgen Realty Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2015, inter alia, has taken on record the following business:
1. Recommended a Dividend of Rs. 6.00 (60%) on equity share of Rs. 10/- each for the year ended March 31, 2015.
2. Recommended the re-appointment of Mr. Mayur R. Shah, Director of the Company in the ensuing 38th AGM.
3. Formulated & approved a Code of Conduct and Code of fair disclosure under SEBI (prohibition of Insider Trading) Regulations 2015.
The Board, as a matter of good corporate Governance measure also considered the separation of the Offices of the "Chairman" and the "MD" and deliberated the appointment of one of the Independent Directors as "The Chairman" of the Board. |
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