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| Exchange Disseminated Time | INEOS Styrolution India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2016, inter alia, has approved and taken on record the following items:
1. Recommendation of Dividend
The Board has recommended a dividend of Rs. 4/- per Equity share of Rs. 10/- each (40%) for the financial year ended on March 31, 2016, subject to approval of members at the ensuring Annual General Meeting (AGM).
2. Changes in Board
Resignations:
With effect from May 16, 2016
- Mr. Ravindra Kulkarni has resigned from the office of his directorship in the Company.
- Dr. Anke Frankenberger has resigned from the office of his directorship in the Company.
Appointments:
With effect from May 16, 2016
- Ms. Ryna Karani has been appointed as an Independent Director of the Company. Ms. Karani is a partner in ALMT Law Firm in Mumbai. She has vast experience in the field of mergers and acquisitions. She is also on the Board of Reliance Infrastructure Limited and Reliance Defence and Engineering Limited.
- Mr. Bhupesh P. Porwal has been appointed as an Additional Director of the Company.
The Board meeting commenced on 13:45 hours (IST) and concluded at 16:30 hours (IST) |
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