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| Exchange Disseminated Time 23/05/2016 18:35:25 | Omkar Speciality Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2016 at 10.00 a.m. and concluded at 6.00 p.m. approved the following:
1. Recommended dividend of Rs. 1.50/- (Rupee One and Fifty Paisa Only) per Equity Share of Rs. 10/- each on 2,50,78,004 Equity Shares for the Financial Year ended March 31, 2016 subject to the approval of shareholders, being accorded in the ensuing Annual General Meeting.
2. Took note of the resignation received from Mrs. Anjali Herlekar w.e.f. May 23, 2016 due to pre-occupancy in other assignments. Accordingly, she ceased to be the director of the Company w.e.f. May 23, 2016.
3. Approved the change in designation of Mr. Subhash Mali from Independent Director to Executive Director of the Company w.e.f. May 23, 2016 for a period of 3 years. Mr. Mali is not related to any of the Directors of the Company. |
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