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| Exchange Disseminated Time 26/05/2016 18:08:53 | Orient Abrasives Ltd has informed BSE that the meeting of the Board of Directors of the Company at its meeting held on May 26, 2016, inter alia, has approved the followings:
1. Approved of resignation of Mr. Kamlesh Kumar Mundra Company Secretary and Compliance Officer of the Company w.e.f. April 30, 2016.
2. The Board of Directors have recommended a final dividend a 25% i.e. 0.25 per equity shares of Rs. 1.00 each. subject to approval of members at the ensuing Annual General Meeting of the Company.
3. The nomination of Mr. Mihir H Devani, Whole Time Director of the Company as Chief Executive Officer (CEO) of the Company under the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015.
4. The Board of Directors pending appointment of Chief Financial Officer (CFO) has recognized Shri Hari Goyal, GM (Finance & Accounts) to be in-charge and responsible for the Accounting and Financial Compliance of the Company.
The Meeting Concluded at 5.25 p.m. |
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