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| Exchange Received Time 30/05/2017 18:40:39 Exchange Disseminated Time 30/05/2017 18:40:44 Time Taken 00:00:05 | Pursuant to Regulation 30 & Regulation 33 of SEBI (LODR) Regulations, 2015 we wish to inform you that the Board of Directors of the Company in its Meeting held today at 5:30 p.m. and concluded at 6:30 p.m., has inter alia :
- Approved the Audited Financial Results (Standalone & Consolidated) for the Quarter and Year-Ended March 31, 2017 along with Statement of Asset and Liabilities as at 31st March, 2017 . The said Results, Auditors' Report and Declaration for Unmodified Opinion are enclosed herewith.
- Recommended a dividend of Rs. 0.125/- per equity share of Rs. 5/- each (i.e. 2.5%) for the year 2016-17, subject to approval of Shareholders in the forthcoming AGM. The dividend, if approved, will be credited / dispatched to the shareholders within 30 days from the date of approval.
- Approved re-appointment of Mr. Sajid Malik as Managing Director designated as 'Chairman & Managing Director' for the period of 5 years w.e.f. from September 01, 2017.
- Approved re-appointment of Mr. Sohel Malik as Executive Director of the Company for the period of 5 years w.e.f from September 01, 2017.
- Approved re-appointment of Mrs. Saroja Malik as Whole-time Director of the Company for the period of 5 years w.e.f. from August 17, 2017.
The brief profile of all the directors is enclosed herewith.
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