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| Exchange Disseminated Time | Lumax Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2014, inter alia, has taken the following decisions:
1. Recommended a Dividend of 35% (Rs. 3.50 per Equity Share) for the approval of Shareholders in the ensuing Annual General Meeting.
2. Stanley Electric Co., Ltd., Japan, the Financial and Technical collaborator has withdrawn nomination of Mr. Shigeki Muto as Non-Executive Director from the Board of the Company. Consequent to withdrawal of his nomination, Mr. Shigeki Muto resigned from the Board of the Company with immediate effect.
3. The Company has appointed Mr. Toru Tanabe, Nominee of Stanley Electric Co., Ltd., Japan as Additional Director of the Company.
4. Appointed Mr. Sanjay Mehta as Chief Financial Officer of the Company w.e.f. June 01, 2014, consequent to change in roles and responsibilities of Mr. Naval Khanna, Group Finance Head. |
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