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| Exchange Disseminated Time | APL Apollo Tubes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 09, 2015, inter-alia:
1. Recommended the dividend of Rs. 6.00/- per equity share of Rs. 10/- each for the year 2014-15, subject to approval by shareholders at the ensuing Annual General Meeting.
2. Approved the proposal for Amalgamation of M/s Lloyd Line Pipes Limited with the Company, in terms of the provisions of Sections 391 to 394 and other applicable provisions of the Companies Act, 1956 (applicable as on date) or any corresponding provisions of the Companies Act, 2013. The Board has earlier in September 2013, approved the Merger of the said companies, however, due to technical difficulties the same could not be pursued.
3. Accepted the resignation of Mr. Aniq Husain, an Independent Director. |
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