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| Exchange Disseminated Time | Lumax Auto Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia, has taken the following decisions:
1. Recommended a Dividend of 60% (Rs. 6.00 per Equity Share of Rs.10/- each) for the approval of Shareholders in the ensuing Annual General Meeting.
2. Consequent upon refund of excess Remuneration of Rs. 97.91 Lacs for 2012-13 by Mrs. Usha Jain to the Company, the Board has decided to drop the proposal for waive of excess remuneration paid during FY 2012-13 and proposal for payment of Rs. 200 Lacs over and above her normal entitlement of the remuneration for the FY 2013-14. |
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