|
| Exchange Disseminated Time | Lokesh Machines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2014, inter alia, have considered and approved the following:
1. The Board have recommended a Final Dividend of 5% i.e. Rs. 0.50/- on face value of Rs. 10/- each. and dividend is subject to the approval of shareholders in the ensuing Annual General Meeting.
2. Renaming of Remuneration Committee as "Nomination and Remuneration Committee" as required under Companies Act, 2013 and amended clause 49 of Listing Agreement.
3. Renaming of Shareholders Grievance Committee as "Stakeholders Relationship Committee" as required under Companies Act, 2013 and amended clause 49 of Listing Agreement.
4. Appointment of M. V. Narayana Reddy, Chartered Accountants as Internal Auditors of the Company as per the provisions of the Companies Act, 2013. |
|
|