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| Exchange Disseminated Time 30/05/2016 23:06:26 | Jindal Poly Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, have considered and approved the following:
1. Recommended a dividend of 10 % (Rs. 1 per equity share) on Paid-up equity shares of the company in respect of financial year 2015-16, for approval of the Shareholders.
2. Issued and alloted 17,38,700 ( Seventeen lacs thirty eight thousand seven hundred), fully Paid-up Equity shares of Rs. 10 (Ten) each, to the Equity shareholders of Jindal Photo Limited, as per exchange ratio, as on record date (May 13, 2016) in terms of Scheme of Arrangement among Jindal Photo Limited (Transferor Company) and Jindal Poly Films Limited (Transferee Company) and their respective shareholders and creditors.
3. Appointment of Mr. Sanjay Digambar Kapote, as Whole Time Director w.e.f. June 01, 2016.
4. Accepted the Resignation of Mr. Sanjay Mittal as Whole Time Director of the company w.e.f. May 31, 2016.
Meeting started at 4.30 PM and ended at 07:45 PM. |
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