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| Exchange Received Time 05/05/2017 15:29:48 Exchange Disseminated Time 05/05/2017 15:29:52 Time Taken 00:00:04 | | The Board of Directors of the Company at their meeting held today, i.e on May 5, 2017, that commenced at 12:00 noon and concluded at 3:00 p.m. inter alia has approved: 1. Appointed Mr. I.Y.R. Krishna Rao, as an Additional Director in the category of Independent Director of the Company and recommend the same for shareholders' approval in ensuing Annual General Meeting. 2. Approved the Audited financial results for the quarter and year ended March 31, 2017, along with Audit Report. Copy of the financial results, declaration with respect to audit report with unmodified opinion on the said financial results and Audit Report issued by Statutory Auditors are enclosed herewith. 3. Recommended Final Dividend of Rupee 0.50 per equity share (50% of the face value). 4. Approved revision in Managing Director & CEO remuneration, subject to approval of shareholders. The above information is also available on Company's website www.orientcement.com and on the Stock Exchange website: www.nseindia.com and www.bseindia.com. |
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