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| Exchange Disseminated Time | Rane (Madras) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2014, inter alia, has transacted the following:
1. The Board of Directors has declared an interim dividend at the rate of 6.74% on the 82,32,164 fully paid-up Cumulative Redeemable Preference Shares of Rs. 10/- each amounting to Rs. 0.56 crores.
2. The Board of directors has recommended to the shareholders a dividend of Rs. 5.50/- per equity share on the paid up equity capital of Rs. 10,51,06.490 comprising of 1,05,10,649 equity shares of Rs. 10/- each fully paid-up.
The equity dividend when declared will be paid / dispatched to the eligible shareholders on August 08, 2014.
Further the Company has informed that, Mr. P. Krishnamoorthy, Vice President - Finance has been designated as Chief Financial Officer of the Company under Section 203 read with Section 2(19) & 2(51) of Companies Act, 2013 and the rules made thereunder with immediate effect. |
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