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| Exchange Disseminated Time 23/05/2016 13:42:11 | Jyothy Laboratories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2016, inter alia, have:
1. Recommended Final Dividend of Re. 1/- (Rupee One Only) per equity share of Re. 1/- each for the financial year ended March 31, 2016, which if approved by the shareholders at the ensuing Annual General Meeting, will be paid/ dispatched on or before July 31, 2016;
2. Approved appointment of Mr. M. P. Ramachandran as Chairman & Managing Director for a further period of 5 years with effect from August 22, 2016 to August 21, 2021, subject to approval of the Shareholders of the Company in the ensuing Annual General Meeting;
3. Approved the Scheme of Amalgamation of Jyothy Consumer Products Marketing Limited with the Company. The Appointed Date under the Scheme will be April 01, 2016.
Further the Company is to report the following changes in the Key Managerial Personnel of the Company:
1. Mr. S. Raghunandan has relinquished the Office of Whole Time Director and Chief Executive Officer of the Company w.e.f. May 23, 2016. He is continuing as President of the Company;
2. Mr. Rajnikant Sabnavis, Vice President - Sales & Marketing has been appointed as Chief Operating Officer of the Company;
3. Mr. M. L. Bansal has relinquished the Office of Company Secretary & Compliance Officer of the Company.
4. Mr. Shreyas Trivedi has been appointed as Company Secretary & Compliance Officer of the Company w.e.f. May 23, 2016. |
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