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| Exchange Received Time 31/05/2017 13:48:57 Exchange Disseminated Time 31/05/2017 13:49:03 Time Taken 00:00:06 | Intimation about recommendation of dividend and statutory auditors
The Board of Directors at their meeting held today 31/5/2017 - approved the followings;
1. The Board of directors, subject to the approval of shareholders at the ensuing general meeting, has recommended the appointment of M/s Arun & Co., Chartered Accountants, Tirunelveli(FRN : 014464S) as the Statutory Auditors of the company for a period of five years from the conclusion of 55th Annual General Meeting till the conclusion of 60th Annual General Meeting in place of Mr.P.Marimuthu, Chartered Accountant, Tirunelveli who's term expires at the ensuing AGM pursuant provisions of Section 139 of the Companies Act, 2013.
2. The board of directors of the company have recommended a dividend of Re.1/- per share of Rs.10/- each (10% on the face value of Rs.10/- each) for the financial year ended 31st March,2017 subject to approval of shareholders in the ensuing AGM. |
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