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| Exchange Disseminated Time | Gujarat Apollo Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2012, inter alia :
1. The Board of Directors of the Company have recommended the dividend of Rs. 2.5/- per Share for the financial year 2011-12.
2. The Board of Directors accepted resignation given by Mr. Ajitkumar T. Patel, Whole-Time Director of the Company, consequently he ceased to be Director of the Company from August 11, 2012.
3. Subject to approval of members at the general meeting, the Board of Directors have proposed to re-appoint Mr. Anand A. Patel, Whole-Time Director of the Company for further period of 3 (Three) years w.e.f. September 01, 2012.
4. Subject to approval of members at the general meeting, the Board of Directors have recommended to revise terms of remuneration of Mr. Asit A. Patel, Managing Director of the Company.
5. Subject to approval of members at the general meeting, the Board of Directors have recommended to pay commission to Mr. Anilkumar T. Patel and Mr. Manibhai V. Patel, Directors of the Company (other than Managing/Whole-Time Director). |
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