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| Exchange Disseminated Time | Lumax Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 19, 2007, inter alia, has taken the following decisions:
1. Recommended a Dividend of 45% (Rs 4.50 per Equity Share) for the approval of Shareholders in the ensuing Annual General Meeting.
2. Accept and take on record the resignation of Mr. P S Dubey, Nominee Director of IDBI from the Board of Directors of the Company.
3. Appointed Mr. M C Gupta a retired IAS, as an Additional Director and is proposed to be appointed as regular Director, liable by rotation in the ensuing Annual General Meeting, pursuant to Section 257 of the Companies Act, 1956.
4. Re-appointed Mr. V Muraga, nominee of Stanley Electric Co., Ltd as Executive Director for a period of one year. |
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