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| Exchange Disseminated Time 27/05/2016 18:24:50 | Saksoft Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2016, inter alia, has transacted the following;
1. Recommended a final dividend of Rs. 3.00/- per equity Share (30%) for the financial year 2015-16 on equity shares of Rs. 10/- each, subject to the approval of the Shareholders in the ensuing Annual General Meeting(AGM).
2. Appointment of New Director
- Appointed Mr. VVR. Babu as an additional director under Independent category, who will hold office upto the ensuing Annual general meeting and based on the notice received under Section 160 of the Companies Act, 2013, the Shareholders at the ensuing Annual general meeting may consider Mr. VVR. Babu's appointment as an Independent Directors for a period of five years from May 27, 2016 to May 26, 2021 in terms of Section 149 and other applicable provisions of the Companies Act, 2013 and its rules thereof. |
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