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| Exchange Received Time 08/11/2018 13:38:58 Exchange Disseminated Time 08/11/2018 13:39:05 Time Taken 00:00:07 | Board of Directors has declared an Interim Dividend of Rs.3/-per equity share [30%] for the financial year ending 31st March,2019. The Company has fixed 20th November,2018 [20.11.2018] as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after 28th November,2018 [28.11.2018].
Further, we wish to inform you that the Board of Directors at its meeting held today, took note of the following:
1) Approved the re-appointment of Mr. K M Mammen as Managing Director of the Company for a period of 5 years with effect from 8th February, 2019, subject to approval of the shareholders. Board has decided to seek the approval of shareholders through postal ballot for the above re-appointment.
2) Dr. K C Mammen, Non-Executive Director of the Company, has submitted his resignation and will be stepping down from the Board with effect from 9th November,2018.
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