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| Exchange Received Time 22/05/2018 15:10:39 Exchange Disseminated Time 22/05/2018 15:10:44 Time Taken 00:00:05 |
Board of Directors of the Company at their meeting held today i.e., 22nd May, 2018 at 01:30 P.M., inter-alia has:
1. Considered and approved the Audited Financial Results for the year ended on 31st March, 2018.
2. Recommended final dividend of Rs. 0.55 per equity shares of Rs. 1 each
3. Considered and approved the re-appointment of Mr. P.S. Jauhar (DIN: 00744518) as Managing Director & CEO
4. Recommended the re-appointment of M/s. S. R. Batliboi & Co; LLP Chartered Accountants as statutory auditors for a further term of five years to hold office from the conclusion of 52nd Annual General Meeting until the conclusion of 57th Annual General Meeting of the Company.
5. Re-appointed M/s Protivity, Risk and Business Consulting as Internal Auditors for FY 2018-19.
6. Approved manufacturing of U-Bolt and other allied products.
7. To set up the proposed plant at Indore as a suspension system manufacturing plant under the Company or subsidiary.
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