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| Exchange Received Time 28/04/2018 15:09:16 Exchange Disseminated Time 28/04/2018 15:09:24 Time Taken 00:00:08 | The Board of Directors (the 'Board') at its meeting held on April 28, 2018, have approved, inter alia, the following:
1.Audited Financial Results (Standalone) of the Company for the financial year ended March 31, 2018 along with Auditors' Report on standalone financial Results.
2.Recommendation of Final Dividend of 15% (Rs.1.50/- per Equity Share of Rs. 10/- each of the Company) for approval by the shareholders of the Company. The Final Dividend, if declared at the Annual General Meeting (the 'AGM') will be paid within the statutory time limit.
3.Recommendation of re-appointment of Mr. Ambar Patel as Managing Director of the Company for a further period of 3 (three) years commencing from July 01, 2018 in accordance with the provisions of Sections 196, 197 and 203 and Schedule V of the Companies Act, 2013, subject to approval of the shareholder of the Company at the ensuing AGM.
4.Various other approvals and noting's related to and required in the normal course of business |
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