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| Exchange Received Time 08/05/2018 14:10:44 Exchange Disseminated Time 08/05/2018 14:10:49 Time Taken 00:00:05 | we wish to inform you that the Board of Directors of the Company at its meeting held today, commenced at 12.45 p.m. and concluded at 1.50 p.m., has, inter-alia, considered the following:
1. Approved of the Audited Financial Results (Standalone and Consolidated) of the Company as per Ind-AS for the quarter and year ended March 31, 2018 together with Auditors' Reports of the Statutory Auditors.
2. Recommended the dividend of Rs. 3/- per equity share of face value of Re. 1/- each for the financial year ended March 31, 2018.
3. Recommended for re-appointment of Mr. H. Rathnakar Hegde as the 'Independent Director' of the Company for the further period of consecutive 5 years w.e.f. April 1, 2019 to March 31, 2024.
4. Approved the investment in Kajaria Plywood Private Limited ('KPPL'), to the extent of Rs. 15 crores in one or more tranches, through subscription/acquisition of equity shares/preference shares of KPPL and/or granting of unsecured loan to KPPL.
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