BHANSALI ENGINEERING POLYMERS LTD. - Board recommends Final Dividend
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| 28 May 2016 | |
| Bhansali Engineering Polymers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2016, inter alia, have considered / approved the following matter:<BR><BR>1. The first phase of expansion has been completed in the month of March-16 augmenting the Company's installed capacity from 51 KTPA to 80KTPA at a capex of Rs. 37.94 Crores.<BR><BR>2. To undertake comprehensive automation of the compounding operations, replacement of old Extruders, modernization of Warehousing facility with most advanced material handling equipments including new building construction, establishment of stale of the art R & D center including building construction, the Board has approved a capex budget of Rs. 47.22 Crores for the F.Y.2016-17.<BR><BR>3. In principle approval for the second phase of expansion at a port based location, for enhancing the manufacturing capacity of Company to 200KTPA from the existing 80KTPA to be completed by March, 2019.<BR><BR>4. Recommended for payment of final dividend @10% (viz., 10 paise per equity share having face value of Re.1/- each) on its total Paid-up Capital of Rs. 16,59,05,640/- subject to approval of members at ensuing annual general meeting of the Company.<BR><BR>5. Recommended /approved for Re-appointment of M/s. B. L. Dasharda & Associates, Chartered Accountants as Statutory Auditors of Company and Ms. Joshi Apte & Associates as Cost Auditors of Company for F. Y. 2016-17 subject to approval of members, wherever applicable.<BR><BR>Further, the Board Meeting commenced at 11:00 A.M. and concluded at 2:50 P.M. | |
| View all announcements for BHANSALI ENGINEERING POLYMERS LTD. | Source: BSE India |
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