FINOLEX INDUSTRIES LTD. - Board recommends Final Dividend
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| 21 May 2016 | |
| Finolex Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2016, inter alia, has approved the following:<BR><BR>1. Recommended Final Dividend @ 100% (Rs. 10 per share) for the financial year 2015-2016 which includes @ 25% (Rs. 2.50 per share) as Special Dividend to pay homage to late Mr. P P Chhabria, Founder Promoter of the Company, subject to approval of shareholders at ensuing annual general meeting; and<BR><BR>2. The reappointment of Mr. Prakash P. Chhabria, Wholetime Director designated as Executive Chairman with effect from December 01, 2016 for a period of five years, subject to approval of members at ensuing annual general meeting; and<BR><BR>3. Retirement of Mr. Saurabh S. Dhanorkar, Wholetime Director designated as Managing Director and also Key Managerial Personnel with effect from November 30, 2016 i.e. end of the current term of the appointment, as agreed between the Board and Mr. Saurabh S. Dhanorkar; and<BR><BR>4. Reappointment of Mr. Sanjay S. Math, as Wholetime Director to be designated as Managing Director, subject to approval of members at ensuing annual general meeting for a period of five years with effect from December 01, 2016 and also Key Managerial Personnel with effect from December 01, 2016. | |
| View all announcements for FINOLEX INDUSTRIES LTD. | Source: BSE India |
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