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GATI LTD. - Board recommends Final Dividend
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27 Apr 2016
Gati Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2016, inter alia, has approved the following:&lt;BR&gt;&lt;BR&gt;1. Recommendation of final dividend @ 50% i.e., Rs. 1 per equity share of Rs. 2/- each for the year ended March 31, 2016 which shall be paid within 30 days from the conclusion of the ensuing Annual General Meeting subject to approval of the shareholders of the company,&lt;BR&gt;&lt;BR&gt;2. Allotment of 1,76,217 equity shares of Rs. 2/- each on exercise of stock options under Employee Stock Option Scheme (ESOS) of the Company. Consequently, the Equity Share Capital of the Company has increased from 8,77,22,937 Equity Shares of Rs. 2/- each aggregating to Rs. 17,54,45,874/- to 8,78,99,154 Equity shares of Rs. 2/- each aggregating to Rs. 17,57,98,308.&lt;BR&gt;&lt;BR&gt;3. Re-appointment of Mr. Mahendra Agarwal as Managing Director for a period of five (5) years w.e.f. August 01, 2016, subject to shareholders&apos; approval.&lt;BR&gt;&lt;BR&gt;4. Resignation of Mr. VSN Raju, Company Secretary &amp; Compliance Officer of the company with effect from April 28, 2016 (end of business hours).&lt;BR&gt;&lt;BR&gt;The meeting of Board of Directors was commenced at 11.00 am and concluded at 6.30 pm.
View all announcements for GATI LTD. Source: BSE India

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