Grasim Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2016, inter alia, has:<BR><BR>1. Appointed Mr. Arun Kannan Thiagarajan as an Additional and Independent Director of the Company, w.e.f. May 07, 2016, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting;<BR><BR>2. Recommended dividend @ Rs. 22.50 (Rupees Twenty two and paise fifty only) per equity share of face value Rs. 10/- each for the year ended March 31, 2016. The dividend, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting, will be paid on or after the date of the said meeting;<BR><BR>3. Appointed B S R & Co. LLP, Chartered Accountants as Joint Statutory Auditor of the Company subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting;<BR><BR>4. Appointed M/s D. C. Dave & Co. Cost Accountants, as Cost Auditor of the Company; and<BR><BR>5. Approved the proposal to expand the capacity of the Company's Chlor-alkali plant at Vilayat.
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