Huhtamaki PPL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 16, 2016, inter alia, has considered and approved the following:<BR><BR>1. Recommendation of payment of dividend @ Rs. 2.80 (Rupees Two & paise Eighty only) per Equity share of face value of Rs. 2/- each (@ 140%), for the financial year ended 31st December, 2015, subject to the approval of the shareholders at the ensuing Annual General Meeting;<BR><BR>2. Resignation of Mr Anil Kale as Managing Director of its wholly owned subsidiary, Positive Packaging Industries Limited w.e.f. 29th February, 2016 and approved the appointment of Mr A Venkatrangan as Managing Director, in his place, effective 1st March, 2016.
|