Kirloskar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2016, inter alia, has transacted the following:<BR><BR>1. Interim Dividend of 200% (i.e. Rs. 20/- per equity share of Rs. 10/- each) for the Financial Year 2015-16, paid on March 30, 2016, shall be considered as Final Dividend.<BR><BR>2. Based on the recommendation of the Nomination and Remuneration Committee, Mr. Mahesh Chhabria, has been co-opted as an Additional Independent Director of the Company with effect from May 24, 2016.<BR><BR>3. Mr. Mahesh J. Risbud, Company Secretary in Practice, has been appointed as the scrutinizer for the e-voting for the forthcoming Annual General Meeting under Regulation 44 of the Regulations and Companies (Management and Administration) Amendment Rules, 2015.
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