KPIT Technologies Limited - Board recommends Dividend (AGM on July 25, 2014)
| < Back | |
| 29 Apr 2014 | |
| KPIT Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2014, inter alia, has approved the following :<br/><br/>1. Recommendation of Dividend @ 55% for the year 2013-2014 (Rupees 1.10 per Equity Share of Rupees 2/- each), subject to the declaration of the same by the shareholders at the annual general meeting scheduled on July 25, 2014. The dividend, if declared by the shareholders at the annual general meeting, will be paid on or before July 30, 2014.<br/><br/>2. Allotment of 802768 equity shares under the Employees Stock Option Schemes of the Company. On such allotment, the paid up share capital of the Company stands at Rs. 389,749,950/- divided in to 194874975 equity shares of Rs. 2/- - each, fully paid up.<br/><br/>3. Appointment of Mr. S. B. (Ravi) Pandit as Whole Time Director and Chairman of the Company for a period of 5 years w.e.f. April 01, 2014 subject to the approval of members at the ensuing Annual General Meeting.<br/><br/>4. Reappointment of Mr. Kishor Patil as Chief Executive Officer and Managing Director of the Company for a further period of 5 years w.e.f. July 02, 2014 subject to the approval of shareholders at the ensuing Annual General Meeting. | |
| View all announcements for KPIT Technologies Limited | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback