N.G.INDUSTRIES LTD. - Board recommends Dividend

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N.G.INDUSTRIES LTD. - Board recommends Dividend

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30 May 2016
NG Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, have:<BR><BR>1. Considered and recommended a Dividend of 35% i.e. Rs. 3.5 per equity share of Rs. 10 each for the year ended March 31, 2016. The payment of Dividend is subject to approval of shareholders of the Company in the ensuing Annual General Meeting of the Company.<BR><BR>2. Considered and recommended for consideration of adoption of newly substituted Articles of Association of the Company containing regulations in line with the Companies Act, 2013, subject to approval of shareholders of the Company in the ensuing Annual General Meeting of the Company.<BR><BR>3. The Board acceded to the request of Mr. Ashok Kumar Goenka to relinquish his position as Chairman of the Board. He is a Director, liable to retire by rotation in the ensuing Annual General meeting of the Company. He has stated his inability to offer himself for re-appointment. The Board has accepted the same and recommended that the Vacancy so caused on the Board of the Company be not tilled-up.<BR><BR>4. The Board considered and elected Mr. Rajesh Goenka, Whole time Director as Chairman of the Board of Directors of the Company.<BR><BR>5. Considered and recommended appointment of Auditor and fix their remuneration subject to approval of shareholder of the Company in the ensuing Annual General Meeting of the Company.
View all announcements for N.G.INDUSTRIES LTD.	Source: BSE India

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