PUNJ LLOYD LTD. - Outcome of Board Meeting

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20 May 2014
Punj Lloyd Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2014, inter alia, have:-<br/><br/>1. Not recommended any dividend for the financial year 2013-14.<br/><br/>2. Appointed Mr. J. P. Chalasani, Director and Group CEO as the Managing Director and Group CEO with Immediate effect, on the existing terms and conditions.<br/><br/>Further the Company has informed that, its application for leave to appeal pending before the Court of Appeals, UK, against the judgement and decree of the Technology and Construction Court, UK in favour of SABIC UK Petrochemicals Limited and against the Company, on the ground of incorrect construction of the limitation of liability provisions of the contract has been accepted. The appeal would be heard in due course by a bench comprising of three judges. This is further to the information provided by the Company on February 04, 2014 on the subject.
View all announcements for PUNJ LLOYD LTD.	Source: BSE India

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