ROTO PUMPS LTD. - Outcome of Board Meeting

Rediff Moneywiz

Hi Guest
Feedback

ROTO PUMPS LTD. - Outcome of Board Meeting

Download	< Back
12 May 2017
We would like to inform that the Board of Directors of the Company at its meeting held on 12.05.2017 has approved standalone/consolidated financial results of the Company for the financial year ended 31.03.2017. We are enclosing herewith standalone/consolidated financial results of the Company for the financial year ended 31.03.2017 and audited standalone/consolidated Statement of Assets and Liabilities as at that date along with report of Statutory Auditors dated 12.05.2017 thereon. The Board also recommended a dividend of ` 0.40/- per Equity Share of ` 2 each (i.e.20%) for the financial year 2016-17. The Board has also appointed Mr. Basant Seth (DIN: 02798529) as a non-executive Independent Director of the Company with effect from 12.05.2017 in the casual vacancy caused due to the resignation of Mr. Vijoy Kumar from the directorship of the Company. Mr. Seth aged 65 years is a Science graduate from Banaras Hindu University, a qualified Chartered Accountant and also has Post Graduate Diploma in Bank Management from National Institute of Bank Management, Pune. Mr. Seth has recently retired as Central Information Commissioner after successfully completing his five years' tenure. Before joining the Central Information Commission, he was a banker. He has served Bank of India for a very long period and later SIDBI. He also served the Syndicate Bank as its Chairman and Managing Director. Mr. Seth has extensive Board level experience having served as Bank of India's nominee on the Board of Indo-Zambian Bank, Zambia and Commonwealth Finance Corporation Ltd Hong Kong besides holding the post of Whole Time Director in SIDBI and Chairman and Managing Director of Syndicate Bank. He has long experience and expertise in Bank Management, Corporate Governance, Financial& Administrative matters.
View all announcements for ROTO PUMPS LTD.	Source: BSE India

ALL MONEYWIZ PAGES