Shivam Autotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2014, inter alia, has transacted the following business:<br/><br/>1. The Board has recommended a final dividend of Rs. 4.50/- per share (45%) to the shareholders for the year ended March 31, 2014.<br/><br/>2. The Board has taken on record the Secretarial Audit Certificate for the quarter ended March 31, 2014 as per SEBI guidelines.<br/><br/>3. The Board has considered and approved the revision in the remuneration of Mr. Neeraj Munjal, Managing Director of the Company w.e.f. April 01, 2014.<br/><br/>4. The Board has considered and approved the revision in the remuneration of Mrs. Charu Munjal, Whole Time Director of the Company w.e.f. June 01, 2014.<br/><br/>5. The Board has considered and approved the Re-appointment of M/s. Gurdeep Singh and Associates, Cost Accountants, New Delhi as the Cost Auditors of the Company for the Financial Year 2014-15.<br/><br/>6. The Board has reviewed and approved the plan for setting up of two new plants of Company at Bangalore and Rohtak to cater to the Increased / new requirement of the customers.<br/><br/>7. The Board has decided to set up Corporate Social Responsibility (CSR) Committee of the Board.<br/><br/>8. The Board has identified Key Managerial Personel as per Section 203 of the Companies Act, 2013<br/><br/>9. The Board has appointed Independent Directors as per Section 149(4) of the Companies Act, 2013,<br/><br/>10. The Board has reconstituted Audit Committee as per Section 177 of the Companies Act, 2013,<br/><br/>11. The Board has reconstituted Nomination and Remuneration Committee and Stakeholders Relationship Committee as per Section 178 of the Companies Act, 2013.
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