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SHIVAM AUTOTECH LTD. - Board recommends Final Dividend
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30 May 2014
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:&lt;br/&gt;&lt;br/&gt;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.&lt;br/&gt;&lt;br/&gt;2. The Board has taken on record the Secretarial Audit Certificate for the quarter ended March 31, 2014 as per SEBI guidelines.&lt;br/&gt;&lt;br/&gt;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.&lt;br/&gt;&lt;br/&gt;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.&lt;br/&gt;&lt;br/&gt;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.&lt;br/&gt;&lt;br/&gt;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.&lt;br/&gt;&lt;br/&gt;7. The Board has decided to set up Corporate Social Responsibility (CSR) Committee of the Board.&lt;br/&gt;&lt;br/&gt;8. The Board has identified Key Managerial Personel as per Section 203 of the Companies Act, 2013&lt;br/&gt;&lt;br/&gt;9. The Board has appointed Independent Directors as per Section 149(4) of the Companies Act, 2013,&lt;br/&gt;&lt;br/&gt;10. The Board has reconstituted Audit Committee as per Section 177 of the Companies Act, 2013,&lt;br/&gt;&lt;br/&gt;11. The Board has reconstituted Nomination and Remuneration Committee and Stakeholders Relationship Committee as per Section 178 of the Companies Act, 2013.
View all announcements for SHIVAM AUTOTECH LTD. Source: BSE India