SONA KOYO STEERING SYSTEMS LTD. - Board recommends Dividend

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SONA KOYO STEERING SYSTEMS LTD. - Board recommends Dividend

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30 May 2014
Sona Koyo Steering Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2014, inter alia, has recommended the dividend for the year ended March 31, 2014 at the rate of 80% on 19,87,41,832 nos. of Equity Shares of Re. 1/- each for the year ended March 31, 2014. The dividend on Equity Shares, If declared, at the forthcoming Annual General Meeting, will be credited / dispatched to the shareholders of the Company between September 29, 2014 to October 08, 2014.<br/><br/>Further, In the aforesaid Board Meeting, the Board of Directors have also consented to the following;<br/><br/>1. Cessation of Mr. Hiroyuki Miyazaki as Director of the Company with effect from May 30, 2014.<br/><br/>2. Cessation of Mr. Keiichi Sakamoto as alternate director to Mr. HiroyukI Miyazaki.<br/><br/>3. Appointment of Mr. Hidekazu Omura as an Additional Director on the Board of the Company with effect from May 30, 2014 (Nominee of JTEKT Corporation, Japan).<br/><br/>4. Reappointment of Mr. Sunjay Kapur as Managing Director, with remuneration, of the Company for a further period of three years with effect from October 22, 2014.<br/><br/>The Board of Directors in their aforesaid meeting also took effect of the Orders passed by the Honble High Courts of Delhi and Chandigarh sanctioning the Scheme of Amalgamation between Sona Stampings Limited (Amalgamating Company) and Sona Koyo Steering Systems Limited (Amalgamated Company).
View all announcements for SONA KOYO STEERING SYSTEMS LTD.	Source: BSE India

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