HEG LTD. - Board recommends Dividend

HEG Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 21, 2014, inter alia, has transacted the following:<br/><br/>1. Recommended payment of dividend at the rate of Rs. 6 (Rupees Six Only) per Equity Share of Rs. 10/- each for the year ended March 31, 2014, subject to the approval of shareholders of the Company.<br/><br/>2. The dividend on Equity shares, if declared at the Annual General Meeting shall be paid / dispatched to the shareholders between September 10, 2014 and September 13, 2014.<br/><br/>3. Shri L. N. Jhunjhunwala has resigned from the Directorship of the Company vide his letter dated April 21, 2014.<br/><br/>4. The Board has renamed the existing Shareholders Grievance/Stakeholders Relationship Committee as "Stakeholders' Relationship Committee". The Composition of the said Committee is as under:-<br/><br/>(i). Name of Director : Shri Riju Jhunjhunwala<br/>Designation : Chairman<br/>Category : Non-Executive Promoter Director<br/><br/>(ii). Name of Director : Shri Ravi Jhunjhunwala<br/>Designation : Member<br/>Category : Executive Promoter Director<br/><br/>(iii). Name of Director : Dr. Kamal Gupta<br/>Designation : Member<br/>Category : Non-Executive Independent Director.