KALYANI FORGE LTD. - Board recommends Dividend

Kalyani Forge Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2016, has approved the following<BR><BR>1. The Board of Directors has recommended dividend for the current year of Rs. 2 per equity share (nominal value Rs. 10/- per equity share) subject to approval of members at the ensuing Annual General Meeting of the Company.<BR><BR>2. The Company at its meeting concluded at 4.15 p m. has appointed of M/s. K S Aiyar; Chartered Accountants, Mumbai as Statutory Auditors of the Company subject to approval of shareholders in the ensuing Annual General Meeting for a period of 5(five) years w.e.f. AGM date.<BR><BR>3. The Company at its meeting concluded at 4.15 p.m. has appointed of R.A. Chincholkar & Co. Cost Accountants as Cost Auditors of the Company subject to approval of shareholders in the ensuing Annual General Meeting till conclusion of next Annual General Meeting w.e.f. AGM date.<BR><BR>4. The Company at its meeting concluded at 4.15 p.m. has appointed of NMK and Associates; Company Secretaries as Secretarial Auditor of the Company for the year 2016-17.<BR><BR>5. The Company at its meeting concluded at 4.15 p.m. has appointed of Altus Global Advisors LLP & M/s. C.S. Adawadkar & Co, Cost Accountants as Internal Auditor of the Company for the year 2016-17.