Kirloskar Industries Ltd - Outcome of Board Meeting

Kirloskar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2016, inter alia, has transacted the following:<BR><BR>1. Interim Dividend of 200% (i.e. Rs. 20/- per equity share of Rs. 10/- each) for the Financial Year 2015-16, paid on March 30, 2016, shall be considered as Final Dividend.<BR><BR>2. Based on the recommendation of the Nomination and Remuneration Committee, Mr. Mahesh Chhabria, has been co-opted as an Additional Independent Director of the Company with effect from May 24, 2016.<BR><BR>3. Mr. Mahesh J. Risbud, Company Secretary in Practice, has been appointed as the scrutinizer for the e-voting for the forthcoming Annual General Meeting under Regulation 44 of the Regulations and Companies (Management and Administration) Amendment Rules, 2015.