NCL INDUSTRIES LTD. - Board recommends Final Dividend

NCL Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, has transacted the following:<BR><BR>1. The Board declared final dividend of 10% amounting to Rs. 1/- per Equity share (Face value of Rs. 10/- each) on a capital base of Rs. 3673.28 Lakhs for the Financial year 2015-16. With this, the total dividend declared for the Financial Year 2015-16 stands to 20% (Previous year Nil).<BR><BR>2. The Board approved the elevation of Mr. NGVSG Prasad, CFO as Executive Director w.e.f. May 30, 2016.<BR><BR>3. The Board approved the proposal to set up additional Ready-Mix Concrete Units at Hyderabad and Visakhapatnam.