We hereby inform that the Board of Directors of the Company at their Meeting held today, inter-alia, has taken the following decisions:
i. Audited Financial Results
Considered and approved the Audited Financial Results (Standalone and Consolidated) of the Company along with Audit Report, for the quarter and financial year ended March 31, 2023.
ii. Dividend
Recommended a dividend of 300 % (? 3/- per equity share of ? 1 each) for the financial year ended March 31, 2023, subject to the approval of shareholders in the ensuing Annual General Meeting of the Company.
iii. Re-appointment of Independent Director
On recommendation of the Nomination and Remuneration Committee, re-appointed Mr. Ashok Bhandari (DIN: 00012210) as the Non-Executive Independent Director of the Company, for the second term of 5 (five) consecutive years, w.e.f. August 10, 2023
The meeting of Board of Directors commenced at 2:45 p.m. and concluded at 5.50 p.m.
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