Corporate Announcement
Security Code : 517214    Company : DIGISPICE    
Outcome of Board MeetingDownload PDF
  Exchange Disseminated Time     
Spice Mobility Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on August 27, 2014, inter alia, transacted the following matters:

1. With a view to drive business growth, the Board of Directors has decided not to recommend any further dividend for the financial year 2013-14, apart from the interim dividend already paid in November, 2013. The said interim dividend will be treated as final dividend for the financial year 2013-14.

2. Financial Year: With a view to align with the requirement of the Companies Act, 2013, the Board has decided to close the current financial year on March 31, 2015 and accordingly the current financial year will be of 9 months i.e. from July 01, 2014 to March 31, 2015.

3. Appointment of CEO: Mr. Prashant Bindal has been appointed as the CEO of the Company w.e.f. August 27, 2014.

4.Reconstitution of the Corporate Social Responsibility (CSR) Committee: The Board has decided to reconstitute the CSR Committee.


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