Corporate Announcement
Security Code : 513097    Company : SHBCLQ    
 
Outcome of Board MeetingDownload PDFDownload XBRL
  Exchange Received Time  12/02/2019 16:06:18         Exchange Disseminated Time   12/02/2019 16:06:23              Time Taken   00:00:05
Sub: Intimation under Regulation 30 & 33 of SEBI (LODR) Regulations, 2015

1) Un-Audited Standalone Financial Results of the Company for the quarter & nine months ended December 31, 2018 along with Audit Report thereon.

2) Outcome of the Board Meeting held on Today i.e 12th February, 2019.

Dear Sir/Madam,

In compliance of Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. 12th day of February, 2019 has inter alia considered and approved the following:

1. The Board has approved Un-audited Financial Results of the Company as per Indian Accounting Standards (IND-AS) for the quarter and nine months ended December 31, 2018. Copy of the aforesaid results along with the Limited Review Report is enclosed herewith.
2. The Board has declared an Interim Dividend @15% i.e. Rs. 0.30/- per equity share of face value of Rs. 2/- each for the F.Y. 2018-19.
3. The Board has approved the revision in the managerial remuneration of Mr. S.S. Sandhu, Chairman & Whole Time Director of the Company w.e.f. January 01, 2019 subject to the approval of the shareholders of the Company in the upcoming General Meeting.
4. The Board has approved the revision in the managerial remuneration of Mr. N.S. Ghumman, Managing Director of the Company w.e.f. January 01, 2019 subject to the approval of the shareholders of the Company in the upcoming General Meeting.

In terms of Regulation 30, it may further be noted that Board meeting commenced at 11.00 A.M. (IST) and concluded at 04.00 P.M. (IST).
 

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