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| Exchange Received Time 22/05/2019 16:19:01 Exchange Disseminated Time 22/05/2019 16:19:08 Time Taken 00:00:07 |
Pursuant to Regulation 30 of the SEBI (Listing Obligations and disclosure requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held today, inter alia, considered the following:
1. Approved the Audited Financial Results for the quarter and year ended March 31, 2019 together with unmodified opinion and Auditors' Report thereon from our Auditors, M/s Mookherjee Biswas & Pathak, Chartered Accountants.
2. Recommended a dividend of 70% (i.e. Rs. 1.40 per equity share of face value of Rs. 2 each) for the financial year ended March 31, 2019, subject to the approval of the shareholders at the ensuing Annual General Meeting.
3. Dr Niren Suchanti was reappointed as Chairman & Managing Director without any remuneration for a further period of one year w.e.f. 5th July, 2019, subject to approval of the shareholders at the ensuing Annual General Meeting.
4. Ms Paulami Mukherjee, ACS was appointed as Company Secretary and Compliance Officer w.e.f. 22nd May, 2019. She is a commerce graduate and an associate member of the Institute of Company Secretaries of India, having Membership No. 49780. She has 4 years of experience as a Company Secretary.
A copy of the Audited Financials Results for the quarter and year ended March 31, 2019 alongwith Auditors' Report and Declaration in respect of unmodified opinion in audit report are enclosed for your records.
The meeting of the Board of Directors commenced at 2:00 pm and concluded at 4:15 pm.
The above information is being given to you in terms of the Listing Regulations.
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