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| Exchange Received Time 26/04/2018 14:55:35 Exchange Disseminated Time 26/04/2018 14:55:42 Time Taken 00:00:07 | This is to inform that, the Board of Directors of the Company at their meeting held today i.e on April 26, 2018 that commenced at 12:00 Noon and concluded at 2:30 PM inter-alia has:
1. Considered and approved Audited Financial Statements and the Audited Financial Results for the quarter and year ended March 31, 2018 along with Auditors Report and Directors Report thereon.
2. Taken note of Certificate given by Managing Director & CEO and Chief Financial Officer of the Company (copy enclosed).
3. Recommended a final dividend @ 125% being an amount equivalent to Rs12.50 per Share on the Equity Share of Rs.10/- each, for the financial year 2017-18, in addition to the interim dividend of Rs.10.00/- per Share declared during the year, for the consideration and approval of Shareholders at the ensuing Annual General Meeting.
4. Approved payment of Rs.106,50,000/- (Rupees One Crore Six Lakhs Fifty thousand Only) as commission among non-Executive Directors of the Company for the FY 2017-18.
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