Announcement under Regulation 30 (LODR)-Dividend Updates

• Security Code: 524774
• Company: NGLFINE

This is to inform you that the First Meeting of the Board of Directors of NGL Fine-Chem Limited for the financial year 2019-2020 held at the registered office of the Company on Friday, the May 24, 2019 at 2.00 p.m and concluded at 4.30 p.m, approved the following:

1. Approved Standalone Audited Financial Results along with Statutory Auditors Report for the quarter and year ended 31st March, 2019 pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirement) Regulations.
2. Standalone Statement of Assets and Liabilities as on31st March, 2019.
3. The Board has recommended a final dividend of Rs.1.75 per fully paid up equity share of Rs.5/- each for the financial year ended on 31st March, 2019.
4. Approved the Notice of the ensuing Annual General Meeting along with Director's Report for the financial year 2018-2019.
5. Approved the Venue, Day, date and time of the 38th Annual General Meeting to be held on Friday, 23rd August, 2019.
6. The Board on the recommendations of Nomination & Remuneration Committee approved remuneration of Rs.10/- Lakh per month with 2.5% commission of profit to Mr. Rahul Nachane, Managing Director & Mual General Meeting and payment of final dividend is August 16, 2019. The payment of dividend will be made to the concerned shareholders as on date of book closure from Thursday 29th August, 2019 or onwards, if approved by the shareholders in the ensuing Annual General Meeting.
7. The register of members and share transfer books will remain closed from August 16, 2019 to August 23, 2019 (both days inclusive).