Triveni Engineering & Industries Ltd has informed that the Board of Directors of the Company at its meeting held on November 19, 2008, inter alia, has considered the following:
1. Appointed Mr. Tarun Sawhney and Mr. Nikhil Sawhney, both Sons of Mr. Dhruv M Sawhney, Chairman & Managing Director of the Company as Additional Directors on the Board of the Company effective from November 19, 2008. They will act as Wholetime Directors. The Board also fixed their remuneration subject to approval of the shareholders by a special resolution at the ensuing Annual General Meeting.
2. Recommended dividend @ 60% (Re 0.60 per fully paid up Equity Share of Rs 1/- each) on the equity share capital of this Company for the financial year ended September 30, 2008 which, if declared at the forthcoming Annual General Meeting (AGM).
1. Appointed Mr. Tarun Sawhney and Mr. Nikhil Sawhney, both Sons of Mr. Dhruv M Sawhney, Chairman & Managing Director of the Company as Additional Directors on the Board of the Company effective from November 19, 2008. They will act as Wholetime Directors. The Board also fixed their remuneration subject to approval of the shareholders by a special resolution at the ensuing Annual General Meeting.
2. Recommended dividend @ 60% (Re 0.60 per fully paid up Equity Share of Rs 1/- each) on the equity share capital of this Company for the financial year ended September 30, 2008 which, if declared at the forthcoming Annual General Meeting (AGM).
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