Board of HIL declares interim dividend

Of Rs 10 per share

HIL announced that the Board of Directors of the Company at its meeting held on 16 September 2014, inter alia, has approved the following:

1. Interim Dividend:

The Board of Directors of the Company declared an Interim Dividend @ Rs. 10/- per share (100% on the equity shares of the face value of Rs. 10/- each) for the financial year 2014-15.

The interim dividend will be paid / warrants will be dispatched by 27 September 2014.

2. Resignation of Managing Director:

Abhaya Shankar, Managing Director of the Company has on 16 September 2014 tendered his resignation as Managing Director and Director of the Company to the Board during the Board Meeting. The Board has accepted the same and Abhaya Shankar would be relieved on 22 September 2014.

The Board placed on record its appreciations for the hard work and dedication of Abhaya Shankar as a Managing Director since February, 2008. Till the new Managing Director is appointed the Management Committee comprising of senior managers will run the day to day operations of the Company.

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