Of 12%
Indsil Hydro Power & Manganese announced that the Board of Directors of the Company at its meeting held on 27 August 2014, inter alia, has transacted following:1. The Board has recommended a dividend of 12% for the financial year 2013-14 subject to the approval of the shareholders in the ensuing Annual General Meeting.
2. The Board was re-constituted with S. N. Varadarajan as Vice Chairman and B. Balchand as Non-Executive Chairman of the Company.
3. The resignation of Dr. Rama lyer, Independent Director who resigned from the Board vide his letter dated 27 May 2014 was taken on record.
4. Dr. T. C. P. Nambiar was co-opted to the Board as an Independent Director subject to the approval of the shareholders in the forthcoming Annual General Meeting.
5. The Audit Committee and Remuneration Committees were also reconstituted.
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