Patels Airtemp India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2011, inter alia, has approved the following:
1. The Board of Directors of the Company has recommended dividend Rs. 2.00 per share on the share of Rs. 10.00 each @ 20% on the equity shares.
2. The Board has approved the appointment of Shri Narayanbhai G. Patel as Managing Director of the Company for a further period of five years w.e.f. July 14, 2011 and also approved the resignation and appointment of Shri Sanjivkumar Patel as Whole Time Director of the Company w.e.f. April 01, 2011.
Sensex
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Sunday, May 29, 2011
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