Precision Wires India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2011, inter alia, transacted the following business :
1. A Final Dividend of @ Rs. 3.60 (36%) per equity share of the face value of Rs. 10/- each fully paid, was recommended for the Financial Year ended March 31, 2011. Interim Dividend @ Rs. 2.40 (24%) was declared on August 31, 2010 & paid for the said Financial year. Thereby Total Dividend recommended for the said Financial Year is Rs. 6.00 Per equity share (60%).
2. On the recommendation of the Remuneration-cum-Selection Committee of the Board & subject to the approval of the Company at the next AGM, the Board of Directors have re-appointed Shri. Mahendra R. Mehta, Chairman & Managing Director for a period of 3 (Three) year with effect from October 01, 2011.
Sensex
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Monday, May 16, 2011
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