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Thursday, May 26, 2011

VA Tech Wabag Ltd: Board recommend Dividend & Sub-Division of Shares

VA Tech Wabag Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has transacted the following:

1. The Directors have recommended dividend of Rs. 10/- (Rupees Ten only) per Equity Share of Rs. 5/- each (i.e. 200%) on the paid up equity capital of the Company.

2. The Board of Directors have also approved a proposal to sub-divide each ordinary (Equity) share of face value of Rs. 5/- each fully paid up in the Equity share capital of the Company into face value of Rs. 2/- each fully paid up.

3. Appointed Mr. Rajiv Balakrishnan as the Company Secretary & Compliance Officer of the Company, effective
from June 01, 2011. Consequent to this, Mr. S. Ramasundaram will cease to be the Company Secretary & Compliance Officer of the Company, effective from May 31, 2011.

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