Balkrishna Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2011, inter-alia, took the following decisions:
1. The Board has recommended payment of Dividend of Rs. 1.40/- per Share (70%) on the Equity Shares of Rs. 2/- each (face value), for the year ended March 31, 2011, subject to the approval of the Shareholders of the Company.
2. The Board has approved the re-appointment of Shri Arvind M Poddar, Vice Chairman and Managing Director of the Company w.e.f. August 01, 2011 to July 31, 2016, subject to the approval of die Shareholders of the Company.
Sensex
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Friday, May 20, 2011
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