Shardul Securities Ltd: Board recommends Final Dividend

Shardul Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2011, inter alia, were transacted the following business:

1. Recommendation of Final Dividend @ 12% (Rupee 1.2 per equity share) subject to approval of members of the Company.

2. Recommendation of reappointment of Mr. Bhupendra Shroff, who retires by rotation, as Director of the Company.

3. Recommendation of reappointment of Mr. Gyandeo Chaturvedi, who retires by rotation, as Director of the Company.

4. Recommendation of reappointment of M/s. Rajen Damani & Associates as the Statutory Auditors of the Company.