Outcome of the Board Meeting held on May 30, 2011

  • Sub: Audited financial results and consolidated financial results for the year ended March 31, 2011
  • Ref: Clause 41 of the listing agreement. Scrip code 533339

The audited financial results, consolidated and standalone for the year ended March 31, 2011 approved by the Board of Directors on its meeting held on May 30, 2011

The Board of Directors of the Company at its meeting held on May 30, 2011, inter alia, has transacted the following:

  • 1. Recommended a final dividend of Rs. 1.50/- per equity share of face value of Rs. 10/- each for the financial year 2010-11.
  • 2. Resignation of Sri. Colonel Satish as Vice President-Technical.
  • 3. Resignation of Sri. Vishnu V. Yarmaneni as Vice President - Finance.
  • 4. Appointment of Sri. Satyanarayana as General Manager-Finance.