TCI Developers has informed that the Board of Directors of the Company at its meeting held on May 25, 2015, has approved/recommended the payment of preference dividend @ 5 % (Re 0.50 per share of face value of Rs 10 each) on 42, 30,000, Non-Convertible Non-Cumulative Redeemable Preference Shares subject to the approval of shareholders in ensuing annual general meeting of the company and adoption of revised Code of Conduct & Code of Fair Disclosure in line with Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 effective from 15th May, 2015 (Attached vide Annexure B).The separate meeting of independent directors was also held on the same day in which the Independent Directors reviewed the performance of Non-Independent Directors and the Board as a whole & the performance of the Chairperson of the Company taking into account views of executive and non-executive directors.
The above information is a part of company’s filings submitted to BSE.
