Titagarh Wagons has informed that the Board of Directors of the Company at its meeting held on August 12, 2015, has approved in-principle, merger of some of the subsidiaries including, Titagarh Marine Limited (TML) with the Company subject to necessary compliances In this regard and authorised the Merger & Acquisition Committee to get a detailed Scheme and other data prepared on the subject for further consideration of the matter; and Recommended dividend at the rate of 40% on the Equity Shares of Rs 2 each fully paid up subject to declaration by the shareholders at the ensuing Annual General Meeting.
The above information is a part of company’s filings submitted to BSE.
