Arihant Superstructures has informed that the Board of Directors of the Company at its meeting held on April 30, 2016, has Noted the Omnibus approval granted by Audit Committee for all proposed realty part transaction for the financial year 2016-17, the Board recommended a Final Dividend of Re 0.90 for the Financial Year 2015-16, the Board re-appointment MPK & Associates, Chartered Accountants as the Internal Auditors for Financial Year 2016-17, Approved the remuneration payable to Nimish Shah for year 2016-17,as recommended by the Nomination & Remuneration Committee, the Board granted its approval for dis-investment of 30% of the existing shareholding in the Shares in Arihant Technoinfra Private Limited, associate Company, and the Board approved to undertake the matter of conducting Postal Ballot in the matter of amalgamation of Adeshwat Realty Private Limited with Arihant Superstructures and the calendar of events and scrutinizer for the same.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
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| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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