Gillanders Arbuthnot & Company has informed that the Board of Directors of the Company at its meeting held on May 29, 2012, has decided / approved that D. K. Sharda, Managing Director has been re-designated as Managing Director and Chief Executive Officer (CEO) of the Company with immediate effect .
Further the board recommended the payment of dividend of Rs. 8 per share on 2,00,000, 8% Redeemable Cumulative Preference shares of Rs. 100 each and Re. 0.50 per share i.e. 5% as dividend on 2,13,42,346 fully paid up Ordinary shares of Rs. 10 each.
The above information is part of company’s filing submitted to the BSE.
