Surana Ventures has informed that the board of directors of the company at its meeting held on May 06, 2013, has accorded their approval for recommendation of dividend at the rate of 10% (Rs. 1.00 per Equity Share) for the year 2012-13, on the paid-up Equity Share Capital of the Company Rs. 246,033,000 comprising of 24,603,300 Equity Shares of Rs. 10 each and accepted the resignation of Harish Nair, Director of the Company with effect from May 06, 2013.
Further, the board has approved to divest the Company’s entire stake in wholly owned subsidiary M/s. Surana Solar Systems Private Limited, thereby ceasing it to be the Company’s subsidiary.
The above information is a part of company’s filings submitted to BSE.
