Huhtamaki PPL board recommends dividend

Huhtamaki PPL has informed that the Board of Directors of the Company at its meeting held on February 16, 2016, has considered and approved the recommendation of payment of dividend at Rs 2.80 per Equity share of face value of Rs 2 each at the rate of 140%), for the financial year ended 31st December, 2015, subject to the approval of the shareholders at the ensuing Annual General Meeting; and Resignation of Anil Kale as Managing Director of its wholly owned subsidiary, Positive Packaging Industries Limited with effect from 29th February, 2016 and approved the appointment of A Venkatrangan as Managing Director, in his place, effective 1st March, 2016.

The above information is a part of company’s filings submitted to BSE.