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Rishabh Digha Steel & Allied Products board recommends dividend
Date: 03-09-2012Rishabh Digha Steel & Allied Products has informed that the board of directors of the company at its meeting held on August 31, 2012, has decided to recommend for the approval of the members of the company final dividend of Rs. 1.50 per share (i.e. 15%) for the year ended March 31, 2012 on 5486400 equity shares of Rs.10 each aggregating to Rs.82,29,600.
Further, the board decided to recommend for the approval of the members of the company for re-appointment of Ashok M. Mehta as managing director and Yash A. Mehta as executive director - Marketing of the company for a further period of 3 years with effect from November 01, 2012 as his term of appointment will expire on October 31, 2012.
The above information is a part of company's filings submitted to BSE.