Kirloskar Pneumatic Board recommends dividend
Kirloskar Pneumatic Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 22, 2008, inter alia, has transacted the following:
1. Recommended dividend @ 70% (Rs 7/- Per Share).
2. Approved the proposal of Employee Stock Option Schemes under the Securities Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 as amended from time to time (the “SEBI Guidelines”) and subject to the approval of the shareholders of the Company under Section 81(1A) and other applicable provisions of the Companies Act, 1956.
3. Renamed Remuneration Committee as Remuneration & Compensation Committee for the implementation and administration of Employee Stock Option Plan.
Tags: Kirloskar Pneumatic