Britannia Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2008, inter alia, has recommended to the members of the Company the declaration of Dividend on the issued and paid up Share Capital of the Company for the year ended March 31, 2008 at the rate of Rs 18/- per equity share of Rs 10/- each (Rupees Eighteen per share only).
Britannia Industries Ltd has informed BSE that Mr. Georges Casala resigned as a director from the Board of the Company. The resignation was accepted by the Board at its meeting held on May 28, 2008.
Further Mr. Philippe Loic Jacob has been appointed as an Additional Director on the Board of the Company.
Britannia Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 28, 2008, inter alia, to transact the following:
1. Consider and approve the audited accounts of the Company for the year ended March 31, 2008.
2. To recommend to the Members of the Company the payment of dividend, if any, on the Company’s Equity Share Capital for the year ended March 31, 2008.
Britannia Industries Ltd has informed BSE the Company had offered a Voluntary Retirement Scheme to all the workmen at the Company’s manufacturing unit at M.T.H. Road, Padi, Chennai ? 600 050. The same has been accepted by a large majority of the workmen. Consequently, manufacturing operations at the said unit have been suspended effective April 07, 2008.