1. Declared First Interim Dividend of Re. 0.70/- (i.e. 14%) per Equity Share of Rs. 5/- each of the Company. The said dividend will be paid on or after 23 August 2014 to the persons whose name appears in the register of members as provided by Registrar and transfer Agent of the Company on the Book Closure.
2. The Board considered and approved the opening of the Wholly Owned subsidiary in US.