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Rane (Madras) announced that the Board of Directors of the Company at its meeting held on 21 May 2015, inter alia, has transacted the following:
- The Board of directors has declared an interim dividend at the rate of 6.74% on the 82,32,164 fully paid-up cumulative redeemable preference shares of Rs. 10/- each amounting to Rs. 0.56 crores.
Further the Company has informed that, the office of Chief Executive Officer (CEO) held by S. Parthasarathy has been recognized as a Key Managerial Personnel, effective 01 April 2015, for the purpose of Section 203 of the Companies Act, 2013.
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