Held on 12 May 2017
S H Kelkar & Company announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has transacted the following -Considered the buyback proposal and decided to not to opt for share buyback at this point in time.
Recommended final dividend of Rs 1.75 per share.
Approved proposal to make an equity investment of Rs 4 crore in Keva Chemicals (subsidiary) to revive business activities through the said subsidiary.
The Board considered and accepted the resignation of Tapas Mujumdar as EVP and Group CFO.
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