Torrent Power shareholders to vet dividend proposal on Aug 1

Shareholders of Torrent Power will consider a proposal for a dividend of Rs 2.20 per share for 2016-17 at its annual general meeting on August 1.
The ordinary resolution to declare a dividend of Rs 2.20 per share of the company for the "financial year ended March 31, 2017, is listed on the agenda of its annual general meeting scheduled on August 1, 2017", Torrent Power said in a BSE filing today.
The members will consider and adopt the financial statements for 2016-17.
The proposal of appointment of Pankaj Joshi, an IAS officer of the Gujarat government, as director of the company will also be taken up.

Torrent Power is into the business of power generation as well as distribution with interests in manufacturing and supply of power cables.