Held on 22 January 2015
Mastek announced that the Board of Directors of the Company at its meeting held on 22 January 2015, inter alia, has transacted the following:1. Approved payment of Interim dividend @ Rs 1.50/- per share of Rs. 5/- each i.e. (30%). The said dividend will be paid to eligible shareholders on or after 07 February 2015 and before 20 February 2015.
2. Recommended the variation in terms of remuneration payable to Sudhakar Ram, Managing Director & Group CEO of the Company for approval of the shareholders of the Company.
3. Recommended appointment of S. Sandilya, Priti Rao and Atul Kanagat as Independent Directors of the Company under Section 149 of the Companies Act 2013, for approval of the shareholders of the Company.
4. Decided to hold Extra Ordinary General Meetings of the Shareholders, Creditors of the Company as per directors of the Court in connection with Scheme of Arrangement and for approval of businesses mentioned in (2) and (3) above.
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