Held on 12 August 2015
Titagarh Wagons announced that the Board of Directors of the Company at its meeting held on 12 August 2015, inter alia, has:1. Approved in-principle, merger of some of the subsidiaries including, Titagarh Marine (TML) with the Company subject to necessary compliances in this regard and authorised the Merger & Acquisition Committee to get a detailed Scheme and other data prepared on the subject for further consideration of the matter; and
2. Recommended dividend at the rate of 40% on the Equity Shares of Rs. 2/- each fully paid up subject to declaration by the shareholders at the ensuing Annual General Meeting.
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