SNL BEARINGS LTD. - 505827 - Outcome Of Board Meeting - May 31, 2021
We hereby inform you that the Board of Directors of the Company at its meeting held today, i.e. on Monday, May 31, 2021, inter-alia, considered and: 1. Approved the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2021, along with the Report, as submitted by the Statutory Auditors of the Company. 2. Recommended Final Dividend of Rs. 4.50/- (Four Rupees and Fifty Paisa only) i.e. 45% (Forty-Five percent) per equity share of Rs. 10/- each fully paid up, for the financial year ended March 31, 2021, subject to the approval of the members at the ensuing Annual General Meeting. 3. Approved the appointment of Mr. Kaiyomarz Minoo Marfatia (DIN No. 03449627), as an Additional Director on the Board of the Company in the category of Non-Executive and Independent Director for a period of 5 (five) consecutive years from the date of his appointment (i.e. w.e.f May 31, 2021). Kindly take the same on record.31-05-2021