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State-owned PTC India has sought shareholders’ approval to pay a dividend of 22 per cent — Rs 2.20 per equity share of Rs 10 each — for 2014—15 at its annual general meeting scheduled for September 24.
“Dividend at the rate of 22 per cent is hereby declared for 2014-15,” the company said in a BSE filing.
It is also proposed to appoint Arun Kumar as Whole-time Director who will be designated as Director (Finance) & CFO of the company from June 16, 2015, till December 13, 2017.
Besides, the company has also sought shareholders’ approval to appoint a Director in the place of Hemant Bhargava, who retires by rotation.
The company board has proposed through a special resolution to appoint Anil Kumar Agarwal as the Non-Executive Nominee Director.
It is also suggested that Ajit Kumar and Rajib Kumar Mishra be appointed as Whole-time Director.
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