Arex Industries Ltd. announced that the Board of Directors of the company at its meeting held on May 29, 2013, recommended a final dividend at 9% or INR 0.90 per equity share subject To Approve the shareholder at the ensuing Annual General Meeting.

The board approved appointment of Shri Neel D Bilgi as the Vice-Chairman & Joint Managing Director (Sales & Marketing) with effect from June 1, 2013, subject to the approval of the Shareholders at the ensuing Annual General Meeting. The board also approved appointment of Shri Chirag D Bilgi as the Vice-Chairman & Joint Managing Director (Production & Technical) with effect from June 1, 2013, subject to the approval of the Shareholders at the ensuing Annual General Meeting.