Damodar Industries Limited announced that at the board meeting held on May 29, 2017, the board approved the appointment of Mr. R. Kumar as CFO and key managerial personal of the company with effect from May 29, 2017.

The board of directors of the company has recommended final dividend of INR 2.80 per equity shares of INR 10 each for the financial year 2016-2017, subject to approval at the upcoming annual general meeting.