India Glycols Limited Declares Interim Dividend for the Year Ending March 31, 2020, Payable on or Before March 31, 2020; Appoints Shukla Wasson as an Additional Director, Effective April 1, 2020
March 03, 2020 at 04:52 pm IST
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The board of directors of India Glycols Limited meeting held on March 3, 2020, declared an interim dividend of INR 6 per equity share (@60%) of face value of INR 10 each for the financial year ending March 31, 2020. The record date remains the same i.e. March 12, 2020 and interim dividend will be paid/dispatched on or before March 31, 2020 to those members of the company whose names would appear on the Register of Members and to the beneficial owners whose particulars would be furnished by the Depositories as on the Record Date.
The board also approved appointment of Ms. Shukla Wasson as an Additional Director (in the capacity of Independent Director) on the Board of the Company, on recommendation of the Nomination & Remuneration Committee of the Company, for a term of five consecutive years with effect from April 1, 2020, subject to the approval of Members of the Company. Ms. Shukla Wasson aged 60 years is a graduate in Commerce (Honors) & Law from Calcutta University, Fellow Member of Institute of Company Secretaries of India and Member of the Chartered Institute of Arbitrators, UK. During her rich and diverse career spanning over 3 decades, she has been a part of the Corporate Management Team of multinational companies- Hindustan Coca-Cola Beverages Pvt Ltd, Reckitt Benckiser Ltd, Xerox India Ltd. & Max New York Life Insurance Co. Her wide-ranging areas of expertise includes Joint Venture, Refranchising, Strategic Alliances, Fund Structuring, Intellectual Property, Indirect Taxation, Competition Law, Arbitration, Corporate Governance, POSH and Corporate Social Responsibilities.
India Glycols Limited is an India-based company, which is engaged in manufacturing green technology-based bulk, specialty and performance chemicals and natural gums, spirits, industrial gases, sugar and nutraceuticals. The Company's segments include Bio-based Specialities and Performance Chemicals, Potable Spirits, and Ennature Biopharma. The Bio-based Specialities and Performance Chemicals segment comprises glycols, specialty chemicals, natural gum and other related goods. The Potable Spirits segment is engaged in the manufacturing and sale of ethyl alcohol (potable). The Ennature Biopharma segment is engaged in the manufacturing and sale of nutraceutical products. It has a product range that covers a variety of specialties and herbal products, such as nutraceuticals, phytochemicals, biopolymers, mainly Polygalactomannans, industrial gases and liquor. It serves various industries, such as automotive, detergents, healthcare and food processing, mining, and oil and gas, among others.
India Glycols Limited Declares Interim Dividend for the Year Ending March 31, 2020, Payable on or Before March 31, 2020; Appoints Shukla Wasson as an Additional Director, Effective April 1, 2020