Morganite Crucible India Ltd. announced that the Board of Directors of the company at its meeting held on May 25, 2015, the Board has recommended a dividend of 10% on equity shares for the financial year ended March 31, 2015.

The company announced that Aniruddha Karve is appointed as Managing Director of the company for a term of 3 (Three) years effective from July 01, 2015 to June 30, 2018 on such remuneration as may be decided between the company and Mr. Aniruddha Karve subject To Approve the members in the General Meeting and subject To Approve the Central Government and such other consents and permission as may be necessary.