Rain Commodities Ltd Declares Interim Dividend for the Financial Year Ending December 31, 2014; Appoints Radhika Haribhakti as Additional Independent Woman Director
November 06, 2014 at 04:44 pm IST
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Rain Commodities Ltd. announced that the board of directors of the company at its meeting held on November 06, 2014, declared an interim dividend of INR 1.00 per equity share (i.e., 50% on a face value of INR 2/- per equity share fully paid up) for the financial year ending on December 31, 2014.
The company also announced that it has appointed Ms. Radhika Haribhakti as an Additional Director (Independent Woman Director) with effect from November 06, 2014.
Rain Industries Limited is an India-based company that is engaged in the business of manufacture and sale of carbon, advanced materials and cement. Its segments include Carbon, Advanced Materials and Cement. The Carbon segment consists of Calcined Petroleum Coke, Coal Tar Pitch, Green Petroleum Coke, and other derivates of coal distillation, including creosote oil, naphthalene, carbon black oil, and other basic aromatic oils. The Advanced Materials segment includes the downstream operations of coal tar distillation and consists of engineered products, petrochemical intermediaries, naphthalene derivatives and resins. The Cement segment includes Ordinary Portland Cement (OPC) and Portland Pozzolana Cement. Its range of products serves as raw materials for a range of industries, such as aluminum, carbon black, refractory, specialty chemicals, coatings and construction. The Company's subsidiaries include Rain Cements Limited, Renuka Cement Limited, and Rain Carbon Inc.
Rain Commodities Ltd Declares Interim Dividend for the Financial Year Ending December 31, 2014; Appoints Radhika Haribhakti as Additional Independent Woman Director