Veto Switchgears and Cables Limited recommended final dividend of INR 1.50 per share having face value of INR 10 per share, subject to approval of shareholders at general meeting for the financial year ended March 31, 2016.

The board also announced the appointment of Narain Das Gurnani as the Additional Director cum Chief Financial Officer of the company and resignation of Dinesh Gurnani, Whole time Director cum Chief Financial Officer, with effect from May 24, 2016.