Jyothy Laboratories Ltd has informed that the Board of Directors of the Company at its meeting held on May 23, 2012 inter alia, has transacted the following:
Recommended Dividend of Rs. 2.50 (Rupees Two and Paise Fifty Only) per equity shares of Re.1/- each for the financial year ended March 31, 2012. The payment of dividend is subject to approval of shareholders at the ensuing Annual General Meeting.
Declared issue of Bonus Shares, subject to approval of the shareholders in the ensuing Annual General Meeting, in the ratio of 1:1, i.e., issue of 1 (One) Bonus Equity Share for every 1 (One) Equity share that shall be held by the shareholders as on the Record Date, which will be decided by the Board after conclusion of the ensuing Annual General Meeting. These Bonus Shares shall be entitled to dividend that may be declared for the financial year 2012-13 and thereafter.
Appointed S. Raghunandan as Whole-Time Director and Chief Executive Officer of the Company with effect from May 23, 2012.
Appointed Ramakrishnan Lakshminarayanan as Additional Director (Independent Director) of the Company with effect from May 23, 2012.
Jyothy Labs appoints S. Raghunandan as CEO, Director
Jyothy Laboratories Q4 Net Profit up 21%