Banco Products (India) Ltd. announced that the board of directors of the company at its meeting held on February 13, 2015, the board declared interim dividend of INR 0.50 per equity shares of face value of INR 2/- each that is 25% for the financial year ending on March 31, 2015.

The board also approved the appointment of Shri. Devesh A. Pathak and Shri Udayan P. Patel as additional independent directors of the company with effect from February 13, 2015. The board also approved the appointment of Ms. Himali H. Patel as the chief financial officer of the company with effect from February 13, 2015. The board approved the appointment of Ms. Himali H. Patel as an additional women director and whole time director of the company with effect from February 13, 2015; and the board approved the appointment of Shri Deepkumar Vaghela as the company secretary and compliance officer of the company with effect from February 13, 2015, in place of previous company secretary.