Havells India Limited Recommends Dividend for the Fiscal Year 2019; Appoints Siddhartha Pandit, as an Additional Director on the Board of Directors
May 29, 2019 at 02:49 am
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Havells India Limited announced that at its Board Meeting held on May 29, 2019, decided to recommend a Dividend at the rate of INR 4.50 per equity share of INR 1 each for the fiscal year 2019. The Dividend, if approved by the shareholders in the forthcoming Annual General Meeting (AGM) of the Company, shall be paid/dispatched to the shareholders on or before 30 days from the date of AGM.
Upon the recommendation of the Nomination and Remuneration Committee, the Board of Directors, has appointed Mr. Siddhartha Pandit, Head-Legal, as an Additional Director on the Board of Directors of the Company, with effect from 29th May, 2019 to hold office upto the next AGM of the Company. The Board of Diorectors have further subject to the approval of shareholders in the next AGM of the Company, appointed Mr. Siddhartha Pandit as a Wholetime Director for a period of 3 years.
Havells India Limited is an India-based fast moving electrical goods (FMEG) company. The Company is also engaged in the manufacturing of power distribution equipment. The Companyâs products include industrial and domestic circuit protection devices, cables and wires, motors, fans, modular switches, home appliances, air conditioners, electric water heaters, power capacitors, luminaires for domestic, commercial, and industrial applications. The Company has brand showroom in the electrical industry, namely Havells Exclusive Brand Stores. It has approximately 700+ Havells Exclusive Brand Stores across the country, which helps customers, both domestic and commercial, to choose from a variety of products for different applications. The Company also offers door-step service via its initiative Havells Connect. It owns various brands, Havells, Lloyd, Crabtree and Standard. Its network constitutes of approximately 4000 professionals, over 14000 plus dealers and 35 branches in the country.
HAVELLS INDIA LIMITED 
