Indsil Hydro Power and Manganese Ltd. announced that the Board of Directors of the Company at its meeting held on August 27, 2014 has taken on record the resignation of Dr. Rama lyer, Independent Director who resigned from the Board vide his letter dated May 27, 2014 and Dr. T. C. P. Nambiar was co-opted to the Board as an Independent Director subject to the approval of the shareholders in the forthcoming Annual General Meeting.

At its meeting held on August 27, 2014, the Board has also recommended a dividend of 12% for the financial year 2013-14 subject to the approval of the shareholders in the upcoming Annual General Meeting.