AGC Networks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2011, inter alia, has approved the following:1. Recommendation of DividendThe Board of Directors has recommended a dividend of Rs. 2.25 per share (22.50%) for the approval of Shareholders.2. Establishing a Branch at KenyaThe Board has approved the establishment of a branch in Kenya by the Company, subject to requisite approvals, if any.3. Resignation / Appointment of Director(s) of the CompanyThe Board of Directors of the Company, took note of the resignation of Mr. S. Ramakrishnan, Mr. Anil Batra and Mr Anshuman Ruia from the Directorship of the Company w.e.f. May 21, 2011, Further, the Board appointed Mr. Sujay Rajababu Sheth and Mr. Shuva Mandal as Additional Directors (both Non-Executive & Independent Directors) of the Company w.e.f. May 21, 2011.Source : BSE
