Greaves Cotton Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 21, 2011, inter alia, has transacted the following;1. Declared Second Interim Dividend at the rate of Rs. 0.40 (Paise forty only) per share for the current financial year 2011-12. Thus, including the First Interim Dividend of Rs. 0.40 per share already declared and paid by the Company, the total Interim Dividend so far declared by the Company works out to Rs. 0.80 per share, for the current financial year 2011-12.2. Mr. Prabhakar Dev, Managing Director & CEO of the Company, will retire on November 04, 2011.3. Mr. Sunil Pahilajani has been appointed as Managing Director - Designate effective October 21, 2011 and will take over as Managing Director & CEO, effective November 05, 2011.Source : BSE
