Sml Isuzu Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 16, 2011, inter alia, has considered the following matters: (1) Recommended Dividend @ 65% (Rs. 6.50 per share) for fiscal 2010-11 and a special dividend of 15% (Rs. 1.50 per share) on completion of 25 years of commercial operations. (2) Mr. Yash Mahajan informed Directors at the Board Meeting that he would demit the office of the Managing Director of the Company on completion of his current tenure of five years on May 31, 2011. (3) The Board, thereafter decided to appoint Mr. Yutaka Watanabe, a Whole-time Director, as Managing Director and Chief Executive Officer of the Company with effect from June 01, 2011. Source : BSE
