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Porwal Auto
BSE: 532933NSE: ISIN: INE386I01018

25th-May-2019 15:59Source: BSE

Porwal Auto Components - Outcome of Board Meeting

We wish to inform you that in meeting (01st/2019-20) of the Board of Directors of the Company held on Saturday, 25th May, 2019 at registered office of the Company at Plot No. 209, Sector 1, Industrial Area, Pithampur, M.P. -454775, and concluded at 03:30 PM, inter alia, transacted the following item of business other than regular administrative and operational business:

1. Adopted & approved the Audited Financial Results of the Company for the Quarter and for the Financial Year ended 31st March, 2019;
2. Considered and taken on record of the Audit Report submitted by the Auditors alongwith unmodified opinion for the Financial Results of the Company for the Quarter/Year ended 31st March, 2019 ;
3. Recommended Dividend of Rs. 0.75 per equity share (7.5%) for the Financial Year ended 31st March, 2019; subject to the Approval of the shareholders at the ensuing Annual General Meeting of the Company;
4. Considered Appointment of Vikas S Garg & Company, Chartered Accountants, Indore as Internal Auditor of the Company for the Financial Year 2019-20.

The Board had also discussed the other operational, financial and administrative matters in details and passed the necessary resolutions.

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