1. Recommended to pay Re. 1 on 50,054,000 equity shares of Rs. 10 each, aggregating out flow of dividend would be Rs. 500,540,000 plus distribution tax subject the approval of shareholders and also agreed to open ?Special Dividend Account? with the Bank. Shares issued and allotted under recent IPO are also eligible for dividend.
2. The Board has taken note that Dhirendra Singh and Abhishek Singh shall be retire by rotation and are eligible for re-appointment.
3. The Board has recommended and approved the re-appointment of Statutory Auditor subject to the approval of Shareholders.
4. The Board has recommended and approved the payment of remuneration/ commission to the Non-Executive Director
5. The Board has considered the appointment of Scrutinizer for e-voting.
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