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Outcome of board meeting of Srikalahasthi Pipes

Srikalahasthi Pipes announced that the Board of Directors of the Company at its meeting held on 09 May 2016, inter alia, has transacted the following:

1. The Board has recommended a dividend of Rs. 5.0 (50%) per share for the year ended 31 March 2016.

2. The Board has approved a CAPEX of Rs. 80 crore towards setting up of Ferro Alloys Plant (Rs. 55 crore) and Double Walled Corrugated (DWC) Plant (Rs. 25 crore).

3. The Dividend to the eligible shareholders will be paid within 30 days from the date of declaration at the ensuing Annual General Meeting of the Company.

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