Ashoka Buildcon: Outcome of Board Meeting

The Board of Directors at their meeting held on May 30, 2017 at Mumbai-51, considered & approved the following viz.:
1.The Audited SFS for the quarter & year ended 31.03.2017, pursuant to Reg. 33 of the SEBI (LODR) Reg., 2015 duly reviewed and recommended by the Audit Committee,
2.Recommendation of Final Dividend for 2016-17 @ 0.80 per equity share of Rs. 5/- each fully paid, subject to approval of the shareholders at the ensuing AGM,
3.Reclassification of persons from the Promoter/Promoter Group category to the Public category,
4.Fund Raising proposal by way of Debt through NCD or issue of any other securities, subject to approval of the shareholders. The Company will issue and allot NCD or any other securities at an opportune time subject to necessary approval and compliance for an amount upto Rs. 500 cr,
5.Re-constitution of Committees,
6.Appointment of M/s Patil Hiran Jajoo, as Internal Auditors for 2017-18,
7. Appointment of M/s CY & Associates, as Cost Auditors for 2017-18.