Torrent Cables: Board recommends Dividend (Code of Conduct of Fair Disclosure)

Torrent Cables Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2015, inter-alia, has approved the following:

1. Dividend

- The Board of Directors of Company, has recommended a dividend of Rs. 1/- (One Rupee) per equity share of Rs. 10/- each fully paid up on 85,98,395 Equity Shares for the financial year ended on March 31, 2015. The dividend, if declared by the Shareholders at the ensuing annual general meeting of the company, will be distributed on or after August 02, 2015.

2. Appointment of Mr. Susham Palekar as CEO and Whole Time Key Managerial of the company w.e.f. August 01, 2015.

3. Acceptance of resignation of CFO Mr. Amit Agrawal w.e.f. March 23, 2015.

4.Pursuant to Regulation 8 of Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015 ('the Regulations') the Board of Directors has, at its meeting held on May 21, 2015 formulated the 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information' (code of Fair Disclosure) of the Company. The Company has submitted to BSE the Code in this regard.

5. Further the Board has also formulated the 'Code of Conduct to Regulate, Monitor and Report Trading by Insiders' (Code of Conduct) of the Company as prescribed under Regulation 9 of the said Regulations.