Saven Technologies: Outcome of Board Meeting

The Board of Directors of the Company at its meeting held on 23.07.2019 inter-alia transacted the following business;
1) Approved the Un-Audited Financial Results of the company for the quarter ended 30th June 2019 as recommended by the Audit Committee at its meeting held on 23rd July 2019.
2) The Board of Directors of the Company declared an interim dividend of Re.1/- (Rupee One Only) per equity share (representing 100 %) on the equity share of Re.1/- each fully paid up for the financial year 2019-20.
3) The Interim Dividend will be paid on or before August 21 2019.
4) The Record date for determining the eligibility of shareholders entitled to receive the interim dividend is fixed as on 02nd August 2019.
5) Re-appointment of Mr. R Ravi for second term as Independent Director subject to shareholders approval at the ensuing Annual General Meeting.
6) Re-appointment of Mrs. R Renuka for second term as Independent Director subject to shareholders approval at the ensuing Annual General Meeting.
7) Re-appointment of Wg Cdr A B Bhushan (Retd) to continue as Independent Director during his second term as he had completed the age of seventy five years subject to shareholders approval at the ensuing Annual General Meeting.
8) Fixed 28th September 2019 for holding Annual General Meeting of the company.

The meeting of board of directors commenced at 3:50 P.M and concluded at 6:00 P.M
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