Trent Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2015, have approved the following:
1. Dividend on Equity Shares
Recommended payment of dividend of 75% i.e. Rs. 7.50/- per Equity Share and a special dividend of 25% i.e. Rs. 2.50/- per equity share of Rs. 10/- each, for approval by the shareholders (total dividend of 100% i.e. Rs. 10/- per Equity Share).
2. Appointment of Executive Director
Appointed Mr. P. Venkatesalu, Chief Financial Officer, as an Executive Director of the Company (designated as Executive Director and Chief Financial Officer) for a period of three years with effect from June 01, 2015, subject to necessary approvals.
3. Code of Conduct for Prevention of Insider Trading and the Code of Corporate Disclosure Practices
Formulated the Code of Conduct for Prevention of Insider Trading and the Code of Corporate Disclosure Practices pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. A copy of the Code of Corporate Disclosure Practices is enclosed. The same would also be uploaded on the Company?s website.