The board of directors of Anjani Portland Cement Limited meeting held on May 15, 2019, recommended dividend of INR 2.50 per share for the year ended March 31, 2019 subject to approve the shareholders at the upcoming AGM.

The company also announced cessation of term of Independent Director Mr. P. Gopal and cessation of term of Independent Director Mr. V. Subramanian. Appointment of Mr. RM. Palaniappan as an Additional, Non-Executive, Independent Director, with effect from May 16, 2019 and appointment of Mr. V. Pananiappan as an Additional, Non-Executive, Non-Independent Director, with effect from May 16, 2019. The approval of the shareholders for the appointment of Mr. RM. Palaniappan as Non-Executive Independent Director on Board of the company will be sought at the upcoming Annual General Meeting. The approval of the shareholders for the appointment of Mr. V.palaniappan as Non-Executive Independent Director on Board of the company will be sought at the upcoming Annual General Meeting. Mr. RM. Palaniappan has over 25 years of experience in the field of Accounting, Administration and Corporate Affairs He is a director on the Board of Chettinad logistics private Limited. Mr. V. Palaniappan has over 25 years of experience in the arena of Accounts and Finance He is currently working for the holding Company Chettinad Cement Corporation Private Limited.