PPAP Automotive Limited Declares an Interim Dividend, Payable on or after November 6, 2018; Announces Audit Committee Changes
October 23, 2018 at 05:29 am EDT
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The Board of Directors of PPAP Automotive Limited in the board meeting held on October 23, 2018 declared an interim dividend of 20.00% that is INR 2.00 per share on equity shares of face value INR 10 each. The record date for the payment of interim dividend has been fixed as November 2, 2018. Payable on or after November 6, 2018.
The company also appointed Mr. Abhishek Jain as member of audit committee in place of Mr. Ajay Kumar Jain.
PPAP Automotive Limited is an India-based manufacturer of automotive sealing systems, interior and exterior automotive parts. In addition, the Company's business also offers rubber automotive sealing system, commercial tool room, and pail containers, among others. The Company operates through a single segment, namely automotive component. The tooling facility manufactures tools for customers in automotive, as well as white goods and electronic goods. The Company has ventured into the development of pail containers. The facility is located at Surajpur Industrial Area, Uttar Pradesh. The Company has also ventured into the electric vehicle market through its subsidiary PPAP Technology Limited. The facility is located in Noida, Uttar Pradesh. The Company serves original equipment manufacturers (OEMs). The Company's manufacturing facilities are located in Noida, Uttar Pradesh; Greater Noida, Uttar Pradesh; Chennai, Tamil Nadu; Pathredi, Rajasthan and Ahmedabad, Gujarat.
PPAP AUTOMOTIVE LIMITED 
