Sumedha Fiscal Services Ltd. announced that the Board of Directors of the company at its meeting held on May 28, 2016 appointed Mr. Girdhari Lai Dadhich as Chief Financial Officer of the company with immediate effect.

The company recommended a dividend of INR 0.50 per equity share of the face value of INR 10 each subject to approval of members at the ensuing Annual General Meeting of the company. The dividend to be paid /dispatched within the statutory time limit of 30 days of the AGM.