Sumedha Fiscal Services Limited announced that at its board of directors meeting held on May 18, 2019, Recommended a dividend of INR 1 per Equity Share (face value of INR
10) subject to approval of members at the upcoming annual general meeting of the company. The dividend to be paid /dispatched within the statutory time limit of 30 days of the AGM, if declared.

The board also approved the appointment of Mr. Santanu Mukherjee as Additional and Independent Director for a period of five years. Mr. Santanu Mukherjee is a veteran banker and serves on the Boards of several renowned companies including Bandhan Bank Ltd., Suven Life Sciences Ltd., Vishnu Chemicals Ltd., Donear Industries Ltd., Bhanix Finance and Investment Ltd.
Mr. Mukherjee served as the Managing Director of State Bank of Hyderabad Ltd. and as Chief Executive Officer of SBI in Paris, as Chief General Manager of Commercial Banking of State Bank of Bikaner & Jaipur.