Gujarat Apollo Industries Ltd. announced that the board meeting held on May 30, 2016. At the meeting the board recommended dividend of INR 2.50 per equity share for the financial year 2015-16, subject to the approval of the shareholders at the ensuing annual general meeting.

At the meeting the board took on record resignation of Shri. Ugrabhai V. Patel, an independent director of the company with effect from May 30, 2016 due to his health issues.