Lloyd Electric & Engineering Limited, at its board of directors meeting held on May 30, 2016 has recommended a dividend of INR 1.30 per equity share of face value of INR 10 each (13% of the total paid up capital of the company) for the financial year 2015-16 subject to the approval of the shareholders in the ensuing annual general meeting of the company.

The company also noted resignation of Mr. Gopal Kacker as non-executive independent director with effect from May 30, 2016. The company approved the appointment of Ms. Deepti Sahai, retd., Chief general manager and group compliance office, State Bank of India Group, as non-executive independent director (Additional), with effect from May 30, 2016 to fill the causal vacancy caused by resignation of Mr. Gopal Kacker, an independent director.