Bharat Bijlee Limited the Board of Directors at their meeting held on May 10, 2018, has recommended dividend of INR 2.50 per equity share of face value of INR 10 each for the financial year ended March 31, 2018.

The Board accepted the recommendation of the Nomination and Remuneration Committee regarding the resignation of Mr. Sandeep M. Tilak as Vice President Finance & Corporate Strategy, Chief Financial Officer and Key Managerial Person of the company. The CFO resigned due to his personal reasons and he will be relieved on May 31, 2018. Consequent upon the resignation of Mr. Sandeep M. Tilak, the Board on the recommendation of the Nomination and Remuneration Committee at their meeting held on May 10, 2018, approved the appointment of Mr. Yogendra S. Agarwal as the Chief Financial Officer ('CFO') and Key Managerial Person ('KMP') of the Company, pursuant to the provisions of Section 2(19) and Section 203 and any other applicable provisions of the Companies Act, 2013 read with, the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force). Mr. Agarwal will take charge as CFO with effect from June 1, 2018.