Hindustan Composites Ltd. has announced that the board of directors of the company at its meeting held on May 23, 2017, has recommended the payment of dividend on Equity Shares of INR 5 each at INR 0.5 for the year ended March 31, 2017, on its enhanced equity share capital after considering bonus issue, that is on 14,769,000 Equity Shares of INR 5 each, subject To Approve the shareholders in the upcoming Annual General Meeting of the Company. The dividend if approved at the upcoming Annual General Meeting of the company, shall be paid/dispatched between September 25, 2017 to September 30, 2017.

The company announced that the board of directors of the company at its meeting held on May 23, 2017, the appointment of Mr. Chakrapani Misra as additional (Non- Executive) independent director of the company for a period of five years with effect from May 23, 2017 to May 22, 2022. He is a Solicitor and Advocate with over two decades legal experience in the field of dispute resolution including complex corporate commercial litigation before various courts and tribunals across India, International commercial arbitrations under the rules of ICC, LCIA, SIAC and other international dispute resolution bodies, domestic arbitration in India, Securities laws related disputes, Intellectual property rights and related matters, contract drafting and negotiations. He is a Partner in leading Law firm M/s.Khaitan and Co. handling matters of dispute resolution.