Sintex Industries Limited at its Board Meeting held on May 19, 2017, recommended a dividend at 25%, i.e INR 0.25 per equity share of INR 1 each of the company for the year ended March 31, 2017 subject to approval of shareholders in the upcoming AGM.

The board took note of the letter dated May 15, 2017, received from Mr. S. B. Dangayach expressing his desire for not renewing his term as Managing Director of the company, which is expiring on June 06, 2017 and also not continuing as Non-executive Director effective June 06, 2017, in view of restructuring of the composition of the board of directors and management team of the company.