Srikalahasthi Pipes Limited announced that at the Board Meeting held on 28 April, 2018 the Board has recommended a dividend of INR 6.0 (60%) per share for the financial year ended March 31, 2018, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

The Board on the recommendation of Nomination and Remuneration Committee has approved the appointment of Mr. Solomon Arokiaraj, IAS as a Director on the Board of Directors of the Company as nominated by Andhra Pradesh Industrial Development Corporation Limited (API DC), with effect from 28 April, 2018. The Board has taken on record the change in status of Mr. S.Y. Rajagopalan as independent director. Mr. Solomon Arokia Raj is a Member of Indian Administrative Service (IAS) and presently deputed to Andhra Pradesh CAP) cadre and serving as Director, Industries & Commerce Department, Govt. of AP. He is also holding the position of Vice Chairman & Managing Director of APIDC. Prior to this, he served as District Collector of Vishakapatnam of Andhra Pradesh state. He also holds directorships in Krishnaptnam International Leather Complex Pvt. Ltd., Andhra Pradesh State Skill Development Corporation, Amaravati Development Corporation Limited, Andhra Pradesh Industrial Infrastructure Corporation Limited.