Swiss Glascoat Equipments Ltd. announced that the doard of directors of the company at its meeting held on May 30, 2014, has recommended dividend by the board at the rate of 25% (INR 2.50) per equity share of INR 10 each for the year 2013-14, subject to the approval of the shareholders in the forthcoming 23rd annual general meeting of the company.

The board also announced that the resignation of Mr. Ambalal Patel, the technical director as the director of the company with effect from October 01, 2014 and appointment of Mr. Tanmay Patel as an additional director of the company.