Nivedita Mercantile & Financing Ltd. has announced that the board of directors of the company at its meeting held on May 26, 2015, has recommended dividend on equity shares held by persons/entities other than promoters for the financial year ended on March 31, 2015 at 5%, INR 0.50 per equity share.

The board also approved the resignation of Mrs. Lalitha Cheripalli as Woman Director of the Company with effect from May 27, 2015, appointed Mrs. Hemlata Thanvi as Woman Director of the company with effect from May 27, 2015, and appointed Mrs. Hemlata Thanvi as Company Secretary of the Company.