India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, today conducted its 54th Annual General Meeting at the Group’s flagship hotel property, The Ashok, New Delhi. The meeting was chaired by Shri Piyush Tiwari, Chairman & Managing Director & Director (Commercial & Marketing) of India Tourism Development Corporation.
The Board of Directors present at the meeting were Sh. Piyush Tiwari, Chairman & Managing Director & Director (Commercial & Marketing) ITDC; Shri Pradip Kumar Das, Director (Finance) & CFO, ITDC; RK Chaturvedi, IAS, F&A and Govt Nominee Director; Meenakshi Mehta, DDG, Ministry of Tourism; Paragbhai M. Sheth, Independent Director, K Padmakumar, Independent Director and P.C Agiwal, Statutory Auditor.
Following are the highlights from 54th AGM Address of C&MD to the shareholders on company’s performance during 2018-19:-
The board has recommended a dividend of 21% amounting to Rs. 18.01 crore approximately as compared to 18.5% amounting to Rs. 15.87 crore in the previous year.