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| Exchange Disseminated Time | Radico Khaitan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2012, inter alia, have approved the following;
1. The Directors have recommended Equity Dividend of Rs. 0.80 (40%) for the financial year ended March 31, 2012 per fully paid up Equity Share of Rs. 2/- each of the Company. The Dividend, if declared, will be payable to the Shareholders, whose names are borne on the Register of Members as on the record date to be fixed by the Board of Directors.
2. In the same Board Meeting, the Board has approved for setting up of a wholly owned subsidiary in Mauritius for making investment upto USD 10 Million in the shares of the said Subsidiary.
The wholly owned subsidiary is being set up with the objective of promoting international business of Radico Khaitan Ltd., which will include among other things, the export of Radico products all over the world and for making investments in Joint Venture Companies in African continent. |
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