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| Exchange Disseminated Time | Sasken Communication Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held o April 25, 2014, inter alia, has declared (a) an interim dividend of Rs. 3.00 per equity share of Rs. 10 each (30%) and (b) recommended a final dividend of Rs. 1.50 per equity share of Rs. 10 each (15%), subject to the approval of shareholders at the Annual General Meeting.
In all, the Company has declared & recommended a dividend of Rs. 32.00 per equity share of Rs. 10 each for year 2013-14- 320%, i.e.:
(a) An interim dividend of 25% (Rs. 2.50 per equity share) in October 2013;
(b) In celebration of its 25th year since incorporation, a Special Dividend of 250% (Rs. 25 per equity share) in two tranches, viz. 25% (Rs. 2.50 per equity share) in October 2013 and 225% (Rs. 22.50 per equity share) in January 2014;
(c) Another interim dividend of 30% (Rs. 3.00 per equity share) declared on April 25, 2014; and
(d) Recommended a final dividend of 15% (Rs. 1.50 per equity share) subject to the approval of shareholders at the Annual General Meeting.
- Cessation of Alternate Director :
Pursuant to the notification of Section 161(2) of the Companies Act, 2013, Mr. Bharat P. Mehta, ceased to be an Alternate Director for Mr. J. B. Mody. |
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