Board recommends Dividend

• Security Code: 502820
• Company: DCM

DCM Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2012, inter alia, has transacted the following:

1. Recommended dividend @ 25% (Rs. 2.50 per share) on equity shares of Rs. 10 each for the financial year 2011-12. The said proposed dividend, if declared at the ensuing Annual General Meeting will he paid on or before August 11, 2012.

2. The Board of Directors has also proposed to transfer Rs. 60.00 Lacs to General Reserve from current profits.

3. Taken note of the letter from LIC withdrawing nomination of Mr. Sudhin Roy Choudhury from the Board of the Company.