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| Exchange Received Time 18/08/2017 13:41:19 Exchange Disseminated Time 18/08/2017 13:41:27 Time Taken 00:00:08 | Pursuant to the meeting of the Board of Directors held on May 26, 2017, the Board had recommended final dividend of 150% i.e. Rs. 3/- per share on 62,992,735 Equity Shares of face value of Rs. 2/- per share, subject to the approval of members of the Company.
We wish to inform you that the Board of Directors of the Company at their meeting held on June 8, 2017 had approved sub-division of Equity Shares of face value of Rs. 2/- each into Equity Shares of face value of Re. 1/- each and the same was approved by the shareholders on July 12, 2017 vide Postal Ballot.
Accordingly, the recommended final dividend of 150% post stock-split shall be read as Rs. 1.5/- per share on 125,985,470 Equity Shares of face value of Re. 1/- per share.
Please take the same on records.
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