Board recommends Interim Dividend

• Security Code: 590065
• Company: IMPAL

India Motor Parts & Accessories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2012, inter alia, has transacted the following :

1. Recommended an interim dividend of Rs.19/- per share (190% on the face value of Rs.10/- per share) for the financial year 2011-12 on the paid-up capital of Rs.415.98 lakhs. The Board also proposed to treat the interim dividend of Rs. 19/- per share (190%) as the total dividend for the year ending March 31, 2012

2. The Board has further approved the re appointment of the Managing Director for a period of 5 years with effect from July 05, 2012, subject to approval of Shareholders.