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| Exchange Disseminated Time | With reference to the letter dated May 09, 2015 related to proposed issue of Bonus Shares in the ratio of 1:1 and declaration of Final Dividend for the Financial Years 2014-15, as approved in the Board meeting held on May 09, 2015; Relaxo Footwears Ltd has Clarified to BSE that the Board of Directors of the Company has recommended 100% Dividend (Re. 1 per share of the face value of Re. 1/- each) for the year ended March 31, 2015, on Pre-Bonus basis.
While recommending the issue of Bonus Equity shares in the ratio 1:1 (one share for every share held), the Board of Directors had decided that if the Bonus Equity Shares are issued prior to payment of dividend, the Dividend Post - Issue of Bonus Equity Shares would be Re. 0.50 per equity share of Re. 1.00 each instead of Re. 1.00 per equity share of Re. 1.00 each as the issue and allotment of Bonus Shares is likely to be prior to the declaration/approval of dividend by the shareholders at the ensuing Annual General Meeting. |
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