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| Exchange Disseminated Time | Deepak Nitrite Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 02, 2014, inter alia, have recommended, subject to the approval of shareholders:
1. Dividend of Rs. 10/- (Rupees ten only) per equity share of face value of Rs. 10/- (Rupees ten only) each for the year ended March 31, 2014, on existing equity share capital.
2. Sub-division of equity share of the Company of face value of Rs. 10/- (Rupees ten only) each into 5 (five) equity shares of face value of Rs. 2/- (Rupees two only) each.
3. Issuance of Bonus Shares in the ratio of 1 (one) bonus equity share of face value of Rs. 2/- (Rupees two only) each fully paid up for every 1 (one) equity share of face value of Rs. 2/- (Rupees two only) each.
The dividend of Rs. 10/- (Rupees ten only) per equity share on face value of Rs. 10/- (Rupees ten only) each (pre sub-division and bonus), shall be equivalent to a dividend of Rs. 1/- (Rupee one only) per equity share on face value of Rs. 2/- (Rupees two only) per equity share (post sub-division and bonus).
Since the Record Date for the allotment of bonus shares and sub-division of shares will fall prior to the book closure date for the payment of dividend, the shareholders will be entitled to dividend of Rs. 1/- (Rupee one only) per share of face value of Rs. 2/- (Rupees two only) each (equivalent to dividend of Rs. 10/- per share of face value of Rs. 10/- each, pre-bonus and pre-sub-division), which shall be paid to shareholders whose name appears in the register of members as on the date of book closure for payment of dividend. |
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