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| Exchange Disseminated Time | India Motor Parts & Accessories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia, has transacted the following:
1. The Board of Directors has recommended a Final Dividend of Rs. 2.50/- (25%) per equity share for the year ended March 31, 2013. This dividend, together with Interim Dividend of Rs. 6.50/- (65%) per equity share declared and paid for the financial year 2012-13 aggregates to Rs. 9.00 per equity share (90%) for the year ended March 31, 2013, on the paid up capital of Rs. 831.96 lakhs.
2. The Board of Directors has proposed to increase the Authorised Share Capital of the company from Rs. 10 crores to Rs. 20 crores, and to consider consequential amendments in the capital clause of Memorandum and Articles of Association subject to approval of Shareholders at the ensuing Annual General Meeting. |
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