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| Exchange Received Time 25/05/2018 19:32:22 Exchange Disseminated Time 25/05/2018 19:32:30 Time Taken 00:00:08 | This is to inform you that the Board of Directors of the Company at their meeting held today, which started at 6.00 p.m. and concluded at 7.10 p.m., have :
a)Recommended a dividend of 4% (at the rate of Rs.0.40 per share of Rs.10/- each) on 90,00,000 Non- Convertible Cumulative Redeemable Preference Shares allotted on 12/04/2016, on pro-rata basis for the financial year 2016-17 and for financial year ended 2017-18, subject to approval of the members at the Annual General Meeting.
b) Recommended a dividend of 10% (at the rate of Rs.1.00 per equity share of Rs.10/- each), subject to approval of the members at the Annual General Meeting.
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