MaralOversea - Outcome of Board Meeting

Maral Overseas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 26, 2011, inter alia, have recommended Preference Dividend @ 8 % p.a. i.e. Rs. 8/- per share on 18,85,400 Cumulative Redeemable Preference Shares (CRPS) of Rs. 100/- each for the period from the April 01, 2010 to the March 31, 2011 amounting to Rs. 150.832 Lacs, dividend @ 3% p.a. i.e. Rs. 3/- per share on 8,00,000 CRPS of Rs. 100/- each for the period from the April 01, 2010 to the March 31, 2011 amounting to Rs. 24.00 Lacs and @ 3% p.a. i.e. Rs. 1.29863 per share on 4,00,000 Cumulative Redeemable Preference Shares of Rs. 100/- each proportionately for the period from October 25, 2010 to March 31, 2011 amounting to Rs. 5.20 Lacs. The above dividend on CRPS aggregates to Rs. 180.032 Lacs.

The Board of Directors has not recommended any dividend on Equity Shares.

Further the Company has informed that the Board of Directors has also noted the resignation of Mr. Vivek Chaudhary, Company Secretary w.e.f. March 19, 2011 and till the appointment of new Company Secretary, Mr. P.S. Puri, Chief Financial Officer will be acting as Compliance Officer.