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ICRA Ltd. - Board recommends Dividend (Sub-division deferred)

By Religare

ICRA Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2013, inter alia, has transacted the following:

1. Transfer to General Reserve

The Board of Directors has approved transfer of Rs. 604 lakh to the General Reserve Account.

2. Dividend

The Board of Directors has recommended a dividend of Rs. 22 per Equity Share of the face value of Rs. 10 each for the Financial Year ended March 31, 2013. The dividend as recommended by the Board of Directors, if declared at the 22nd Annual General Meeting, will be paid/dividend warrants will be dispatched on August 12, 2013.

3. Sub division of equity shares of the Company

The proposal for sub division of face value of the equity shares of the Company has been deferred by the Board of Directors.

Read more about: icra
Story first published: Friday, May 24, 2013, 23:40 [IST]
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