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Minda Industries - Board recommends Dividend

By Religare

Minda Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2013, inter alia, has recommended the following dividend, subject to approval of the Shareholders at the ensuing Annual General Meeting:

1. At the rate of 30% (i.e. Rs. 3/- per equity share) on 1,58,65,356 equity shares on the face value of Rs. 10/- each.

2. At the rate of 3% (i.e. Rs. 0.30 per 3% Cumulative Redeemable Preference Share) on 35,00,000 3% Cumulative Redeemable Preference Shares of Rs 10/- each.

Read more about: minda industries
Story first published: Friday, May 24, 2013, 23:35 [IST]
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