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Corporate Announcement

Scripcode : 534312    Company : MTEDUCARE   View All
 
 
 Outcome of Board Meeting | 8/13/2012 10:31:47 AM 
 MT Educare Ltd has informed BSE that, in the Board meeting held on August 10, 2012, along with other business transacted, there was a fruitful discussion on the dividend policy to be adopted by the Company, considering various parameters like the sector in which the Company operate, the type of services provided, cash flow generated, future growth, requirement of funds, sustainability of profits etc. to name a few.

After a healthy discussion, it was unanimously decided that fifty per cent (50%) of the net profits in a financial year be allocated towards distribution of dividend to shareholders and the balance be retained for business operations and that the dividend be paid on a half yearly basis.

The said dividend policy will be subject to review by the Board in case the Company plans any acquisitions / joint ventures etc. involving huge cash outflow.
 
 
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