Corporate Announcement
Security Code : 538962    Company : MINDACORP    
 
Board recommends Final DividendDownload PDF
  Exchange Disseminated Time     25/05/2017 10:23:09
Minda Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2017,
has considered and approved the following:

1. The Board has recommended dividend @ Rs. 0.008/- per share on 240000 nos. 0.001% Cumulative Redeemable Preference Shares (face value of Rs. 800/- each) for the year 2016-17 subject to the approval of the Shareholders of the Company.

2. The Board of Directors has recommended a final dividend of Rs. 0.30/-per equity share (face value of Rs. 2/- per share) subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company. The total dividend declared/ recommended on equity shares of the Company for the year 2016-17 is Rs. 0.50/- per equity share (face value of Rs. 2/- per share) including interim dividend of Rs. 0.20/- per equity share (face value Rs. 2/- per share) declared by the Board of Directors in their meeting held on February 13, 2017.
 

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