Proceedings Of Board Meeting Of Minda Corporation Limited Held On Wednesday, May 24, 2017

• Security Code: 538962
• Company: MINDACORP

This has reference to the Board Meeting of Minda Corporation Limited held on Wednesday, May 24, 2017. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has considered, approved and noted the following matters in the above said meeting:- 1. The Board has discussed, approved and taken on record standalone and consolidated audited financial results for the quarter and year ended on March 31, 2017 under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. 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. 3. The Board of Directors in its meeting held on 24 May 2017 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 13 February 2017. 4. Appointment of Mr. Laxman Ramnarayan as Additional Director of the Company w.e.f May 24, 2017. A brief profile is enclosed herewith for your information and record.