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| Exchange Disseminated Time 30/05/2017 21:41:59 | Lloyd Electric & Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2017, inter alia, have considered and approved the following:
1. Recommendation of final Dividend of Rs. 1.50 per equity share of the face value of Rs. 10 each (15%), aggregating to Rs. 7.28 Crores (including dividend distribution tax) for the financial year 2016-17, subject to the approval of the shareholders in the ensuing Annual General Meeting(AGM) of the Company and will be paid within 30 days of conclusion of AGM;
2. Declaration of special dividend of Rs. 20 per equity shares of the face value of Rs.10 each (200%) out of proceeds of sale of Consumer Durable Business, aggregating to Rs. 97.08 Crores (including dividend distribution tax). |
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