The Board of Directors have recommended dividend of Rs. 2.50 per equity share (@ 25%) subject to the approval of the members in their ensuing Annual General Meeting.

If dividend on shares as recommended by the Board of Directors is approved at the Annual General Meeting, payment of such dividend will be made to those members whose names appear in the Register of Members as on the date of book closure. Similarly, in respect of the shares held in electronic form, the dividend will be payable to the beneficial owners of the shares, as per the details to be furnished by the depositories for this purpose as on the date of book closure

In view of the numerous advantages offered by the depository system, the members are requested to avail the facilities of dematerialisation of the company’s shares on either of the depositories viz., National Securities Depository Limited (NSDL) and Central depository Services (India) Limited (CDSL).