Poddar Developers has informed that the Board of Directors of the Company at its meeting held on May 12, 2014, have recommended Dividend at the rate of 15% (Rs. 1.50 per share) on Equity Shares of the Company for the financial year ended March 31, 2014. The Payment for aforesaid Final Dividend is subject to approval of the shareholders at the ensuing Annual General Meeting.
The above information is a part of company’s filings submitted to BSE.