India Nippon Electricals board declares Second Interim Dividend

23 May 2014

India Nippon Electricals has informed that the Board of Directors of the company at its meeting held on May 23, 2014 has decided to declare a second interim dividend of Rs. 5 per share. On 11,310,712 equity shares this will absorb an amount of Rs 565.54 lacs. Together with the first interim dividend of Rs 4 per share declared in January 2014, the total dividend so far declared for the year ended March 31, 2014 would work out to Rs. 9 per share. The Board also decided to recommend to the General Meeting of the company to treat the aggregate dividend of Rs. 9 per share as final for the year.

The above information is a part of company’s filings submitted to BSE.

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