Tata Sponge Iron has informed that the Board of Directors of the Company at its meeting held on April 25, 2016, has recommended / decided a dividend of Rs 10 per equity share (i.e. 100%) on 15,400,000 equity shares of the Company for the year ended March 31, 2016. Subject to shareholder’s approval at the ensuing Annual General Meeting, the cash outflow on account of dividend will be Rs 1,540 lakh and it has been decided to hold the Thirty-third Annual General Meeting of the Company on July 26, 2016 at 10:00 a.m. at ‘Lake View Recreation Centre’ at TSIL Township, Joda, Dist-Keonjhar, Odisha - 758 034.
The above information is a part of company’s filings submitted to BSE.
