Minda Industries has informed that the Board of Directors of the Company at its meeting held on May 21, 2016, has recommended a final dividend of Rs 4.00 per equity share of Rs 10 each i.e. 40% to the equity shareholders for the year ended on March 31, 2016, subject to approval by the shareholders. The interim dividend of Rs 3.00 per equity share of Rs 10 each i.e. 30% was paid on February 20, 2016 to the equity shareholders, therefore, the total dividend for the financial year ended on March 31, 2016 aggregates to Rs 7.00 per equity share of Rs 10 each i.e. 70%.. The meeting of the Board of Directors commenced at 10.30 a.m. and concluded at 9.45 p.m.
The above information is a part of company’s filings submitted to BSE.
