Renaissance Jewellery has informed that the Board of Directors of the Company at its meeting held on May 24, 2012 has considered and approved the dividend recommendation at the rate of 15% (i.e. Rs. 1.50 per Equity Share of Rs. 10 each) for the Financial Year ending March 31, 2012, subject to the approval of the shareholders at the AGM and the amalgamation of Caro Fine Jewellery ,a wholly owned subsidiary with the Company.
The above information is part of company’s filing submitted to the BSE.