BASF India has informed that the Board of Directors of the Company at its meeting held on May 04, 2017, has recommended a dividend of Re 1 per equity share of Rs 10 each (i.e. 10%) for the financial year ended March 31, 2017, subject to the approval of the shareholders at the forthcoming 73rd Annual General Meeting of the Company. The dividend, if approved, by the Shareholders will absorb Rs 44.3 million and will be payable on or after October 03, 2017. The dividend distribution tax would amount to Rs 8.8 million and the same will be borne by the Company.
The above information is a part of company’s filings submitted to BSE.
