LG Balakrishnan & Bros has informed that the Board of Directors of the Company at its meeting held on May 06, 2017, had considered and approved that the board of directors have recommended a dividend of Rs 7 per Share of Rs 10 each (70% on the face value of Rs 10 each) for the financial year ended March 31, 2017, subject to the approval of shareholders in the upcoming Annual General Meeting, and Board considered and dropped the proposal of Sub-division of equity shares of the Company from face value of Rs 10 to Re 1.
The above information is a part of company’s filings submitted to BSE.
