Minda Corporation has informed that the Board of Directors of the Company at its meeting held on May 24, 2017, has considered, approved and recommended dividend at Rs 0.008 per share on 240000 nos. 0.001% Cumulative Redeemable Preference Shares (face value of Rs 800 each) for the year 2016-17 subject to the approval of the Shareholders of the Company; and the Board of Directors has recommended a final dividend of Rs 0.30 per equity share (face value of Rs 2 per share) subject to the approval of shareholders at the forthcoming Annual General Meeting of the Company. The total dividend declared/ recommended on equity shares of the Company for the year 2016-17 is Rs 0.50 per equity share (face value of Rs 2 per share) including interim dividend of Rs 0.20 per equity share (face value Rs 2 per share) declared by the Board of Directors in their meeting held on February 13, 2017.
The above information is a part of company’s filings submitted to BSE.
