Pilani Investment and Industries Corporation has informed that the board of directors of the company at its meeting held on May 30, 2012, have recommended a dividend of Rs 25 per share (250% on an equity share par value of Rs 10 each) for the year ended March 31, 2012. The payment is subject to the approval of the shareholders at the ensuing annual general meeting of the company.
The above information is part of company’s filing submitted to the BSE.