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McNally Bharat Engineering Company board recommends dividend

01 Jun 2012 Evaluate

McNally Bharat Engineering Company has informed that the board of directors of the company at its meeting held on June 01, 2012, has adopted a strategy to preserve cash to fund the growth of the company and therefore has recommended a dividend of 10% (i.e. Rs. 1.00 per Share) for the year ended March 31, 2012 subject to the approval of the members.

The above information is part of company’s filing submitted to the BSE.