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.