Shalibhadra Finance has informed that the board of directors of the company at its meeting held on June 28, 2012, has recommended the payment for dividend at the rate of 8% (Rs. 0.80 per share of Rs. 10 each) for the financial year ending March 31, 2012 subject to approval by the shareholders in their ensuing annual general meeting.
The above information is a part of company's filings submitted to BSE.