Rodium Realty has informed that the board of directors of the company at its meeting held on August 11, 2011, has approved and recommends payment of dividend on the cumulative redeemable preference shares at the fixed rate (9%) for the three financial years - 2007-08, 2008-09 and 2009-10 and approved the draft letter of offer for rights issue for filing with SEBI for its approval.
The above information is part of the company's filing submitted to the BSE.