Vaarad Ventures has informed that the board of directors of the company at its meeting held on September 03, 2012, has recommended dividend of Rs. 0.01 per share i.e. 1% on equity shares of Rs.1 each, for the year ended March 31, 2012. The dividend will be paid after the approval of the shareholders at the forthcoming annual general meeting.
The above information is a part of company's filings submitted to BSE.