Balasore Alloys board recommends dividend

Balasore Alloys has informed that the board of directors of the company at its meeting held on May 28, 2012, has recommended a dividend of Rs 0.50 per share i.e. at the rate of 10% on the nominal value of share, which shall be payable subject to the approval of the shareholders at the forthcoming annual general meeting of the company.

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