GRM Overseas board recommends dividend

GRM Overseas has informed that the Board of Directors of the Company at its meeting held on May 30, 2012, has considered and approved the recommendation of dividend subject to the approval of shareholders in the ensuing Annual General Meeting of the Company at the rate of 20% on 36,89,500 Equity Shares of the Rs. 10 each (i.e. Rs. 2 per Equity Share) to the concerned shareholders as on Record Date.

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