UP Hotels board recommends dividend

UP Hotels has informed that the Board of Directors of the Company at its meeting held on May 29, 2012, has recommended a dividend of 50% i.e. Rs. 5/- per equity share for the financial year end March 31, 2012. This is subject to the approval of the shareholders at the forthcoming Annual General Meeting.

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