Rohit Ferro-Tech board recommends dividend

Rohit Ferro-Tech has informed that the Board of Directors of the Company at its meeting held on May 30, 2012, recommended dividend of Rs. 0.50 per equity share i.e. 5% on face value of Rs. 10 each for the financial year 201142, subject to approval by members in the ensuing Annual General Meeting.

Further the board approved the proposal for amalgamation of Impex Ferro Tech, one of group companies with the Company, subject to approval of the shareholders and creditors of the respective companies, the High Court of Judicature at Calcutta, Stock Exchange and other concerned authorities.

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