Allcargo Logistics board recommends dividend

Allcargo Logistics has informed that the board of directors of the company at its meeting held on May 30, 2012, has recommended final dividend of Re 0.50 (25%) per equity share of Rs 2 each for the financial period ended March 31, 2012, subject to the approval of the shareholders at the annual general meeting. The total dividend, if approved by the shareholders of the company at the ensuing annual general meeting including the interim dividend paid by the board of directors 50% i.e. Re 1.00 per equity share of Rs 2 each in November 2011 will be 75% i.e. Rs 1.50 per equity share of Rs 2 each and convening of the 19th annual general meeting of the members of the company on August 07, 2012.

Further the board appointed of Hari L Mundra as an additional director (non executive independent director) and Umesh Shetty as an additional director (whole time director) of the company.

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