Vadilal Industries board recommends dividend

Vadilal Industries has informed that the board of directors of the company at its meeting held on May 30, 2012, have recommended a dividend of Rs 1.50 per share (i.e. 15%) on 71,87,830 equity shares of Rs 10 each as under, for the year ended on March 31, 2012, subject to the approval by the Shareholders at the ensuing annual general meeting of the company.

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