Minda Industries board recommends dividend

Minda Industries has informed that the board of directors of the company at its meeting held on June 19, 2012, has approved the recommendation of dividend, subject to the approval of the shareholders in the ensuing annual general meeting of the company, on equity shares at the rate of 30% i.e. Rs. 3 per equity share on the face value of Rs. 10 each and 3% cumulative redeemable preference shares of Rs. 10 each (Class ‘C’) at the rate of  3% i.e. Rs. 0.30 per 3% cumulative redeemable preference share.

The above information is a part of company's filings submitted to BSE.