Maithan Alloys has informed that the board of directors of the company at its meeting held on June 29, 2012, has recommended a dividend of Rs. 2 per equity share of Rs. 10 each (i.e. at the rate of 20% of the paid up capital) for the year 2011-2012. The dividend, if approved by the shareholders shall be paid/dispatched by the company on or before September 30, 2012.
The above information is a part of company's filings submitted to BSE.