Finolex Cables Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 03, 2011, inter alia, has considered and approved the following:1. Recommendation of dividend @ 35% (Re. 0.70 per equity share of Rs. 2/- each fully paid up) for the financial year ended March 31, 2011.2. The non profitable activity of manufacture of PVC Sheets by the Sheets Division has been decided to be discontinued by the Company. Its other activities like manufacture of various compounds shall be shifted to a more convenient location and continue.Source : BSE
