Hindalco recommends dividend at Rs 1.55 per share

Hindalco Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 27, 2012, inter alia, has recommended the payment of Dividend on Equity Shares of the Company for the Financial Year Commencing on April 01, 2011 upto March 31, 2012, to the equity shareholders @Rs. 1.55 per Equity Share of the face value of Re. 1/- each i.e. 155% per share subject to shareholders and other approvals.Further the Company has informed that, the Annual General Meeting of the shareholders of the Company will be held on September 11, 2012 at Ravindra Natya Mandir, P. L. Deshpande Maharashtra Kala Academy, Prabhadevi, Mumbai- 400 025.The Dividend on the Equity Shares, will be paid/dispatched to the Company’s Equity Shareholders, on September 15, 2012 and the warrants will be made encashable at par in accordance of arrangement made by the Company with the Bankers as per guidelines of Reserve Bank of India.Source : BSE

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