Jai Balaji Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 27, 2011, have recommended a dividend of Re.0.40 per equity share of Rs.10/- each being 4% amounting to Rs 255.13 lacs for the year ended March 31, 2011 subject to the approval of members at the Annual General Meeting of the Company.Source : BSE