Mahalaxmi Rubtech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2011, inter alia, transacted the following "1. The Board of Directors has recommended Dividend @ 5% (Rs. 0.05 per Equity share on the face value of Rs. 1/- each) for the financial year 2010-11.2. The Board has discussed, appraised and approved the activities of the Company.Source : BSE