Minda Industries board recommends 30% dividend on equity shares

Minda Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 19, 2012, inter alia, has approved the following:The Board of Directors recommended dividend, subject to the approval of the Shareholders in the ensuing Annual General Meeting of the Company on 1. Equity Shares @ 30% i.e. Rs. 3/- per Equity Share on the face value of Rs. 10/- each.2. 3% Cumulative Redeemable Preference Shares of Rs. 10/- each (Class ‘C’) @ 3% i.e. Rs. 0.30 per 3% Cumulative Redeemable Preference Share.Source : BSE

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