Transport Corp board recommends final dividend

Transport Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2012, inter alia, transacted the following :1.Payment of Final Dividend @ 30% (Rupee 0.60 per share of face value of Rs. 2/- each) in addition to the Interim Dividend of 20% (Rupee 0.40 per share) aggregating to 50% (Rupee One per share of face value of Rs. 2/- each) to the Shareholders whose names appear on the Register of Members on the Record Date to be decided in consultation with the tock Exchanges.2. The Board of Directors has also decided that the next Annual General Meeting of the Shareholders of the Company shall be convened on July 26, 2012.3. Grant of 3, 50,000 Options to the eligible employees at a price of Rs. 30/- (Rupees Thirty only) per Option under the “Employees Stock Option Scheme 2006 - Part V as recommended by the Compensation/Remuneration Committee.Source : BSE

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