RFLNCDO2C3 has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2012, inter alia, has recommended final dividend (a) of Rs. 5.50 per equity share and (b) on Series A 0.01% Compulsorily Convertible Preference Shares and Series B 0.01% Compulsorily Convertible Preference Shares as per their respective terms of issue.