Shiv-Vani Oil & Gas Exploration Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 03, 2012, inter alia, has recommended the payment of dividend @ 10% i.e. Rs. 1 per share of face value of Rs. 10/- each, for Financial Year 2011- 12. The total dividend payout will be Rs. 4,63,60,501/- on Equity Share Capital of the Company of Rs. 46,36,05,010/-.