Kilpest India declares dividend at Re 1 per share

Kilpest India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 31, 2011, inter alia, has transacted the following;1. It was informed to the Board that following 75% balance share money @ Rs. 12.135ps. has been received from the allottees of Preferential Share Warrants allotted:Name: Mr. Ram Kuber DubeyBalance 75% Amount received as on date of this meeting (Rs.): 10,07,205.00No. of shares to be allotted on the basis amount received: 83000Name: Mr. Dhirendra Kuber DubeyBalance 75% Amount received as on date of this meeting (Rs.): 7,03,830.00No. of shares to be allotted on the basis amount received: 58000Name: Mr. Nikhil Kuber DubeyBalance 75% Amount received as on date of this meeting (Rs.): 2,00,227.50No. of shares to be allotted on the basis amount received: 16500Name: Mrs. Mithala DubeyBalance 75% Amount received as on date of this meeting (Rs.): 5,03,602.50No. of shares to be allotted on the basis amount received: 41500Name: Ram Kuber Dhirendra Kumar (HUF)Balance 75% Amount received as on date of this meeting (Rs.): 2,54,835.00No. of shares to be allotted on the basis amount received: 21000Total:Balance 75% Amount received as on date of this meeting (Rs.): 26,69,700.00No. of shares to be allotted on the basis amount received: 220000Accordingly, the Board has approved and decided to allot above 220000 fully paid shares @ Rs. 16.18 (price fixed, as per SEBI norms) Rs.10.00 towards share & Rs. 6.18 towards share premium.2. Recommend the payment of dividend for the year 2010-11 @ Re. 1/- per share on the equity shares of Rs. 10 /- each (i.e. 10%).Source : BSE

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