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C Mahendra Expo
BSE: 533304NSE: CMAHENDRAISIN: INE378J01013

30th-May-2013 16:34Source: BSE

C Mahendra Expo - Board recommends Dividend

C Mahendra Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2013, inter alia, has recommended 10% dividend (Rs. 1 per Equity Share of Rs. 10 each) on 1,50,00,000 Equity Shares to the 'Non-Promoter and Promoter Group' absorbing a sum of Rs. 1,50,00,000/- and 6% dividend (Rs. 0.60 per preference share of Rs. 10 each on 1,25,00,000 6% Redeemable Preference shares absorbing a sum of Rs. 75,00,000/- to all 6% Redeemable Preference Shareholders as per the provisions of section 205 of the Companies Act, 1956 for the financial year ended March 31, 2013. The dividend Rs. 4,50,00,000/- on 4,50,00,000 Equity Shares belongs to "Promoter Group" of the Company, waived from the total amount of dividend on equity shares with their consent and provision of Articles of Association of the Company in this regard for the financial year ended March 31, 2013.

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