In terms of Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we inform you that the Board of Directors of our Company at their meeting held on 30th June 2020 while adopting the accounts for the year ended 31st March 2020 have recommended a dividend at the rate of Rs. 20.00 per equity share of Rs. 10 each which will be distributed after the declaration of the dividend in the Annual General Meeting the date of which is yet to be finalised.