In continuation to our letter dated 9th May, 2017, 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 May, 2017, while adopting the accounts for the year ended 31st March, 2017 have recommended a dividend at the rate of Rs. 30.00 per equity share of Rs. 10 each, which will be distributed after the declaration of the dividend in the Annual General Meeting to be held on 31st August, 2017.
The comparative details of turnover, profits etc. for the years 2016-2017 and 2015-2016 are also given separately herewith.
Kindly make a note of the above
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