With reference to the earlier announcement dated May 04, 2013 regarding Board recommends Dividend of 25% i.e. Rs. 0.25 per Equity Shares of the face value of Rs. 2/- each for the year 2012-13 subject to the approval of members in the ensuing Annual General Meeting. Total outgo on account of this including Dividend Distribution Tax is Rs. 218.17 Lacs, Modern India Ltd has now informed BSE that the said Dividend point should be read as follows:
'Board recommends Dividend of 25% i.e. 'Rs. 0.50' per Equity Shares of the face value of Rs. 2/- each for the year 2012-13 subject to the approval of members in the ensuing Annual General Meeting. Total outgo on account of this including Dividend Distribution Tax is Rs. 218.17 Lacs.'
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