Dividend
Taking into consideration our financial performance for the year and the need to conserve resources for the furtherance of business expansion, your board recommends for a dividend payment of Rs.3.50/-(35%) per equity share for 2017-2018 (Rs.2/- in 2016-17) on 1,37,19,582 equity shares of Rs.10 each. The proposed dividend is subject to the approval of shareholders in the ensuing Annual General Meeting of the company. This will result in cash outflow of Rs.579 lakhs including Dividend Distribution tax there on.
Dividend Breakups:
| Financial Year | Dividend Type | Dividend (%) | Dividend Amount (in Lakhs) |
|---|---|---|---|
| 2009-10 | Interim | 30.00% | 412.00 |
| 2009-10 | Final | 10.00% | 137.00 |
| 2010-11 | Interim | 40.00% | 549.00 |
| 2010-11 | Final | 10.00% | 137.00 |
| 2011-12 | Final | 70.00% | 960.00 |
| 2012-13 | Final | 50.00% | 686.00 |
| 2013-14 | Final | 10.00% | 137.00 |
| 2014-15 | Final | 10.00% | 137.00 |
| 2015-16 | Final | 10.00% | 137.00 |
| 2016-17 | Final | 20.00% | 274.00 |
| 2017-18 | Final | 35.00% | 579.00 |
| Total | 4145.00 |