At meeting held on 19 May 2017Mahindra Holidays & Resorts India announced that the Board of Directors of the Company at its meeting held on 19 May 2017, inter alia, has:
1. Recommended a dividend of Rs. 5/- (Rupees Five only) per equity share of Rs.10/- each for the financial year ended 31 March 2017.
2. Recommended issue of Bonus Shares in the proportion of 1:2 i.e. 1 (One) bonus equity share of Rs. 10/- each for 2 (Two) fully paid-up equity shares of Rs. 10/- each held as on the Record Date, subject to the approval of the Members of the Company. The Record Date for this purpose is being informed separately.
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