Board of JSW Steel recommends dividend

Of Re 1 per preference share & Rs 11 per equity share

JSW Steel announced that the Board of Directors of the Company at its meeting held on 27 May 2014, inter alia, has transacted the following:

1. Dividend at the stipulated rate of Re 1 per share on the 10% Cumulative Redeemable Preference Shares of Rs 10 each of the Company has been recommended for the year ended 31 March 2014; and

2. Dividend of Rs 11 (110%) per fully paid-up Equity Share of Rs 10 each has been recommended for the year ended 31 March 2014.

The dividend, if declared by the members at the 20th Annual General Meeting (AGM) of the Company will be credited/dispatched to the members on or before 30 days from the date of Annual General Meeting.

Powered by Capital Market - Live News