Board of Modern India recommends dividend

Of Re 0.50 per share

Modern India announced that the Board of Directors of the Company at its meeting held on 16 May 2014, inter alia, has recommended a dividend of 25% i.e. Re 0.50 per equity shares of the face value of Rs 2 each for the year 2013-14 subject to the approval of members in the ensuing Annual General Meeting. Total outgo on account of this including Dividend Distribution Tax is Rs 2.18 crore.

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