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Board of Modern India recommends dividend

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Capital Market

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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First Published: May 17 2014 | 12:31 PM IST

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