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Board of Swaraj Engines recommends dividend

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Capital Market

Of Rs 15 per share

Swaraj Engines announced that the Board of Directors of the Company at its meeting held on 29 April 2014, inter alia, has recommended an equity dividend of 150% (Rs 15 per share) for the financial year ended 31 March 2014. Following its Investor friendly approach and keeping in view of Company's surplus cash position, the Board, over and above the said normal dividend, has continued with a special dividend payment of 200% (Rs 20 per share) for FY14 as well, taking the total dividend to 350% (Rs 35 per share) for the FY 2013-14.

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First Published: Apr 29 2014 | 8:46 PM IST

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