Panoramic Universal to pay dividend on preference shares & equity shares

On 28 October 2015

Panoramic Universal announced that the Board of Directors of the Company at its meeting held on 20 May 2015, inter alia, has discussed and approved the following;

1. The Board recommended a dividend of Re. 0.35/- per share (i.e. 7%) on 10,00,00,000 fully paid up Cumulative Non-Convertible Redeemable Preference Shares of Rs. 5/- each aggregating to a payout of Rs. 3,50,00,000/- for the year ended 31 March 2015 subject to approval of members. The dividend, if declared, shall be paid on or before 28 October 2015.

2. The Board recommended a dividend of Re. 0.50/- per share (i.e. 10%) on 7,77,45,000 fully paid up Equity Shares of Rs. 5/- each aggregating to a pay out of Rs. 388,72,500/- for the year ended 31 March 2015 subject to approval of members. The dividend, if declared, shall be paid on or before 28 October 2015.

 

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