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L.G.BALAKRISHNAN & BROS.LTD. - Board recommends Dividend (Dropped the proposal of Sub-division of equity shares)
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08 May 2017
LG Balakrishnan &amp; Bros Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2017, inter alia, had considered and approved the following:&lt;BR&gt;&lt;BR&gt;1. The board of directors have recommended a dividend of Rs. 7/- per Share of Rs. 10/- each (70% on the face value of Rs.10/- each) for the financial year ended March 31, 2017, subject to the approval of shareholders in the upcoming Annual General Meeting.&lt;BR&gt;&lt;BR&gt;2. To Board considered and dropped the proposal of Sub-division of equity shares of the Company from face value of Rs.10/- to Re. 1/-.
View all announcements for L.G.BALAKRISHNAN & BROS.LTD. Source: BSE India