KALYANI STEELS LTD. - Board recommends Dividend

Kalyani Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2014, inter alia, have recommended, a dividend of Rs. 3/- per Equity Share of Rs. 5/- each (i.e. 60%), subject to approval of the shareholders at the ensuing Annual General Meeting.