MARAL OVERSEAS LTD. - Outcome of Board Meeting

Maral Overseas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2016, inter alia, have recommended Preference Dividend of Rs. 8/- per share on 8% 18,85,400 CRPS of Rs. 100/- each (held by banks and FIs) amounting to Rs. 150.83 lacs for the financial year 2015-16 (exclusive of dividend distribution tax) subject to obtaining approval under Section 462/470 of the Act. The Board of Directors has not recommended any dividend on 3% Cumulative Redeemable Preference Shares held by promoters and on equity shares.