MAXWELL INDUSTRIES LTD. - Board recommends Dividend

Maxwell Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 09, 2014, inter alia, has approved the following:<br/><br/>1. Recommend dividend of Rs. 5/- per share on 5% Redeemable Preference Shares of Rs. 100/- each for the financial year 2013-14, subject to approval by members at ensuing Annual General Meeting.<br/><br/>2. Recommendation of 0.20 paise (10% on face value of Rs. 2/- each) per share on Equity Shares for the financial year 2013-14, subject to approval by members at ensuing Annual General Meeting.