Shree Ajit Pulp And Paper Ltd - Board recommends Dividend (AGM on August 30, 2016)

Shree Ajit Pulp And Paper Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2016, inter alia, has recommended dividend @ 7.50%, i.e. Rs. 0.75 per Equity Share on 5356700 Equity Shares of Rs. 10/- each for the year 2015-2016 which if approved at the ensuing AGM scheduled to be held on August 30, 2016, shall be payable on September 20, 2016.<BR><BR>The meeting of the Board of Directors commenced at 4.00 PM and concluded at 6.30 PM.