TEXMACO RAIL & ENGINEERING LTD. - Board recommends Dividend

Texmaco Rail & Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, have recommended a Dividend of 25% i.e. Re. 0.25 per fully paid up Equity Shares of Re. 1 each. The Dividend on Equity Share, on approval at the Annual General Meeting is expected to be credited / dispatched to the members around end September, 2016.<BR><BR>The Directors at the said Meeting have also approved an Agreement for purchase of 281 cottahs of land with buildings thereon, adjacent to one of its existing works for expansion of its facilities for a total cost of approx. Rs. 25 Crores.<BR><BR>The Meeting Commenced at 12 Noon and concluded at 3.30 P.M.