Board recommends Dividend & approves Stock Split

Jamna Auto Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2015, inter alia, has :

1. Recommended dividend of Rs.10.96 lakhs on 12.5% optionally convertible cumulative preference share of Rs. 100 each issued to IFCI Ltd. Dividend, if approved by members at annual general meeting shall be paid on or after September 20, 2015.

2. Recommended final dividend of Rs.2.20 per equity shares of Rs.10 each. Dividend, if approved by members at annual general meeting shall be paid/dispatched on or after September 20, 2015.

3. Approved sub-divide (stock split) of each equity share of the Company having a face value of Rs.10 each into 2 equity shares of the face value of Rs.5 each.

4. Approved re-appointment of Mr. P. S. Jauhar as COO & Executive Director of the Company.

Source : BSE - >www.bseindia.com

Published on May 19, 2015
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