Board recommends Dividend

| Updated on April 26, 2016 Published on April 26, 2016

Tata Sponge Iron Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2016, inter alia, has recommended / decided the following:

1. The Board has recommended a dividend of Rs. 10/- per equity share (i.e. 100%) on 1,54,00,000 equity shares of the Company for the year ended March 31, 2016. Subject to shareholders approval at the ensuing Annual General Meeting, the cash outflow on account of dividend will be Rs. 1540 lakh.

2. It has been decided to hold the Thirty-third Annual General Meeting of the Company on July 26, 2016 at 10:00 a.m. at "Lake View Recreation Centre" at TSIL Township, Joda, Dist-Keonjhar, Odisha - 758 034.

Source : BSE - >www.bseindia.com

Published on April 26, 2016
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