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Updates on Dividend

| Updated on December 13, 2017 Published on July 01, 2016

Orissa Minerals Development Company Ltd has informed BSE that in the last Board Meeting on May 26, 2016 the accounts of the Company was passed and the Statement of Audited Financial Results for 4th Quarter and Year ended March 31, 2016, Statement of Assets & Liabilities as on March 31, 2016 and Audited Segment wise Revenue, Results & Capital Employed were uploaded. The Note No. 5 under the Audited Segment wise Revenue, Results & Capital Employed mentions the following: "The Board of Directors has recommended dividend of 15% on the available surplus for the year 2015-16 (i.e.Rs.2.70/- per equity share of Re.1/- each) subject to the approval of the shareholders of the ensuing Annual General Meeting."

There was a typographical error of Dividend per share which should be Rs. 2.66/- per equity share of Re.1/- each instead of Rs.2.70/- per share. There is no change in any other financial figure in Profit & Loss Account, Balance Sheet, Total Dividend Amount & percentage of Dividend.

In the ensuing Board Meeting (in July/August), the Company shall be rectifying the typographical error of Dividend per Share as Rs.2.66 per share in place of Rs.2.70 per share.

Pdf Link: >Updates on Dividend

Source : BSE - >www.bseindia.com

Published on July 01, 2016
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