Century Plyboards (India) board of directors on Tuesday declared an interim dividend of Re 1 for an equity share of face value Re 1 each.
Meanwhile, the company has also informed stock exchanges that in order to retain cash for its ongoing capital expenditure projects, the board of directors reviewed the company's existing dividend policy of distributing one-third of profit by way of dividend. The company said that board "has now decided that till the completion of the ongoing capex projects and subsequent review of the dividend policy, the company will be paying dividend in the band of 10 to 15 per cent of distributable profit for the financial year (including applicable dividend distribution tax)".