Of Rs 5 per share
India Nippon Electricals announced that the Board of Directors of the Company at its meeting held on 23 May 2014, inter alia, has decided to declare a second interim dividend of Rs 5 per share.On 11,310,712 equity shares this will absorb an amount of Rs. 5.65 crore. Together with the first interim dividend of Rs 4 per share declared in January 2014, the total dividend so far declared for the year ended 31 March 2014 would work out to Rs 9 per share.
The Board also decided to recommend to the General Meeting of the Company to treat the aggregate dividend of Rs 9 per share as final for the year.
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