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Board of Safari Industries (India) approves sub-division of shares

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Capital Market
Last Updated : May 23 2017 | 10:49 PM IST

At meeting held on 23 May 2017

Safari Industries (India) announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, has transacted the following:

1. Recommended dividend of Rs. 2/- (20%) per equity share of Rs. 10/- each for the financial year 2016-17. The said dividend is subject to the approval of the Members of the Company at the ensuing Annual General Meeting. The Dividend, if approved, by the Members of the Company, will be paid on or before 30 September 2017.

2. Sub-division of existing shares of Rs.10/- each to Rs. 2/- each, subject to the approval of the Members of the Company w.e.f. a record date fixed by the Board/ Committee in this regards.

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First Published: May 23 2017 | 7:07 PM IST

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