The Company has informed the exchange that the Board of Directors of the Company at its meeting held on May 22 2022 inter alia has recommended a Dividend @ 50% i.e. Rs. 1/- per Equity Share on the face value of Rs. 2/- each for the financial year ended March 31 2022 subject to the approval of the Shareholders at the ensuing 33rd Annual General Meeting of the Company ("AGM").The Dividend if approved / declared by the Shareholders at 33rd AGM will be paid on and from the second day from the date of AGM. Record date for the entitlement of Dividend and date & timings for ensuing Annual General Meeting of the Company shall be intimated in due course of time.