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Dividend

Dividend

Dividend of 45% (Rs.0.45 per share) for the financial year 2014 - 2015 was approved by the Shareholders at the Annual General Meeting held on June 29, 2015 and paid to the shareholders.

The dividend warrants in respect of the above have been posted to all the shareholders at their registered addresses with the Company/Depositories.

Direct Credit (ECS) to shareholders’ Account has been arranged to those who have opted for it.

Investors may provide details of their Bank Account i.e. name of the Bank, Branch & A/c No. to Depository Participant (DP) in respect of their holdings in electronic form and to the Company in respect of physical holdings to enable printing of the same on the warrant. This will help to avoid any fraudulent interception and encashment of dividend warrant. Warrant will be posted to the registered address, wherever dividend mandate is not registered with the Company.

All NRI shareholders are requested to furnish to the company an address in India and also the details of their Bank Mandate to facilitate credit of their dividend amounts directly to the Bank.

The dividend declared for the year ended March 31, 1995, which remained unclaimed has been transferred to the General Revenue Account of the Central Government in terms of the provisions of Sections 205A of the Companies Act, 1956.

Any dividend, which is transferred to Central Government, may be claimed from the Registrar of Companies, Shastri Bhavan, 26 Haddows Road, Chennai 600 006, Tamil Nadu (by filling up Form II pursuant to the Companies Unpaid Dividend (Transfer to General Revenue Account of the Central Government Rules 1978).

Consequent upon amendment to Section 205A of the Companies Act, 1956 and introduction of Section 205C by the Companies (Amendment) Act, 1999, the amount of dividend remaining unclaimed for a period of seven years shall be transferred to the Investor Education and Protection Fund.

As per the Section 205C, unclaimed dividend for the years from 1996 to 2008 have been transferred to the Investor Education and Protection Fund. Amounts transferred to this fund cannot be claimed.

Rate of Dividend (%) Dividend Amount Rs per
share (Rs 10 face value)
Date of Despatch of
Dividend Warrants
30.00.2000 35 3.50 30.05.2000
24.00.2001 40 4.00 24.07.2001
26.00.2002 45 4.50 26.07.2002
22.00.2003 50 5.00 22.07.2003
29.00.2004 75 7.50 29.07.2004
26.00.2005 100 1.00* 26th July onwards
01.00.2006 120 1.20* 01.08.2006
21.00.2007 150 1.50* 21.03.2007
30.00.2008 150 1.50* 31.07.2008
28.00.2009 100 1.00* 29.07.2009
27.00.2010 150 1.50* 28.07.2010
19.00.2011 200 2.00* 20.07.2011
24.00.2012 100 1.00* 25.07.2012
16.00.2013 60 0.60* 17.07.2013 (ECS)
05.08.2013 (warrant)
No dividend was paid for the year 2013-14
29.00.2015 45 0.45* 04.07.2015
* Re 1 face value