Board of Panoramic Universal recommends dividend

Of Re 0.50 per equity share & Re 0.35 per preference share

May 20, 2014 08:05 IST capital market

Panoramic Universal announced that the Board of Directors of the Company at its meeting held on 20 May 2014, inter alia, has discussed and approved the following:

1. The Board recommended a dividend of Re 0.35 per share (i.e. 7%) on 10,00,00,000 fully paid up Cumulative Non-Convertible Redeemable Preference Shares of Rs 5 each aggregating to a payout of Rs 3.50 crore for the year ended 31 March 2014 subject to approval of members.

The dividend, if declared, shall be paid on or before October 26, 2014.

The Board recommended a dividend of Re 0.50 per share (i.e. 10%) on 7,77,45,000 fully paid up Equity Shares of Rs 5 each aggregating to a pay out of Rs 3.88 crore for the year ended 31 March 2014 subject to approval of members.

The dividend, if declared, shall be paid on or before 26 October 2014.

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