Bengal & Assam Company Ltd: Board recommends Dividend

Bengal & Assam Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended for declaration at the Annual General Meeting a dividend of Rs. 4 per share i.e. 40% on the 86,83,553 Equity Share of Rs. 10 each for the Financial year ended March 31, 2011. If approved at the Annual General Meeting the dividends will absorb Rs. 347.34 lacs.