Relaxo Footwears Ltd: Board recommends Dividend

Relaxo Footwears Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2011, inter alia, has recommended a dividend @ 20% i.e. Re. 1.00 per share subject to the shareholders at the forthcoming Annual General Meeting. This along with the interim dividend of Re. 0.50 per share works out to total dividend of Rs. 1.50 per share for the year 2010-2011.