India Nippon Electricals Ltd: Board declares Third Interim Dividend

India Nippon Electricals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2011, inter alia, has decided to declare a third interim dividend of Re. 1.00 per share. On 80,79,080 equity shares this will absorb an amount of Rs. 80,79,080. Together with the first interim dividend of Rs. 5 per share declared in December 2010 and second interim dividend of Rs. 3.50 per share declared in March 2011, the total dividend so far declared for the year ended March 31, 2011 would work out to Rs. 9.50 per share. The Board also decided to treat the aggregate dividend of Rs. 9.50 per share as final for the year and recommend to the General Meeting of the Company.