Mayur Uniquoters Ltd: Board recommends Dividend

Mayur Uniquoters Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2011, inter alia, discussed and approved the following :

1. Recommended the payment of final dividend @ 45% i.e. Rs. 4.50/- per Equity Share of the face value of Rs. 10/- each for the year ended March 31, 2011, subject to approval by the shareholders in the ensuing Annual General Meeting. The said dividend if confirmed by the members in the Annual General Meeting will be paid on or after July 01, 2011 to the persons whose name appear in register of member/ list of beneficial owners as on the date of book closure.

2. Recommended the re-appointment of Shri Manav Poddar who is liable to retire by rotation at this Annual General Meeting.

3. Recommended the re-appointment of M/s Madhukar Garg & Co., Statutory Auditors of the Company to hold office from the conclusion of ensuing Annual General Meeting till the next Annual General Meeting of the Company, as per the recommendations made by the Audit Committee and fixation of their audit fees, subject to approval of shareholders in the ensuing Annual General Meeting.