The Board of Directors of the Company at its meeting held today i.e. May 30, 2017, inter alia, has recommended payment of dividend of Rs. 7.5/- (i.e. 7.5%) per Non-Convertible, Cumulative, Redeemable Preference share, face value of Rs. 100/- each for the year 2016-17 and also recommended payment of dividend of Re. 1/- (i.e. 10%) per equity share, face value of Rs. 10/- each for the year 2016-17 subject to the approval of the shareholders at the ensuing Annual General Meeting..