EIL board approves dividend of Rs 3.50 per share

Tags: EIL, Companies
State-owned Engineers India Ltd today said its board has approved payment of an interim dividend of Rs 3.50 per share to its shareholders.

The Board of Directors of the company at its meeting held on March 15 "declared an interim dividend of Rs 3.50 per share (on the face value of Rs 5 each) of the company for the financial year 2013-2014," the company said in a filing to stock exchanges.

The Interim Dividend for 2013-14 on the equity shares of the company shall be payable on and from March 24, 2014.

"The Dividend warrants would be posted on or after March 24 and within 30 days from the date of declaration of dividend as provided in the Companies Act," it added.

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