1. Recommended a dividend of Re 1 per share (10% on the face value of Rs 10 each) on Equity Shares subject to the approval of members at the ensuing Annual General Meeting of the company.

2. Confirmed the payment of Interim Dividend of Rs 10 per share (10%) on 10% Redeemable Cumulative Preference Shares (unlisted) of Rs 100 each as final dividend.