Engineers India Limited has informed the Exchange that "The Board of Directors in its meeting held on Thursday, the 28th January, 2010, considered, inter-alia, the proposal of "Special Interim Dividend - 2009-2010" on Equity Shares and the Board accorded its approval for making application under Section 205-A and other applicable provisions of the Companies Act, 1956 to the Central Government (Department of Company Affairs) and/ or to such other authorities from whom any such approval may be required under any other statue(s), requesting therein to accord approval for the payment of dividend by the Company to its shareholders at the rate of Rs.100/- (Rupees one hundred only) per share of the Company (of the face value of Rs.10/- each) aggregating to a sum of Rs.561.56 crores and dividend distribution tax as applicable thereon out of reserves of the Company, which is otherwise available for distribution. The Board also decided that upon receipt of the approval from the Central Government (Department of Company Affairs / Ministry of Corporate Affairs) and / or such other authorities, as the case may be, the board of directors shall meet again to work out the modalities for declaration and payment of such special interim dividend out of reserves as per the terms and conditions, as may be mentioned in the said approval(s), and to do such other acts and deeds as may be considered necessary in this regard and to do such other things incidental and ancillary thereto".
Source: NSE
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