CMC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2011, inter alia, has transacted the following:
1. The Board of Directors recommended a dividend of Rs. 20 per equity share (200% on an equity shares of par value of Rs. 10/-) subject to approval of members of the Company at the Annual General Meeting.
2. The Board has also considered issue of Bonus Shares in any other item of the Agenda and proposed issue of bonus shares in the ratio of one equity share for each equity share held subject to the approval of shareholders in the ensuing Annual General Meeting.
Source: BSE Corporate Announcements