|
Dividends
are declared at the annual general meeting
of our shareholders, based on recommendations
of the board of directors.
The
board recommends dividends at its discretion.
Generally, the factors that the board
may consider before making any recommendation
include (but are not limited to) future
expansion plans and capital requirements,
profit earned during the financial year,
overall financial conditions, the cost
of raising funds from alternative sources,
liquidity, applicable taxes (including
tax on dividend) as well as exemptions
under tax laws available to various categories
of investors from time to time, and money
market conditions.
Dividend
payout
(last
five years)
|
Class
of shares
|
Face
value
|
Year
ended Mar 31, '07
%
|
Year
ended Mar 31, '06
%
|
Year
ended Mar 31, '05
%
|
Year
ended Mar 31, '04
%
|
Year
ended Mar 31, '03
%
|
| Equity
shares |
Rs.
10
|
|
|
|
|
|
|
Interim
|
|
|
-
|
-
|
-
|
-
|
|
Final
|
|
80
|
50
|
45
|
55
|
40
|
|
Total
|
|
80
|
50
|
45
|
55
|
40
|
The
amounts paid as dividend in the past are
not indicative of our dividend policy
in the future.
|
