Banco Products (India) Limited has announced that the board of directors of the company at its meeting held on January 11, 2017, has approved the interim dividend of INR 5 per equity shares of face value of INR 2 each that is 250% for the financial year ending on March 31, 2017. The board has fixed January 23, 2017 as the record date. The dividend will be paid on or after January 30, 2017.