LEEL Electricals Limited, at its board of directors meeting held on May 30, 2017 has recommended a final dividend of INR 1.50 per equity share of face value of INR 10 each (15%), aggregating to INR 7,280 million for the financial year 2016-17, subject to the approval of the shareholders in the upcoming annual general meeting of the company and will be paid within 30 days of conclusion of AGM.

The company also announced declaration of special dividend of INR 20 per equity share of face value of INR 10 each (200%) out of proceeds of sale of Consumer Durable Business, aggregating to INR 97,080 million (including dividend distribution tax). The record date for the purpose of payment of special dividend has been fixed as June 09, 2017 and the dividend shall be paid on or before 30 days from the date of declaration.