The board of directors of Shanthi Gears Limited at its meeting held on May 9, 2023 has recommended a final dividend of INR 2 per equity share of INR 1 each for the financial year ended 31 March, 2023 as a special dividend to commensurate the completion of 50th year of Shanthi Gears Limited. The said final dividend, if approved by the Members at the upcoming AGM, will be paid within 30 days from the date of the AGM i.e., on or before 21 August, 2023.