RSWM Limited in its board meeting held on May 11, 2016, recommended Preference Dividend at 12% per annum that is INR 0.75 per Optionally Convertible Redeemable Preference Share on pro-rata basis from the date of allotment that is May 30, 2015 amounting to INR 10.316 million (exclusive of dividend distribution tax) which shall be paid within 30 days from the conclusion of the Annual General Meeting, subject to the approval of the Shareholders of the Company.

The Board of Directors has recommended 125% that is INR 12.50 per share dividend on Equity Shares amounting to INR 289.359 million for the financial year 2015-16 (exclusive of dividend distribution tax) which shall be paid within 30 days from the conclusion of the Annual General Meeting, subject to the approval of the Shareholders of the Company.

Shri Deepak Jain has been co-opted on the Board as an Additional Director (Independent) by the Board of Directors in their meeting held on May 11, 2016.