Mac Charles India Ltd. announced that the Board of Directors of the company at its meeting held on July 30, 2013 approved the recommended a dividend of 60% that is INR 6 per share on the equity share capital of INR 131.0 million divided into 13,101,052 equity shares of INR 10 each, for the financial year 2012-2013.

The board also approved appointment of Mr. Suresh Vaswani as Independent, Non-Execute Director on the Board with effect from July 30, 2013.