CARE Ratings Ltd. announced that the Board of Directors of the company at its meeting held on May 22, 2018, has recommended, subject to the approval of shareholders a final dividend of INR 37 per equity share of face value of INR 10 each for the financial year 2017-18, of which INR 12 in the normal course and balance INR 25 as a special dividend to mark the celebration of successful completion of 25 years.