The Board of Directors of the Fomento Resorts and Hotels Limited has recommended payment of dividend of INR 7.5 (that is 7.5%) per non-Convertible, Cumulative, Redeemable Preference share, face value of INR 100 each for the year 2018-19 and recommended payment of dividend of INR 1 (that is 10%) per equity share, face value of INR 10 each for the year 2018-19 subject To Approve the shareholders at the upcoming Annual General Meeting.