The directors of Stanrose Mafatlal Investments and Finance Limited recommend a dividend of INR 6 per share (Previous Year INR 6) on 39,67,920 equity shares of INR 10 each aggregating to INR 23.808 million for the financial year ended on 31st March, 2020. If approved by the shareholders at the forthcoming annual general meeting to be held on August 29, 2020, the said dividend will be paid on September 9, 2020 or thereafter, to (i) those shareholders whose names appear on the register of members of the company on August 22, 2020 and (ii) those whose names as beneficial owners are furnished by National Securities Depository Limited and Central Depository Services (India) Limited, for the purpose.