Provogue India Ltd has informed that the Board of Directors of the Company at its meeting held on June 28, 2008, inter alia, has recommended a dividend of 17.50% on the paid up capital of the Company i.e. Rs 1.75 per equity share of Rs 10 each aggregating to Rs 3,99,83,314/-, excluding dividend distribution tax.
The payment of dividend shall be subject to the approval of members at the ensuing Annual General Meeting.
The Company's philosophy of 'creating trends' in fashion, an aggressive marketing strategy, coupled with high profile promotional events and its distribution strategy of retailing through selective stores and malls has resulted in Provogue being now positioned as a leading fashion brand in India.
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