In continuation to our Letter VEDL/Sec./SE/18-19/109 dated October 5, 2018 and pursuant to the provisions of Listing Regulations, we wish to inform that the Board of Directors of the Company through Resolution passed by Circulation on October 10, 2018 have considered the following:
1.Approved the payment of Dividend on 3,010,000,000 Nos. 7.5% Non-Convertible Non-Cumulative Redeemable Preference Shares ('RPS') of face value of Rs. 10 each (ISIN: INE205A04011) for a period from April 1, 2018 till October 27, 2018, as per their terms of issue;
2.Redemption of the aforementioned RPS due on Saturday, October 27, 2018.
As informed earlier, the record date fixed for the purpose of redemption of RPS and payment of dividend is Monday, October 22, 2018.