Shreyas Shipping Board recommends final dividend of 20%

Shreyas Shipping & Logistics Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has recommended, subject to the approval of the shareholders at the ensuing Annual General Meeting, final dividend for the year ended on March 31, 2008, @ 20% on 21,957,533 Equity shares of Rs 10/- each and dividend @ 8.20% on 1,300,000 non-convertible, cumulative, redeemable Preference Shares of Rs 100/- each.The Stock closed the day at Rs.55.25, down by Rs.2.20 or 3.83%. The stock hit an intraday high of Rs.57 and low of Rs.55.The total traded quantity was 1904 compared to 2 week average of 4684.