Madras Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has approved the following business:

1. Payment of Dividend of Rs 20/- per share (comprising a final dividend of Rs 10/- per share and a Golden Jubilee Dividend of Rs 10/- per share). This is in addition to the 1st Interim Dividend of Rs 40/- per share and 2nd Interim Dividend of Rs 10/- per share paid already.

2. Issue of Bonus Shares in the ratio of 1 : 1.

3. Sub-division of each share of Rs 10/- each to 10 shares of Re 1/- each.