Modern India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 04, 2008, inter alia, has recommended a final dividend of 10% i.e. Re 0.20 per Equity Shares of the face value of Rs 2/- each for the current year subject to the approval of members in the ensuing Annual General Meeting including 10% Interim Dividend recommended by the Board of Directors on October 23, 2007. The Total Dividend recommended for the year is 20% i.e. Re 0.40 per equity Share.