Tata Consultancy Services Ltd (TCS) has informed BSE that the Board of Directors of the Company at its meeting held on April 21, 2008, has also recommended for approval by the shareholders of the Company at the forthcoming Annual General Meeting of the Company, a Dividend of Re 0.07 per Redeemable Preference Share (RPS) of Re 1/ each of the Company. The dividend on the RPS shall be paid pro rata from the date of allotment of the RPS i.e. March 28, 2008.