Mangalam Cement Limited at its board meeting held on May 11, 2019, has recommended a dividend of INR 0.50 per equity share of INR 10 each for the year ended 31 March, 2019, subject to approval of shareholders at the upcoming Annual General Meeting of the Company and shall be paid within 30 days from the date of declaration.

The board approved the appointment of K. C. Jain (the exiting Director) as an Independent Director of the company.