Vipul Dye Chem Ltd. announced that the board of directors of the company at its meeting held on May 30, 2015 has recommended the payment of dividend on equity shares at INR 0.80 per share that is 8% of the paid up equity share capital of company for the year ended March 31, 2015, subject to the approval of the shareholders in the forthcoming annual general meeting of the company.

At the meeting the board approved the vacation of Mr. Arvind Patel, Independent Director of the company from the directorship with effect from April 01, 2015.