The board of directors of Ador Fontech Limited at its meeting held on May 29, 2023, Board has proposed dividend at the rate of INR 5 (Rupees five) per equity share {being 250% on the nominal value of INR 2 per equity share}, which shall be subject to the consent of the Board of Directors of Ador Welding (in view of the proposed merger between the said companies) at their meeting dated May 30, 2023 and declaration by the Shareholders of Ador Fontech at the upcoming 48th Annual General Meeting.