JL Morison (India) Ltd. announced that the Board of Directors at its meeting held on May 18, 2012, recommended the payment of dividend on Equity shares at the rate of INR 1 (Rupee One only) per share i.e. 10% of the paid up Equity Share Capital of Company for the year ended March 31, 2012 subject to approve the shareholders in the forthcoming Annual General Meeting. Taken on record resignation of Lt. Gen. K. S. Brar with effect from May 18, 2012.