UCAL Limited at Annual General Meeting on September 29, 2023 proposed a final dividend of INR 2 per equity share having face value of INR 10 each on 22,113,625 equity shares be and is hereby declared for the financial year ended March 31, 2023 absorbing a sum of INR 4,42,27,250 and the dividend, if approved by the shareholders, will be paid on or before 28 October 2023 to all the eligible shareholders whose names appear in the register of members of the Company as on 22 September 2023 being the record date fixed for this purpose subject to deduction of tax at source where applicable.