Gujarat State Fertilizers & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2017, inter alia, has recommended a Dividend of Rs. 2.20 per Equity Shares of Rs. 2/- each fully paid-up (i.e. 110%) for the year ended March 31, 2017, subject to approval of shareholders at ensuing Annual General Meeting. Upon approval of shareholders, the dividend declared will be paid within 30 days of declaration.