BWI: Polaris Recommends Total Dividend of 100%

Press release from Business Wire India
Source: Polaris Financial Technology Ltd.
Friday, October 12, 2012 02:43 PM IST (09:13 AM GMT)
Editors: General: People; Business: Banking & financial services, Business services, Financial Analyst; Technology
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Polaris Recommends Total Dividend of 100%
Based on Audited Financial Results for 31st March FY12

Chennai, Tamil Nadu, India, Friday, October 12, 2012 -- (Business Wire India) -- Polaris Financial Technology Ltd. (POLS.BO), a leading global Financial Technology Company, today announced that the Board has recommended its' final dividend based on the audited financial results for 31st March FY12.

-- The Board has recommended a final dividend of 60% (Rs. 3 per share) totaling 100% dividend (including interim dividend of 40%) for the financial year 31st March 2012.

-- There is no change in the net profit and EPS (consolidated results) in the Audited Financial Results declared now as against the unaudited results declared in April 2012.

-- Optimus scheme of arrangement (demerger), as approved by High Court of Madras, has been given effect in the audited financial results from 1st October 2011.

About Polaris Financial Technology Ltd.

Polaris Financial Technology Ltd (formerly known as Polaris Software Lab Ltd.) (POLS.BO) is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. Polaris has a talent strength of over 13,500 solution architects, domain and technology experts. The company owns the largest set of Intellectual Properties in the form of a comprehensive product suite, Intellect GUB M180. Intellect is the first pure play SOA based application suite for Retail, Corporate, Investment banking and Insurance.

Polaris is headquartered in Chennai and has offices in all global financial hubs, including Bangalore, Belfast, Chennai, Chicago, Dhaka, Dublin, Dubai, Frankfurt, Hong Kong, Ho Chi Minh City, Hyderabad, Kuala Lumpur, Lisle, London, Madrid, Manila, Melbourne, Mississuaga, Mumbai, Nairobi , Neuchatel, New Delhi, New Jersey, Paris, Pittsburgh, Pune, Riyadh, Santiago, San Francisco, Seoul, Shanghai, Singapore, St. Germain En Laye, Sydney, Thane, Tokyo, Toronto, Victoria and Wicklow. For more information, please visit http://www.polarisFT.com/


CONTACT DETAILS
Minal Sahani, Media , Polaris Financial Technology Ltd., +91 9176626468, minal.sahani@polarisFT.com
G. Sunanthy Devi, Investor, Polaris Financial Technology Ltd., +91 8939933564, sunanthy.g@polarisFT.com

KEYWORDS
PEOPLE, BANKING, BUSINESS SERVICES, Financial Analyst, TECHNOLOGY

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