Greaves Cotton Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 18, 2006, inter alia, has recommended a Final Dividend of Re 1/- per share for the Financial Year ended June 30, 2006, which makes a total Dividend for the year to Rs 7/- per shares, including three interim Dividends each of Rs 2/- per share already declared and paid.