Theta limited earned an EBIDT of Rs.25,00,000 during the year 2019-20. The effective tax rate is 30%. The original costs of all the depreciable assets are Rs.100,00,000, where the average useful life of such fixed assets are 19 years and the company estimated their total residual value as Rs.700,000. The company also has a debenture of Rs.500000, paying 5% coupon. The company has Rs.500000 in preference share capital consisting of 50000, 10% preference shares of Rs.10 each and Rs.60,00,000 in equity share capital consisting of 600,000 equity shares of Rs.10 each. The company also has a policy of 80% dividend payout from EAT and it has the following dividend track record: 2018-19: 40%, 2017-18: 45%, 2016-17: 35%, 2015-16: 45%, 2014-15: 50%. How much maximum dividend the company can declare out of its current years profit for 2019-20?