The Board of Directors at the meeting held on April 15, 2008 recommended a final dividend of Rs. 7.25 per share (145% on an equity share par value Rs. 5/-) and a special dividend of Rs. 20/- per share (400% on an equity share par value Rs. 5/-). The payment of dividend is subject to shareholders' approval at the annual general meeting to be held on June 14, 2008. The Register of Members and Share Transfer Books will remain closed from May 31, 2008 to June 14, 2008 (both days inclusive) for the purpose of annual general meeting and payment of dividend.
Dividend as recommended by the Board of Directors, if declared at the annual general meeting, will be payable on or after June 14, 2008 to those shareholders/members whose names appear on the Register of Members as on May 30, 2008.
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