Corporate announcements

Jk Cement Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20, 2008 has recommended a dividend of Rs.5/- (Rs Five only) per equity share for the financial year ended on March 31, 2008.

Ici India Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20, 2008 has recommended a dividend of Rs 8.00 per share for the year (previous year - Rs 27.00 per share - this included one off special dividend of Rs.20/- per share on account of high exceptional income during that year). The dividend will be paid after the approval of the shareholders at the forthcoming Annual General Meeting.

Gujarat Narmada Valley Fertilizer Co. Ltd. has informed the Exchange that the Board of Directors at its meeting held on May 20, 2008 have recommended a dividend of Rs. 4.25 per equity share of Rs 10/- each, (i.e. 42.50%) for the financial year ended March 31, 2008.

Bharat Forge Co. Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20, 2008 have recommend a Dividend of Rs.3.50 per equity share (175%) subject to approval of shareholders.

Dr. Reddy'S Laboratories Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20, 2008 have recommended a final dividend of 75% i.e. Rs. 3.75 per share of the face value of Rs. 5 subject to the shareholders approval.

Nmdc Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 16, 2008 has recommended a final dividend of Rs 214.09 crore (54% of post bonus capital in addition to interim dividends of Rs 437.44 crore (331% on pre-bonus equity) for 2007-08.

Bank Of Baroda has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 20, 2008 has recommend dividend @ 80% (Rupees Eight per equity share of Rs.10/- fully paid up) for the Financial Year 2007-08, for declaration at the ensuing Annual General Meeting of the Shareholders of the Bank.

Suzlon Energy Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20, 2008 has recommended a final equity dividend @ 50% (i.e. Re.1 per equity share of Rs.2 each for the financial year 2007-08 aggregating Rs.149.69 crore, excluding dividend distribution tax).

Imp Power Ltd has informed the Exchange that the Board of Directors by way of Circular Resolution has decided to cancel the Interim Dividend, declared by them. Consequent upon revocation of Interim Dividend, the Board of Directors has also decided to cancel the Record date of 21st May 2008 for the purpose of payment of the Interim Dividend.

The Sandesh Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 16, 2008 has recommended dividend @ 30% i.e. Rs.3.00 per equity shares for the financial year ended March 31, 2008.

The Karnataka Bank Limited has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 19, 2008 have recommended a dividend of 50% on the equity shares.

Honda Siel Power Products Ltd. has informed the Exchange that the Board of Directors at their meeting held on May 17, 2008 have recommended a dividend @ 40% on the equity shares of the Company for the year ended March 31, 2008.

Gemini Communication Limited has informed the Exchange that the Board of Directors at its meeting held on May 19, 2008 has decided the following business as per the agenda of the meeting. (1) Have recommended the dividend of 15% on the paid up equity share capital of the Company. (2) Have recommended to split the equity shares of Rs.1/- each from Rs.5/- per share.

Phoenix Lamps Ltd has informed the Exchange that the Board of Directors at its meeting held on May 19, 2008 have recommended equity dividend at the rate of 40% i.e. Rs. 4.00 per equity share, subject to approval from shareholders.

Magma Shrachi Finance Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 19, 2008 have proposed a dividend of 20% on its Equity Shares and 9.7%, 5%, 7.82%, 0.50% respectively on the various series of its Preference Shares, for the year ended March 31, 2008.

Action Construction Equipment Limited has informed the Exchange that the Board of Directors at its meeting held on May 19, 2008 have inter alia recommended payment of final dividend @ 20% on the paid-up capital share capital of the Company for the financial year 2007-08, subject to approval of the shareholders.

V-Guard Industries Limited has informed the Exchange that the Board of Directors at their meeting held on May 19, 2008 has recommended a Final Dividend of 25% for the Financial Year 2007-08.

Nava Bharat Ventures Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 17, 2008 has recommended dividend on Paid-up Equity Capital @ 300% (a dividend of Rs.6/- per equity Share of Rs.2/- each) absorbing a sum of Rs.43.74 Crores apart from Corporate Dividend Tax of Rs. 7.43 crores for the year 2007-08 (previous year 200% absorbing a sum of Rs.25.09 crore towards Equity Dividend apart from Corporate Dividend Tax of Rs.4.26 crores).

Hindustan Sanitary And Industries Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on May 17, 2008 has recommended payment of final Dividend @ 75% i.e. Rs.1.50 (Rupee One and fifty paisa only) per Equity share of Rs.2/- each, for the year ended March 31, 2008, subject to approval of the Shareholders at the ensuing Annual General Meeting.

Ht Media Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 16, 2008 have also decided the following : (a) Recommendation for approval by the members, payment of 20% dividend on equity shares of Rs.2/- each, at the rate of Re.0.40 per equity share; (b) Convening of the Sixth Annual General Meeting of the Members of the Company held on August 01, 2008; and (c) Closure of the Register of Members and Share Transfer book of the Company from July 24, 2008 to August 01, 2008 (both days inclusive).

Lakshmi Machine Works Ltd. has informed the Exchange that the Board of Directors of the Company at their meeting held on May 19, 2008 have interalia, approved the following:- (1) Board have decided to close the Register of Members and share transfer books of the Company from July 16, 2008 to July 23, 2008 both days inclusive. (2) Board have recommended a final dividend of Rs.25/- Per equity share of Rs.10/- each (250%) for the financial year ended March 31, 2008. (3) The Annual General Meeting of the Company is scheduled to be held on July 23, 2008. (4) The Board of Directors have approved the

Tech Mahindra Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 19, 2008 has recommended dividend of 55% (i.e. Rs.5.50 per Equity Shares of Rs.10 each), for the financial year ended March 31, 2008, subject to approval by members of the Company at the forthcoming Annual General Meeting. Register of Members and Share Transfer Books will remain closed from July 19, 2008 to July 22, 2008 (both days inclusive) for the purpose of Annual General Meeting and for the payment of dividend.

Kolte - Patil Developers Limited has informed the Exchange that dividend at the rate of 17.5% amounting to Rs.1.75 per share has been recommended at the Board of Directors Meeting of the Company held on May 19, 2008, subject to approval of shareholders.

Emkay Share And Stock Brokers Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 16, 2008 has recommended 17.50% dividend on equity shares of Rs.10 each i.e. Rs. 1.75 per share.

Redington (India) Limited has informed the Exchange that the Board of Directors at their meeting held on May 16, 2008 have recommended Rs.3.50 per share i.e. 35% on the paid up share capital of the Company as dividend for the financial year ended March 31, 2008.

Saksoft Limited has informed the Exchange that the Board of Directors at their meeting held on May 16, 2008 has recommended a dividend at the rate of 5% on the face value of the paid up equity share capital for the year 2007-2008 which shall be subject to the approval of the Shareholders in the ensuing Annual General Meeting. The Board of Directors of the Company has fixed September 25, 2008 as the date of Annual General Meeting of the Company. Further, the Board of Directors of the Company pursuant to Section 154 of the Companies Act, 1956 have decided to close the Register of Members and Sha

Bongaigaon Refinery & Petrochemicals Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on May 16, 2008 has recommended a dividend of Rs 5 (Five) per equity share of Rs.10/- each (fully paid up) amounting to Rs.9990.90 lakhs for the year 2007-08.

Dcw Ltd has informed the Exchange that the Board of Directors at their meeting held on May 16, 2008 has recommended payment of 15% dividend i.e. Re. 0.30 per Equity shares of Rs.2 each.

Steel Authority Of India Ltd. has informed the Exchange that subject to the approval of shareholders in the AGM, the Board of Directors in their meeting held on May 16, 2008, have recommended a final dividend @ 18% on paid up equity share capital, in addition to the interim dividend @ 19% already paid, for the financial year 2007-08, thus taking the total dividend to 37% on paid-up equity share capital.

Texmaco Limited has informed the Exchange that the Board of Directors of the Company, at their meeting held on May 16, 2008 has recommended a Dividend of 75 (Seventy five)%. Further, the Board of Directors has approved split of the Company's Equity Shares of Rs.10/- each, into 10 (Ten) Nos. of Equity Shares of Re.1/- (One) each, subject to shareholders' approval.

Tata Investment Corporation Ltd. has informed the Exchange that "The Board of Directors at its meeting held on 16th May, 2008 has, subject to the approval of the shareholders at the ensuing Annual General Meeting recommended a dividend of 150% for the year ended 31 March, 2008, on the ordinary share capital (Previous Year 150%, including 20% as a special dividend on completion of 70 years)".

Edelweiss Capital Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 16, 2008 has recommended dividend @40% (on a equity share par value Rs.5/-) subject to the approval of the members.

Zylog Systems Limited has informed the Exchange that the Board of Directors at its meeting held on May 15, 2008 has recommended a declaration of dividend of Rs. 3/- per share (30%). The Annual General Meeting is fixed on June 27, 2008. The Book Closure for the purpose of share transfer is on June 20, 2008 to June 27, 2008 (both days inclusive).

Vardhman Textiles Limited has informed the Exchange that the Board of Directors at its meeting held on May 15, 2008 have recommended a dividend of 40% on the paid-up share capital of the Company.

Chennai Petroleum Corporation Limited has informed the Exchange that the Board Directors at their meeting held on May 15, 2008 recommended a final dividend of 120%.

Monsanto India Limited has informed the Exchange that in the Board Meeting of the Directors held on May 15, 2008, have taken the following decisions: 1) The Directors have declared a 2nd Interim Dividend as a Special Dividend of Rs.180/- per share for the financial year 2007-2008. This 2nd Interim Dividend has been declared by the Board out of the surplus funds generated by the Company from the recent divestiture of certain businesses that have been approved by the shareholders and accumulated profits. 2) The Record date for the purpose of this 2nd Interim Dividend would be June 03, 2008. The

Zuari Industries Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2008 has recommended an equity dividend of 30%.

Chennai Petroleum Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2008 has declared an interim dividend of 50% on the paid-up equity share capital of the Company.

Voltas Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2008 have recommended Dividend of 135% on the equity shares of Re.1 each for the year 2007-08.

Torrent Power Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2008 has recommended dividend of Rs.1.20 (12%) per equity share of Rs 10/- each on 47,24,48,308 equity shares (free of tax in the hands of shareholders) for the financial year 2007-08.

Punjab National Bank has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 15, 2008 has recommended Annual Dividend @ 130% i.e. Rs.13/- (Rupees thirteen) per Equity Share of Rs.10/- each for the F.Y. 2007-08 to the eligible shareholders, subject to declaration in the ensuing Annual General Meeting.

Ocl India Ltd. has informed the Exchange that the Board of Directors at its meeting held on May 15, 2008 has recommended dividend @ 125% on equity shares subject to the approval of shareholders.

Chambal Fertilizers & Chemicals Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2008 has recommended dividend @ 18% on equity shares.

Plastiblends India Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2008 have recommended a dividend of 70% i.e. Rs. 7.00 per share.

Astra Microwave Products Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 12, 2008 have recommended for members approval payment of Equity dividend @ Rs.0.25 paise per share for the year.

Jk Lakshmi Cement Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 14, 2008 has recommended Equity Dividend of 15% i.e., Rs.1.50 per Equity Shares of Rs.10 each; subject to necessary approval of the Shareholders at the forthcoming Annual General Meeting of the Company (AGM) to be held on July 26, 2008.

Mercator Lines Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 14, 2008 has recommended dividend @110% i.e. Rs. Rs.1.10/- per share on Equity Shares of Re.1/- each for the financial year ended on March 31, 2008.

Syndicate Bank has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 14, 2008 have proposed a Final Dividend of 13% for the year 2007-08 in addition to the Interim Dividend of 15%, subject to approval of shareholders at the Annual General Meeting.

Mro-Tek Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 14, 2008, in addition to interim dividend of 20%(Re. 1 per share) disbursed in February 2008, the Board has now recommended a final dividend of 40% (Re.2 per share) on paid-up equity, for approval of the members at their Annual General Meeting scheduled to be held on June 25, 2008, the total dividend for the year, thereby, totaling 60% (Rs.3 per share). Further the Company has informed the Exchange that the Register of Members and Share Transfer Books of the Company will remain close

Lupin Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 14, 2008 has recommended dividend @ 100% i.e. Rs.10/- per equity share of the face value of Rs.10/- each (including a special dividend @50% i.e.Rs.5/- per equity share) for the year ended March 31, 2008.