Corporate announcements

Finolex Cables Ltd. has informed the Exchange that the BoDs at its meeting held on May 02, 2006, recommended dividend @ 60 % (Rs.6.00 per Equity Share) for the financial year ended March 31, 2006.

Basf India Ltd has informed the Exchange that the Board of directors in its meeting held on May 02, 2006 recommended payment of dividend of 70% on equity shares for the financial year ended March 31, 2006.

Bhushan Steels & Strips Ltd has informed the Exchange that the BoDs at its meeting held on April 30, 2006, considered and approved : Recommendation of dividend @25% for the year ended March 31, 2006.

Alstom Projects India Limited has informed the Exchange at the Board meeting held on May 02, 2006, the Board of Directors have approved the following: (a) A dividend of Rs.4 per share has been recommended by the Board of Directors of the Company for the year ended on March 31, 2006. (b) An amount of Rs.46321 thousands available for appropriation has been transferred to the General Reserve.

Carborundum Universal Ltd has informed the Exchange that the BoDs at its meeting held on April 29, 2006 recommended a final dividend of 60% (i.e.Rs.1.20 per equity share of Rs.2/- each). A Special Interim Dividend of 120% was declared at the meeting of the BoDs held on March 18, 2006 and the same has already been paid.

Andhra Bank has informed the Exchange that the BoDs of the Bank at its meeting held on April 29, 2006 declared a dividend for 2005-2006 @35% payable to the shareholders of the Bank. The register of Members will be closed for dividend payout from May 16, 2006 to May 25, 2006 (both days inclusive) and the dividend payout date is May 26, 2006.

Alembic Limited has informed the Exchange that the Board of Directors has recommended dividend @ 50% (i.e. Rs.5/- per Equity Share) on 2,76,90,981 Equity Shares for the year ended on March 31, 2006.

Ador Welding Limited has informed the Exchange that the Company had declared an Interim Dividend for the year 2005-06 at Rs.5/- per share (50% of the face value of Rs.10/- each). The Board at its meeting held on April 28, 2006, recommended a Final Dividend of Rs.5/- per share (50% of the face value of Rs.10/- each) and a Special Dividend of Rs.5/- per share (50% of the face value of Rs.10/- each). The total dividend for the year 2005-06 alongwith the interim dividend and Special dividend, works out to Rs.15/- per share (150% of the face value of Rs.10/- each).

Ashok Leyland Ltd has informed the Exchange that the BoDs of the Company have recommended a dividend of 120% on the equity shares of the Company for the year 2005-2006.

Eicher Motors Ltd has informed the Exchange that the board at its meeting held on April 29, 2006 has recommended 40% dividend on the equity capital, subject to approval of the shareholders.

Eicher Limited has informed the Exchange that the Board at its meeting held on April 29, 2006 has recommended 15% dividend on the equity capital, subject to approval of the shareholders.

Jaypee Hotels Ltd has informed the Exchange that the Board of directors in its meeting held on April 29, 2006 has recommended a dividend of @18% (i.e. Rs.1.80 per equity shares) per equity Shares of Rs.10/- each.

Hindalco Industries Ltd. has informed the Exchange that at the meeting of the BoDs of the Company held on April 29, 2006, the Directors of the Company have recommended the payment of the following dividends on Equity shares for the Financial Year commencing on April 01, 2005 upto March 31, 2006, to the Company's Shareholders. 220% being Rs.2.20 per share on 92,77,47,970 fully paid-up Equity Shares of Re.1/- each and Rs.0.55 per share on 23,15,21,031 partly paid-up equity shares of Re.1/- each which are paid up to the extent of Re.0.25 per share.

Infrastructure Development Finance Company Limited has informed the Exchange that the Board of Directors at thier meeting proposed a dividend @ 10 %, subject to the approval of the members at the ensuing Annual General Meeting.

Jk Cement Limited has informed the Exchange that the BoDs at their meeting held on April 29, 2006 have recommended an equity dividend of Rs.1.50 per share of the face value of Rs.10/- per share.

Jet Airways (India) Ltd. has informed the Exchange that the BoDs at its meeting held on April 29, 2006 has recommended a dividend of 60% (Rs.6/- per equity share of Rs.10/- each) on the Equity Share Capital of the Company for the financial year ended March 31, 2006.

Icici Bank Ltd has informed the Exchange that the BoDs at its meeting held on April 29,2006 have recommended dividend for the year ended March 31, 2006 as under : (1) A dividend of 0.001 per cent, i.e.Rs.100/- per preference share on 350 preference shares of the face value of Rs.1 crore each and (2) A dividend of 85 per cent, i.e. Rs.8.50 per equity share of face value of Rs.10/- each, subject to requisite approvals.

Oriental Bank Of Commerce has informed the Exchange that the BoDs at its meeting held on April 29, 2006 have declared dividend @45% subject to the permission by RBI.

Micro Inks Limited has informed the Exchange that the BoDs of the Company at its meeting held on April 29, 2006 has recommended a dividend of 60% on the equity Capital aggregating to Rs.170.16 million, including corporate dividend tax of Rs.20.93 million for the year ended March 31, 2006.

Shopper�S Stop Limited has informed the Exchange that that the Board of Directors in its meeting held on April 29, 2006 has recommended dividend of 15% on the equity share capital of the Company, subject to necessary approval by members in the ensuring Annual General Meeting.

State Bank Of Travancore has informed the Exchange that the BoDs of the Company at its meeting held on April 29, 2006 have declared a dividend of 100% for the year ended March 2006.

Universal Cables Ltd has informed the Exchange that the Board of Directors in its meeting held on April 29, 2006 have announced an interim dividend @Rs.2/- per share (i.e.20%) for the year 2005-06.

Vst Industries Ltd. has informed the Exchange that the Board of Directors in its meeting held on April 27, 2006 recommended dividend @Rs.12.50 for the year 2005-06 (2004-05 -Rs.12.50 which includes the Platinum Jubilee Dividend of Rs.6 ) per Equity Share of Rs.10 each.

Allsec Technologies Limited has informed the Exchange that the BoDs at its meeting held on April 28, 2006 has recommended a maiden dividend of 50% for the year ended March 31, 2006 which is subject to the approval of the shareholders in the ensuing AGM of the Company.

Bank Of India has informed the Exchange that the BoDs at its meeting held on April 28, 2006 have declared a dividend of 30%.

Aditya Birla Nuvo Limited has informed the Exchange that the Board of Directors in its meeting held on April 28, 2006 Proposed payment of dividend on Equity Shares for the year ended March 31, 2006 @Rs.5 ( Rupees Five Only ) per equity share of 10/- each.

Ajanta Pharma Limited has informed the Exchange that the BoDs at its meeting held on April 28, 2006 have recommended the dividend @ Rs.1.50 per share, subject to the approval of the shareholders at the ensuing AGM to be held on September 29, 2006.

Apcotex Lattices Ltd has informed the Exchange that the BoDs at its meeting held on April 28, 2006 have recommended a dividend of 20%.

Cadila Healthcare Limited has informed the Exchange that the BoDs at its meeting held on April 28, 2006 have subject to the approval of the shareholders at the forthcoming AGM of the Company recommended a dividend @120% i.e. Rs.6/- per equity shares of Rs.5/- each fully paid-up and a bonus issue of equity shares in the ratio of ONE equity shares of the Company of Rs.5/- each ONE equity share of the Company held by the shareholders of the Company.

Blb Limited has informed the Exchange that the BODs of the Company at their meeting held on April 28, 2006 has declared an Interim Dividend @ 10% for the quarter ended on March 31, 2006. Further, the Company has informed that May 16, 2006 would be the record date for the payment of Interim Dividend.

Gateway Distriparks Limited has informed the Exchange that the Board of Directors at their meeting held on April 28, 2006 have (1) approved the payment of Interim Dividend @ 15% (ie. Re.1.50/- per equity share of Rs.10/-each) for the financial year ended as on March 31, 2006 and (2) Fixed May 15, 2006 as the record date for the payment of the second Interim Dividend for the financial year ended as on March 31, 2006.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Board of Directors in its meeting held on April 28,2006 have declared an interim dividend of Rs.3.50 per share to the equity shareholders of the Company which will be paid to the equity shareholders on or after May 15,2006. The Board of directors has decided that there will be no further dividend for the financial Year ended March 31,2006.

Elgi Equipments Ltd has informed the Exchange that the Board of Directors at their Meeting held on April 24, 2006, have recommended a final dividend of 60% on the paid up share capital of the company for the financial year 2005-2006. This, together with the interim dividend of 40% amounts to 100% dividend on (1) On fully paid shares (60,000,000) of Re.1/- each -Rs. 36,00,000/- (2) On partly paid shares (18,174,240) of Re.15 each -Rs.1,635,682/-.

Finolex Industries Ltd. has informed the Exchange that the Board of Directors in its meeting held on April 28, 2006 has recommended dividend of 15% (Rs.1.50 per share) for the year ended March 31, 2006 and an additional silver jubilee dividend of 15% (Rs.1.50 per share) aggregrating to 30% (Rs.3 per share).The board has also approved the setting up of Special Economic Zone under Special Economic Zone Act, 2005.

Gail (India) Limited has informed the Exchange that the BoDs of the Company in the meeting held on April 28, 2006 have recommended payment of final dividend @ 20% on the paid-up share capital of the Company for the Financial Year 2005-06, which is in addition to interim dividend @ 60% and special interim dividend @ 20% on the paid up share capital, already declared and paid.

Emkay Share And Stock Brokers Limited has informed the Exchange that the Board of Directors at their meeting held on April 28,2006 has recommended a dividend @10% on equity shares of Rs.10/- each on post issue equity capital of Rs.2415 Lacs, absorbing Rs.275 Lacs including dividend tax.

Jayshree Tea & Industries Ltd has informed the Exchange that the BoDs at its meeting held on April 28, 2006 has recommended a dividend of 25% i.e. Rs.2.50 per share.

Kec International Limited has informed the Exchange that the Board of Directors in its meeting held on April 28, 2006 : (1) Approved the proposal to recommend a dividend of One Rupee and Twenty Paise per fully paid up Equity Share of Rs.10/- each in the Company. (2) Appointed Dr. Vinayshil Gautam as an Additional Director of the Company to hold office until the conclusion of the next Annual General Meeting.

Kewal Kiran Clothing Limited has informed the Exchange that the Board at its meeting held on April 24, 2006 has recommended a dividend @ 15% on 1,23,25,037 fully paid equity shares of Rs.10 each.

Hindustan Construction Co. Ltd has informed the Exchange that the BoDs at its meeting held on April 28, 2006 has recommended a dividend of Re.0.70 per equity share of Re.1 each.

Ingersoll Rand (India) Ltd. has informed the Exchange that the meeting of the Board of Directors of the Company held on April 28, 2006, recommended payment of a final dividend of Rs. 3/- per share.The final dividend (excluding dividend distribution tax) will absorb Rs. 84,704,000/-.

Kpit Cummins Infosystems Limited has informed the Exchange that the Board of Directors at their meeting held on April 27, 2006 recommended dividend @35% for FY 2005-2006 (Rupees 1.75% per equity Share of Rupees 5/- each).

Orchid Chemicals & Pharmaceuticals Ltd has informed the Exchange that the BoDs at its meeting held on April 28, 2006 have recommended a dividend of 30% (Rs.3/- per share) on the equity shares of Rs.10/- each.

Magma Leasing Limited has informed the Exchange that the BoDs at their meeting held on April 28, 2006 considered and recommended a dividend @18% on the Equity Shares and @ 9.70%, 12.25% and 13.25% on the preference shares for the financial year 2005-06.

Macmillan India Limited has informed the Exchange that the BoDs at its meeting held on April 28, 2006 recommended a final dividend payment of 45% for the year ended December 2005 to be paid to the shareholders.

Prime Securities Limited has informed the Exchange that the BODs of the Company at their meeting held on April 28, 2006 has recommended a dividend on Equity Shares @ 25% (i.e.Rs. 1.25 per share of face value of Rs.5/- each)for the year ended on March 31, 2006.

Ptc India Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on April 28, 2006 has considered and recommended 10% dividend for the FY 05-06 and Appointed Shri S.P. Sen as part-time Director.

Sterlite Optical Technologies Limited has informed the Exchange that the Board of Directors in its meeting held on April 28, 2006 has recommended a dividend at the rate of 10% for the year subject to the approval of the shareholders.

Union Bank Of India has informed the Exchange that the BoDs at its meeting held on April 28, 2006 have proposed a dividend of 35% for the financial year 2005-06.

Tamilnadu Petroproducts Ltd. has informed the Exchange that the BODs of the Company at their meeting held on April 28, 2006 has recommended payment of 10% as dividend for approval of the shareholders.