Corporate announcements

Bank Of Baroda has informed the Exchange that the Board of Directors of the Bank, in its meeting held on May 20, 2005 has: 1) Declared Final Dividend @ 32% (expressed in terms of Rs.3.20/- per share) (In addition to Interim Dividend of 18% for the year 2004-05, paid on March 09, 2005). 2) Fixed May 31, 2005 as Record Date for the purpose of payment of Final Dividend. 3) The Dividend shall be payable on and after June 17, 2005.

Atul Ltd. has informed the Exchange that the BOD's of the Company have proposed dividend of Rs.2/- per equity share for the year ended on March 31, 2005, at their meeting held on May 20, 2005, subject to approval of the members at ensuing AGM to be held on August 05, 2005. Further, the Company has announced the Book Closure from July 01, 2005 to July 05, 2005.

Indraprastha Medical Corporation Ltd. has informed the Exchange that the BODs at its meeting held on May 20, 2005 have recommended the payment of dividend @10% i.e Re.1/- per share for the F.Y. 2004-05.

Lupin Limited has informed the Exchange that at the meeting of the BOD's held on May 20, 2005, the Board recommended for the year ended March 31, 2005, dividend @ 65%, i.e. Rs.6.50 per equity share of the face value of Rs.10/- each, absorbing a sum of Rs.297.5 million (inclusive of tax on dividend). Further, the Company has issued a press release titled 'Lupin FY 05 Net Sales up 4% at Rs.11,611 mn', the details of which shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

State Bank Of India has informed the Exchange that the central board of the Bank at its meeting held on May 20,2005 have declared a dividend of Rs.12.50 per share for the year ended March 31,2005.

Varun Shipping Co. Ltd. has informed the Exchange that at the meeting of the BOD's held on April 28, 2005, the Directors recommended a final dividend of 20% on the equity share capital of the company in addition to the interim dividend of 10% which has already been paid for the year ended March 31, 2005. Further, the Company has issued a press release dated April 28, 2005, titled 'Varun Shipping's Net Profit Vaults Up By 128 Per Cent.' The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Se

Bharat Petroleum Corpn. Ltd has informed the Exchange that the board of directors at its meeting held on May 19, 2005 has declared 2nd interim dividend @75% i.e. Rs.7.50/- per equity share of Rs. 10/- each for the financial year 2004-2005. The company has further informed that the board of directors has fixed June 8, 2005 as the 'record date' for determining the names of shareholders / beneficial owners who would be entitled to the 2nd interim dividend.

Kochi Refineries Limited has informed the Exchange that the board has declared 2nd interim dividend of Rs.3.30 per equity share of Rs.10/- each of the company. The company has further informed that the record date has been fixed as June 07, 2005 for the purpose of 2nd Interim Dividend. The dividend will be paid on or after June 16, 2005.

Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange that the BODs of the company in their meeting held on May 19, 2005 has recommended dividend of 25% (previous year 22%) plus a special dividend of 5% on the occasion of the Silver Jubilee year, totaling 30% on equity shares of the company for the year ended March 31, 2005.

Easun Reyrolle Ltd has informed the Exchange that the BODs of the Company at its meeting held on May 18,2005 has recommended a dividend of 32.5% for the financial year 2004-05.

Hikal Limited has informed the Exchange that the board in its meeting held on May 19,2005 has recommended final dividend at the rate of Rs.6.50 per share(65%) on equity share capital(including interim dividend at the rate of Rs.3.00 per share(30%)) for the year ended March 31,2005,subject to the approval of shareholders in the ensuing AGM. The board has also considered to raise funds through fresh issue of capital upto Rs.100 crores for meeting its expansion and diversification plans.

Himatsingka Seide Ltd has informed the Exchange that the BOD's in its meeting held on May 19, 2005 has recommended 100% dividend for the year ended March 31, 2005 (including 50% interim dividend already paid in November, 2004).

Lumax Industries Ltd has informed the Exchange that in the Board Meeting held on May 18, 2005, the following decisions have been taken: 1) A dividend of 30% has been recommended by the Board for the approval of the members at the ensuing AGM; 2) Change of Auditors : As the Statutory Auditors M/s K.S. Gupta & Co. and Branch Auditors M/s D.R. Barve & Co. are not willing to be re-appointed from the conclusion of the next AGM, the Board has decided to appoint M/s S.R. Batliboi & Co., New Delhi as new Auditors of the Company w.e.f. the next AGM with the approval of the members.

Tata Iron And Steel Co. Ltd. has informed the Exchange that at the board meeting held on May 19,2005 the directors of the company have decided to recommend to the AGM the payment of Rs.13/- per share as dividend to the shareholders for the year ended March 31,2005.

Avaya Globalconnect Limited has informed the Exchange that the Board at its meeting held on May 17, 2005, has recommended payment of dividend of Rs.4.50 per share (45%) on 1,42,33,232 equity shares of Rs.10/- each for the year ended March 31, 2005, subject to the sanction of shareholders in the ensuing AGM. The company has further informed that Mr. Peter Kwan has resigned from the Directorship of the Company w.e.f. April 22, 2005, which was noted by the BODs at its meeting held on May 17, 2005.

Bhansali Engineering Polymers Ltd has informed the Exchange that the BOD's at their meeting held on May 17, 2005, have amongst other matters, considered and approved the following: 1) Recommended a dividend of 10% for the Financial Period ended on March 31, 2005; 2) Approval of Notice of AGM of the Company scheduled to be held on July 23, 2005; 3) Closure of Register of Members and Share Transfer Books of the Company from July 16, 2005 to July 23, 2005 (both days inclusive).

D-Link (India) Limited has informed the Exchange that the BODs at its meeting held on May18,2005 have recommended a final dividend of 80% i.e. Rs.1.60/- per share. The total dividend for the year inclusive of Rs.1.60/-(80%) paid earlier as interim dividend works out to 160% i.e., Rs.3.20 per share.

Ibp Co. Ltd. has informed the Exchange that the Board of Directors, at its Meeting held on May 18, 2005 have recommended payment of Dividend @100% on the Equity Share Capital of the Company for the financial year 2004-05.

Bank Of Maharashtra has informed the Exchange that at the Board Meeting held on May 18, 2005, the Board has declared dividend of 14% for the year ended March 31, 2005.

Sonata Software Ltd has informed the Exchange that dividend at Re.0.35 per equity share, if approved at the ensuing AGM scheduled to be held on June 10, 2005, will be paid to the shareholders on or after June 15, 2005 through Electronic Clearing System (ECS) or by dividend warrants, as applicable.

Yokogawa India Limited has informed the Exchange that the BODs at their meeting held on May 18,2005 has recommended a dividend of 30% for the F.Y. end March 31,2005 subject to approval of share holders.

Kalyani Brakes Ltd has informed the Exchange that the BODs at its meeting held on May 17,2005 has recommended the dividend at the rate of Rs.12/- per share (120%).

Apcotex Lattices Ltd has informed the Exchange that the BODs at their meeting held on May 17,2005 have recommended a dividend of 18%.

Jet Airways (India) Ltd. has informed the Exchange that the board of directors of the company at their meeting held on May 17, 2005 have recommended a dividend of 30% [Rupees three per Equity share of Rs.10/- each) on the Equity Share Capital of the Company for the financial year ended March 31, 2005.

Ocl India Ltd. has informed the Exchange that the directors at their meeting held on May 17,2005 have:1)Recommended dividend @ 50% on equity shares subject to approval of shareholders. 2)Approved raising funds through one or more means viz. private placement on preferential basis, rights issue, public issue of shares, debentures etc. for an amount not exceeding Rs.100 crores subject to approval of shareholders.3)Approved change in denomination of shares to Rs.2/- per share from the existing Rs.10/- per share subject to approval of shareholders.

Salora International Ltd. has informed the Exchange that the BODs of the Company in their meeting held on May 16,2005 has recommended a final dividend @ 25% on paid-up equity share capital in addition to interim dividend @ 25% already paid for the year ended March 31,2005.

Pidilite Industries Ltd has informed the Exchange that the board of directors at their meeting held on May 17, 2005 has recommended a dividend of Rs.10 per equity share (i.e. 100%) payable on 25240000 equity shares of Rs.10 each subject to the approval to the shareholders at AGM.

Shree Cements Ltd has informed the Exchange that the board of directors of the company at their meeting held on May 16, 2005 decided to recommend members of the company payment of dividend @ Rs.4.00 per share for the year 2004-05.

Tata Motors Limited has informed the Exchange that the Directors have, at their Board Meeting held on May 17, 2005, recommended a dividend of 125% (Rs.12.5 per share, including a special dividend of Rs.2.50 per share) on 361751751 Ordinary Shares and any further shares that may be allotted by the Company on conversion of Notes before the book closure. The Company has also announced the book closure from June 27, 2005 to July 11, 2005 (both days inclusive) for the purpose of dividend for the FY ended March 31, 2005. Further, the Company has issued a press release dated May 17, 2005, in respect

Bongaigaon Refinery & Petrochemicals Ltd has informed the Exchange that the BOD's at their meeting held on May 16, 2005, recommended a final dividend of Rs.6/- per equity share of Rs.10/- (fully paid-up) amounting to Rs.11989.07 lakhs for the year 2004-05. Earlier the Company had paid in November 2004 Interim Dividend for the FY 2004-05 amounting to Rs.11989.07 lakhs @ Rs.6/- per equity share of Rs.10 each fully paid up.

The Andhra Pradesh Paper Mills Limited has informed the Exchange that the Board of Directors at thier meeting held on May 14, 2005 have recommended a dividend of Rs.2.50 per share on 1,19,09,840 equity shares of Rs.10/- each (including 79,840 equity shares allotted on April 20, 2005 for the year ended March 31, 2005)

Graphite India Limited has informed the Exchange that the board of directors at its meeting held on May 16,2005 recommended a dividend @ Rs.4.50p per equity share of Rs.10/- each.

The Jammu & Kashmir Bank Ltd. has informed the Exchange that subject to the approval of Shareholders, Bank Proposes to issue dividend warrants to its shareholders on June 08, 2005.

Nagarjuna Construction Co. Ltd has informed the Exchange that the Board at its meeting held on May 16, 2005, have recommended 60% equity dividend for the year 2004-05. The BODs have also recommended subdivision of equity shares of Rs.10/- each into 5 of Rs.2/- each. Further, the Company has issued a press release regarding its results for the year ended March 31, 2005. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Shanthi Gears Ltd has informed the Exchange that the BODs at their meeting held on May 14, 2005, have recommended 50% Dividend subject to approval of shareholders. The Company has announced the book closure from July 01, 2005 to July 11, 2005 for the purpose of dividend (0.50 per equity share of Re.1 each). Further, the AGM of the Company is scheduled to be held on July 11, 2005.

Sundaram Brake Linings Ltd. has informed the Exchange that at the meeting of Board of Directors of the Company held on May 14, 2005, Second Interim Dividend of 50% (Rs.5.00 per share) on the fully paidup equity shares of Rs.10/- each has been declared.

Balrampur Chini Mills Ltd has informed the Exchange that the board of directors of the company at their meeting held on May 14, 2005 has recommended dividend @ 160% i.e. Rs.1.60 per share in 231802000 equity of Re.1/- each for the year ended March 31, 2005 subject to the approval of the shareholders.

Dewan Housing Finance Corporation Ltd has informed the Exchange that the BODs at their meeting held on May 13,2005 have recommended a dividend @ 20% on the expanded Equity Share Capital for full year.

Jb Chemicals & Pharmaceuticals Ltd. has informed the Exchange that the Board of Directors at their meeting held on May 12, 2005 have recommended a Final Dividend of Rs.1.40 (70%) per Equity Share on a capital of Rs.1605.90 lakhs divided into 8,02,95,000 Equity Shares of Rs.2/- each. After considering the Interim Dividend of 50% already paid, the total dividend for FY 2004-05 works out to 120%.The Register of Members and Share Transfer Books will remain closed from July 04, 2005 to July 14, 2005 (both days inclusive) for ascertaining the Members who are entitled for payment of Final Dividend 20

Jindal Steel & Power Ltd. has informed the Exchange that the Board of Directors have, in its meeting held on May 12, 2005, recommended final dividend of 200% i.e. Rs.10/- per equity share of Rs.5/- each on 3,07,92,268 equity shares. Dividend amount including corporate tax on dividend, works out to Rs.3511.08 lacs. The Board had also declared on October 27, 2004 an interim dividend @ 100% i.e. Rs.5/- per share of Rs.5/- each.

Rallis India Ltd. has informed the Exchange that the board of directors at its meeting held on May 13,2005 have recommended a dividend of 10% to equity shareholders .

Torrent Pharmaceuticals Ltd. has informed the Exchange that the board in its meeting held on May 13,2005 has recommended a dividend of Rs.8/- per share. The company has issued a press release on its financial results. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Aarti Industries Ltd. has informed the Exchange that the BODs of the Company at its meeting held on May 11, 2005 have recommended a final dividend at the rate of Rs.0.70 ps/- (7%) per equity share of Rs.10/- each for the FY 2004-2005. The details of the final dividend are as under: (i) Final dividend of Rs.0.70 ps/- (7%) per share on 3,64,04,712 equity shares of Rs.10/- each fully paid up; (ii) Dividend of Rs.0.70 ps/- (7%) per share on 14,74,000 Equity shares of Rs.10/- each reserved on the said shares proposed to be issued pursuant to the Scheme of Amalgamation of Aarti Healthcare Ltd. and A

Datamatics Technologies Limited has informed the Exchange that the Board at its meeting held on May 12, 2005, has taken the following decisions: 1) The Board has recommended a final dividend of 25% for the year 2004-2005; 2) Dr. Lalit S Kanodia, Chairman has been appointed as the Whole-time Director of the Company for a period of five years effective May 16, 2005; 3) Mr. Vidur Bhogilal has been appointed as an additional director of the Company. He was also appointed as an Executive Director of the Company for a period of three years effective May 12, 2005.

Chennai Petroleum Corporation Limited has informed the Exchange that the Board in its meeting held on May 12, 2005 has recommended a dividend of 120% on the equity share capital of the company for the year ended March 31, 2005.

Havells India Limited has informed the Exchange that the BODs at their meeting held on May 12,2005 have decided the following:1)Recommendation of dividend @ 50%(i.e Rs.2.50 per share of Rs.5/- each) for the F.Y. 2004-05.2)The register of members and share transfer books will remain closed from June 28,2005 to July 05,2005(both inclusive) for the purpose of declaration and payment of dividend.3)Issue of bonus shares in the ratio of 1:1 i.e. issue of one equity share as bonus share for every one existing equity share. The record date for the issue of bonus shares will be decided after the AGM.4)

Jbf Industries Ltd. has informed the Exchange that the Board at its meeting held on May 12, 2005, has recommended a dividend @ 20% which is Rs.2/- per equity share of Rs.10/- for the FY 2004-05.

Su-Raj Diamonds (India) Ltd. has informed the Exchange that at the meeting of the BOD's of the Company held on May 12, 2005, the Director's recommended payment of dividend for the F.Y. ended March 31, 2005 (April 01, 2004 to March 31, 2005) @ Rs.1.20 per share (12%). The proposed dividend is subject to the approval of the shareholders at the forthcoming AGM. The dividend after approval of the members at the forthcoming AGM will be paid to the eligible shareholders.

Bajaj Auto Ltd has informed the Exchange that the Board of Directors at their meeting held on May 11, 2005, have recommended a dividend of Rs.25 per share (250%) subject to approval of shareholders.

Adani Exports Ltd has informed the Exchange that the BODs at its meeting held on May 11, 2005 have recommended a dividend of 40%. The company has further informed that Shri Vasant S Adani has resigned as Whole-time Director w.e.f. May 11, 2005 and he will continue as Non-executive Director of the Company.