Corporate announcements

Jaiprakash Associates Limited has informed the Exchange that the BODs in their meeting held on April 30,2005 have declared an interim dividend of Rs.1.80 per share(18%),absorbing a sum of Rs.31,71,90,566 for the F.Y. ended March 31,2005 payable to the members as on the record date of May 16,2005.

Hindalco Industries Ltd. has informed the Exchange that at the meeting of the BODs of the Company, held on April 30, 2005, the Directors of the Company have recommended to the Company's Shareholders about the payment of the following dividends on Equity Shares for the Financial Year commencing on April 1, 2004 upto March 31, 2005, to the Company's Shareholders. On 9,27,74,797 Equity Shares of Rs.10/- per Share @ Rs.20.00 per fully paid-up Equity Share. The Company has further informed that the Register of Members & Transfer Books of the Equity Shares of the Company will remain closed from July

Icici Bank Ltd has informed the Exchange that the BODs in their meeting held on April 30, 2005 have recommended a dividend of 85 per cent, Rs.8.50 per equity share of face value of Rs.10/- each, subject to requisite approvals.

Hotel Leela Venture Ltd. has informed the Exchange that the BODs of the Company at their Meeting held on April 30, 2005 have : 1) Declared Second Interim Dividend @ 4% on Equity Shares. 2) Noted the nomination/appointment of Mr. Luis Miranda, a Nominee of India Development Fund, as a Director on the Board of the Company. 3) Approved the proposal for setting up of a new five star deluxe hotel at Hyderabad. 4) Approved the proposal to raise funds through issuance of securities to the extent of Rs. 350 crores.

Patspin India Ltd has informed the Exchange that the BODs have considered the following business at their meeting held on April 30, 2005: 1)Recommended a dividend of 6% on the equity shares of face value Rs.10/- per share, subject to approval of the members. 2) AGM of the company has been convened on July 29, 2005. 3) Book Closure has been fixed from July 18, 2005 to July 29, 2005 (inclusive of both days) for the purpose of payment of dividend.

Sterling Biotech Limited has informed the Exchange that the Board at its meeting held on April 30, 2005, have recommended a dividend @ 30% on equity shares i.e. Rs.0.30 on equity shares of Re.1/- each, for the FY ended on December 31, 2004 subject to the approval of the Members at the AGM of the Company.

Xpro India Limited has informed the Exchange that the Board at its meeting held on April 30, 2005, have recommended a dividend of 20%.

Cadila Healthcare Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 29, 2005 recommended the declaration of dividend @120% i.e. Rs.6/- per Equity Share of Rs.5/- each of the Company for the year ended March 31, 2005.

Bank Of India has informed the Exchange that the BODs in their meeting held on April 29,2005 have declared a final dividend of 10% in addition to the interim dividend of 10% paid earlier taking the total dividend for the year 20%.

Hindustan Construction Co. Ltd has informed the Exchange that the BOD's at their meeting held on April 29, 2005, have recommended a dividend of Rs.6/- per equity share.

Grasim Industries Ltd. has informed the Exchange that the BODs of the company at its meeting held on April 29,2005 have recommended payment of dividend on equity shares for the year ended March 31,2005 @ Rs.16 per share.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the BODs at the meeting held on April 29, 2005 have recommended a final dividend @ Rs. 3/- per share for the year ended March 31, 2005 on 190339975 equity shares of Rs. 10/- each. With the interim dividend of Rs. 3.50 per share and Rs. 2.50 per share declared and paid in November 2004 and February 2005 the total dividend for the year works out to Rs. 9/- per share. The final dividend, if approved by the members, will be paid on or after June 28, 2005. Further the company has informed that the Register of Members and the Share Trans

Kojam Fininvest Limited has informed the Exchange that the BODs of the Company at its meeting held on April 29, 2005 have recommended a Dividend @ 10% (i.e. Re.1/- per Equity Share) for the financial year ended March 31, 2005. The company has further informed that the Board of Gujarat Glass Pvt. Limited ('GGPL') the Company's Subsidiary has at its meeting held on April 29, 2005, recommended a dividend @ 30% in respect of its Equity Shares of Rs.10/- each. The Company holds 93,00,000 equity shares of GGPL, representing 53.76% of its equity share capital.

Kirloskar Oil Engines Ltd. has informed the Exchange that at the Board Meeting held on April 29, 2005: 1) The Directors have recommended final dividend @ 75% on the Equity Shares of the Company for the year 2004-05. 2) The Register of Members and the Share Transfer Books of the Company will remain closed from July 5, 2005 to July 15, 2005, (both days inclusive) for the purpose of declaration of final dividend at the AGM. 3) The BODs has decided to introduce an Employee Stock Option Scheme (ESOP), which shall be in conformity with the relevant Securities and Exchange Board of India (SEBI) Regul

Heg Ltd has informed the Exchange that the BODs of the Company at its meeting held on April 29, 2005 recommended payment of dividend @ 30% i.e. Rs. 3.00 per Equity Share of the Company for the period ended March 31, 2005.

Industrial Development Bank Of India Limited has informed the Exchange that at the meeting of the BOD's held on April 29, 2005, dividend at Rs.0.75 per share on equity shares for the six months has been recommended by the Board for adoption by the shareholders.

I-Flex Solutions Limited has informed the Exchange that at the meeting of Board of Directors of the company held on April 29, 2005, the Directors have: 1)Recommended a dividend of 100% i.e Rs.5.00 per equity share, subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.2)Allotted 49,250 ESOP equity shares of the face value of Rs.5/- each to the applicant employees of the company.

Nrc Ltd. has informed the Exchange that the BODs in their meeting held on April 29, 2005, have recommended a dividend of 12% on the equity shares, subject to shareholders' approval.

Punjab National Bank has informed the Exchange that the Board at its meeting held on April 29, 2005, has proposed payment of Final Dividend @ 30% for the financial year 2004-05 on the enhanced Capital amounting Rs.315.30 crore subject to approvals. During the year Bank paid interim dividend @30% on the then Capital amounting Rs.265.30 crore.

State Bank Of Bikaner And Jaipur has informed the Exchange that the BOD's at their meeting held on April 29, 2005, have declared dividend of Rs.100/- per share (face value of share Rs.100/-) for the year ended March 31, 2005 (last year Rs.100/- per share).

State Bank Of Travancore has informed the Exchange that the Board of Directors of the Company at its meeting held on April 29, 2005, has declared a dividend of 75% to the shareholders.

Tube Investments Of India Ltd has informed the Exchange that the BODs at their meeting held on April 29, 2005, have recommended a dividend of 70% (Rs.7/- per share) for the F.Y. ended March 31, 2005. The company has further informed that the transfer books of the company will remain closed from July 15, 2005 to July 29, 2005 (both days inclusive) for the purpose of determining members eligible to receive the dividend. The AGM of the company will be held on July 29, 2005 to consider, interalia, appointment of M/s Deloitte, Haskins & Sells, Chartered Accountants as auditors of the company. The r

United Phosphorous Limited has informed the Exchange that the Board at its meeting held on April 29, 2005, have recommended dividend @ 40% on the equity shares and 7% on the preference shares of Rs.10/- each.

Zensar Technologies Limited has informed the Exchange that the BOD's at their meeting held on April 29, 2005, have proposed a dividend of Rs.2.30 per share (23% on equity share of par value of Rs.10 each) subject to the approval of the shareholders.

Bsl Ltd has informed the Exchange that the BODs in their meeting held on April 28, 2005 have recommended dividend @ 7.50% i.e. Rs. 0.75 per share on Equity share capital of the company for the year 2004-2005 subject to approval by the shareholders of the Company in next AGM.

Ashok Leyland Ltd has informed the Exchange that at the meeting held on April 28, 2005, the BOD's of the Company have recommended a dividend of 100% on the equity shares of the Company, for the year 2004-2005.

Automotive Stampings And Assemblies Limited has informed the Exchange that the BODs at its meeting held on April 28, 2005, has recommended dividend @ 12% (Rs 1.20 per share) on the Equity Shares for the year 2004-05.

Eid Parry India Ltd. has informed the Exchange that the BOD's have, at their meeting held on April 28, 2005, recommended a dividend of 125% (Rs.12.50 per share) on the equity capital for the year ended March 31, 2005. The Company has further informed that the AGM of the Company will be held on July 23, 2005 and the Register of Members and the Share Transfer Books of the Company shall remain closed from July 16, 2005 to July 23, 2005, both days inclusive.

Eid Parry India Ltd. has informed the Exchange that the dividend of 125% as declared by the BOD's at their meeting held on April 28, 2005, shall be paid within 20 days from the date of AGM, (Date of AGM: July 23, 2005)

Godrej Consumer Products Limited has informed the Exchange that at the meeting of Board of Directors of the company held on April 28, 2005, the Board has: 1) Declared a fourth interim dividend @ Rs.5/-per share (125% on the shares of the face value of Rs.4/-each) for the financial year 2004-05. 2) Recommended that the four interim dividends pertaining to the financial year 2004-05 declared by the Board of Directors in their meeting held on July 22, 2004, October 27, 2004, January 22, 2005 and April 28, 2005 and aggregating to Rs.12/-per share (300% on the shares of the face value of Rs.4 each)

Dabur India Ltd has informed the Exchange that the BODs of the Company in its meeting held on April 28, 2005 has recommended the Final Dividend of 150% (i.e. Rs. 1.50 per share) on the equity shares of the Company for the financial year 2004-05 aggregating to Rs. 42.96 crore subject to approval shareholders in the ensuing AGM. Further, the BODs has accepted the resignation of Mr. Amit Burman from the position of executive directorship of the Company w.e.f. May 01, 2005. Mr. Amit Burman will, however, continue as Non-executive director of the Company.

Jayshree Tea & Industries Ltd has informed the Exchange that in the board meeting of the company held on April 28,2005,the directors have recommended a dividend for the year 2004-05 @ 20% i.e. Rs.2/- per share on equity share capital of Rs.10.67 crore. The company has further informed that the share transfer book shall remain closed from June 20,2005 to June 29,2005(both days inclusive) for the purpose of AGM scheduled to be held on June 29,2005.

Kesoram Industries Ltd. has informed the Exchange that the board in its meeting held on April 28,2005 has recommended payment of dividend on ordinary shares for the year ended March 31, 2005 @ Rs.2.50 per share.

Indo Gulf Fertilisers Limited has informed the Exchange that the BODs at their meeting held on April 28, 2005 have recommended payment of dividend @ Rs.2.80 per share on the Equity Shares of the Company for the year 2004-05, subject to Income Tax, as applicable. Further, the Register of Members and Share Transfer Books of the company shall remain closed from August 12, 2005 to August 19, 2005 for the purpose of payment of Dividend. The Company has issued a press release titled 'Indo Gulf Fertilisers Limited, An Aditya Birla Group Company - Posts Good Financial Results - FY 2004-05'. The detai

Subex Systems Limited has informed the Exchange that the BODs at its meeting held on April 28,2005,has decided, inter alia the following:1)Recommendation of dividend @ 20% on the equity share capital of the company. 2)Fixation of date of AGM on July 28,2005. 3)Fixation of Book closure dates from July 22,2005 to July 28,2005(inclusive of both days.) Further, the Company has issued a press release dated April 28, 2005, titled 'Subex FY05 turnover at Rs.116 crores; FY05 Profits up by 45%; Q4 profits up by 66%'. The details of the press release shall be available on the NSE website (http://www.nse

Raymond Ltd. has informed the Exchange that the Board in its meeting held on April 28,2005 has recommended a dividend of 40% on the equity share capital for the year 2004-2005. The dividend if sanctioned by the shareholders, will be paid on or after June 17,2005. The company has further informed that AGM of the company will be held on June 16,2005 and the book closure will be from June 01,2005 to June 16,2005 for the purpose of payment of dividend @ Rs.4.00 per share.

Tata Sponge Iron Ltd. has informed the Exchange that the BODs at its meeting held on April 28,2005 has recommended a dividend of 70% (Rs.7/- per share) on 1,54,00,000 equity shares of the company for the year ended March 31,2005.The cash outflow on account of dividend will be Rs.1078 lakh and for tax on distributed profit will be Rs.151.19 lakh.

Ranbaxy Laboratories Ltd has informed the Exchange that the BOD at its meeting held on April 28, 2005, have approved the following: 1) The Board has recommended a final dividend of Rs.12 per share for the year ended December 31, 2004 taking the total dividend for the year to Rs.17 per share. 2) Share transfer books will remain closed from June 18, 2005 to June 30, 2005 (both days inclusive) for the purpose of determination of entitlement of Final Dividend. 3) Annual General Meeting has been fixed for June 30, 2005. 4) To seek approval of the shareholders at the ensuing Annual General meeting f

Trent Ltd. has informed the Exchange that the payment of dividend (i.e. Rs.6/- per share on equity shares of Rs.10/- each) will be made on May 19, 2005.

Television Eighteen India Ltd. has informed the Exchange that the BOD's of the Company, at their meeting held on April 28, 2005, approved the following: 1) Declaration of 2nd Interim Dividend of Rs.1/- per equity share; 2) Fixed May 18, 2005 as Record date for the purpose of payment of 2nd Interim Dividend.

Aarti Drugs Ltd. has informed the Exchange that the BODs has recommended a Final Dividend of Re.1.60 per share (16%) per equity share for the financial year ended March 31,2005,agreegating the total dividend to Rs.3.00 per share (30%) for the financial year 2004-05.

Indian Rayon & Industries Ltd. has informed the Exchange that the BODs af the company at its meeting held on April 27,2005, have interalia:1)Proposed payment of dividend on equity shares of the year ended March 31,2005 @ Rs.4.00 per equity share of Rs.10/- each.2)Co-opted Mr.Sanjeev Aga as director of the company, he will act as Managing Director of the company.3)Co-opted Mr.G.P.Gupta as a director of the company.

Andhra Bank has informed the Exchange that the BODs of the bank at their meeting held on April 27,2005 declared a final dividend for 2004-2005 @ 15% payable to the shareholders of the bank whose name appear in the register of members as on May 12,2005.The bank has further informed that the register of members will be closed for dividend payout from May 13,2005 to May 25,2005(both days inclusive) and the dividend payout date is May 26,2005.

Ador Welding Limited has informed the Exchange that the board has recommended a dividend of 30% and an additional special dividend of 50% for the F.Y. 2004-2005 on the paid up capital of the company, in their meeting held on April 27,2005.

Carborundum Universal Ltd has informed the Exchange that the Board of Directors at their meeting held on April 27, 2005, have approved the following: 1) The Directors have recommended a dividend of 100% (Rs.2/- per equity share of Rs.2/- each) for the year as against 125% for the previous year; 2) The BOD's have recommended a proposal for issue of bonus shares in the ratio of One equity share of Rs.2/- each for every One equity share of Rs.2/- each held by the shareholders. The new bonus shares would rank for dividend commencing from financial year 2005-06.

Asian Hotels Ltd has informed the Exchange that the BOD's in their meeting held on April 27, 2005, have recommended a dividend of 60% for the year ended March 31, 2005 subject to approval of shareholders of the Company in the AGM. The Company has further informed that the AGM of the shareholders of the Company will be held on June 29, 2005 and the Register of Members and Share Transfer Books of the Company will remain closed from June 21, 2005 to June 29, 2005 (both days inclusive).

Cholamandalam Investments And Finance Ltd has informed the Exchange that the BOD's in their meeting held on April 27, 2005, have recommended a dividend of 50%. The Company has further informed that the AGM of the Company will be held on July 26, 2005 and the Book Closure dates are from July 20, 2005 to July 26, 2005 (both days inclusive).

Indian Overseas Bank has informed the Exchange that the Board in its meeting held on April 27, 2005, have proposed a Final Dividend of 10% i.e., Re.1.00 per Equity share of Rs.10/- each for the financial year 2004-2005. This is in addition to the Interim Dividend declared and paid @ 14% on November 24, 2004.

Hindustan Composites Ltd has informed the Exchange that the BODs in their meeting held on April 27,2005 have recommended a dividend of 10%, in line with the previous year.

Indo Rama Synthetics (India) Limited has informed the Exchange that the BOD's at their meeting held on April 27, 2005, have recommended a final dividend of Rs.3.00 per share (30%) on equity shares for the year 2004-05. The Company has further informed that the AGM of the Company will be held on July 15, 2005 and the Register of Members and Share Transfer Books will remain closed from July 01, 2005 to July 15, 2005 (both days inclusive).