Corporate announcements

Polaris Software Lab Limited has informed the Exchange that the Board in its meeting held on April 27,2005, subject to the approval of members, has recommended a dividend of 35% (Rs. 1.75 Per Share) for the financial year 2004-05.

Orchid Chemicals & Pharmaceuticals Ltd has informed the Exchange that the BODs of the Company at its meeting held on April 27, 2005 have recommended a dividend of 40% (Rs. 4 per share) on the equity share of Rs. 10 each.

New Delhi Television Limited has informed the Exchange that the board of directors has recommended a dividend of 20% per share on its face value of Rs.4/- each.(i.e. Re.0.8 per share) in its meeting held on April 27, 2005.

Indo National Ltd. has informed the Exchange that a dividend of 200% (previous year 200%) has been recommended by the Board for the year ended March 31,2005 in its board meeting held on April 27,2005.

Narmada Chematur Petrochem Ltd has informed the Exchange that the BODs at its meeting held on April 27, 2005, have decided to recommend dividend for the year ended March 31, 2005 @ 15% (i.e. Rs.1.5 per equity share of Rs.10/- each). This dividend is subject to approval of shareholders at the Annual General Meeting.

Marico Industries Ltd. has informed the Exchange that the board of directors of Marico Limited at its meeting held on April 27, 2005 declared a 4th interim dividend of 17.5% (Rs. 1.75 per share of Rs. 10 each) on the enhanced equity base of Rs. 58 crore. The dividend shall be paid paid to the shareholders whose names appear in the register of members as on May 04, 2005.

Punjab Tractors Ltd. has informed the Exchange that the BODs at its meeting held on April 26,2005 have recommended a dividend of Rs.5.50 per share subject to the approval of the shareholders at the Annual General Meeting.

Reliance Industries Ltd has informed the Exchange that the Board at its meeting held on April 27, 2005, have recommended a dividend of Rs.7.50 (Rupees seven and paise fifty only) per fully paid-up equity share of Rs.10/- each. The paid-up equity capital as on March 31, 2005 is Rs.1393.51 crore.

Rajasthan Spg. & Wvg. Mills Ltd. has informed the Exchange that the board of directors at its meeting held on April 27, 2005 recommended a dividend @22% i.e. Rs.2.20 on every Equity share of Rs. 10/- each amounting to Rs. 4.82 crores.

Trent Ltd. has informed the Exchange that at the board meeting held on April 27,2005,the directors have declared payment of interim dividend @ Rs.6/- per share i.e. 60% on 1,31,17,764 equity shares of Rs.10/- each.

Eternit Everest Ltd has informed the Exchange that the BODs at its meeting held on April 26,2005 has recommended a dividend @50% (Rs.5 Per Share) for the finacial year 2004-05 subject to shareholders approval.

Foseco India Ltd has informed the Exchange that the BODs of the Company at its meeting held on April 26,2005, recommended intreim dividend at Rs.2/- per equity share of Rs.10/- each.The record date for the purpose of interim dividend shall be May 13,2005.

Glenmark Pharmaceuticals Ltd. has informed the Exchange that the Board of Directors of the Company at its Meeting held on April 26, 2005 has declared Interim Dividend @ 35% on the Equity Share Capital of the Company for the financial year 2004-2005, after issue of Bonus Shares in the ratio of 1 : 1.

Indian Petrochemicals Corpn. Ltd. has informed the Exchange that the board has recommended a dividend of Rs.4.50(Rupees four and paise fifty only) per fully paid-up equity share of Rs.10/- each.The paid-up equity capital as on March 31,2005 is Rs.248.23 crore.

Ingersoll Rand (India) Ltd. has informed the Exchange that at the meeting of the BODs held on April 25, 2005, the Directors have recommended a final dividend of Rs. 3/- per share (30%) after considering the audited accounts for the year ended March 31, 2005. The final dividend excluding dividend distribution tax will absorb Rs. 9,47,04,000/-. The Company has further informed that the Book Closure date for payment of final dividend for the year ended March 31, 2005 has been fixed as June 17, 2005 to June 24, 2005 and the final dividend if declared will be paid on July 25, 2005.

Indo Rama Textiles Limited has informed the Exchange that in the meeting of the BOD's held on April 26, 2005, the BOD's have recommended a final dividend of Rs.2.00 per share (20%) 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 1, 2005 to July 15, 2005 (both days inclusive).

Nicholas Piramal India Ltd. has informed the Exchange that the BODs at its meeting held on April 26,2005 has decided to maintain the equity dividend at the previous year's level i.e. @ 150% (Rs.3/- per equity shares).The Annual General Meeting has been scheduled to be held on July 07,2005.The register of members and share transfer books would be closed from July 01,2005 to July 07,2005 for the purpose of declaration of dividend.

Nucleus Software Exports Limited has informed the Exchange that the Board has recommended Dividend of Rs.2.50/- per share for the Financial Year ended March 31, 2005 subject to the approval of members in the AGM.

Magma Leasing Limited has informed the Exchange that the BODs at thier meeting held on April 26,2005 considered and recommended a dividend @ 15% on the equity shares for the financial year 2004-05.

Taj Gvk Hotels & Resorts Limited has informed the Exchange that the BOD's at their meeting held on April 26, 2005, have recommended a dividend @ 45% for the financial year 2004/05, subject to the approval of shareholders. Further, the Board has appointed Mr. G V Krishna Reddy as The Executive Chairman of the Company and reappointed Mrs. G Indira Krishna Reddy as the Managing Director, w.e.f. April 26, 2005, subject to necessary approvals.

Ptc India Limited has informed the Exchange that the Board at its meeting held on April 26,2005 has recommended a dividend of 8% on 15,00,00,000 fully paid-up Equity Shares of Rs.10/- each.

Tata Metaliks Ltd has informed the Exchange that the BODs at its meeting held on April 26,2005 recommended a dividend of 60% for the year 2004-05 (2003-04 :35%).The company has further informed that the Register of members and share transfer books of the company will be closed from July 09,2005 to July 26,2005 (both days inclusive) for the purpose of declaration of dividend and AGM to be held on July 26,2005.

3i Infotech Limited has informed the Exchange that the board at its meeting held on April 22,2005 has recommended the full and final dividend on 51,002,841 equity shares of Rs. 10/- each at the rate of Re. 1/- per share for the year ended March 31,2005, which will be paid on approval by the General Body Meeting. The Company has further informed that the date of Annual General Meeting and the Book Closure date for the purpose of dividend declaration would be intimated later.

Astra Microwave Products Limited has informed the Exchange that the board of directors at its meeting held on April 25,2005 have recommended dividend @ Rs.5 /- per share.

Elgi Equipments Ltd has informed the Exchange that the BODs in their meeting held on April 23,2005 have recommended a final dividend of 60% on the total paid-up share capital for the financial year 2004-05. With this the total dividend proposed by the BODs for the financial year 2004-05 is worked out to 100% including the interim dividend of 40% paid on November 25,2004.

Colgate Palmolive India Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on April 25, 2005, has declared a third interim dividend of 15% i.e. Rs 1.50 (Rupee one and paise fifty only) per equity share of Rs 10/- for the financial year ended March 31, 2005. The said interim dividend will be paid on the paid-up equity share capital of Rs 135.99 crores involving a total pay-out of Rs 23 crores (including dividend distribution tax).The said dividend will be payable on or about May 20, 2005 to those shareholdres whose names appear on the Register of Member

Coromandel Fertilisers Ltd. has informed the Exchange that at the board meeting held on April 22, 2005: 1) The BODs recommended a Dividend of 75% for the year ended March 31, 2005; 2) The Board, at the meeting, also decided to convene the AGM of the Company on July 20, 2005; 3) The Board also decided to seek the Members' approval at the AGM to voluntarily delist the Company's equity shares from the Hyderabad Stock Exchange and The Stock Exchange, Mumbai.

Gateway Distriparks Limited has informed the Exchange that the BODs at their meeting held on April 25, 2005 have: 1) approved the payment of interim dividend @ 10% (i.e. Re. 1/- per equity share of Rs. 10/- each) for the financial year ended as on March 31, 2005 and 2) fixed May 11, 2005 as the record date for the payment of the Interim Dividend for the financial year ended as on March 31, 2005.

Jay Bharat Maruti Ltd has informed the Exchange that the Board at its meeting held on April 23,2005 has recommended a dividend @ 35% on 5412500 fully paid-up equity shares of the company for the Financial Year 2004-05.

Hcl Technologies Ltd has informed the Exchange that the Board of Directors have, at their meeting held on April 25, 2005, declared an interim dividend of Rs.4/- per share (200% on an equity share of face value of Rs.2/-). The record date of May 2, 2005 fixed for payment of said interim dividend has been confirmed by the Board of Directors.

Phoenix Lamps Ltd has informed the Exchange that the Board in its meeting held on April 25, 2005, have taken the following decisions : 1) recommended a dividend of 15% i.e. Re.1.50 each on the Equity shares of the Company; 2) Mr. A. K. Agarwal has been re-appointed as Whole Time Director with remuneration; 3) To convene the Annual General Meeting on July 28, 2005; 6) Book closure will be from July 16, 2005 to July 28, 2005 (both days inclusive).

Reliance Capital Limited has informed the Exchange that the BODs in their meeting held on April 25, 2005, recommended a dividend of 30% on equity shares of Rs.10/- each for the financial year ended March 31,2005.

Siemens Ltd has informed the Exchange that at the board meeting held on April 25,2005, an interim dividend of 45%(i.e Rs.4.50 per share) on equity shares of Rs.10 each has been declared.

Wheels India Ltd has informed the Exchange that the Board of Directors at their meeting held on April 25, 2005, considered and declared second interim dividend of 45% on the paid up capital of Rs.9,86,94,440/- divided into 98,69,444 equity shares of Rs.10/- each. The Company has fixed May 10, 2005 as the Record Date and May 24, 2005 as the date of payment for the said purpose.

Ultratech Cement Limited has informed the Exchange that the BODs at the meeting held on April 23,2005 have recommended dividend at the rate of Rs. 0.75 per share of face value of Rs.10/- each for the year ended March 31,2005.

Micro Inks Limited has informed the Exchange that the BODs of the Company at its meeting held on April 23,2005 has recommended dividend of 60% on the equity capital aggregating to Rs.170.2 million including corporate dividend tax of Rs.20.9 million, for the year ended March 31,2005.

Reliance Industrial Infrastructure Limited has informed the Exchange that the board of directors at its meeting held on April 23, 2005 have approved and recommend a dividend of Rs. 3.20 per equity share on the paid up capital of Rs. 15.10 Crores.

Praj Industries Ltd has informed the Exchange that the BODs in its duly convened meeting held on April 23,2005 have declared Second Interim Dividend @72% for the year 2004-05.The record date has been fixed as May 02,2005 to fix the entitlement of Interim Dividend.

Hyderabad Industries Ltd has informed the Exchange that the BODs at their meeting held on April 22, 2005 have recommended a dividend of Rs.2.50 per equity share of Rs.10 each for the year ended March 31,2005.

Macmillan India Limited has informed the Exchange that the board has decided to recommend a final dividend of 45% for the year ended December 2004. Accordingly, The Register of Members and Share Transfer Books will remain closed from June 30, 2005 to July 04, 2005 (Both days inclusive) (Which shall be the Book Closure period).

Vst Industries Ltd. has informed the Exchange that the BODs recommended a dividend @Rs.12.50 for the year 2004-05 (2003-04 Rs.6) which includes the Platinum Jubilee Dividend of Rs.6 per equity share of Rs.10 each. The company has further informed that the dividend will be paid, if approved by the shareholders at the Annual General Meeting.

Wipro Ltd has informed the Exchange that the BODs of the Company at their meeting held on April 22,2005 proposed a final dividend of Rs.5 Share.The Annual General Meeting of the Company is scheduled to be held on July 21,2005 and the share transfer books and register of members will be closed from July 01,2005 to July 11,2005 both days inclusive.Subject to the approval of the members,the dividend will be payable to the members who are on the register of members of the Company as on the opening hours of July 01,2005.

Automative Axles Ltd has informed the Exchange that an interim dividend of Rs.5/- per share is approved at the Board Meeting held on April 21, 2005 and the Record date for the payment will be May 06, 2005.

Godavari Fertilizers Ltd has informed the Exchange that the BOD's of the company at their meeting held on April 21, 2005, have recommended a dividend of 10% for the FY 2004-05.

Gtl Limited has informed the Exchange that the BoDs of the company at their meeting held on April 21, 2005 have recommended a dividend of Rs.1.80 per share on Equity Share Capital for the financial year 2004-2005.

Corporation Bank has informed the Exchange that at the meeting of the BOD's held on April 21, 2005, the Board declared a final dividend of 35% for the year 2004-05. With this, the total dividend payable by the Bank for the year 2004-05, including the interim dividend @ 30% declared by the Board at its meeting held on January 22, 2005 will be 65%. The Bank has further informed that the AGM of the Bank will be held on June 29, 2005.

Etc Networks Limited has informed the Exchange that the board has recommended a dividend @10% for the year ended March 31,2005.The board has also decided to buyback up to 10% of equity shares of the company from open market at a maximum price of Rs.50/- per share.

Jindal Stainless Limited has informed the Exchange that the BOD's of the company in its meeting held on April 21, 2005, has approved payment of 2nd interim dividend on equity shares of the company @ 60% (Re.1.20 per equity share of Rs.2 each) for the FY 2004-05. The said dividend will be paid immediately after the Record Date, i.e. April 29, 2005.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that at the Board Meeting held on April 21, 2005, the BOD's of the Company has recommended a payment of dividend of Rs.3/- per share on equity share of Rs.10/- each for the year ended March 31, 2005.

Shreyas Shipping Ltd has informed the Exchange that the board has, at its meeting held on April 21, 2005 recommended, subject to the approval of the shareholders at the ensuing AGM, final dividend @13% on 19,824,200 Equity shares of Rs. 10/- each for the year ended March 31, 2005.The company has further informed that the board has appointed Mr. Anil Devli as an Additional Director on the board of the company.