Havells India Board recommends 50% dividend

Havells India Ltd has announced that the Board of Directors of the Company at its meeting held on May 15, 2007, inter alia, has decided the following:

1. Recommendation of Divided @ 50% (i.e. Rs 2.50 per share of Rs 5/- each) for the financial year 2006-07.

2. Mr. Richard Owen Pyvis is resigned from the Directorship of the Company.

3. Ms. Josephine Prices is appointed as an additional director of the Company.

Source : Equity Bulls

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