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Stock Report
India Cements Board recommends 10% dividend
Posted On : 2007-07-30 00:30:38( TIMEZONE : IST )
India Cements Ltd has announced that the Board of Directors of the Company at its meeting held on July 30, 2007, inter alia, has considered the following:
1. Issued 4,00,00,000 equity shares of Rs 10/- each for allotment to the shareholders of erstwhile Visaka Cement Industry Ltd (VCIL).
2. Recommended a dividend of 10% (Re 1/- per equity share of Rs 10/- each) on the equity shares, for the year 2006-07.
The Register of Members & Share Transfer Books of the Company will remain closed from September 18, 2007 to September 24, 2007 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on September 24, 2007.
