Kamla Dials Board recommends 7.5% final dividend

Kamla Dials & Devices Ltd has announced that the Board of Directors of the Company at its meeting held on May 29, 2007, inter alia, has decided the following:

1. Recommended final dividend @ 7.5% i.e. Rs 0.75 per share for the financial year ending March 31, 2007 to the shareholders.

2. Allotted 2,60,000 equity shares upon conversion of equal number of Zero Coupon Convertible Warrants.

The stock closed the day at Rs.95.15, up by Rs.4.50 or 4.96%. The total traded quantity was 14523 compared to 2 week average of 26363. The stock hit an intraday high of Rs.95.15 and low of Rs.89.10.

Source : Equity Bulls

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