Andhra Pradesh Paper Board recommends 10% dividend

Andhra Pradesh Paper Mills Ltd has announced that the Board of Directors of the Company at its meeting held on June 27, 2007, inter alia, has recommended a dividend of Re 1/- per share on 2,57,33,555 Equity Shares of Rs 10/- each including equity shares allotted on April 11, 2007 aggregating to Rs 257.34 lacs for the year ended March 31, 2007.

Further the Company has informed that, the Board has also decided to de-list the equity shares of the Company from The Hyderabad Stock Exchange Ltd, subject to approval of the members at the ensuing 43rd Annual General Meeting of the Company.

Source : Equity Bulls

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