Hikal Ltd has announced that the Board of Directors of the Company at its meeting held on July 05, 2007, inter alia, has recommended final dividend at the rate of Rs 3.50 per share (i.e. 35%) on Equity Share Capital. The Company has paid Interim dividend of 30%, making the total dividend of 65% for the year ended March 31, 2007, subject to the approval of the shareholders in the Annual General Meeting.