Zenith Birla Board recommends 6% dividend

Zenith Birla India Ltd has announced that the Board of Directors of the Company at its meeting held on July 10, 2007, inter alia, has transacted the following:

1. The Board has recommended for the payment of Dividend @6% for the financial year ended March 31, 2007 on equity shares of Rs 10/- each fully paid up.

2. Shri. M S Arora, Chief Executive Officer of the Company, has been appointed as an Additional Director and Whole Time Director (designated as CEO & Executive Director) for a period of five years with effect from July 10, 2007. Shri. Arora would be responsible for the day to day operations of the Company.

Shri. Arora's appointment is however, subject to the approval of the shareholders in the forthcoming Annual General Meeting.

Source : Equity Bulls

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