Technocraft Industries Board recommends 15% dividend

Technocraft Industries India Ltd has announced that the Board of Directors of the Company at its meeting held on July 12, 2007, inter alia, has taken the following decisions:

1. The Board recommended the payment of dividend @ 15% on equity shares of Rs 10/- each for the financial year ended March 31, 2007.

2. The Board approved the scheme of merger of Danube Fashions Ltd (100% Subsidiary) into the Company.

Source : Equity Bulls

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