Paradyne Infotech Board recommends 10% Dividend

Paradyne Infotech Ltd has announced that the Board of Directors of the Company at its meeting held on August 24, 2006, inter alia, has approved the following:

1. Recommended a Final Dividend @ 10 % on Equity Shares of the face value of Rs 10/- each of the Company i.e. Re 1/- Per share.

2. The Employees Stock Option Scheme (ESOS) under which options carrying right to acquire up to 5% of the paid up capital of the Company will be issued to eligible employees and non-executive independent Directors of the Company.

Source : Equity Bulls

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