ICSA India Board recommends 30% dividend

ICSA India Ltd has announced that the Board of Directors of the Company at its meeting held on August 28, 2006, inter alia, has discussed and approved the following:

1. Recommended a dividend of 30% for the year ended March 31, 2006 for approval of the shareholders.

2. Recommended to issue 50000 options to the employees of the Company under the ESOS / ESOP 2006 subject to the approval of the shareholders at the ensuing Annual General Meeting & appointment of M/s CIL Securities Ltd, Hyderabad as Merchant Bankers.

3. The 12th Annual General Meeting of the Company to be convened on September 30, 2006.

Source : Equity Bulls

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