NR Agarwal Industries Board recommends dividend

NR Agarwal Industries Ltd has announced that the Board of Directors of the Company at its meeting held on March 20, 2007, has transacted the following:

1. Recommended a Dividend of Rs 1.20 per share on equity shares of Rs 10/- each and 1% on Non-cumulative redeemable preference shares of Rs 10/- each for the year 2005-2006.

2. Decided to convene adjourned annual general meeting of the Company on April 30, 2007 for the purpose of adoption of accounts for the year 2005-2006 and declaration of dividend.

3. The Board of Directors did not declare interim dividend for the year 2006-2007.

Source : Equity Bulls

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