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India Nippon Electricals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 21, 2008, inter alia, has passed the following resolution subject to approval by the shareholders of the Company :

- To treat the first interim dividend of Rs 4.50 per share, declared by the Board of Directors of the Company on December 25, 2007 together with the second interim dividend of Rs 2.50 per share declared by the Board of Directors of the Company on March 21, 2008 on 8079080 equity shares of Rs 10/- each fully paid, absorbing a total sum of Rs 565.53 lacs (excluding dividend tax of Rs 96.11 lacs paid) in the aggregate and paid to the shareholders on January 08, 2008 and March 31, 2008 respectively, as the final dividend for the year ended March 31, 2008 and recommended to the General Meeting of the Company.

Tags: India Nippon

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