Bemco Hydraulics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 16, 2008, inter alia, has approved the following:

1. Board recommended 11% dividend on 52,732 Redeemable Preference Shares amounting to Rs 5,82,052/-.

2. The Board fixed the forthcoming 50th Annual General Meeting on August 29, 2008 to transact the routine business on agenda namely:

- To receive and approve audited Annual Accounts for the year ended March 31, 2008.

- To reappoint Smt. Urmial Devi Mohta & Shri. N K Daga as Directors who retire by rotation.

- To declare dividend on preference shares.

- To reappoint auditors.

- To reappoint practicing Company secretary.