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Ind Swift Laboratories Board recommends dividend

Ind Swift Laboratories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 19, 2008, inter alia, has taken the following decisions:

1. The Board has recommended a dividend of 10% on the Equity Shares of the Company.

2. The Board has allotted 5,69,000 equity shares upon conversion of 5,69,000 Zero Coupon Convertible warrants belonging to Promoters group Companies at a price of Rs 70/- per share.

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