Infosys Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 15, 2008, inter alia, has transacted the following items of business:
1. The Board of Directors recommended a final dividend of Rs 7.25 per share (145% on an equity share par value Rs 5/-) and a special dividend of Rs 20/- per share (400% on an equity share par value Rs 5/-).
2. The Company’s current financial policy is to pay dividends up to 20% on net profits. The board has decided to increase the dividend pay-out ratio to up to 30% of net profits effective fiscal 2009.
Further the Company has informed that, the Register of Members and Share Transfer Books of the Company will remain closed from May 31, 2008 to June 14, 2008 (both days inclusive) for the purpose of payment of dividend & Twenty Seventh Annual General Meeting of the Members of the Company will be held on June 14, 2008.
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