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Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2008, inter alia, has recommended the following:

1. A dividend of 1% on 1,50,00,000 preference shares of face value of Re 1/- each on a pro-rata basis from November 26, 2007, the date of allotment till March 31, 2008, for the financial year 2007-08.

2. A dividend of 100% on 4,90,16,610 equity shares of face value of Re 1/- each. The promoters have irrevocably waived their entitlement to dividend on 12,94,77,400 equity shares held by them for the financial year 2007-08.

Tags: Jai Corp Board

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