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Salzer Electronics Board recommends dividend

Salzer Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 11, 2008, inter alia, has transacted the following:

1. The Board recommended a dividend of 18% for the year 2007-08.

2. The Board considered the merger and decided to refer the matter, to a Sub-Committee of the Board, for a detailed consideration and decide on the swap ratio and other related matters and report for a final decision.

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