Dividend annoucements on BSE and NSE on 24-09-2007

The following are the Dividend annoucements on BSE and NSE stock exchanges on 24-09-2007.

Kalyani Forge declares dividend :The members of Kalyani Forge, at the 28th annual general meeting (AGM) of the company held on Sep. 22, 2007, approved the declaration of dividend at the rate of Rs 2.20 a share on equity shares of Rs 10 each.

IVRCL Infra. declares 50% dividend: The members of IVRCL Infrastructures & Projects at the annual general meeting (AGM) declared 50% dividend for the year ended Mar. 2007.

Bal Pharma declares 7.5% dividend : The members of Bal Pharma at its annual general meeting (AGM) held on Sep. 20, 2007, declared dividend of 7.5%.

Jumbo Bag declares 10% dividend : The shareholders of Jumbo Bag at its annual general meeting (AGM) held on Sep. 24, 2007, declared dividend of 10%.

Shree Bhawani members approve dividend : The members of Shree Bhawani Paper Mills, at the 28th annual general meeting (AGM) of the company held on Sep. 24, 2007, approved the declaration of dividend of 8%, or Rs 0.80 a share on fully paid equity shares of Rs 10 each.

Bhansali Engineering declares 10% dividend : The members of Bhansali Engineering Polymers, at the 23rd annual general meeting (AGM) of the company held on Sep. 22, 2007 declared a dividend of 10%.

Avantel Softech declares 10% dividend : The members of Avantel Softech, at its meeting held on Sep. 21, 2007 declared a dividend of 10%, for the financial year 2006-07.

IKF Technologies declares 5% dividend : The members of IKF Technologies, at its meeting held on Sep. 20, 2007 declared dividend of 5% on equity share of Re 1 each, for the year ended Mar. 31, 2007.

Areva T&D board recommends 60% dividend : The board of directors (BoD) of Areva T&D India, at its meeting held on Sep. 24, 2007, recommended dividend of 60%, or Rs 6 a share for the year ended Dec. 31, 2006.

India Cements declares 10% dividend : The members of India Cements, at its meeting held on Sep. 24, 2007, declared dividend of 10%.

Sagar Cements declare 25% final dividend : The members of Sagar Cements, at the annual general meeting (AGM) of the company held on Sep. 24, 2007, declared a dividend at the rate of 25%.

JBF Industries approves 22.50% dividend : The shareholders of JBF Industries, at the 25th annual general meeting (AGM) of the company held on Sep. 20, 2007, approved 22.50% dividend and also approved increase in FIIs holding from 40% to 49%.