Dwarikesh Sugar members approve 12 per cent dividend

Dwarikesh Sugar Industries Ltd members have declared dividend on redeemable cumulative preference shares at the rate of 12 per cent.

The board has re-appointed G R Morarka, L N Heda and S S Vaidya as directors of the company. The board has appointed B K Agarwal as whole time director of the company.

The members have approved the authorization of the board of directors to contribute to charitable or other, funds, not directly relating to the business of the company or the welfare of its employees not exceeding Rs 1 crore or 5 per cent of average net profits.

Shares of Dwarikesh Sugar were last traded on BSE at Rs 242, up by 0.77 per cent.
- MyIris.com

January 16, 2006