Sangam India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 03, 2006, inter alia, has approved the following:
1. Recommended Dividend of 15 percent on equity for the year 2005-06 and Rs 1.952 million in Equity (Pro-rata) for Preference shares redeemed during the year.
2. Scheme of Amalgamation of SPBL Ltd with the Company. The Swap Ratio for the Amalgamation has been fixed as 1 (one) Equity Share of the Company for 4 (four) equity shares of SPBL Ltd.
Bombay Stock Exchange Ltd
marketing@alchempro.com
