Interim Dividend Declaration by Companies - Response to FM for his DDT increase by 2.5 %

Interim Dividend declaration has been rampant in the last 2 to 3 days after the Budget Proposal to increase the Dividend Distribution Tax by 2.5 %. This has been a big negative for the Government where it might be losing big Tax in case these companies declare huge dividend and not give any dividends or meagre dividend for the next year.

The following companies have informed the exchange about convening a Board Meeting for consideration of Interim Dividend for the Financial Year ending 31st March, 2007 :

Larsen & Toubro 13th March, 2007
Suzlon Energy 12th March, 2007
Asahi India Glass Limited 17th March, 2007
Grasim Industries Limited 12th March, 2007
Maharashtra Seamless 16th March, 2007
National Oxygen Ltd 10th March, 2007
Balkrishna Industries Limited 12th March, 2007
Unichem Laboratories 13th March, 2007
Vardhaman Holdings 10th March, 2007
Praj Industries 12th March, 2007
Vardhaman Textiles 10th March, 2007
Ultratech Cements 12th March, 2007
Zodiac Clothing 10th March, 2007
Greaves Cotton 16th March, 2007
Gateway Distripark 14th March, 2007
Himatsingka Seide 12th March, 2007
Bajaj Electricals 12th March, 2007
JSW Steels 13th March, 2007
Reliance Industrials 5th March, 2007
Godavari Power 5th March, 2007
Esab India 5th March, 2007
KCP Ltd 5th March, 2007
Aditya Birla Nuovo 12th March, 2007
Century Textiles Limited 14th March, 2007
India Card Clothing 13th March, 2007
Electrosteel Casting 13th March, 2007
Valson Industries 12th March, 2007
Hindustan National Board 12th March, 2007
Solvay Pharma 9th March, 2007
Aarti Industries Limited 12th March, 2007
Aarti Drugs Limited 12th March, 2007
Kansai Nerolac Paints 12th March, 2007
Balaji Telefilms 13th March, 2007
Sundaram Fasteners 12th March, 2007
Nestle India Limited 15th March, 2007
ZF Steering Limited 13th March, 2007
Hercules Hoist 12th March, 2007
KLG Systel 12th March, 2007
Ansal Properties 13th March, 2007
Savita Chemicals 13th March, 2007
Apollo Tyres 12th March, 2007
Dabur India 13th March, 2007
Mirc Electronics 12th March, 2007
Taparia Tools 5th March, 2007 @ 70 %
Hindalco 12th March, 2007
Graphite India 12th March, 2007
Cheviot 14th March, 2007
Asian Paints 13th March, 2007
Thermax 13th March, 2007


Other News :
JSW Steel posts 30% growth in Crude Steel production in February 2007
Strides Arcolab receives first NDA approval from USFDA
Gujarat Apollo Industries Ltd has informed BSE that March 23, 2007 has been fixed as the Record Date for the purpose of bonus issue.
Granules has entered into an outsourcing deal with Matchland Pty Ltd for New Product Development.
Moser Baer to form a Special Purpose Vehicle for thin film project for the photovoltaic business.
M&M to submit bid for 43 % of Punjab Tractors
Television Eighteen India Limited has declared interim dividend of 40 % ie. Rs. 2 per paid up share of Rs. 5
Compulink wins new customer in US and UK for its product.