India:Century Textiles Board recommends dividend

Century Textiles & Industries Ltd has informed that the Board of Directors of the Company at its meeting held on May 05, 2008, inter alia, has recommended dividend @ 45% (Forty five percent) on Paid up Equity Share Capital of the Company, for the year ended March 31, 2008 as against 37.50% (Thirty seven and half percent) paid in the previous year by way of interim dividend on equity shares of Rs 10/- each which was treated as final dividend for the year 2006-07.
The dividend when declared by the Company in General Meeting will be paid in accordance with the provisions of the relevant law for the time being in force.
Further the Company has informed that, the Register of Members & Share Transfer Books of the Company will remain closed from July 09, 2008 to July 23, 2008 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting (AGM) of the Company to be held on July 23, 2008.