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Kiri Dyes to sign JV pact with HK-based Well Prospering

26
May '08
Kiri Dyes and Chemicals Ltd has informed that the Board of Directors of the Company at its meeting held on May 24, 2008, inter alia, has decided and approved the following:

1. Recommendation of dividend @ 15%, Rs 1.50 per equity share of Rs 10/- each subject to the approval of the members of the ensuing Annual General Meeting.

2. Appointment of Mr. Shanker Patel as additional & Independent Director of the Company. He is also appointed as member of the audit committee of the Company.

3. Sign Joint Venture Agreement with Hong Kong based Company M/s. Well Prospering Ltd for setting up of Dyestuff Plant at village Dudhwada, Taluka Padara district: Vadodara (Gujarat).

Kiri Dyes and Chemicals Ltd


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