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| Exchange Disseminated Time | BASF India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2011, inter alia, have recommended payment of dividend on the equity shares @ 80% (Rs. 8/- per share) for the financial year ended March 31, 2011. The dividend, if approved, by the Shareholders will absorb Rs. 346.3 Million (previous year Rs. 326.2 Million). The dividend distribution tax will be borne by the Company would amount to Rs. 57.5 million.
Further the Company has informed that the Board at its aforesaid meeting, appointed Mr. Andy Postlethwaite as Director of the Company in the casual vacancy caused by the resignation of Mr. Hermann Althoff with immediate effect. |
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