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| Exchange Disseminated Time | Sicagen India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2012, inter alia, has :
1. Recommended a dividend of Re. 1/- per equity share (i.e. 10% on the equity capital) for the financial year 2011-12, subject to the approval of shareholders at the ensuing Annual General Meeting.
2. Approved the proposal for reclassification of discontinuing operations of the Company namely Governor Services, Speciality Chemicals and Boat Building as continuing operations commencing from the financial year 2012-13. Accordingly the reporting of Segment wise Revenue, Results and Capital Employed pertaining to Governor Services operation, a division which deals with sale & servicing of Woodward Governors and sale of Norgren products, shall be classified under "Trading Segment" and Speciality Chemicals and Boat Building operations shall be classified under "Manufacturing Segment". |
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