26 Apr 07 NICHOLAS PIRAMAL INDIA Limited Results, Dividend and Book Closure

Nicholas Piramal today reported Q4 FY2007 results. Nicholas PiramalÃ‚Â reported a consolidated revenuesÃ‚Â of Rs. 6.4 billion, up 51.7% sequentially compared to the same quarter in the previous financial year. Nicholas Piramal’sÃ‚Â Operating Profit during the period was up 137.9% to Rs. 848.9 million and the Ã‚Â Net Profit was up 262.2% to Rs. 549.5 million.

Nicholas Piramal India Limited has informed the Indian stock exchanges that, the Board of directors of Nicholas Piramal, at their meeting held on April 24, 2007 have recommended a dividend of 25%, which works out to Rs. 0.50 per equity share of face value Rs.2 each. The dividend is subject to statutory approval by the shareholders of Nicholas Piramal at the ensuing AGM on the 14th of June 2007. The register of members and shares transfer books of Nicholas Piramal shall remain closed from June 04 2007 to June 14 2007for the purpose of deciding theÃ‚Â shareholders of Nicholas Piramal Ltd. who are entitled to receive the final dividend.

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