Dishman Pharmaceuticals Board Recommends 25 Percent Dividend

Dishman Pharmaceuticals & Chemicals board has recommended the final dividend at 25 percent on the paid-up equity share capital of the company, for the financial year 2004-2005. The board has also re-appointed Rajnikant T Vyas as the chairman and managing director of the company, for a further period of 5 years, with effect from July 1, 2005, subject to approval of the members in general meeting. The present term of Rajnikant T Vyas expires on June 30, 2005.

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