Date:21/06/2006 URL: http://www.thehindu.com/2006/06/21/stories/2006062103962000.htm

Business

BSE NSE NOTES

Elecon Engineering has stated that a meeting of the board of directors of the company will be held on June 28 to consider and approve the audited annual accounts for the quarter/year ended on March 31, 2006, and declaration of dividend, if any, and to consider sub-division of equity shares of the company.

HMT has stated that HMT (International) Ltd., Bangalore, the wholly owned subsidiary of the company, will set up an Indo-Zimbabwe Technology Centre (IZTC) in Harare and an India Technology Centre (ITC) in Bulawayo. The project valued at Rs. 22.50 crore will be implemented under a grant from Government of India to Government of Zimbabwe and will pave the way for infrastructure development of small and medium enterprises in Zimbabwe.

TTK Prestige, at its board meeting held on June 20, has taken a decision to develop the property of the company in Bangalore as the manufacturing facility situated therein will be phased out in the next 12 months. The company has engaged international consultants for advising it in development of the property and sharing of revenues in the best interest of the shareholders.

Dividends

ELF Trading: 35 per cent (Rs. 3.50 per share); Chettinad Cement Corporation: 50 per cent; Blue Star Infotech: Rs. 2 per share; TTK Prestige:Rs 2.50 per share.