Rishi Laser Board recommends dividend of 20%

Rishi Laser Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has recommended a dividend of Rs 2/- per Equity Shares of Rs 10/- each.The Board has also approved the Shareholders Agreement to be entered into with Mrs. Rekha Jhunjhunwala and the consequential amendments to Articles of Association of the Company.The Board also approved the re-appointment of Mr. Harshad Patel as a Managing Director on the Board.