Vadilal Industries Board recommends dividend of 12%

Vadilal Industries 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 1.20 per share (i.e. @ 12%) on 71,88,230 Equity Shares of Rs 10/- each for the year ended on March 31, 2008, subject to the approval by the Shareholders at the ensuing Annual General Meeting of the Company.