Sagar Cements Board declares interim dividend

Sagar Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25, 2007, inter alia, has allotted 2,67,568 equity shares against conversion of warrants. With this allotment, the paid-up equity shares of the Company stands increased to 1,33,37,300 of Rs 10/- each aggregating to Rs 13,33,73,000/-.

Further the Company has informed that, the Board has also approved payment of Interim Dividend @ 15% (Rs 1.50 paise per equity share) for the current year ending March 31, 2008.