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Manali Petro recommends 75 paise per share

Manali Petrochemicals has recommended a dividend of 75 paise per share for 2005-06. The fully paid equity shares of the company which is Rs. 7.50 per share now, subsequent to the share capital reduction, will be rearranged at the face value of Rs. 5 by a process of consolidation and splitting. Thus holders of two equity shares of Rs. 7.50 will now receive three shares of Rs. 5 each. The company has achieved a net profit of Rs. 34.04 crore on a turnover of Rs. 377.67 crore in 2005-06.

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