Indoco Remedies board recommends dividend payment

Indoco Remedies has informed that the board of directors of the company at its meeting held on May 28, 2012, has recommended payment of divided of Rs 1.10 per equity share on the face value of Rs 2 each i.e. 55% for financial year 2011-12 subject to the approval of members in the ensuing annual general meeting.

The above information is part of company’s filing submitted to the BSE.