Ind-Swift Laboratories board not to issue any dividend

Ind-Swift Laboratories has informed that the board of directors of the company at its meeting held on May 30, 2012, have decided to plough back the profit for this year for future corporate needs, so has not declared any dividend on equity shares of the company.

Further the board has allotted 10,000 equity shares to the Independent directors of the company under employee stock option scheme, 2006, at a price of Rs 27 per share.

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