Panama Petrochem declares Interim Dividend

Panama Petrochem has informed that the board of directors of the company at its meeting held on November 14, 2011, has approved the notice pertaining to the alteration in object clause of Memorandum of Association of the Company and declared of interim dividend at the rate of Rs. 3 per equity share (30%) of Rs. 10 each for the financial year 2011-12.

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