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Wednesday, Jul 09, 2003

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Raymond to pay 45%

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MUMBAI: Raymond Ltd has informed the BSE that the following resolutions were passed at the annual general meeting held on June 11, 2003: A dividend of 45 per cent was approved for the financial year 2002-03; Mr P. K. Bhandari was appointed the company's whole time director for five years with effect from April 24, 2003 to April 23, 2008; and delist the company's equity shares from the Kanpur, Kolkata and Delhi stock exchanges, subject to necessary approval and procedures.

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