KNL | Karuturi Networks Limited | Dividend

KNL | Karuturi Networks Limited | Dividend

Karuturi Networks Limited has informed the Exchange that the Board of Directors at their meeting held on August 25, 2008 inter alia transacted the following business: 1) Proposed a dividend of 20% on the paid up equity share capital of the Company. 2) Decided to call for the Annual General Meeting on September 26, 2008. 3) Fixed the Book closure date from September 24, 2008 to September 26, 2008 (Both days inclusive). 4) Confirmed the vesting of 14,24,250 (1,42,425 options prior to stock split) options under the Employees Stock Option Plan of the Company. A total of 42,03,000 (4,20,300 options prior to stock split) options were granted to the eligible employees of the Company under ESOP on August 17, 2007.