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Dividend Announcement for 2004-2005

The Board of Directors of Panacea Biotec Ltd. has recommended dividend of Re. 1.50 (150%) per Equity Share for the financial year 2004-05 subject to approval of shareholders at the ensuring Annual General Meeting.

 
Book Closure Dates for the purpose of Dividend

Register of Members and Share Transfer Books of Panacea Biotec Ltd. will remain closed from Wednesday, the 17th August, 2005 to Saturday, the 20th August, 2005, (both days inclusive), to determine the entitlement of shareholders to receive dividend for the year ended 31st March, 2005.

 
Dividend Remittance

Dividend on Equity Shares as recommended by the Directors for the year ended 31st March, 2005, when declared at the meeting, will be paid:

 
  • to those members whose names appear on the Register of Members of the Company, after giving effect to all valid share transfers in physical form lodged with the Company on or before Tuesday, the 16th August, 2005.
     
  • in respect of shares held in electronic form, to those "deemed members" whose names appear in the statements of beneficial ownership furnished by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as at the end of business on Tuesday, the 16th August, 2005.
 
   
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