Teledata Informatics Limited has informed the Exchange that "Board of Directors of our company, decided in their meeting held on 5th November, 2007 to defer the declaration of interim dividend for the Financial Year 2007-08 till listing/relisting of following entities, namely (1) Teledata Informatics Ltd. (2) Teledata Marine Solutions Ltd. (3) Teledata Technology Solutions Limited.
This was due to the decision taken by the Board of Directors of our company that the shareholders should be entitled for dividend in all three companies (including Teledata Informatics Ltd.) which would be possible only after getting the shares of Teledata Marine Solutions Ltd. and Technology Solutions Limited listed both in NSE and BSE. But the corporate action for listing of shares of Teledata Marine Solutions Ltd. and Technology Solutions Limited would be possible only after 23.11.2007, as being the record date to reckon the name of shareholders of the Company, those who are eligible to get shares allotted both in Teledata Marine Solutions Ltd and Teledata Technology Solutions Limited. Thus, keeping in view the above situation, the Board of Directors has decided to have their meeting to consider declaration of dividend of all three companies upon listing of shares of all the above companies".