Greaves Cotton Board Declares Interim Dividend

Greaves Cotton Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2007, inter alia, has transacted the following:1. Declared the Second Interim Dividend at the rate of 20% i.e. Rs. 2/- per share. Thus, the total Interim Dividend for the financial year 2006-07 works out to Rs 4/- per share, including the First Interim Dividend of Rs 2/- per share already declared and paid.2. Reappointed Mr. P Sachdev as Managing Director & CEO of the Company for a further period of 2 years, effective May 04, 2007.