Alkali Metals Board recommends Dividend

Alkali Metals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 17, 2009, has considered the following:

1. Recommended Dividend at 40% on the equity shares (Rs 10/- paid-up) of the Company for the year 2008-09 subject to approval in the 41st Annual General Meeting.

2. It is proposed to hold 41st Annual General Meeting on May 30, 2009.

3. The Statutory Auditors M/s. Avadhani & Co., have tendered their resignation from the conclusion of the 41st Annual General Meeting and they expressed their willingness to continue as Internal Auditors.

4. The Board proposed to appoint M/s. C K S Associates, Chartered Accountants, Hyderabad as statutory auditors.