Letter to a shareholder who claims higher dividend :
ABC LIMITED191 / N - Patricia Avenue
Liverpool – 600 020
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX
August 25 - 2009
326 / H - Raman Nair Street,
Maalyvalley – 682 016.
I am directed to inform you that the Board had given a careful attention to the points raised by you in your letter of August 16 before recommending the declaration of a dividend of 8 percent. Before arriving at this decision, the Board had borne in mind the financial strength of Company and the general conditions of trade.
In the candid opinion of the Board, higher dividend was not justified in the larger interest of the Company.
For ABC LIMITED
(V. RAJAN PETER)