GTL Ltd appoints committee to consider India E-Secure merger

New Delhi, July 31 (UNI) GTL Ltd today said it has appointed a committee of Directors to consider the merger/amalgamation of India E-Secure, the company's wholly-owned subsidiary.

The committee will also look into the merger of other subsidiaries as well, and put up a comprehensive proposal for the consideration of the Board.

This was decided at the meeting of the Board of Directors of the company held today.

Besides, GTL has also recommended a one time Special dividend of 180 per cent (Rs 18 per share) subject to the shareholders approval, as well as a regular dividend of 20 per cent (Rs 2 per share) on the equity share capital for the fifteen-month period ended June 30, 2006.

Meanwhile, GTL Ltd posted a net profit of Rs 42.18 crore for the quarter ended June 30, 2006, as compared to Rs 7.85 crore in the corresponding quarter last year.

The company's total income also rose to Rs 144.90 crore for the period from Rs 119.01 crore during the same period last year.

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