Videsh Sanchar Nigam Ltd (VSNL) has announced that the members at the 21st Annual General Meeting (AGM) of the Company held on August 02, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Profit and Loss Account for the period from April 01, 2006 to March 31, 2007 and the Balance Sheet as at March 31, 2007 along with the schedules and notes thereon, the Auditors Report and the Directors Report for that year.

2. Declaration of dividend at the rate of Rs 4.50/- (Rupees four and fifty paisa only) per share of Rs 10/- each.