NEW DELHI, June 9: The Delhi Stock Exchange board on Monday decided to suspend its president, Paramjeet Singh, from the membership of the exchange following detection of irregularities by his broking firm during an inspection by Sebi.

The board also decided to issue a show-cause notice to Singh. A defiant Singh, however, said he would take recourse to legal remedies and file a defamation suit against Sebi. ``I have not been given any opportunity to present my side of the case,'' he said.

J B Chemicals

MUMBAI - The directors of J B Chemicals & Pharmaceuticals have recommended a final dividend of 22 % (20 %) for the year ended March 1997, making a total dividend at 40 % for year against 35 % paid last year. The net profit has registered a 55 % increase to Rs 19.80 crore (Rs 12.80 crore) on a total income of Rs 164.90 crore (Rs 134.79 crore). The interim and proposed final dividend including tax on corporate dividend (Rs 13.90 lakh) will claim Rs 2.67 crore.

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