Siyaram Silk Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 12, 2006, inter alia, has recommended a Final Dividend of 20 percent i.e., Rs 2/- per equity share of Rs 10/- each to the Equity Shareholders of the Company.
Further the Company has informed that the Board of Directors has recommended to issue Bonus Shares on Equity Paid-up Capital of the Company, in the ratio of one equity share for every two equity shares held.
The necessary approval for the issue of the Bonus Shares will be taken forthcoming at Annual General Meeting.
Siyaram Silk Mills Limited is the flagship company of the prestigious Rs1000 crore Siyaram Poddar Group. From its humble beginnings in 1978, company has grown into one of India's largest manufacturers of textiles.
Bombay Stock Exchange Ltd
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