GHCL Ltd has informed that the Board of Directors of the Company at its meeting held on June 16, 2007, inter alia, has approved the following:
1. Recommended Dividend @ 27% (Rs 2.70 per share) for fifteen months period ended March 31, 2007.
2. Recommended re-appointment of Statutory Auditors.
3. Approved Notice for ensuing Annual General Meeting.
The Textile division at GHCL is a vertically integrated operation that manufactures premium quality Yarn, Griege Fabric and Home Textile products like Bed Linen, Curtains, Madeups and Cotton Yarn.
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