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| Exchange Disseminated Time | Jindal Worldwide Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 08, 2005, inter alia, has taken following decisions:
1. Proposed dividend @ 10% for the year ended on March 31, 2005 on Equity Shares of the Company.
2. Proposed to give Bonus shares in the ratio of 3 shares for every one Equity shares held by the existing shareholders.
3. To part finance the expansion cum diversification plan, it was decided to come out with public issue of the suitable size as may be decided.
4. Notice convening Annual General Meeting of the shareholders of the Company to be held on September 30, 2005 was approved for sending to shareholders.
5. To start commercial production of Denim by September 15, 2005.
6. Major expansion in Home Textile division by putting up new complete processing facility with dying and printing process which will be started shortly.
7. Proposed to increase its authorized capital by Rupees Ten Crores. |
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