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| Exchange Disseminated Time 18/05/2017 16:43:46 | Sutlej Textiles and Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2017, inter alia, has transacted the following items of business:
1. Recommended a dividend of Rs. 13/- per equity share on 16382862 Ordinary Shares of Rs. 10 each for the financial year ended March 31, 2017, subject to the approval of the shareholders at the ensuing 12th Annual General Meeting (AGM) of the Company. The dividend, if approved by the shareholders shall be paid within prescribed time after the approval at the ensuing 12th Annual General Meeting.
2. Board also considered and approved the sub-division of each of the Equity Shares of the Company presently having a face value of Rs. 10/- (Rupees Ten only), into 10 (Ten) Equity Shares having a face value of Re. 1/- (Rupee One only) each.
The sub-division of equity shares is subject to approval of shareholders, and shall be effective only after any other statutory and regulatory approvals. Accordingly, the record date for subdivision of the equity shares will be announced In due course, in consultation with the Regulatory Authorities/Stock Exchanges. |
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