Easun Reyrolle Board recommends stock split, 100% final dividend

Easun Reyrolle Ltd has announced that the Board of Directors of the Company at its meeting held on May 30, 2007, inter alia, has approved / decided subject to approval by Shareholders, decided to Sub-divide the nominal value of the Equity Shares from present Rs 10 per share to Rs 2 per share. This decision is taken in order to improve liquidity of Company's Shares for trading in the market and increase affordability to small investors.

The Board on subject to approval by Shareholders, decided to increase authorised capital from Rs 10 crores to Rs 20 crores in order strengthen to capital base to meet future growth plans of the Company.

The Board of Directors of the Company at its meeting held on May 30, 2007, inter alia, has recommended a Dividend of 120% (including Interim Dividend 20% paid) for the financial year 2006-07.

The stock closed the day at Rs.794.05, down by Rs.80.10 or 9.16%. The total traded quantity was 82729 compared to 2 week average of 49079. The stock hit an intraday high of Rs.894.95 and low of Rs.782.30.

Source : Equity Bulls

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