Nandan Exim Board declares interim dividend & approves bonus issue

Nandan Exim Ltd has announced that the Board of Directors of the Company at its meeting held on October 31, 2006, inter alia, has approved the following:

1. Declared interim dividend @ 7.5% on Equity Shares of the Company for the financial year 2006-2007.

2. Issue of Bonus shares in the ratio of 1:1 i. e. One Equity Shares for every one equity Shares held by the Shareholders of the Company as on record date to be fixed by the Company.

3. Diversify into other sectors by contemplating foray into infrastructure segment by investing into SPV formed for setting up a textile park and also by investing into a company engaged in developing state of the art ultra modern townships.

4. Increase of Authorised Share Capital from Rs 25 crores to Rs 50 crores.

Source : Equity Bulls

Keywords