MoneyWorks4Me

Nitin Spinners board recommends dividend

06 May 2014 Evaluate

Nitin Spinners has informed that the Board of Directors of the company at its meeting held on May 06, 2014 has recommended dividend @ 7.50% i.e. Rs. 0.75 per share for the financial year 2013-14, subject to approval of Shareholders. The recommendation has been made keeping in view the requirement of funds for deployment as internal accruals in the expansion project.

The above information is a part of company’s filings submitted to BSE.

Peers