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.