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VTX Industries board not to issue any dividend

31 May 2012 Evaluate

VTX Industries has informed that the board meeting of the company which was held on May 29, 2012 as scheduled and postponed/continued on May 30, 2012 due to pending agenda for discussion transacted that no dividend was recommended by the Board for the year 2011-12, considering the requirement of funds for future growth of the company.

Further the board appointed J Balamurugan as new director of the company, to fill the casual vacancy in the Board, with immediate effect and taken on record the appointment of R Murali as vice president - finance & accounts, effective May 08, 2012.

The above information is part of company’s filing submitted to the BSE.

Peers
Company Name CMP
Vardhman Textiles 554.05
Welspun Living 224.70
Arvind 550.00
Raymond Lifestyle 687.50
K.P.R. Mill 1108.00
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