The board of directors of Rajapalayam Mills has recommended a bonus share in the ratio of one share for every share held. The bonus issue is, however, subject to the approval of the shareholders at the annual general meeting.
The board has also recommended a dividend of Rs.15 per share for 2010-11 consisting of Rs.7.50 as dividend and Rs.7.50 as special dividend to commemorate the Platinum Jubilee of the company.
Sales of yarn during 2010-11 stood at Rs.305 crore against Rs.238 crore in the previous year.The net profit after tax was also higher at Rs.27 crore against Rs.12 crore.
